Chandara, visit Chris Batten’s web site. You will get some idea about the structures.

http://www.chrisbatten.com.au

Advantage/disadvantage, i think it is all depends on individual circumstances.

Ta, Paul

I paid $280 last year. I am very happy with it. Forget about $1500.

Paul

logically true, but here where you start to get trouble with ATO by paying lowest rent. They might argue against it. Whatever the case may be under a trust structure, there are a lot of benefits by renting back to you as discussed above.

Ta, Paul

Kavita, another option is to purchase more properties using the high equity you have already generated.

Ta, Paul[]

Marcell, regardless of what the so called media experts say go ahead and purchase a property if your goal is to keep it for long term. In long term scenario you will be well ahead. On loan matters, hassle your mother for guarantor for your purchase since she is the one hassling you. Banks will love that.

At least you are already ahead because you…[Read more]

I really like Mudgee in NSW. We were visiting there recently. I really surprised and liked how the town looks. Very neat, wide roads, most of all the houses are big Victorian style build and the land are huge. Most of them are under $150k. Apart from that I do not have any other statistics.

Anyone been to Mudgee, Gulgong area up in the Hunter…[Read more]

Further to the above example, if the gain is realised after 12 months of holding, the actual taxable income is $50k plus $40k x 50% = $70k. ie by holding the asset longer than 12 months before dispose it, 50% discount apply on the gain for tax purposes.

Hope it helps.

Ta, Paul