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Up in the Blue Mountains. Also down south- Nowra, Erowal Bay.
I got 2175 & I haven't even added up all my jewellery correctly. I am 36 so hopefully it will only improve.
Thanks for this. It has been fun. Now I'm gonna get competitive & try to increase my score!
Yikes! I would consider paying the loans off that you have already got. $962K in a rising interest rate environment is risky business in itself.
I have a large key set -to house + garages + locks for gates. I need one set for the agent, & one for the tenant.
I know it is quite negligible but still, money is money!On second thoughts, I don't think I can do it as it is 3.5 hours from my workplace, and it is obvious that my intention is only for tax purposes. With the purchase, I purposely tried to avoid land tax as that is a real killer to investing in NSW.
What do you mean when you say the ATO treat land tax differently from the OSR?Thanks for the reply Terry. I was worried that I would have to pay land tax if I don't make the new one my PPoR. However, I've looked at the Land Value (NSW) search & they both add up to $287K so I am under the threshold & fingers crossed I will always be under the threshold as it climbs each year.
I am wondering if is worthwhile financially at all to make it my PPoR now buy living in it first or just rent it out? I don't intend to ever sell either of them, and intend on moving into the second one in retirement or mabye sooner.
Thank you muchly for your help.
May I ask: if I rent out the new IP& do not move into it first, does that mean I can never claim the new place as my PPoR ever again (given the current laws of course) even if I do move into it & genuinely make it my PPoR?