Hi,

Apologies for resurrecting a three-year-old thread, but it’s now 2014 and I’m looking for a buyer’s agent in Brisbane to help me locate and purchase an investment property (I live interstate). Does anyone have any current recommendations?

Jamie M wrote:

sweeny wrote:
 Hi Shape, Are you able to go into more detail about the tax-deductibility of Loan 2? My understanding is that Loan 2 would be treated as new borrowings, and its tax-deductibility would be determined by what you used the funds for. If you used the $100k to buy an IP, it would be deductible but if you used the…[Read more]

Shape wrote:

siraitken wrote:
Shape,In this example is the interest on Loan 2 tax deductible?If not, what alternative solution would you recommend if you still needed the $100k for a IP deposit?Regards,Dave

It is.
There are many ways to achieve a similar outcome- it all depends on your overall LONG term goal and objectives ie planning a…[Read more]

I am currently looking at NRAS properties and would be very interested to know if someone receives any official word from the ATO on this.

Terryw wrote:
The purpose of the loan is to buy the house. When the house is being lived in this interest is a private expense, when being rented it is a investment expense.

Hi Terryw, do you have a link to a .gov.au website to support this? I am still not 100% convinced.

Okay, I understand that if I buy a property and live in it for 6 months, then move out and rent it out for 6 years without buying another property, I can get:- $7k via FHOG [http://www.dtf.wa.gov.au/cms/uploadedFiles/_State_Revenue/FHOG/FHOG_Fact_Sheet.pdf] – a stamp duty exemption/reduction via FHOG…[Read more]

Thanks everyone, your posts have been extremely helpful!I was intending to get a pre-approval for an IO loan with a 100% offset account. It is likely that I will take a reduction in salary in the near future, and I want pre-approval based on my current salary. Also, I am currently spending a lot of time overseas, and wanted to reduce any hassles…[Read more]