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  • Profile photo of sflynnsflynn
    Member
    @sflynn
    Join Date: 2004
    Post Count: 3
    April 5, 2007 - 2:42 am

    …that shoudl read .. " over 75k "  … to get a deducation credit of 40% on any running costs.

    Cheers

    S

    Profile photo of sflynnsflynn
    Member
    @sflynn
    Join Date: 2004
    Post Count: 3
    April 5, 2007 - 2:40 am

    Tax is important, but should not drive ur decision to invest.. it's purely an added bonus, as long as your earning over 95k, as that means you can deduct 40% of your costs.. (shortfall between the rent, and Interest/Agent/Rates/Maintenance…).  Also depreciation is a nice bonus.  

    You may come out even… but unless ur buying in some regional areas, and some interstate locations, it's very tough to actually make 'income' from a house & land, within the 1st few years of ownership.  There are towns, but you might think they're too far away ;-)

    S 

    Profile photo of sflynnsflynn
    Member
    @sflynn
    Join Date: 2004
    Post Count: 3
    April 5, 2007 - 2:12 am

    Central queensland coast.. Yeppoon, Zilzie, etc is booming.

    Whay would you invest in Sydney, where all the major analysts (BIS, KPMG, AMP) are all marking Sydney has having little to no growth in all 2007, and 2008.     Interest rates are up again in May…  more pressure on Sydney affordability.

    For $149k, you can buy flat 780sq land blocks, 250 mtrs from beachfront, 500 mtrs to boat-ramp, within a golf resort, with recreational club, and fully approved masterplan, 35 mins to airport with direct flights to Sydney/Melb….

    I've been investing in Qld for 6 years now, accrued over 10 props, with vals over $2M.   Also buying in Sydney, but in Oct/Nov 08', with 50% deposit – By selling a few props and keeping the golden-eggs.

    Invest first.  Syd Rents are still very cheap by comparison to Interest on a 100% mortgage.

    Let me know if you'd like more info – I love investing in property .. so ask away

    Cheers

    Shane

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