I appreciate all the advice.  Thanks very much!!! Yes we do have an offset account that we plonk our spare (not much) cash.5. Get a Quantity surveyor to do a depreciation schedule for you. I believe that you can claim up to 4 years of depreciation in one go if you haven't been doing it in the past.How does this work? How does this work?…[Read more]

Thankyou everyone.I will consider the advice you have given.I have spoken to the neighbours of the house about joining forces to sub-divide 3 properties to make 2 extra blocks going thirds on costs and profit etc seems like a good idea. It will probably  be negatively geared but no where near what is is now.  I also just learned that the te…[Read more]