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I've converted to paperless. After having a lot of boxes full of property related documents I got fed up with the amount of room was used to store these. It was also very difficult to find a document. I decided to convert to paperless. I found it quite easy. I bought a multifunction printer...

I increased mine by $20 a week, with another $10 a week in six months. If I were to increase it to the current market rate it would have been something like a $55 a week increase. I value the current tenant so I was ok with it. One problem that I keep having is the tenant always comes back with...

Keepass is your friend. I have 93 passwords, pins etc :)

Looks like I was lucky then. I just switched my Melbourne property to Homeside/NAB to access equity and I got a very good valuation. I personally think if I sold it today I would struggle to get what my property was valued at. I did put a lot of effort including doing a massive cleanup, making...

I think this is why the speaker said that 3 months was the minimum you would want to stay in it.

The four year rule example was talking about buying a ppor that wasn't ready to move into. So if you buy a place and then had to do a lot of renovations before you are ready to move in then I was told they would need be completed and you would need to move in within 4 years. I was told this at a...

I was told that 3 months is the minimum time although it may not be in the legislation you have to have actually lived there. By the time you connect utilities and use them it's going to be 3 months at least. The ato told me that 3 months would be the minimum that you would want to stay there...

I'm confused. It was an investment from the start so how can you have lived in it? My understanding is it needs to be your ppr first. You need to have lived in it for at least 3 months within the first 4 years before it is rented out.

My understanding of the rule is that the property wouldn't be capital gains tax free because it was an investment before. You would need to proportion the amount of time it was your ppor vs an investment to calculate how much capital gains tax you would pay. The longer it remains your PPOR the...

It's my understanding that many people don't declare the income and just handle it by dealing with cash which is illegal. I went to a property seminar held by the ato and according to the speaker you would need to treat 1/3 of the property as an investment for each person.

After buying a $300,000 and although I believe I got a good price for it and interest rates are currently really low it would be cheaper to rent. If I need a bigger unit I will choose to rent in the future and just turn my current property into an investment. So I'd recommend to buy and...

I'm 27. I completed uni when I was 21. Bought my first property when I was 22 in 2004 in Perth. It's a 3 b/r house. I borrowed $184,500. The property is now worth $330,000. My second one was in the Southport, Goldcoast in end of 2005. It's a 1 bedroom unit. I borrowed $160,000. It's now worth...

You need to live in it for 6 months within the first year: "As this grant is not intended to be used for the purchase of an investment property, we will ensure that grant recipients have resided in the property for 6 months and within 12 months as their principal place of residence."...

It gets easy as time passes. As you have more and more properties you are going to access to more growth so you then can use that equity for deposits on new properties. It's always hard getting the first few because you need to use your own money unless you have equity in a ppor.