Search results

Hello everyone I am going to settle my IP in QLD in a few days. I have been charged to pay a QLD Credit Business Duty ($64). It seems to be a duty payable on loan in QLD. Does anyone know if it is tax deductible or capital expense ? Thanks RetiredBy50

Does anyone know any good pest (termite) inspector in Brisbane ? I have 2 IPs in Northen and Eastern suburb. Thanks

Any comments on this article

I have an IP in QLD and its roof (structure) and tiles were damaged by the recent storm. The cost of repair will be $1800. I have the building insurance with excess of $300. The question is - should I claim for the damage (ie. $1500) or should I get someone to repair and pay for my self ...

Let's say you used $100K from LOC to invest in Shares. Later sold all the shares for $90K (with loss) and deposit back $90K to the LOC. Now you owed $10K to the bank. Is this $10K still tax deductible (eventhough you do not have any investment in shares) ? Does...

I know that most lenders take into account your income using the following rules. 1. 35% of your salary 2. 80% to 100% your rental income What about the dividends from shares & managed fund and also interests earned from your bank accounts (ie. term deposit) ? Any comments ?

I have the following variable rate home loan Original loan amount : $400K Current Balance (Oweing) : $300K Redraw Available : $100K When I apply for a home loan, which loan amount should I mention to the bank ($400K, or $300K) ? One...

Thanks very much for your comments. Residex report also predicted that the Narangba suburb (which is no far from Morayfield) would have more than 16% growth for next 5 years like Morayfield. That suburb seems to be a nicer suburb . Also has primary school, high school, shopping centre and...

Hello everyone. I have been doing some home work on Morafield area. Some people say it has very low vancy rate. When I look up the realesate.com web site. there are quite a lot of new properties for rent. Does anyone know the actaul vacancy rate in that area ? Thanks

I have a March 2002 Top 100 Post Code for QLD. Is it advisable to get a latest one before buying another IP. Is the latest report much different from the one a year old ? Thanks

I am just thinking if now is right time to buy IPs while the int rates are low ? Let say you buy a number of IPs at low fixed rates now. Assuming the 5 yr fixed rate (6.3%) is used. Year 1: 6.3% Year 2: 6.3% Year 3: 6.3% Year 4: 6.3% Year 5: 6.3% Total :31.5% Assuming the...

Hello all. What do people think about how much fund should be reserved for raining days. For example, consider a couple with joint annual income $85000 (ie. $5000 per month take home) with 2 young children. Assume that the couple has life insurenace and income protection...

I have a PPOR in Sydney that can be rented out for $450 per week. I have a also a few IPs in Brisbane. IP1 : rented for $230/week IP2 : rented for $245/week IP3 : rented for $260week Can I tell the bank that I will be renting out my PPOR (even though I do not...

I am comparing 2 bayside areas. Which one you think is a good buy and also for a goof CG. Let's vote on it. RedCliff Median House Price ((Mar 03) : 207K House Vacancy Rate (Mar 03) : 4.31% Unit Vacancy Rate (Mar 03) : 5.41% Distance from Brisbane CBD : 28 Km Transport to...

I was looking at Redland shire are for 240K-250K. It seems that it will be very difficult to find a house in that range. So I am looking at other area now. Does anyone know/have IPs in Hillcrest, Cresmead and Marsden area in Brisbane ? Thanks in advance

If you are high income earner and have -ve geared IPs, is there a reasonable taxable income you shoud keep to make ATO happy. For example, you earn 90K a year and claim 85K for loss and depreciation on your IPs. That wiil result in 5K taxable income. Will the ATO come and audit you ...

Hello people I am thinking of buying an IP in Brisbane. Does anyone know about Redland Shire area ? I am planing to look at the areas such as Cleveland, Thornland, Redland Bay, Ormiston and Victoria Pt. And also Alexendra Hill and Capalaba. Which area would you recommend ? ( I am...

Hello all (sorry miss out some words) I am going to buy an IP (house and land) in Brisbane next month. My budget is 180K-220K range. Where should I buy I want a reasonable CG and not after income ? I know that some people are buying inWoodridge, Logan and Beenleigh...

Hello all I am looking for a good tax agent on property investment for my tax return. Does anyone know a good one in Sydney? Thanks

I got bulding insurance quotations for my IP ($200k suminsured) in QLD. The annual premiums varies. NRMA : 220$ AAMI : 380$ CGU : 500$ QBE : 457$ I read all the policy documents. They are all very similar. Does anyone know why the premiums...