Recent content by RE rocks

Hi there, THanks for your input I havent claimed my recurrent costs above for last 3 years as I am residing in Singapore and not a permanent resident for tax purposes. ( Still hold a Aus passport) So i lodge taxes ever year but never get a cent back as my income in AUs is zero...

Depreciation How is depreciation claimed added/removed from the CGT calculation. I have not claimed any for last 3 years given I live overseas. I'd really appreciate if all you experts can view my spreadsheet and share your thoughts/opinions. How is the CGT calculated of my income in AUD...

Thanks for your response. it'll be great if you could give some feedback on the spreadsheet attached. i feel i've missed something and just need some opinion. Thanks in advance

IP Analysis Any help on this is very much appreciated. I am struggling to understand what to set as a reserve price. Many Thanks Manish

All subject matter experts, I have put together a spreadsheet to do some analysis as I consider selling my house in a month or so. I have put together some numbers and want to get your opinion on things i havent considered. Also i have never sold a property before, so want to get your...

Hi "RE rocks, I had a property purchased in November 08. It was a rental. I advertised it with a REA. It effectively didn't have a kitchen, it was very basic (deceased estate). I decided to renovate in late January, early February 2009. I completed the reno and it was rented in November...

But if the house was an investment prior to demolishing and after completion, does that not prove it to be an IP. In a nut shell, if you were to knockdown an IP and rebuild and rent it again, it still remains an IP.

TO explain this better, lets take this scenario PPOR bought in 2009 - Rented out to family member in Feb 2011 ( monthly basis) for 2 months. ( PPOR to IP) Get valuations done, Convenacyor reports, rental appraisal, hand-wrriten reciepts ( Cash) In a nut shell prove it to be an IP Knock...

If I advertise it for rent prior to knocking it down, will that make it an IP and hence everything becomes deductible. I can demonstrate with the real estate ads and my intention to rent. Coz its a run down house, i could convince them to A TO and say that it didnt attract tenants and i...

All, I would like to get your opinions on this. I am currently in the process of knocking down my PPOR. Me and my wife are planning to rent whilst the construction and may be rent for a bit longer. Lets say the PPOR is completed in Dec 11 and we rent it out.i.e convert PPOR into IP...

Toony Appreciate you sharing ur circumstances. But at the moment I am really unsure whats lifestyle would townhouse give as oppose to a house on a full block of land. Yes I know it'll increase my mortgage but i guess I'm still not over-capitalising if i build a new house

The house structure has underpinning issues. We cannot slide the house as if & when we plan to build townhouses, it'll be side-by-side. The dimensions of the land are 15.5 X 38.5. Can you suggest another option ;->

Me and my wife are confused whether to Build a house now or 2 townhouses.

Hi Player I have highlighted my responses to your questions. I really appreciate your detailed response. My responses in RED Current Situation: PPOR:Loan $$415K Value: $540K (Land component $499K) Loan Type: Principal & Interest Description: It's a run-down house on a 600sq m land...

Thanks for your response. At this stage, i'm very unsure as to what i would like to achieve out of this. The key thing I'm looking at is to understand what is best for me Financially keeping my emotions aside.