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    What does your accountant do for you?

    Yes this is why I mostly need one as well but so far I have only hired an accountant in my purchasing years, so I feel like I can't just drop them an email question unless I continue to hire them every year. A few of you have said you are paying for them to ensure the right numbers go into...
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    What does your accountant do for you?

    So do you charge a set amount, plus additional per property? Or do you charge per/hr of time it takes you? You obviously get a mix of people who do as I do and give you it all in spreadsheet form and also others who just hand you all their paperwork? Do you charge differently for this? I...
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    What does your accountant do for you?

    Over the years I have mostly hired an accountant in the year that we purchased a property and in the years we haven't I've done it myself. The accountants I have hired didn't seem to do anything I couldn't. The thing I am wondering is, I do all the leg work, I type up a spreadsheet for all...
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    Why would you invest in Newcastle over Ipswich?

    Well those chumps are often the 'gurus' of property investment and hold many seminars, write books and articles, they always refer to looking at past growth, particularly over 10 years as indicator of future growth. I would think you were extremely negligent not to look at past growth. 6%...
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    Why would you invest in Newcastle over Ipswich?

    So most people buy for capital growth or rental yields and some us buy for a mix of both. When comparing cities, the average annual growth is often referred to as an indicator of future growth. When you look at Newcastle suburbs, barely any make more than 6% average annual growth, while...
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    Are you taken seriously or are you ignored?

    Yeah this. I get handed the rental sheets a bit. I go dressed casual, often have my rug rats with me. I think assumptions are possibly made but once they speak to me, they quickly see otherwise :p
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    Living in IP to cut CGT?

    We are wanting to buy a home as a stepping stone. So we will be buying to move in straight away, however we will not stay in it. It will become an IP after 12mths. So is you live in it as a PPOR for 12mths, then rent it out for the further 9+ years and we go to another PPOR. Does that make...
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    Living in IP to cut CGT?

    Yes it would be our PPOR. I'm just wondering if it needs to be at the beginning of the purchase or if it can be yr 7 out of the 10 and not make any difference.
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    Living in IP to cut CGT?

    If you buy an investment property with the aim of selling it after 10 years, does it matter which year you live in it to cut CGT? I have it in my head that it needs to be at least the first 12mths? Can anyone explain this to me, TIA.
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    Advise Please on selling non performing property

    80% vacancies? OMGosh, why is that? Rocky is not like that at all. It's the opposite.
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    Can I live off renovating?

    Haha obviously a one hit wonder but I've appreciated the info :-)
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    Property Renovation business

    So does the expenses include all costs associated with renovating the property, plus interest and holding costs? Then also adding in your time and giving yourself a wage? So essentially you could make it look as though you made no profit and therefore pay no tax?
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    Becoming a Buyers Agent?

    How on earth do you charge?
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    Becoming a Buyers Agent?

    I'm just wondering for the buyers agents out there, is most of your work from property investors who need local knowledge? What about home buyers who are moving into new areas and need help locating an appropriate suburb for their needs. I'm just wondering who your clients mostly are?
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    Quitting work to hang out at home?

    Ting tong they sit on their bum at home because they haven't calculated the move to stay home and so can't afford to 'see the world'. That's why I started the thread. I'm astounded people give up work or their income when they are needing savings or redraw to do it. Obviously as others have...
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    Travellers Looking for Regional Work

    Sorry don't have the web address but the Work About Australia may be helpful too.
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    Quitting work to hang out at home?

    That sounds great AD. Good for you. I am sort of having time out from paid work, I've been a SAHM for several years now and while I'm busy with children, the break from the workforce has been amazing. Most of the investing has happened in this time. Though if my partner wanted to take a GAP year...
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    Qld Granny Flat

    The woman from council seemed to think it would be totally fine. But 'totally fine' is too vague for me to borrow a few hundred thousand on. There are loads of people living in unapproved sheds on blocks of land out the back of Gympie, so maybe vague is just fine for Gympie Regional Council.
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    Quitting work to hang out at home?

    Geesh Y man, now that's what I call a calculated break. You don't want to take it yet? We are planning a year off to travel Aust, but I won't let it set us back, that's for sure.
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    Quitting work to hang out at home?

    Yes they have told me money is coming from govt/redraw/savings. That's the thing they are going bckwards financially but have decided to take a break, recharge like oc1 mentioned. This is how I see it, as a risk to take a gap year. To me by taking a year off, when not set up properly, they...
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