Hi everyone,I am building a double storey investment property through Metricon at Sanctuary Lakes, Melbourne (South West area).I have purchased the land the end of December '09 and manage to settle in mid Feb.I am residing in Sydney and thus far it has been a painstaking slow process in getting the building finalisations on a roll.I have done…[Read more]

Hi JacMThanks for the info once again which draws a clearer picture for me.I am an Aus permanent resident, just new to the property investment side of things.Cya

Excellent feedback which I shall cherish and make use of in the future.I was unaware that one could claim quite alot when it comes to tax time wrt depreciation for a new home.When would you recommend I get hold of a Quantity Surveyor to do the report for me, once the place is completely built?Any idea, whether there is a thumb rule for the…[Read more]

Hi JacM,Thank you for your reply – highly appreciated I shall take out the Landlord insurance with tenant protection when the time arrives.As you have mentioned, it is actually essential to have the insurance in place, just in case tenant issues arises.Take care.