Recent content by Ogre

Thanks for your advice and opinions everyone, to answer some of the questions :) In the short term week to week we would be better of selling. It is close to cash flow neutral at the moment with interest rates so low 1. Could be an option, I may need to look further into this - thanks :)...

Hello Hoping someone has been in a similar situation and can shed some light on the best option. My wife and myself bought an investment property around 4 years ago for $320k and is now worth around $400k. We are planning on having kids next year so ideally I want to sell the place before we...

From the information I got in here in Perth you still have the final say in who the tenant is, people who fall within the income bracket which these scheme is availble to need to apply just like any other rental, and it is up to the landlord to decide on the tenant and length of contract. Once...

Same deal, I spoke to Niche and was looking into their development in Ballajura (for those not in Perth - is an older suburb of houses in the 20+ yr old range generally). They wanted I think 409 for a 3x1 on a tiny block or 429 for a 3x2 with a loft. In comparison spending about the same money...

From a proppective tenants point of view - basically in a short, you have to earn under a certain limit (I believe around 41K) to be able to qualify to rent a NRAS house. You are eligible to keep renting this house until you hit a certain income bracket (I think around 50k). I believe once you...

Thanks so much for your help, I had emailed the ATO but I just got a scripted answer which didnt really answer my question. I would not be delaying it for any period of time, the construction would almost be instant (providing titles available etc) I was just concerned about having to cover the...

Thanks Pushka But for example if you buy the land and a tenant isn't in there until the next financial year, would you then not be able to claim the tax, or pay back what you have done on the Income variation? Or is this an exception for paying less tax? To be able to get the timing right of...

But do you only get that back at the end of the financial year? Or can you do a tax variation on your income so you get immediate tax benefits?

I have been looking around the past couple of months and have found some blocks at quite reasonable prices and was thinking to possibly build and then rent out. I have tried searching around but can't get a definitive answer... basically my question is, while you are paying off the interest...

Interesting... I locked in a 5yr fixed loan with St George just on 4 years ago, I enquired about getting out from it about 3-4months ago and was told around 9500, the interest i would of saved in the year and a bit would of been around 5500 so it wasn't worth it. Interesting if this fee has...

Hi all Nice to find this forum, my partner and I are looking into getting an IP as we have built up a fair bit of equity in our main residence. We have looked at many options such as house and land packages and buying land and building an IP. Some of my questions were answered here about the...