Our 4yo is about to have a b'day party. We are thinking having it at a park.
Could anyone suggest a park on the lower northshore (NSW) area that has kids playing area (swing & slide a must) and access to toilets.
forgetting the period when you use 80% of 1st IP to buy PPOR.
if you turn PPOR to IP then yes you can claim tax deduction.
the thing is even if you claim tax deductions (ignoring tax bracket i.e. whether it's worth it or not), you only get the deduction back once a year. that won't help...
if you are struggling to make repayments then does that means you have tight cashflow?
assuming that's true then turning your PPOR into IP and rent will only make sense if end of month the rental income - expenses (interest + outgoing rent) is within your cashflow. otherwise wouldn't you...