Nothing beats getting out there and going for a walk..Sounds like you've really done your home work. I'm thinking of heading up there over Easter. I'm talking to an agent in Ingham of all places re a block of units offering good returns ( remember i'm after cash flows )…But i'm struggling to find any comfort in the research i'm doing so…[Read more]

Good topic !

Although i agree with Rob that the agents fee is capital in nature and therefore forms part of the cost base of a future purchase, you are not trying to claim the actual fee as a deduction right ?, only the interest expenses on the funds used to pay the expense..Eg – If the agents fee is $5K, then you can claim the interest on the $5K.. I'm pretty…[Read more]

Hi GJThanks for your thoughts. I never thought i'd fall into this category but cash flow is now my main aim these days. I was lucky enough to have invested in property back in the 90's. Back then, i lived on the the edge as far as buying as many negatively geared properties as possible. Even paying mortgage insurance to get one over the line on…[Read more]

As i'm sure you're aware, to claim interest as a tax deduction, the funds must be used for or towards income producing pruposes, be it capital or revenue in nature. Therefore, in your above senario, until the funds are used as such, you will not be able to claim a tax deduction…I presume from the information you provided, you are having to draw…[Read more]

Hi GuysFirst post !I think i'm in a very similar position to most of you guys, spending most of my spare time on the net trying to find that right property. I've stumbled across a few properties in the Townsville area that has certainly suprised me. Particularly a nfew places in Hermit Park. Can anyone provide any feedback on that area ? I've r…[Read more]