Recent content by LeeJ

Hm...don't think so. The link talks about a May event. My wife saw a news story on a 8th. June (ish) event.

My wife saw a TV news item in the later part of this week (about thu/fri 9/10 June 2011) that reported on a property seminar with 5 'property gurus' which was held somewhere in South East Qld. She cannot remember where/what/who etc. The majority of them were very negative on the future of...

Ta - understood. But initially interested in what LVR banks offer.

Curently paying $17k PA on 40 sq.m. office space for my business. Been there 8 yrs. Thinking of purchasing about same size in big Melb CBD/St Kilda Rd building for approx $200k. You know the type. Lots of offices on same floor/common kitchenette/common gym and shower/ boardroom by the hour/ food...

Seems a lot hinges around the BAS. Um... what is the big deal about exaggerating some $s on the one you give the bank? Just be damn sure you don't default on the repayments and I do not see a problem. Pleeeeease - before you all come down hard on me with "that's illegal..." - well it's...

Gee..13 posts in 1 day and all of a sudden it's all quiet. Strange! :D

I just LOVE Somersoft forums. Was cruising here just before bed and discovered that at 57 I won't be too old to borrow for a few economic cycles yet. Goodnight all.

I do understand how OSR can *prove* you are renting it out. I was not asking that - sorry for ambiguity. My main thrust I guess is "how/what/who/why might *trigger* a 'please explain' notice from them". eg data matching from ATO when expenses claim put in with tax return. Does anyone...

Hi Simon, I am talking about Stamp Duty on IP vs PPOR, not FHOG.

Thinking of buying a long term IP in QLD as a PPOR to save many $s in Stamp Duty and staying there for say 3 to 6 months then renting. How does a state Govt. find out if income has been earned on a property?

Thanks very muchly

For IP renovation borrow say $50k, pay say $4000 pa interest, is the $4k an expense?

Ah I googled "Carly Crutchfileld" and nothing came up so I though it was an in joke. I see it's misspelt - but a name like Carly Crutchfield must be a joke anyway :) - must be a Spike Milligan creation from the Goons show surely.

OK I'll bite. Who is Carly Crutchfileld.

Yes exactly - control of asset plus time is absolutely everything. Thanks all.