Forum Replies Created

Viewing 11 posts - 1 through 11 (of 11 total)
  • Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    No-one has had any dealings with homepath????

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Back to the topic i started with….

    Has anyone had any dealings with a net based lender called homepath??? They are a subsidiary of Combank and appear to have VERY attractive rates!

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Redwing

    I appreciate your honesty.

    I have to say it is a very attractive option.

    My family is all over east and i intend on moving back soon anyway so its actually not really the master plan to commit fraud the 6 year rule becoming a real + for me. Working out depriciation is the difficult task ahead. And also trying to find someone to install the split system air con unit i have bought obviously at the wrong time of year because all the installers are booked up for at least a month..[:(][:(]

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Marzipan…

    I would enjoy meetings like this for “younger” investors. I am 25 as well and have just started on the investment trail and have to say am very exited about future projects.

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Hence my dilemma….

    I can state that i am no longer living here while remaining the entire time which makes a huge difference when -ve gearing.
    (able to claim all expenses instead of half)

    In which case who will know any different?
    The ATO has many different ways to determine a persons PPOR but to take advantage of the 6 year rule my address would remain the same with the ATO.

    Who’s to say whether i am living here or not. A friend told me to set up a PO Box and none would be the wiser.

    From what i read as long as i declare rent that would be termed “reasonable” for the IP no-one would be the wiser whether i am receiving this figure or not.

    Seems to be a very easy way to get away with being very dodgy!

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Cheers for that redwing..

    I have done the sum’s and by simply deducting 1/2 the interest off the rent i am claiming have -ve cash flow and after expenses should have a healthy sum to claim back. Makes me want to move out and claim it all….

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Am i right in thinking these prices are new to Perth? Having only recently moved from Melb they are nothing new to me however this part of the city outside South Perth really hasn’t been devaloped to its obvious full potential.

    It would appear the 4 large apartment blocks being built there are somewhat of an overkill or is this an example of the eastern states investors looking to the west?

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    I am also a WA investor (2 storey aptmt in Vic Pk, it is nice to have some local advice on a national forum…. .
    There are many properties advertised each week in The West for this area most it seems being sold relatively quickly.

    I wonder if anyone here has a similar property or further advice for the area? Particularly as there are some high end $$$ blocks being built just down the road in the Rivervale/Ascot Waters region. They seem overpriced in comparison to what is currently available in Vic Park or will this drive the prices up here?

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Yes Please

    sambo_1506(at)hotmail.com

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Thanks for the feedback…

    How do the ATO then determine PPOR then???

    Sorry for the ignorance here but i am looking to claim the apptmt wholly as a tax deduction and this 6 year rule will work greatly in my favor. Do the bills still have to be in my name, adress at the ATO remain there or if i buy no more property for the period does this one just default as my PPOR?

    Profile photo of monyetmonyet
    Member
    @monyet
    Join Date: 2003
    Post Count: 13

    Now live in Victoria Park
    West Aussie

    But will always call Ringwood home!
    (suburb of Melbourne)

Viewing 11 posts - 1 through 11 (of 11 total)