Recent content by Spotted dog

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    Claiming purchase costs for IP?

    Thanks, and pardon my ignorance, but what's LOE?
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    Claiming purchase costs for IP?

    Cheers, I've just confirmed my own qn?! The ATO has a number of guides on its website. You cannot claim purchase or disposal costs in its subsequent tax income years but you can include them when you sell as a loss as part of the CGT calculations. From how I read it, if you spend $15K to buy...
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    Claiming purchase costs for IP?

    My understanding is that all trip expenses can be claimed for the purpose of obtaining the IP.
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    Claiming purchase costs for IP?

    A quicky for the experts guys: Can you claim any of the purchase costs involved when you first buy your IP? Ie. when buying any property it usually costs about 6% (if you need mortgage insurance) and is made up of stamp duty, legals, conveyancing, etc, etc. Can we claim any of these?
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    Villa versus units/apartments

    A quick question: my initial understanding was that if a villa is advertised for the 55 and overs, you need to be that age to qualify to buy it. I feel that in my naivety this is quite untrue. Am I correct in saying anyone can buy these but only people aged 55 and over can live in it? Ie. rent...
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    Anyone got successful IPs in Penrith, NSW?

    My shortlist for our first IP currently includes Penrith. I can get a 3br house for $250K rather than a 1-2br unit for the same price elsewhere in Sydney (not too many choices though). I'm veering towards the middle, ie. reasonable rental return and medium capital growth, to limit the monthly...
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    Investment decisions?

    If all you had was the equity in your home (say 50%) and it was worth about $350K in a slowish market (Sydney middle suburbs), and you had a little redraw of around $30K for a rainy day which would be better: 1 - stay put, pay off as much as possible on remaining loan and be happy with that...
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    Buying in Ashfield?

    Does anyone have any comments on purchasing a unit IP in Ashfield (Sydney postcode 2131) in the $250-300K range?
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    Where to invest

    Doh, silly me. Can you pick the novice investor? We're planning to get a unit. I have a fair idea where I can afford (using all available free websites like domain, etc.) The main reason for posting the question is I'm uncertain if parra and surrounds is the best one to choose from in my price...
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    Where to invest

    I live in Sydney, I have up to $250K for an IP. Where to invest? I'm thinking North Parra, Parra or Westmead. Any thoughts?
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