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November 13, 2015 - 12:44 pm

Every investor needs to do their reseaarch, understand pros and cons, and get the best possible team of experts on their side.

September 7, 2009 - 11:58 pm

Thanks for your response maree.

There is no Builders Warranty as the building is more than 3 levels.

August 17, 2009 - 4:40 am

No, I'm in NSW.

Sorry should have mentioned that in my previous post.

February 11, 2009 - 2:42 am

Thanks for your comments Mike.

Anyone else have experience with the same?

January 21, 2009 - 11:19 pm

Thanks for the advice Kevin. Appreciate it.

However, I was under the assumption that I would have to reside at the property within the first 12 months. So I could rent for say 8 months and reside after that period (before it reaches 12 months).

Also, it would be great if you can let me know if I require a 'depreciation schedule', or if an accountant can take care of calculations.

January 21, 2009 - 3:00 am

Live in it for 6 months. Rather live in it when it brand new!

Do you think its better to rent out first, as I can claim this FY?

January 21, 2009 - 2:44 am

Sorry if this sounds stupid, but what is a depreciation schedule, and who normally goes through it?

What's a rough figure I can claim back? I heard it was around 5k, for the property I'm purchasing.

My unit block has around 25 units and all sold in 2 weeks. However, I hope I made the right decision to buy here. I’ve been looking at the rental value, and it seems to be renting quickly – around 380-400 p/w.