|No CG tax as I'll be owner occupying

Are you planning to continue to buy and sell your PPOR? You may want to check with your accountant whether or not you are going to be tax as a property investor or property speculator. There can be costly tax fee's if you get it wrong.

As for your original question. I would buy and sell until your not making…[Read more]

Is RP Data really worth it? I'm considering paying the money but it seems steep considering there are free alternatives.

Thanks Tamara34,

That was exactly what I was after . I’m not sure or not you will be able to answer this but it’s worth a shot. How does a company such as price finder find their data? Does the government give it out or do they search for it themselves? Price finder looks awesome but it’s a tad expensive.

Thanks once again

Hi Majic,

There is a difference between CF+ and what I'm assuming you're after, positively geared. As others have said before, to find a positively geared house is almost impossible. You can create them through reno's or development. But it would be hard to just find one as is unless you bought for way under market value. 

I would suggest that…[Read more]

Can you claim any deduction from deductions on the IP?

My IP is currently negatively geared but has CP+ of around 2K a year but only after claiming deduction.

FYI I pay around $330 for house insurance (not content).

Can you claim any deductions on depreciation

API mags have this information in the back of them I believe. I'm not sure if they show median prices for every year but they defiantely show the current median prices.

Would love one of these in Victoria!

Is it possible to grab the excel document you used? Or even just grab a screenshot of the fields you calculated? I thought of excel as an alternative. Thanks for the advice

Interesting. Could you please sum it up in laymens terms. Because I honestly though the same but just never investigated as to why the prices rise.

I see. So would it be best to see an accountant and a lawyer at the same time? I guess what I'm asking is where do I go and who do I make an appointment with. To sit down with them, explain my whole financial situation, explain what I'm planning to do and have them tell me my best options? Do you recommend any businesses or services for what I'm…

Hi Jamie,

Thanks for the advice. In regards to the finance person, who would best be able to give me advice on which structure is right for my circumstances? An accountant, lawyer, mortage broker??? All of the above? I'm willing to shell out decent $$$ in order to get my afairs right from the start and to maintain them. I just need advice on…[Read more]

Hi Dave,

Yes, my loan is interest only. There are a couple of things that concern me if I don't get this sorted now rather than later. If I were to go into a trust structure later in life and all my IP were in my name. I would have to pay stamp duty to transfer the assets from my name into the trusts. This would eat up my potential profit. This…[Read more]