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Just pay the $1800 LMI, the capital growth and/or positive cash flow will easily out weight this small outlay if you hold the property for a few years. Seems funny how your bank will only give you 80%? Most banks if you already have a PPOR with them and some equity they will often lend you 100% of purchase price + all costs!!Have a word to your…[Read more]

Thanks

The form is on the A.T.O (Australian Tax Office) website. But I would get a depreciation report first and give this to your accountant to so they can fill out this form for you to maximize your return!

Hey everyoneThanks so much for the input, I did not expect all the responses so quick and professional. Who needs accountants, lawyers, planners when I have you guys!!Here is an interesting story about my adventures since the last post. I have been looking all over eastern Melbourne for an IP, as I was coming home last night I noticed a new for…[Read more]