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Hi all, I bought a new built (6 months back) duplex house (only one part purchased) in NSW, Western Sydney region. It was sold to me as dual occupancy, the granny flat is attached to the main house (sharing the wall). The house has been on rent since it was purchased, it has two set of...

Hi, I recently (couple of months back) purchased a brand new IP (house) from a builder, the The new tenant has few issues, these issues are that - - the kitchen tap is leaking, - the downlight in the en suite is hanging down from the ceiling, - the shower drain in the en suite is slow to...

Hi, On a vacant land IP (NSW), is it more cost effective/practical to spray weed control (once in 3 months) than giving out a contract for lawn mowing? Are there any laws that stipulates the maximum length of the grass to be maintained on the vacant land (NSW) ? Thanks.

Hi, I am just curious, when letting out, the property manager (pm) has no incentive in signing a 12 month lease as compared to 2x 6 month lease (to the same tenant). The letting fee structure rewards the pm for the number of leases signed rather than the term of the lease. How does that work?

Hi, I have a balance in an offset account that is equal to my PPOR loan. Currently the loan is principal and interest, so a fixed principle amount comes off my offset account every week (only principle, no interest of course) to pay the loan. now if i switch to interest only, the bank has...

Hi, My aunt is living in her PPOR and has purchased a vacant land with an intention to start building a house after 2 years. Till then the land will be vacant. How will this arrangement affect the CGT aspect on the land, since she will be living in her PPOR till the property is built (which...

Hi, This is a duplex property, the builder has provided a depreciation schedule for the other part of the duplex (the one that i don't own), but both the properties in the duplex are exactly similar properties (build and furnishing). Can/should i use this depreciation schedule or should i get...

Hi all, This is my first IP so too many questions battling in my head. The contract with a Property Manager reqires me to give a 90 day notice to terminate PM. Does the 90 day period only apply when the tenant is still leasing the property? For example - if the the lease term is 12...

Hi all, I have recently purchased a property in campbelltown, NSW. The agent that sold me the property has offered to manage the IP at the following rates: Letting fee of: 1 week rent + GST Management fee: 7.7% (of all monies collected on behalf of Landlord) Tenancy Agreement preparation : $33...

Hi Guys, this is my first invesment property. my position is as below: PPOR Loan $80,000 ; Money in Offset : $60,000 ; Value of PPOR: $450,000 Loan (borrowing capacity) approved for $850,000 IP Value : 620,000 Stamp duty : ~ 16,000 (includes NSW brand new house grant of -$5000)...

Hi, I am moving from my PPOR (worth around $400K) with a loan of $30K (loan of $85K and $55K sitting in offset account). I am planning on first buying another PPOR (PPOR priced at around $500K) and then selling my current PPOR ($400K). I have a pre-approved loan (new loan of $550K, not...