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Hi Catlib, to be honest the property in Bendigo has been pretty much set and forget to some degree. Aside from a couple of minor maintenance issues and one request that we don't think the PM should have even bought to our attention it has been trouble free. Lease coming up for renewal soon...

The selling agents Property management dep appraised at 320 to 340 /week, two other agents appraised at high 200's. Our expectations were around the 300's. Place was vacant for a bit less than 4 weeks but we have a tenant in at 330/wk on a 6 month lease. We would have liked 12 as the tenant has...

Our property in East Bendigo (more correctly my partners) settled last Tuesday. Spent Wed and Frid cleaning and odd jobs, new shelf here, unstick painted over windows there etc. Always a couple of unexpected issues that are small but fiddly to fix. Ended up using the selling agent for...

Hiya, had building and pest done in June. Building... Gary Whitfort, pm me for number ($385) Pest... Go Pest, pm for number ($240) Both were suggested by selling agent so I rang a completely different pest outfit and asked who they recommended for building and they gave me Gary. I then...

Thanks..........

http://www.vaporooteraustralia.com.au/blog/remove-tree-roots-with-vaporooter http://www.vaporooteraustralia.com.au/blog/tag/sanafoam-vaporooter-ii http://www.macwater.com.au/vaporooter-chemical-sewer-root-control.htm Sounds like the stuff. Though neither new nor quick.

Mry said in post 4 One of the best explanations I've read on this topic. Thanks.

http://www.heraldsun.com.au/news/mum-who-slept-in-car-thanks-victorians-for-offers-of-help/story-e6frf7jo-1225878168964

Hmmm, IP4 may be closer than previously thought !

I live in a rather unique residential complex (used to be a lunatic asylum, everyone tells me that's very appropriate ). I've told the agent that manages the lions share of rentals in the place that they can manage mine when they find me a rental to live in, in the same complex. The ball is...

To paraphrase my broker "Now if you were renting this place (PPOR) out I could get you heaps of money" I will be doing exactly that very soon

Rob's comment was for my post. Inspections are added to the capital cost or cost base if the purchase goes ahead, so no. No tax deduction. Rob... I know it doesn't apply in this case but if someone makes a living from property investing, lists their occupation on their tax return as...

Once you rent out your PPOR, provided you can rent cheaply yourself (ie cheaper than the rent you receive) then your servicibility should improve. Note that , in general, banks will only consider roughly 80% of rental income when making their calcs. Simply telling the banks that you intend...

I reckon if Property investment were your sole "Business" No 4 would be do-able. It would be a cost of doing that business.

check this thread out for a useful borrowing calculator, might help you figure out if/what you can afford>>> http://www.somersoft.com/forums/showthread.php?t=62732

Try the AMP one here>>> https://www.amp.com.au/wps/portal/au/AMPAUGeneral3C?vigurl=%2Fvgn-ext-templating%2Fv%2Findex.jsp%3Fvgnextoid%3Da498a451359c2210VgnVCM10000083d20d0aRCRD use the AMP servicibilty calculator and open the user guide (adjacent to it on the web page) to help you decipher it...

For what it's worth, I share your view but take it further. As houses become less affordable in a given area buyers go for units as they provide better value or more "bang for your buck" relative to houses. Once unit values in a given area catch up to houses they will no longer be seen as...

That's what I was getting at in post 2 and terry has continued in post 4. Once you start to dilute borrowed funds with funds from another source in your offset account the tax office may consider that you have lost the direct link between borrowing and investing. Hence you lose deductibilty...

Are you aware that if you draw down on your equity and place those funds in an offset account you'll lose tax deductibility on the interest of that portion of the loans ?

Ouch...40% offset. The example in the other thread was using 100% and it was a near thing.