About 25% of Australian households are renters. (Source: Some article in the SMH on 240204).

Are you talking about a redraw arrangement or refinancing?

If redraw, then just do it.

If refinancing, I think this comes down to purpose of debt. On your numbers, the $110K you borrowed for your IP was for investment purposes. If you transfer this equity to your PPOR you are using money you received a tax deduction for for non-deductible…[Read more]

I don’t have anything in Forbes, but was looking. Forbes is viewed very highly in some circles on basis of return.

However, for the last 12 months, I think the median price capital growth was in low single digits.

213 pages for me.

bc is on the money.

You will need to be able to prove whether the plants are more or less repairs / maintenance (deductible) OR whether they are improving the value of the property (capital works) (offsets capital gains).

Get some advice from an accountant. If you are using SIS’s, best get advice from two.

An accountant can say whatever the heck they like.

It is the taxpayer that needs to justify it in the case of an audit.

Minimise your tax by all means, but it’s not appropriate to just take the p1ss.

what you could say in one?

on saying in three posts

Fabulous stuff.

But, SIS, why do you insist

…and to think that all this time, SIS, I’ve been wondering how you contribute so many posts.[]

SIS – “…another great poster!”.

Why, who else did you have in mind? [}]

“Please sorry for addressing the email to my email box, l wanted to be sure if
the message got to you.”

I like this one. But it doesn’t actually make any sense. How would this help?!

323.4 – once I actually connected!

Us Chooks have a healthy respect for bears. It’s a Darwinian thing.

I’d ask him to speak to his boss about sending him on a property valuation course.

If some f**king financial planner laughed at my income I’d do more than keep a positive outlook.

…which, Kay, is why the world is a wonderful place.

You can have your property and I’ll have mine.[^]

To add to Anubis, I believe that costs incurred prior to purchase are captial costs and are reduce the “sale price” for CG purposes when you sell.

I wouldn’t be going there right now.

Didn’t API recently publish a report showing the “worst house / best street” hypothesis actually has legs, mainly because of the location factor.

If you have any eye at all on CG (and who doesn’t) then remember that there ain’t a lot you can do to improve the worst street, but there’s a lot you can do to…[Read more]

That’s the gist of the rule – but remember it’s a rule of thumb.

Personally, I don’t use it that much because the kinds of properties that fit this criteria are not what I’m looking for (ie not the bargain basement).

I’m also from the “factor in the depreciation” school of thought, which makes a difference.