Recent content by DavidPleydell

Yeah I'll have to check the rates for hiring out a steamer. I found this which was interesting: http://www.wallwik-au.com/ http://www.livingetc.com/forums/showthreaded.php/Cat/0/Number/5655/page/0 Has anyone hear heard of it? David

Everyones comments have been very helpful. I had a go at spraying hot water and scraping it off and boy it is not fast. It doesn't come off in large strips at all using that process. Maybe there are 3 layers. The top layer is pretty easy and it leaves behind a brown paper that scraps off...

Thanks. Some useful tips. Considering 80% of the house has wall paper and the cost of hiring a steamer was like $150 for a week ($35 a day) I was considering the cheaper Wagner units but I haven't checked the price yet. However I can try the other methods first and see how they go...

What is the best way to remove wall paper? I have what appears to be wall paper on top of wall paper. Well I think the first layer is a type of wall paper that looks like a render. Though it does peal off but it would be a tedious exercise without the right tools. There are a number of...

I probably would store the tools at the IP actually as it has a large shed. I did check the ATO site and it's not super clear on the tools bit. If you replace a wire door with a better security door is that a repair? It's quite a grey area. All the bits and pieces wouldn't be that costly...

Hi, I wondered if items like ladders, drills etc I guess tools for property maintenance are tax deductable. I don't have such items but need to add items to a property recently purchased so I need some tools to be able to add security doors, dead locks (are this deductable as well?) Are...

Sorry, depreciate is what I was meaning. Re:regardless of when they were done Doesn't that mean once a Quantity Surveyor looks at the addition and it was a couple of years old they wouldn't depreciate it from it's installation value? ie say you rip up the vinyl floor and put in tiles...

Is is better to do improvements to a property while it is an IP. ie the improvements will be tax deductable I assume? Or better to do them when you have the property as PPOR instead? If you do it as an IP then of course the improvements (painting, polished floors etc) are subjected to...

Actually the preview video/seminars before the book existed were really good. After that video, myself and my brother attended the Wealth 7 day program. I certainly hope the Instant income with the share trading is running, I reviewed last year and it was well worth it. David

Yes, as Thommo said there is. It's built into the price and you can claim it on tax etc as per a normal investment loan. David

Hi, If you go to the ASX site they have some really good info on instalments. CBA and TLS are perfect for such things. Basically the instalment is a geared product. If you get a HOT instalment they can be geared as much as 90% where as a regular one like about 60% They are just like when...

Why use margin lending if you have shares in companies that have instalment warrants? You can extract the cash from the shares, not pay CGT and be leveraged as though you had bought them with margin and still control the shares. You don't have to worry about margin calls either. Of course...

Check the Hearld Sun in Melbourne last Saturday. It had housing prices and some areas had increased by >20%. Not sure what the average was for the state but house prices weren't dropping according to those figures. David

$100k plus is certainly a great start! :-) One good reason to do it yourself is that you can stop it whenever you like compared to being locked in. The costs are probably the same, plus you may not have to pay the interest up front either. However it would take more work. There is...

What sort of average cost would be expected to be paid to get a company/trust tax done? Plus all the meeting minutes type of thing etc (BAS excluded)? Mine is if very simple, it really is only for trading some shares and thats it. I'm just wondering for a very simple return what cost should...