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I was just plugging some numbers into ato calculators. It would seem that a split income family is much better off in terms of nett income. Family 1 Partner 1 - $120000 base Tax=$32167 Nett=$87833 Partner 2 - Stay at home (2kids) Family 2 Partner 1 - $60000 base Tax=$11000 Nett...

Should the governent do away with excessive taxes and duties on property transactions and new developments? And instead charge a smaller tax across the board on all properties? It seems counter intuitive the way that most taxes are pushed to new developments or transactions. If there is a...

Older type complex of 18 units, not main road. Very close to bus and train. Inexpensive strata with no outstanding issues. Two bedder, garage, internal laundry, good condition but not recently renovated. Why? Had it for a long long time... Maybe time to take the capital gain, as no...

I have verbal offer on a house, which has been accepted. Now i am looking at the title search supplied in the contract. There is quite a large drainange easment on the property, which i guess explains the location of the house. It unusual in that the house is at the back corner of the...

I made an offer on a house (PPOR) on saturday, i was amazed on the number of people walking through on the open for inspection, asking price was $512,000 in south west sydney. I offered $490,000, the property sold for full asking price 4 hours later. It sold to a first home buyer, and most...

With an investment mortgage that has excess funds through extra repayments. Can ask them to take the repayments from the surplus funds for a period of time? What is this called?

What would you do? If property was to fall 20% in over the next year versus remaining flat. How would your strategy be different? I am quite conservative, so not very highly leveraged, with interest rates dropping and rents rising wouldnt change a thing at the moment. Although might delay...

Are there residential insurers that still provide full cover on a tenant that stays on after the intial six month lease? (Without actually signing a new lease) I want to keep my options open for rent increases and/or selling....

A friend is doing his own tax return the only thing they need to fix up is the franking credits from a small amount of shares. How do you add in franking credits into a simple PAYG tax return? They are within the 30% bracket for 2007/2008.

I had a tenant who complained about the occasional wasp in the apartment, which was a little strange as there was flyscreens on every window. Anway, we got the maintenance guy to check the eaves, window sill etc but he didnt find anything. Also told PM to ask the tenant to double check that...

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Should there be a "For sale" section here? :D

I have noticed in the paper a lot more auctions seem to get passed in during the week than on the weekends... Why would a vendor organise for midweek auctions? It would be difficult for me to get to a midweek auction with work.

In sydney for example, does everyone agree that we don't have an oversupply of housing? Now say that you believe that property prices are set to fall dramatically.... but in a situation where we dont have an oversupply isnt the most that prices can fall governed by what it costs to build a...

Is there any point to claiming depreciation on this investment property. 2 bedroom apartment in Dulwich hill, Sydney, pretty sure it was built before 1985. Bought: 2003 Renovated by previous owner in 2002. - new carpets - completely new bathroom, - new paint, blinds, power points...

I have seen this mentioned a few times these forums, i understand what it means but where are they? Can someone show me an example of a positive cashflowed property that is currently available... assuming 20% cash is invested.

Can you stay on an IO loan indefinitely? Or do lenders only give you a specified period? This is for an investment property.

Now that interest rates have stopped rising i am thinking of selling an IP unit (loan has been paid off). I am going to use the proceeds to put towards a new PPOR purchase. I can either sell with the current tenant (lease period has expired), as is or give them notice and spend some money to...

I have an IP, that every month or so i would deposit spare cash (from my salary) above the normal repayments. Is there anyway i can access the extra money for personal use like a PPOR deposit? (Without selling the IP!) The accountant says no, but this just doesnt sound fair! I know now i...

Just found this forum, and read some threads, sounds like wise people around here :) I will give you my situation, and would love to hear any suggestions what direction people would take... I am at a crossroads of what do do next, too many choices :D Current situation; ....deleted ;p...