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    Question on tax deductibility...please advise!

    Hi, I need some advice from someone in the know re taxation rules on investment properties. Of course, I am only seeking opinions here, I am not actually going to base my decisions solely on what I read here :) 1. I bought my first IP for $500K (took loan from bank "1") 2. The buying...
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    In an 'uncomfortable' situation, Help!

    Everyone thanks for your comments. I really appreciate this forum and its members! Here are the answers: Deposit + Shortfall to cover bank's low valuation + stamp duty + legals = 85K Ongoing Yearly costs: Council rates + Body Corp Insurance + Administration Levy + Sinking Fund + Land...
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    In an 'uncomfortable' situation, Help!

    Hi, as my name suggests I am a novice Property investor and have got myself in an 'uncomfortable' situation. In Dec 2006 I was convinced into buying an off-the-plan unit by an "agent": - In Cairns North, 2 Bed appt (has water views) in a large complex (>90 units) - rental g'tee 2 years @...
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