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Hi All, I was looking at selling 2 properties and using that cash to invest in a much better quality of investment. Question, if I make a profit of about $400,000 but re invest all that into a new property for investment purposes, do I still need to pay CG tax on that $400,000 profit?

Hi, In December I moved into my IP to renovate it. I spent 6 months there (have all receipts) and renovated it myself as I lived and worked in the area. After 6 months, I have now completed the reno and I am leasing it back to tenants. Can I still claim the property as an IP and claim...

Hi, I think I am safe but I wanted to get a confirmation from people on this board. I have a house in QLD I am thinking of making my PPOR. Its been an investment property for 3 and a half years. I am in Sydney and I lived in my own PPOR back in 2007 for 6 months (to get the grant) but since...

Hi All, I was redoing some numbers today and came across some figures that have confused me and was wondering if someone could clear things up for me. The idea, as far as I know, is that negative gearing allows you to go to a lower tax brackets and is used for tax minimization purposes. Here...

Hi All, Real quick. In this environment of falling prices (could be years until capital gains return), is negative gearing still a valid strategy? Ive just refinanced into an offset loan, I have moved 100K into that and now my properties are cashflow positive to the tune of about $80 a...

I must admit I am getting nervous now. House prices look to drop over the next few years, as growth in USA is minimal, europe is going to go into a depression, and china is also slowing. Are we on the edge of the great collapse? I don't know, Ive diversified enough into gold and cash to hedge...

Hi All, I want to add a new bathroom and a new bedroom to my 3 bedda, single bathroom IP. The old garage was made into a room that is not used by the tenants. Its large enough to fit a bathroom and house a 4th bedda. This is my first time, so I have no idea how to proceed. Is there a...

I am looking for a new accountant and I am getting quotes. What is a fair rate for a tax return including 3 properties? I've had quotes from $250 to $850. Just such a difference I am not sure why there's such a gap.

Hi All, All my PPOR are currently in my own name. I need to look at whether I should place my next purchases into trusts to defend myself against litigation and seizure procedures. This is all new to me. Can someone please tell which trust I should look towards creating and how much extra...

Hi, Just a quick one, there was a form one could submit to the ATO to receive one's tax return monthly instead of yearly. It was called something variance or whatnot, can anyone help me out? Also, is there any downside or anything I should be aware of before submitting this form? Thanks

Interesting times. What will the RBA do? Either choice leads to economic hardship. Do they allow inflation to fuel food price increases but try and put a floor under housing or do they exasperbate the fall in house prices but try to curb inflation? Interesting times we live in indeed...

Is there an online or agent service that anyone is aware of that contain listings of repossessed homes?

AS everyone here knows, Ive purchased 3 Ip's in the space of 3 years..and no regrets. I am already cashflow neutral on 2 and slightly negative on my latest purchase, even on these current mid-high interest rates. I have a lot of cash stashed up and was going to buy a 4th, perhaps even a 5th...

http://www.unconventionaleconomist.com/2011/01/planning-gone-mad.html Says it all really.

Hi All, I read this article and it left me cold http://www.debtdeflation.com/blogs/2010/12/23/loan-standards-drop-to-keep-the-bubble-afloat/ St George now have this product on the market. So let me get this straight, we have "no" bubble, yet banks are resorting to these types of...

Hi All, I am wanting to investigate purchasing badly damaged houses (burnt out for example)...how do I go about finding them? Do I go directly to the real estate agents (cause I cant find them on the internet). I am looking to buy cheap, knock them down and rebuild. Any info would be...

Ive been looking at doing a purchase of blocks of units, and was wondering if someone who has done this can advise me. For example, I found a building with 4 / 2 bedroom units in Cammaray and began doing some numbers. As I see it, this is how it turned out (broken into per/month), PURCHASE...

Hi All, Was just doing some fun things with numbers (I've been away 4 awhile) and realized I am paying 20% of income to hold 3 properties. To me, thats a little to high, and so I am in the process of finding ways of suring up that gap with other investment opportunities. Just wanted to get...

I have been searching for 2 months now for a unit, villa, townhouse, or house that will provide me with a positive that I could yield approx. 8% or more. I just cant find it! I need a vehicle property to balance my negatively geared property (I have 3 all marginally neg. geared at the moment)...

Just a curious question...say next Monday you wake up to news that the US dollar loses 15% depreciation overnight and causes massive worldwide panic, whats the impact does that have for the Australia dollar? Can someone highlight the ramification to our AUS dollar and the effect on the...