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Callum Thanks. I gave my accountant all the spredsheets for IPs and also all the shares transactions, dividends etc in spredsheets as well. I use the software Topshare which also calculates CGT. Even with all these my accountant says that he spent 26 hrs and has charged me hefty $2400. He works...

Thanks Ana for this useful info. Appreciate all your responses Viphar

Market here is not bad compared to other parts of Australia. This suburb is good as there is great potentail in future. Also not too many properties for sale in this suburb. Viphar

Thanks. No the premium factor has not been factored in as I have also had an offer from a cash buyer which I might consider if the price is right.

As the contract has been signed with 50% deposit, he loses that deposit so it is in his best interest to buy my IP. Viphar

Sorry typo error. It should read 50% now and 50% after 6 months. Thanks Viphar

I have an IP for sale and have been offered the price that I am happy about. The only catch is that the buyer will pay 50% deposit now which sits in Trust A/C with no interest and 50% after 6 months. The only advantage I have is that I still get the rent for that 6 months. The reason he wants to...

Can anyone recommend an IP focused reasonable accountant in Canberra. I have 3 IPs and few shares. I keep all the records including share transactions and dividends which I hand them over to an accountant. I recently changed my accountant and was charged a hefty $2300. Is this reasonable fee? He...

Hi Butterchops Can you pls send me your E Mail as I want to send a private message. Viphar

Toni Thanks. I have also 2. One @ 6.84 till 2011 and the other @ 6.64 till 2010. The IP I am selling is sure to sell as it is in a good location. I had a meeting with the bank and as there is no penalty at this stage, I have decided to switch over to variable. The worst that can happen is to...

Thanks Silversands. Much appreciated. I had a meeting with the bank and have decided to break the fixed term without any penalty. I have come to this decision as the IP is in good location and is sure to sell at a price I want. Thanks Viphar

I have a fixed interest term loan of 6.64% expiring in 2010. As all the banks are now lowering their fixed interest term eg 6.99% with 1 year term and the prediction is that there are further cuts to come - is it right time to switch now to variable rate as I have put my property on the market...

First Home Saver Accounts On 4 February 2008, the Government confirmed its 2007 federal election commitment to establish First Home Saver Accounts to assist Australians aged 18 and over to save for their first home. First Home Saver Accounts are the first of their kind in Australia and will...

Term Deposit Hi Jingo Westpac is currently offering 8% for 5 years fixed term. This will suit you if your fixed home loan has 5 years to go. They also offer other terms as well. With subprime loan crisis in US I will be more comfortable with Westpac than BankWest Good Luck Viphar

Can someone pls post or help to find an excel worksheet which list all the income and expenses of an IP including the IP details like interest rate, purchase price etc etc. Thanks viphar

LM Hi. I am a premium customer of CBA and have successfully negotiated a cut of 0.36 from current varable rate. no point fixing at this time as the rates are going to come down. Today NZ cut rates by 0.5%. Also try HSBC - the are offering 3 fixed at 7.99% Good Luck VH