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  1. M

    Live in Backyard Bungalow, Lease House

    Hi, Quick question. Is it possible to lease a house, and live in backyard bungalow? What are the possible pros and cons? Is that type of leasing option even possible? Cheers,
  2. M

    Property Settlement Delays

    Hi What should I do if the seller or the seller's bank is postponing the settlement date. They need extension time to settle because they could not get their act together with organising title etc. They had 2 months to get ready. Are they liable for any penalties?
  3. M

    Newcomb Geelong

    What are you thoughts about Newcomb suburb? Potential for growth? It's close to the water and to Geelong, so should be an advantage, I hope...
  4. M

    Driving to search for IP?

    You are right. I gound this ATO link
  5. M

    Driving to search for IP?

    Hi All, Quick question: Is driving around to search for IP property, tax deductable and upto 5,000 km can be claimed without receipts? What happens when you don't end up buying IP, can you still deduct? Cheers,
  6. M

    Rent or Share

    The cat issue can be easily solved with 'no pets' clause in the contract. No 'nappy changing' I guess could be added too. But let's get back to the subject. Would the banks be ok with using the property as IP and only paying home owner interest rates? I am assuming home owner and...
  7. M

    Rent or Share

    Hi, If I rent out my PPOR (3BR), can I convert the loan to IP and use it for negative gearing? I am then intending to rent something smaller for myself for 1/3 of a price what my current repayments are. Or is it better to share 2BR out? Would that work? Cheers,
  8. M

    MEadow Heights

    Not a bad suburb between Roxburgh Park and Broadmeadws. Has improved a lot. Has few good things going for it. - Newly built train station with carpark for 400 vehicles. - primary school that is being redeveloped - It's only 19km from CBD - Quite good size blocks of land on average...
  9. M

    15-25km from Melbourne

    I am not really sure about that, but I am starting to see more corner blocks subdivided. One double storey house is being build on my street on subdivided corner block.
  10. M

    15-25km from Melbourne

    What about Meadow Heights? The blocks are 600m2 on average and the area will have its own brand new train station (in few months hopefully). The median price is still in $350k. Then again I live here and it feels as safe as Brunswick, probably even safer.
  11. M

    Building Garage with an Apartment Studio

    I live in Northern part of melbourne. More precisely Meadow Heights. I was thinking about building double garage and a small apartment at the top. I was quoted $100k. If I decided to sell the house, would this sort of construction add the same $100k value to the overall property price? My...