Hi all,
Even up here in darwin which is a big military town, and hence big DHA town, approximately 2400 homes in Darwin and surrounding areas, the returns are also only 5 – 6%. not good enough for me. Westpac are known for their strange ideas.

the expense involved in getting to the desired destination is tax deductible anyway, as long as that is the property that you have purchased.

Basil,
I know you said that you are short of cash at the moment, but why are you going to rent out you’re ppor? As you said the moving will cost you money. I know Gross said to try to keep the properties seperate and not cross collaterilised, however you may have to get started. I’m only new to the +ve cashflow industry also, but we have one and…[Read more]