I'm a bit crazy actually and my risk acceptance level is high.(Assume that I have already got a PPOR somewhere in the 6 years CGT exemption period)If I have 150k for a house deposit, I would get a positive cash flow property in an established mining town which has potential capital growth such as Port Hedland, Karratha , Dysart or Moranbah. Then I…[Read more]

Yeah this is very smiliar to south hedland (WA) before the boom in 2009

Hi All,After you move out of the PPOR and want to rent out the property, do you still need to direct all mails to the address to use the 6 years CGT exemption rule?CheersTalismans

coalstar wrote:
the point is if your getting 1400pw in rent surely you cant be too pandatic about the bloody lawn, just buy the tenant a mower and get them to cut; no need to be completely greedy

Agree Thanks guys! Do you guys notice there's been an increase of rents in dysart and moranbah as well? A 3×1 has recently jumped from $800-$900…[Read more]

Hi Deb,Here's a solution, however it may not be suitable for your risk acceptance level.With 180k cash, you could get a positive investment property in either South Hedland (WA), Karratha (WA), Dysart (QLD), Moranabh (QLD). As the rental return in these areas are about 10-14%, it should generate enough cash flow to balance your other property.…[Read more]

Dear all,I have just purcahsed a property in Moranbah and currently looking for PMs in the area. Instead of making a new post, I will keep all the CQ stuffs in this post I have the follow questions:1. Since the rental return has increased rapidly (and it is still increasing), is it common to have a 6 monthly market rental reivew as a condition in…[Read more]

Thanks number8, dan and terryw @ number 8: Say for example, I have 80k in my PPOR offset account.How can I just create another offset account? Does it mean I need to take another loan?I can certainly deduct the interest from the IP rental income and this shouldn't be a problem.This is actually more tricky then I thought…and this is a crucial…@…[Read more]

Thanks Terryw.Do you know if there's any ways people usualyl do? I think it's quite common that pplz take out their equity to purchase investment property, they must have a way to do it! hahaCheers Talis

Ladies and Gents,Thank you for all your advices and now I have taken out the equity out of my current PPOR and it is resting at my offset account. I just want to know if I use this amount of money to buy as deposit for my next IP, is the interest deductable? If not, what can I do to make the line clear?Thanks.Kind RegardsTalis

Thanks guys! much appreciated

Thanks Banker as well!

Thanks number8 and YI! You guys have both generated a good discussion on this post!I'm always willing to learn and I'm glad to see such great responses from both of you guys!

Thanks for your reply RHPlanning.com. =p as long as its family members then its ok i guess CheersTalis

daniellee wrote:
That is most odd… especially if I could get better returns than through a typical financial planner.Surely there must be another way around this. RegardsDaniel Lee

Firstly, thanks for all your replies, Terryw, Paul, Richard and Andy.@ DanielI think you should probably talk to your bank first and see if they allow you to do…[Read more]

Thanks Founder, very well said and very kind heart of you bring the warning up  (seriously only my parents would tell me not to do such thing!) I would also warn others who have a similar approach that leverage could be a double edge sword and only to use leverage wisely. I'm going to do some fundamental (then technical to determine buy pric…[Read more]

Thanks Richard. I will talk to my accountant about the details. CheersTalis

Thanks Richard. I will talk to my accountant about the details. CheersTalis

Qlds007 wrote:
HI BlissySorry to come into the end of the post but can i ask you why you are paying principal & interest and reducing the debt balance ?The loan is interest only for a reason and if not should have a 100% offset account linked to it.Place all of your funds into this and offset the interest rather than reduce the principal.You can…[Read more]

Hi, I have a similiar situation as well. I'm currently living in my PPOR but planning to move back with my parents in a couple of months. I was just thinking of renting my current PPOR out and at the same time, declaring it as my main residence for up to another 6 years, as long as I don't declare a PPOR else where. Is this valid? or possible?…[Read more]

Hi,I used First Choice Conveyancing and their number is (08) 94818511.They were very polite and efficient.CheersTalis