Hi Streaker
the ATO provides informative download on what constitutes a Capital Gain event ( a loss included). From memory you may require to ascertain the value of the house when it ceased to be your PPOR. ie. what was it worth when you started renting it out as the C Gain is calculated back to this point as before that it was your PPOR.

Hi Streaker the ATO provides informative download on what constitutes a Capital Gain event ( a loss included). From memory you may require to ascertain the value of the house when it ceased to be your PPOR. ie. what was it worth when you started renting it out as the C Gain is calculated back to this point as before that it was your PPOR.

Sunshine Coast going reasonably well, though at present a dearth of renters, whereas a year ago, you could advertise Wednesday and have the tenant move in Friday the same week. Not sure if its oversupply or the number of people moving to the area has dried up, or they are buying their own houses.

Interesting that the doomsayers have gone quiet.
The opportunity to invest and learn alongside Steve, who openly admits (modestly) to not being an expert in all things, but has shown the ability to leverage those who are, has been a highlight of my investing. I dial into all the investor updates and listen. I am constantly amazed at questions…[Read more]

Macca, there are plenty of UK sites, too many. try  http://www.fish4homes.co.uk

Does it make any difference for lending, if you are also a UK citizen? I have been considering purchasing in the 40K quid area as per above as my brother who still lives there has several properties making good returns.

Cat,why would you do it yourself when someone else, Suncorp, is prepared to pay? This may be an opportunity to learn delegation and project manage the repairers as I suspect your concern is for the quality of the job, meanwhile your partner can be paid for work elsewhere. The insurer has a responsibility to its clients and clearly feels better…[Read more]

Melanie,found your post inspiring. I am behind in the planning and execution of my reno which is 700km away. Found your post good with its real costs as helps to get comparisons. Keep up the post and good luckRichard

This is the second post I have seen on accountants in Brisbane and the recommendations seem to be southside only. Anybody know of a property investing savvy accountant on the Northside?