Two hours a week includes recording every transaction in my household down to the last cent :) I also manage my loan balances and credit card reconciliations. Again, wouldn't be without it even if it tool twice the amount of time.
Been using PIA for three years now and wouldn't be without it :) Best $250 you will spend.
Also bought POSH which is kind of like PIA but also lets you track actual costs. Because I've used Quicken for the last 10 years for all of my personal finances couldn't be bothered replicating the...
Further to this I see now in the PIA software update there is now a section for calculating your holding costs when building - very useful :).
I note that it gives you the option to take the holding costs as an immediate deduction in the first year, or for the costs to be added to the capital...
I have the latest Residex report and Upper Mt Gravatt showed a 20.5% increase in 2007 for house to an average price of $403K. Units increased by 15.7% to an average of $330K. Rental yields were around 4.7% for houses and 5.3% for units.
Still a good bet I reakon :)
Regards
Dan
Thanks LynnH and Marty - agree it's a great place to live :). We've been here for over 15 years (Victoria Point and now Ormiston).
I'll let you know how I get on.
Regards
Dan
Has anyone had an experience with the Redlands Council here in bayside Brisbane?
I tell you what they are one of the most useless outfits I have ever seen:mad:! I have had plans in now for over 4 months awaiting approval. Nothing difficult. Had to have a DA revision as the original DA was...
I have used the Quicken product Personal Plus since 2000 (about $200) for managing all of my finances. I have my IP's set up as there own assets and cost categories so that income and expenses are allocated to each one. At tax time I print off a tax report and take it to my accountant - so easy...
I was recently purchasing some land in that area for the company I work for. I'm pretty sure the minimum lot size came up in one of the conversations I had with a land owner in that area. If my memory serves me I think the minimum size block is 10 Ha (25 acres). Although this could change...
Good morning
I am in the process of building an IP in Brisbane at the moment:). I'm almost positive that I have read on this site (can't find it now) that the interest whilst building is tax deductable as long as your intention for building that property is for rental. I had a discussion with...