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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    September 22, 2006 - 3:14 pm

    Hi All,

    Adelaide is a great city and I would suggest our RE is the best value in the country. Not only is there a uranium boom but oxiana is building a new gold mine and roxby downs is having a huge expansion. The auto makers always seem to be on the brink of closing down here every few years I would suggest it is just a cycle and things will improve. It is my belief that Adelaide carries not a lot of risk as long as you carry out some due dilligence and by well.

    Scott[biggrin]

    Cheers

    Scott

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 16, 2004 - 9:10 am

    Hi Knuckles here,

    I use an mortgage offset account, where any money i have parked in my savings account is offset against my mortage so i only pay interest on the differance between them.I have had a line of credit before and that worked well however the interest rate is generally higher and i personally feel more comfortable with the offset account.

    Cheers

    Scott

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 14, 2004 - 1:14 pm

    So I now know what a QS is.

    With a positivly geared property you can depreciate everything exept the building or am i incorrect.I always thought that you couldn’t get these tax benefits from + CF prop.

    Maybe i shouldn’t think so much?

    Cheers

    SRCurley

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 14, 2004 - 1:01 pm

    Cheers for the help mortgage hunter

    SRCurley

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 14, 2004 - 12:58 pm

    Hi knuckles here

    Pardon my ignorance but what does a QS do and is it applicable to + cash flow property?

    SRCurley

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 14, 2004 - 12:38 pm

    How do i have a CGT exemption on my new property is it because it is my place of residence and not a IP?

    Do you only pay capital gains tax on investment property? I am planning to buy more +Cash flow IP’s
    and was planning to setup a trust to do this still educating myself in the best structure for me.

    SRCurley

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 14, 2004 - 11:30 am

    Hi Knuckles here

    I also am in the process of purchasing a new property which will be my residence.

    I will keep my existing home to rent out it is positively geared and i have a mortgage of 80k on it.

    Is the interest on the 80k deductible?

    What other options do i have with my new porperty to make it also deductible?Is setting up a company or trust a possibility?I already have a mortgage on the land so i’ve already limited my options.

    Cheers

    SRCurley

    Profile photo of KnucklesKnuckles
    Member
    @knuckles
    Join Date: 2004
    Post Count: 11
    June 6, 2004 - 12:20 pm

    Hi Jaffasoft this is my first post, the calculater is great i have 1 property producing similar figures to what your after.I live in Adelaide and i’m in search of another deal, would love to start running lease options to try and increase my cashflow.Would like to purchase any helpful info on the topic of lease options anyone now anything about the Australian lease option handbook?[strum]

    Yours sincerly
    Knuckles

    SRCurley

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