Recent content by jezzi

Thank you for your responses. Investor2009 - I agree, I thought the $130 per fortnight (after tax return!) was incredibly high and I wasn't enthused by that - espcially considering we want to buy 3 properties over the next two years - if they were all geared that way I doubt we would get...

Hello, My husband and I have been researching investing in property for the last 12 months and I think we are almost ready to seriously begin looking for our first IP. We do not currently own any properties. Background: My husband is in defence, so we receive very cheap rent and would...

Thank you! Oooh, thank you so much for your help - my deductions were far more than my income last year, so I CAN claim again!! Very excited :)

Hello everyone! Last financial year I sold my IP, and had nearly $40,000 worth of deductions. (negatively geared, plus a very large exit fee to the bank!). Because I only worked half the year, my refund was small - I could only get back what I had paid in tax, which for that year was not...

Hi everyone. I have an IP in Vic. I am in a situation where my mother is interested in purchasing half of the property. I understand that stamp duty would be payable, but what other fees and charges, legal issues, would there be? I know there will be the breakout cost to get a new loan...

Hello everyone, My investment property mortgage is fixed for another 4 years. I am considering selling the property, and my bank manager has advised the break out cost to be around about $23,000. My question is this: Is the $23,000 tax deductible or not? Because I am selling and not just...

Hi, I have an IP in a country town in Vic. It is very negatively geared, I need to put in approx $130 per week to cover the mortgage, plus extra for bills etc. I have just lodged an ITVW but am not sure how much cashflow relief that will bring. I now live in QLD, and although the...

Thank you both Lynn and Rob - I needed the encouragement that you both gave that I am doing the right thing keeping the property... Lynn, I am in the process of finding a good mortgage broker in my area, and looking at an IO loan. I am of the belief that with this loan, I will never actually...

Thank you both Lynn and Rob - I needed the encouragement that you both gave that I am doing the right thing keeping the property... Lynn, I am in the process of finding a good mortgage broker in my area, and looking at an IO loan. I am of the belief that with this loan, I will never actually...

Hi all, I'd like some guidance and your opinions on my situation please. My investment property was originally the house that my ex & I purchased and lived in together. When we separated I bought out his share, but this necessatated me having to have a whole new investment loan (I dont...