Recent content by saskatoon

Do a search on this site, and on the ATO website. I doubt whether your mortgage payments would be deductible since the block of land is not income-producing. Hoping I'm wrong!

I found this an interesting read: http://www.rickotton.com/blog/?p=119 Disclaimer: I have no association with Rick Otton or his business, other than attending one of his seminars years ago and buying a couple of his minor products.

Hi, did you see this thread?: http://www.somersoft.com/forums/showthread.php?t=28036&page=3

Hi btproperty there are several good accountants interested in property investing who contribute to this forum. I won't list them since I might miss someone! Have a search through and see what other forum members think. Your father could also contact a Centrelink Financial Services Officer as...

Carol, we adopted a different strategy. To give our newly married daughter a start we bought a house, approved by the couple, in a family trust. They rent it from the trust at market rate, plus extra on top as a forced saving for their 'deposit'. The extra counts as a loan to the trust, and can...

bump! Any contacts?

Hi can anyone recommend a builder/handyman to repair minor storm damage to a property in North Fitzroy. Involves one or two roofing sheets and gutter externally; ceiling, cornice & tiling inside. Asking on behalf of friends who have advertised, but nobody appears interested in even quoting...

MishMash, if it's not too late I feel that it might be wise if the present tenants don't find out you may be, or are buying, the property :-)

Hi from my experience tinkering with motor cars I know that petrol (and probably white spirits) is a solvent for silicon sealants. Use with care!! Terry

Tails, did you try the 'Search' function? You should get lots of hits.

Hi, I thought that 'dead in the water' was a nautical term - sailing ships etc. No wind and you are becalmed and cannot make progress. Terry (whoops, just reread Always Learning's post!)

active74, your mum can make an appointment with a Financial Information Service officer at Centrelink at no charge to receive information about pension entitlements and what she can do to qualify. This can be done as well as paying for advice from qualified professionals.

Hi Natedog, the theory seems correct. However, since you won't be living in either of the properties any rent (or other mortgage payments) for your new residence won't be deductable. Great if you can live with rellies cheaply or for free! Terry

Mrs Bird, our reverse cycle a/c system has dampers fitted to the ducts so that air can be controlled to specific parts of the house. If these dampers are switched off, or burn out like ours have, then they remain closed. In this case, everything appears to work fine, but no air can be blown...

Cam, insurance companies have tables for each State which give approx. cost per sq. metre for different types of construction for insurance valuation. These may well be accurate enough. Terry