Recent content by lup15

Congrats on your first property, I hope to be in the same boat in a few months. The question about vacancy rates really depends on the area and your target market. For example, currently South Brisbane and West End area is having a huge amount of high density residential complexes going up...

this is an interesting point which I didn't consider previously. I'm thinking very similar lines to the OP where I will be getting a PPOR first with a n IO loan + offset a/c. The PPOR will be converted to IP in a few years. So, if I have serviceability to 900k but only need 350k, the bank...

purely my opinion with no experience to back it up but I do not think it would be worth the effort and money to remove that wall in the laundry. You would need to remake a bathroom again somewhere else which is probably the most expensive area to remake

no, still the crappy, derelict empty wasted space :(

just bumping an old thread, I was also curious as to the unit values if these apartments go up? I believe that long term, the value of the area will increase but only if the area is revitalised successfully to the equivalent of bulimba. However, short term values may decrease due to the...

robboat that's a very good overview of what's required do you think that things like this can be DIY? I've seen machines that hoist the plasterboard up, do you know if they available for hire?

Firstly, I'm in the same boat you as you magic, in that I'm planning to buy my first property but also planning ahead for the next one and so on. So my first hand experience is quite limited. The main issue I see with your plan, is that it is relying on capital growth and rent increases...

I have a copy of a letter BCC sent my parents regarding rooming accomodation. There are some ridiculous requirements such as must have a bathtub (not just shower), oven, etc. It even goes into detail how much wardrobe space each person needs as a minimum! Basically, this is to cover a share...

ouch, poor lady. Hope she comes out ahead at least if the only option is to sell. thanks for sharing Terry. Although it was another person's misfortune, we can all learn from it. I will be in the same boat as the OP in that I plan to buy a PPOR but turn into an IP later down the track. I...

So after the IO period is over, do people normally refinance to go on another IO period?

Good mentality Patrick If this was just a small oversight by the PM then hopefully they too will also learn from this experience. This way, you both can foster a good relationship which will be the best for all parties involved.

I'd keep the fireplace if its still functioning. It's definitely a nice character builder. See my version of the floorplan. I tried not to move any plumbing as that generally gets expensive. Did not consider any load bearing structures. You may need to keep a support there but knock out the...

I'm probably going to be in the same boat as you next year. I think tiling should be within a beginners domain. You would definately want to read up on waterproofing etc. I've replaced taps to mixer taps and toilet cisterns before. Wasn't that difficult, but I wouldn't want to be doing the...

wow. you'd think that's why you pay someone to deal with this stuff. guess pay someone knowledgeable is the message :p

How CGT is calculated for sale of shares is explained in this ATO publication - Part B https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/ind39805n41520614.pdf From there, you would need to see what your overall net gain/loss is based on the performance of your IP and shares