the property has already gained a fair amount, rent was returning a good amount when i first got it. now, i just worked out it returns 3.9% after all expenses (bc, rates and so on). I am not making much from rent but i could make a better $$ from selling it now. On 1 $100,000 property in Victoria, buying and selling, how much do i actually loose in taxes and real estate fees? $10k?[goatee]

that is the total cost, no gst, no advertising fees, nothing just the flat fee of $6,700. and i dont have to pay any more.

i will explain further to get rid of the confussion.
I refinanced a loan and used this as a deposit on a new place to live in. My accountant said because i was using this money to buy a place to live in; even though it was secured against an investment property; it is what it is borrowed for that counts for tax. If i tried to claim this, the ATO would search to see if any stamp duty had been paid on this property. If it hadn’t i would be in trouble with the taxman if i tried to claim this.
Is this correct?

kind of a hard one, what is in the kitty? what needs doing? What did the last years cost count for. at least he didnt give these to me incorrect, just that he thought that i may over look it as it was broken down into quarterly payments.

heads up, keep our wits, and be smart, and thoughrer[thumbsup2]

cities where the rent is just not enough to buy include.
Gold Coast
Sunshine Coast
Brisbane
Caboolture
Bundaberg
Cairns

Where is somewhere that you can actually get a decent return for your $$?????[glum2]