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I have got an investment property and trying to complete the tax return myself through e-tax. I am using diminishing value method. The depreciation schedule has got 3 items as follows: 1) Depreciation Pland and Equipment: $2,647 2) Low Value Pool Items: $444 3) Capital works deductions...

I self manage a property. I got a call this morning from a tenant advising that her car was stolen when it was parked on the driveway. She left duplicate keys of the house in the car and is now concerned that same people will use the keys to break in the house as well. She is asking me to...

Hi, I have purchased a property which is 3 years old from another investor. That investor has got a depreciation schedule done which he is willing to give to me. Will it make any difference if I continue to use his depreciation schedule or should I get a new one done? Thanks.

Hi, I am aware that many people would have asked the same question in the past but I am still not clear on this and will appreciate your opinion. In a nutshell, i am planning to refinance my PPOR and use the additional funds (i.e. cashout component) to buy another investment property...

Hi, These questions may have been asked in this forum before but somehow i can not find using the search function. Question 1: I am a self managing landlord and the property is advertised for rent as the existing tenant is moving out. I downloaded the residential tenancy application form...

I will appreciate opinions of members of this forum regarding a unit that we have decided to purcahse. Offer is accepted. Cooling of period is still on. It is located on Berkeley Crescent, Altona North Victoria 3025. Even though this is our second IP, we are still not 100% sure whether we have...

I will appreciate views of members of this forum on my question below which relates to refiancing. We bought a property in 2008 which was our first PPOR. We did not have offset facily but unlimited repayments and redraw. For about 2 years all our salary went as additional repayments to...

We really need some help in deciding whether to sell the land or the house. May 2008 - Bought a home to live in (PPOR) for $180 K Sept 2008 - Bought a land $130 K With both the purchases, we opted for a loan which has unlimited redraw and repayments but no offset. Also, both loans...

I am new to investing in property. I intend to convert my current place of residence to investment property as I have purchased a bigger house which will be my new place of residence. My current home loan is with ING. I have got unconditional approval from NAB for my new ppor and I...