Recent content by rajorich25

Thank you guys for your precious response- @Alexlee "Also, learn the termimology and the rules. It's tax deductible, noy delectible, and it always worries me when people mention the tax deductible amount and the amount of tax they pay in the same sentence. A deduction of $10 and tax...

Sorry to hijack the thread but does it mean that if i want to buy a new property ,also my first PPOR and claim FHOG ;live there for 4 months in first year then rent it out and shift myself to a lower rent property and i can still sell my first home in first 6 years without paying CGT ? also can...

Hello All, I have been reading posts on this forum and realized most of the people fell stuck after buying first two property as they are unable to produce cash flow to be able to qualify for this IP loan or refinance and ended up waiting their property to have equity developed in it . I...

Any expert help please ....:-(

Thanks Macca, Firstly to receive home owners grant you need to live in property for at least 6 months,CGT has a 6 year rule.- you are correct - but is it needs to be in first year of pruchasing the property or it can be any year in 6 years span. As far as depreciation goes it depends on...

Any help experts .... Basically the answer I am seeking is around these two questions- 1)) in terms to avoid CGT , do we need to live in the place for six months ( for ex) within first year itself or within 6 years of span , any year will work ..? 2)I will get around 35K under first...

HI Paul , you are right , it is capital gain tax. Hi Tobe , You are absolutely correct , but i need to be aware about these info to be better prepare . If i would be knowing answer of these question then i should be able to make informed decision which will result in good deal...

Hi All, Another Novice question for experts. I started my analysis by filtering out areas where i would be looking for a property and I am pretty close to zero it out to three areas on the basis of Property appreciation ,rental yield, safety around suburb etc. Most of the properties are...

I am so sorry guys - you are correct it is CGT not GST :-(

I am so sorry guys - you are correct it is CGT not GST :-(:eek:

Thanks for the response Y-man, Thats a good thread and it seems to use offset account strategy rather then partial Pre-payment. But i think it make sense only if interest rates are not changing much , otherwise its better to pay off through re-payment fastly , does it sounds correct ...

Thanks for the response Terry, EMI - easy monthly installement , the every month money payment which goes to bank. So If i buy a new residential property and sell it later , i will not require to pay any GST ?, i thought stay there for first 6 months to qualify that property as PPOR and then...

Thanks for the quick response Rolf , Can you provide little more detail of pros and cons please , I thought as a loan product , investment or owner property both are same and it doesn't create any difference from bank's perspective . The Idea is to reduce the taxable income at the end of...

Hello Experts, I am a newbie and following this forum since quite time.I am educating my self for buying a IP in coming days, have some questions though. kindly correct me if any of my assumption/belief are wrong- 1) I wanted to take a loan as PPOR , stay there for 6 months then covert it...