Hi,

Firstly, you aren’t stupid. Anyone who is remotely interested in their financial future is already smarter than 80% of the country.

Even tho your existing house will become an investment house, you still won’t pay CGT on it unless you sell it.

In response to your second question, it probably is a good idea to convert your non-tassie house…[Read more]

Hi,

You can get a little more value out of that property if you claim depreciation. (Assuming you’re not already).

For the building itself, you can claim 2.5% of it’s value until the building is 40 years old. There is a slightly different rate if that property was built between ’85 and ’87 but thats a long story.

Also, things such as carpets,…[Read more]

Wow MiniMogul, that sounds fantastic.[]

How did you come across the block of flats? Were they on the website you mentioned (Which property type would they come under?), or did you find them through an agent?

Any agents you’d recommend in those areas?