Recent content by shail

I paid around 400 last year with one IP rest is very simple. I personally think its too high.

What do you guys mean by "property-savy" accountant? I used to do my own returns untill year before and after suggestions from the members here, last year I used strategic wealth guys. I have one Ip and going for second this year. I did not get any value from them in terms of tax returns...

My optus contract is coming to end and am thinking about buying an galaxy s2 on vodafone plan. was wondering if vodafone(vodafail as some called it) has good signal strength in hills area. I am also planning to move to castle hills in next 6 months. What is the best carrier you find so far in...

I have done this calculation in (C) Agree. i was only using that as an example.

what are the things you consider when you check if the sell has made you a profit or loss? e.g. (PPOR sell after 2 years, following are hypothetical figures if they dont make sense pls ignore) Property cost - 290k other costs - 10k purchase cost - 300k sell - 420k agent fees - 10k other...

cheers. I will get the full landlords policy. will have some updates on what is covered after I discuss with the insurers

Not sure if I am lucky enough. The plumbing work has already started, I will be taking the insurance today, dont know if there is going to be any cooling off period. thanks for the tips on insurers

Dont be so quick in praising me:(. I do not have landlords insurance. thinking exactly as you described. when last time strata told me about paint is not covered, I started looking for the landlord insurance.that time, insurance was more than the cost of painting. so didnt go with the insurance...

Thanks. its more clearer to me now. What about painting on the repaired wall? there was some electrical fault in the unit above and so strata contractors had to take few things out from the wall wooden brackets. they fixed everything and put the new wood bracket but didnt paint it. srata told...

I have an investment property. Strata called plumbers to fix a leakage problem in my unit, for which plumbers has digged a hole in the wall and will do further repairs. My question is what is strata liable for and what is covered in landlord insurance? 1. make the wall same like before (close...

Thats very droll!

Thanks. wondering then, why anyone wants to use the equity to buy a liability and not an asset?

how do you do this? can you still claim interest on this for tax purpose?

information on Australian Property Bubble http://en.wikipedia.org/wiki/Australian_property_bubble

What is the definition of 'relatives' for ATO? do they consider only close relatives? son,daughter,brother,sister,parents? or is your aunt's sisters son's brother in law is your relative? or the tony windsor is related to his labor cousine?