Kaloni,
Details are scant for your situation, so I will answer based on what I have done for me.

10% has been the deposit I have paid. Happy to pay mortgage insurance as it doesn’ tie up other funds for next IP purchase.

Given that you will negative gear, the greater “loss” by borrowing more is probably more of an advantage….

James

If you are purchasing an existing dwelling, it is possible to use the depreciation schedule that has been commissioned by the current vendors. This will depend on the wording and conditions in which the schedule was undertaken and produced.

I have been able to utilise an existing depreciation after recently purchasing, however, one that I got…[Read more]

Given, that you are in large part dependent upon the individual/organisation managing the property, then I would suggest due diligence on them as much as on retirement villages in general, location etc

Do the people who currently manage have a good reputation?
Do they manage other sites?
Do they have feedback (from customers)on their service?
Are…[Read more]

I have never come across anything similar in all my time searching.

What essentially are you after? Is it a broad measure about the market in general or is it specific to a post code or small region??

James

Hi Rachel77,

If you had asked me that question 6 months ago, I would have said, invest in the area that you live in.

Of course investing in Melbourne is a much larger choice than if you were living in a regional centre.

However, with technology, it is much easier and less costly to research and invest in other states or regions (even countries…[Read more]

Dyes30400,

Try these topics, should be plenty of food for…[Read more]

Steve,

You are buying property off the plan? If so, I don’t think there is a requirement for the vendor to have a depreciation schedule.

Most are done at planning stages (obviously) and you would need to get another one done at settlement to actually claim.

James

Kay, contemplating coming up for the day from Melbourne.

I have had a look at the website, the seminars etc. Have you guys decided whether you would be attending the seminars predominantly or just walking around

The reason I ask, is that it would be the seminars that most interst me personally and maybe for the sake of ensuring everyone gets…[Read more]

You were too quick for me Kay. I have posted the same thing (depreciation Allowance Changes), although I have taken the liberty of putting in some quotes for those who don’t want to fork out the money.

James

Thanks Terry.

Funnily (or not funny really!), about 8-9 years ago, I went along to probably a similar event which the ANZ was putting on. It took me another 6 years before I actually purchased a property.

At least when I go this time, I will have some runs on the board….My how time flies!

James

Kay,

I agree with your comments about reading as widely as possible on what is happening. And neither am I denying what is evidently happening today in the market..

I however, look critically at the source of the statistics and theory and future predictions that they expouse as a result of those numbers.

James

Those thinking of buying soon should plan to keep the property for at least five years or preferably 10 years or more, said Nikola Dvornak, associate quantitative analyst at CommSec.

There’s a revelation in property investing (sorry for the sarcasm)

About 160,000 new homes will be built this financial year, down 6 per cent on last year. Another…[Read more]

What specifically is she referring to?

James

Not at all Redwing.

Its just that your head is small![biggrin]

James

One more that might help

http://www.ato.gov.au/SearchResults.asp?fm=&so=&sh=&ps=10&si=&kw=RENTAL+PROPERTIES

Select number 3…..

James

Yes you are correct – land tax is deductible.

James

ADJAPOUR29220,

The land tax amount is based on the total land value of all liable land owned at midnight 31 December 2003.

Therefore, land tax would apply, in your case, to $529k – $317k = $212k.

$212k * 1.7% + 100 = $3704 Land Tax

James

Damians,

No issue to transfer the property across, however, you will be paying stamp duty on the transfer.

Depending on what type of property investments, ceratin trusts may suit better. Hybrid Discretionary Trusts suit those who would like to negative gear, a straight Discretionary Trust may suit positive cash flow investments.

Do a search on…[Read more]

Mark,

This should help or at least start your research.

http://www.ato.gov.au/

http://www.washingtonbrown.com.au/uploads/Draft_Dep_Ruling.pdf

James

Geo,

I think what Terry was refering to was from an asset protection perspective. If there was a situation in which something when wrong with one trust, you are not exposing all your assets in that one trust.

I am not aware that it would increase your borrowing power at all, because ultimately you are as trustee (individual or corporate)…[Read more]