Recent content by flaxmac

Hi Terry_W, Thanks for the reply. Let's take a PPOR example then, 2012 I buy PPOR for $500K, ($100 deposit, $400K Loan). 2022 Value of PPOR is $900K (Loan $400K, Equity $500K). I draw down $300K giving (Org Loan $400K, Draw down Loan $300K, Equity $200K). 2023 Decide to rent...

Hi Guys, and thanks for your responses. Just so I get this straight, what you are saying Terry_W is this: 2012 IP1 value = $300K (Loan $250K, Equity $50K) 2022 IP1 value = $600K (Loan $250K, Equity $350K) Draw Down $200K to purchase IP2 Results IP1 value = $600K (Loan $250K attributed to IP1...

Hi All, Thinking way ahead, hope the rules don't change. Currently if you draw down for the purpose of re-investing in another IP, the Drawn Down loan amount from the IP will still be fully tax deductible. Example: 2012 IP value = $300K (Loan $250K, Equity $50K) 2022 IP value =...

Hi All, Just a couple of questions about CGT and Deductions. 2012 Father/Husband buys IP for $600K (10 years Interest Only Loan) Valuation Done = $600K 2012 (One month later) Father/Husband sells IP to Daughter/Wife for $600K, But with a delayed settlement for 10 years. 2022...

Thanks Mizbuf, I am pretty confident we have not overpaid for this property (has parking), and the strata doesn't seem to excessive. (at the moment) I know the rent is not in the high yields people often talk about on this forum. $559K rent $540 = 5% yield, but the strata is lower than most...

Strata fees = $732 pq Council = $174 pq Water = $156 pq

Hi All, I would like to hear some different points of view about the Reno question. I have just bought a Ground floor 2 Bed 1 bath apartment in Neutral Bay, $559K. Advised that it could rent for about $540 to $550 pw as is. Two others in the same building that have been fully renovated...

Hey Dog, Do you have any links for those specialist with the house and land + Granny Flats. Thanks, Flaxmac

Thanks Seaford

Hi JennD, Ohhh Baby, This is what I am looking for, Thank you sooo much!! Does anyone know of any other suburbs like this. Thanks again.

Hi Bayview, Apology accepted, maybe I should have done a better intro, sorry. My Name is Clint, 40. Have our own business, selling ladies clothes (corporate wear) in Sydney. www.young-mi-shop.com store located at Martin Place. Live in Neutral bay. Bought PPOR 2 years ago, 1 Bed apartment...

Not sure what you mean by this, if you think I work for the mag, then you're wrong. If you think I am trying to promote myself, not sure as what? You're wrong. If you can get past trying to second guess peoples intentions and have some legit info on the topic, please reply.

Hi Guys, Just got the new Property Investment Magazine for October 2012. Had some great stories in there about how to replace an average income (60K) within 10 years. There advise was buy a 3 bedroom house with a Granny Flat, for between 220K - 250K and rent it out for a combined ($320 + $180...