Recent content by x452

Thanks alexlee. Are any of these costs deductible at asset/loan disposal?

Does anyone have any experience with this? I'll discuss with my accountant but I'm keen to know if anyone has been able to deduct 'borrowing expenses' like trust setup costs, buyers agent fees and stamp duty over 5 years? See...

"Code 135 Residential Tenancy Agreement" states: 20. Smoke Detectors 20.1 The tenant must conduct regular checks to ensure smoke detectors are in proper working order. If the landlord, the agent, or their contractors provide information to the tenant about how to conduct a check. (Note...

All of the above Julie but I was just info gathering. As I just bought the IP and it has been rented out for 12 months I will put any reno's on hold until either necessary or prior to sale. Thanks for your offer to help though!

Great thanks to you both. Yes I was thinking around $20k to outsource it all as I am DIY challenged so your estimates neK sound reasonable to me.

Hi, What would be a ballpark figure to renovate/replace the kitchen, bathroom and paint a medium size apartment in Melbourne's inner north? It's a 1970's apartment with everything original and never updated, although it's still functional and currently rented. Thanks!

That sounds like a decent price can you share the name of the company or sparky that you use and in what area? I've got quotes from $99-$130 excluding parts.

The aim was to try and generate some income (TD) while reducing my tax using a low-complex strategy (eg. not having to purchase another IP).

Ah yes thanks, makes it not worthwhile.

Hi All, Just looking for some confirmation/advice from here for an idea I have before I run it by my accountant. Currently I own an IP with my sister valued at approx $400K, so my share is $200K. The IP is paid off so positively geared. The property was transferred to us by our parents...

Thanks for the advice Francesco, Spiderman & Ocean Architect, makes sense. I will put the student apartment realestate pages down and walk away :)

Thought I might give this dead horse one last flogging, so here goes. Consider my two investment property options: 1. Brand New 1BR Student Apartment in North Melbourne Pros: - Cheap @ $160,000 - Good rental yield @ $260-$280 per week (8% yield) - Easy to rent to students - Low...

My bank was kind enough to give me Australian Property Monitors (APM) valuations on the two properties, the results were: Glenroy 3BR @ $370K, Valuation = $295K-$340K Broady 2BR @ $300K, Valuation = $280K-$325K So APM is telling be the Glenroy property is overpriced ... is that how I...

I would think so.

If you look at Glenroy's more inner city neighbours, Oak Park and Pascoe Vale, newish 2-3BR units/townhouses are going for low-mid 400's! eg: http://www.domain.com.au/Property/For-Sale/Apartment/VIC/Pascoe-Vale/?adid=2008647392 Yes but what if they've now peaked in the high 300's and low...