Search results

Thanks Paul@PFI, for the clarification. Property was bought after May 1997, so both depreciation items would have to be adjusted against the purchase price for CGT then.

Thanks, coastymike, for the reply. Am a bit thick here, about the terminology. But, do you mean that both depreciation items (depreciable plant & equipment and building / capital works) will have to be subtracted from the purchase / cost base?

I have a similar / related question on this topic - CGT and depreciation. Have just sold an IP. I understand that the CGT = sale price - adjusted cost base. Depreciation has been claimed as tax deductible expense over the years. So, depreciation must be subtracted from cost base for CGT...

Thanks, Scott, for your suggestions. Hubby decided that we will tell buyers to sign a rental / lease agreement (like you suggested) with a nominal amount of rent - with us agreeing for them to put in new flooring, but we want indemnity and evidence of insurance (not just cover note). But, if...

Thanks, Peter, for your views. I have done a bit more research on this question, and found some mixed views. Some sellers would only allow limited access to measure & quote (but not to move things in or make modifications). Some would allow possession before settlement with certain terms &...

We have sold one of our investment properties. The contract was exchanged this week for settlement in mid-December. The buyers (via their solicitor) have asked if they could access the house to mow the lawns, store their things in the house, and put in new floor covering. What should we do as...

Thanks, Russell. I will send you a PM shortly.

Thanks, Propertunity, for your offer. I have sent you a PM with the house address.

Thanks, Sez and Crystalclear, for your views. Really appreciated your thoughts, Sez. I have been struggled with how to deal with the situation best, and your reply helped me. I will contact Russell Peter.

I am on the verge of deciding on changing PM in Brisbane area. I got a new PM last year (a large chain) and have been very disappointed at the ways they have managed our property. Since I am far away and cannot fly to Brisbane to interview potential PM, so I have been looking at the...

I will be selling a house in the Maitland area NSW. Since I am a non-resident for tax purposes, I need to get a couple of market valuations for the property as at 8th May 2012 (when the Budget removed discount on CGT for non-residents). Should I just get a few RE agents (including the selling...

A security deposit is the rental bond which a tenant has to pay when signing the lease agreement to rent a property. It is normally equivalent to 4 weeks rent or a calendar months rent. The money pays to the real estate agent who then pays it into a government authority. At the end of the...

Thanks, guys. I got the message!

Long time no posting! I need help with choosing between 2 property managers in Melbourne. Current property agent is a large RE, but I have not been happy with their services. So, I am looking to change agent - been thinking of going with a non-chain RE company. These 2 companies are on my...

Thanks, Tim86 and JT7. Just want a perspective. Have an IP which has been vacant for a while - just had things done to spruce it up (eg painting and carpet etc). So, thought maybe it is time to sell as there is no tenant and property is looking fresh and good. Also, wanting to change agent...

If Brisbane market is heating up, then is it time for me to sell?

I am a landlord in Australia, but currently a tenant in the UK. Yes, I have to pay council taxes in the UK as tenant (almost ?2,000 a year!) - in addition to the usual electricity, gas and water (yes, for both water charges and usage). And, I pay council taxes in Australia as a landlord. So...

Thanks, Scott. We have dropped the rent. I fully understand what you said. We may have to drop the rent again this week and see.

Thanks, Andrew, for your comments. Yes, I have already looked at realestate and domain. There are currently around half dozen of houses for rent in our area. And, our weekly rent is about the market range. PM also confirmed this. We have dropped rent but PM said no taker.

Would like to know the views from the forum regarding the current rental market in Brisbane - particularly those who have IPs there. We have an IP in the Morningside / Murrarie / Cannon Hill area of Brisbane. It has been vacant for 4 weeks and no tenant. We spoke to the property manager...