Thanks guysThat was my first step and I was upfront with the local agent who has been sending out flyers offering valuations and had a large number of sales in the area in the past 12 months however they still wanted to come around and run through their services (which I was happy to do).  However they only wanted to give the high sales in the…[Read more]

Hi BarrySounds interesting, do you have any more info. Location, property age etc.CheersSam

Yes. Google maps search will back this up however it doesn't give the shortest route as the default search result.  13.3km according to the search I just did.

Terryw wrote:
Some points to consider:   By thinking about what to do for 4 months you have missed out on $5000 in rent!   If you sold and put $130,000 into your home loan you may save around $6,500 in non-deductible interest per year.   If you kept it you would get any future capital growth – now may not be a good time.   If you had the loan I…[Read more]

Hi pullyThanks for your comments. The property has been "looked after" by my brother for the past 4 months whilst we worked out what to do with it.  You're spot on re Centrelink and I have spoken with them and been advised that as long as the property is neutrally greared then there shouldn't be any issue as there will be minimal income after…[Read more]

Thanks bjaust and maree_bradross In answer to your questions – The loan on the IP is currently interest only- the IP is currently held in both of our names- I'm skirting the 40% tax bracket and a vehicle salary sacrifice is the only thing keeping me from going up to the next bracket.- I'm assuming that the accountant seems to think that a newer…[Read more]

Availability of the property for rent is a "relative" term because a relative has been staying there for the past couple of months. I know this is a slippery slope but I'm sure it's not the first time it's been done.

Thanks ducksterthe ato link was good.  I'm relieved to see that we have some time up our sleeve. As we are in first home buyer territory with a tidy property, 2 agents who have seen the property have advised that it would likely sell at the first 1 or 2 open inspections if the asking price is reasonable market rate. It would be great to sell by…[Read more]

Hi bzmum04

Please keep the story going. I feel like I’m hanging on the edge of a good book or tv series where they finish with the dreaded line… to be continued.

Good work