Hi Wade,
I know nothing about consumer law etc however i am an Electrician and if it is a 40 degree day outside then getting an air con to cool an entire house to 26 inside isnt too bad. There are a lot of factors that determine an air con’s capacity to cool a house and on a 40 degree day then most of these would be obvious. I live on the Gold…[Read more]

Hi Taylor,

I think you must have mis read my figures.(my fault for not being clear.) When i said:
“Property 1 lost $2763 (including capital works and depreciation this figure blows out to $6114)” The $6114 is a negative number.

In other words on Tax return- Rent received= $18100….Expenses (including depreciation and capital works)= $24214

So…[Read more]

Hi Paul,

Assuming the interest rate for your properties are around 4.6% – 4.8%, Your portfolio should be cashflow positive or at least neutral.

Just wondering when you said selling property to paying off “bad debt”, what do you mean by “bad debt” ? and what sort of interest rate are you paying for the “bad debt” ? also how much do you owe for t…[Read more]

Hi Terry,

We paid 10k interest in last financial year.The original plan was to keep the property for a few years and then sell during more of a peak in prices. Original thinking was holding out and see what happens with prices leading up to the Comm Games in 2018 but i was always sceptical whether this will make any difference at all. IMO it…[Read more]