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Awesome, thanks

Thanks I may do that. I did wonder if the completion of most house repairs would trigger a sell off but I am more interested in finding the right place to live rather than timing the market too carefully. I am looking more at lifestyle blocks which probably have a slightly different market.

I am planning to move from Perth to the Christchurch area (Canterbury) in a couple of years but want to buy a place now and possibly rent it until then. Can anyone recommend an accountant either in Perth or Christchurch who understands the Aus/NZ investment tax issues? And then I am...

I just called them and asked for 2 reports and after a couple of minor questions about 'did I need finance' the reports arrived in my email 5 mins later :)

Thanks! :)

I have an investment loan on an IP and a line of credit that is used to pay the interest bill and any rental expenses. The rent goes into my normal account and I top up the LOC as required - to cover the interest etc. The LOC is never used for non-investment/ deductable purposes! I heard...

I have a self managed rental in Perth, with tennants who have looked after my place quite well for the past 4 years and always paid on time. They called today to say this months rent is due but they can't pay. They assure me they will catch up next month. I know the process for termination...

What would you consider to be a good price in kelmscott - for a house with development potential? I had wondered about subdevelopment as an option but a bit put off by the logistics having been through the building process before (although I could do it if I put my mind to it).

It's been 2 years since I bought my first IP and my wife is pestering me to buy another. One idea we are toying with is to go with a house and land package in Armadale (WA) where the build price is around $300,000 and includes a furniture package. Location to transport etc seems ok and 4x2...

I have built a few sound proof(ish) rooms. These may be a bit over the top though! Think of sound like heat because they respond to the same treatment (although a little differently). :rolleyes: So cheap to not so cheap... 1- Trapped air is a great start so curtains and carpets will...

Is that why they were honking :D

I drive east through the tunnel at 5.30pm and pity the cars heading west - then you have the car park on the narrows. No thanks!

A search of Atwell and surrounds for available rentals brings up a lot of hits. How do you assess strong rental demand?

I'm not SA but suggest you look behind a hot deal. I suggest questions such as; how long has this product been on sale in Australia, does the mfr have a local office, how does the warranty work (panels loose efficiency over time), do they meet an Aus standard, what price for my REC's, ...

So i have been using replacement costs as a guide in Mandurah - obviously I am looking in places where there is still development happening. Is that the right way to think? And if I see a place below replacement ..... I did wonder about building an IP (not specifically in Mandurah) but that...

I found a tennant no problem, but they work local. Must be fastest growing for some reason? But agree the prices are all over the place.

I've been reading threads for a while now and this one should get an award - I have learnt heaps in this conversation! Thanks guys I bought my first IP ( a 4x3 DLUG) in Mandurah last year, mainly because the vendor dropped the price by 50k which brought it back to a reasonable price - not...

I see the budget has this statement about tax benefits if a rental is let at below market rates (I assume to someone on a low income). But don't understand what it means, how it is supposed to work - like is it only for new places. Anybody have an understanding/thoughts on this?

That was just one of the options - I think because some lenders don't like an odd split like 99/1 (which is what I decided on). And the salary sac option means you can split any way you like but all the costs go to the income you choose but the capital gain is allocated according to the split...

I checked with my HR section and they offer the salary sacrifice option! I pay all the expenses as a salary deduction no matter what the % of ownership is - meaning the IP can be 50/50 or 1/99 and I still get the tax benefit of all the costs. Only down side can see is if I move to another...