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What you are doing is admirable Kathryn. Your hard work has reaped rewards over the years and you will be rewarded further with your efforts. The big picture.

Hi Blue Card, Thanks for your link. Are you able to give me any guidance as to my three questions? Cheers

I'm thinking of having a dabble at CIP. I've read through the posts and am trying to work out what is required to start out in CIP. The notion of a tenant paying all outgoings sounds appealing. A few questions: 1. Do you need an ABN to invest in CIP and is the reason for this that you are...

The interest on the stamp duty loan / solicitor monies loan will be tax deductible. The stamp duty and solicitors fees form part of the cost base for capital gains purposes.

Rob, That's how I interpreted it as well. And that was what the ATO guy said too. Kev

Hi Rob, From the guide: Rental Properties 2008 "If you prepay a rental property expense – such as insurance or interest on money borrowed – that covers a period of 12 months or less and the period ends on or before 30 June 2009, you can claim an immediate deduction. A prepayment that...

I rang the ATO and asked them the specific question. They said to claim the entire prepaid amount in this years (08-09) tax return, and to submit an amendment request for the 08-09 year (stating the non tax deductible amount) if I was to move back into the property sometime during the 09-10...

Y-man, Won't the interest on the $200,000 ($100,000 fixed + $100,000 variable) be deductible once the townhouse becomes an investment property? Regards

Thanks for all the great information that has been shared by everyone to date. I moved out of my PPOR and rented it out and as a result for the 08/09 financial year have claimed deductions pro-rata for water rates, council rates and insurance. In January next year (2010) I am thinking of...

Hi Ezza, I have a rental in Perth. When I was looking around for a PM I found a huge variation in fees. Most charged a flat 8.5% + GST (management fee) + 2 or 3 wks leasing fee (for 6 and 12 mths respectively), but then they would add on fees for inspections, property condition reports...

Westpac Fixed Rates 17/02/09 1 year 5.45% pa 2 year 5.45% pa 3 year 5.39% pa 4 year 6.49% pa 5 year 6.49% pa 7 year 6.99% pa 10 year 6.99% pa Minus 0.2% For Premier Advantage Package