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Thanks for asking the question Propagate, as I was thinking of 'investing' in these coins. http://www.telegraph.co.uk/technology/news/10558683/CoinyeCoin-launches-early-after-Kanye-West-legal-threat.html ;)

Theres milllions of scams out there. My response is "woot.....!"

Ol Mate, the redraw/reborrowing can only be tax deductible if used for investment purposes. When I bought my first I had a P&I IP loan with redraw facility. I soon learned about the disavantages of paying down deductible debt and redraw facilities for IPs. To in a way fix the problem, I...

I would leave the 25k in the redraw, and redraw to pay for IP expenses i.e. rates + insurance, repairs, renos etc (being aware of minimum redraw and assoc fees) Redrawing = reborrowing. To maintain deductibility you have to redraw/borrow for investment purposes. Putting in an offset account...

Use http://www.nab.com.au/personal/loans/home-loans/loan-calculators/extra-repayments-calculator Put in your amount, rate, and extra amount (x)....slide your cursor along the graph to year 5, take that figure then chuck it in the 'loan amount' with your new 'extra contribution' (y). It has...

Thanks Guys, I will prolly use depreciator for the DS, but will talk to Scott first... The builder that did the building report reported approx age of building as 20yrs. The owner said they lived there for approx 30 years and took 4 years to build (while living in granny flat) so...

Hi, Just wanting to get your thoughts/opinions about whether it is worth getting a depreciation schedule on a 30 yr old IP that I will acquire in December. With: original kitchen and tile + parquetry flooring, 10yr old carpet in bedrooms, 1 x air RC air conditioner, 2006 solar HWS, 2 x small...

Cut the OP some slack, many of us have posted questions on somersoft without doing a semi-thorough google search first. ;) "No one is without knowledge except him who asks no questions." And don't be so defensive Woohoo, donkey doesn't have a personal problem with you because he doesn't...

- What you've suggested about paying down the property is one tax issue, but as you said using an offset account is the way to go to avoid said issue. - Capital gains tax on eventual sale of both properties are some tax implications (If its been more than 6 years since living in your "first...

I appreciate concurrence backed by the above reference. Once again, thankyou Terry

I think I found my answer with a bit more thorough googling. Found here, http://www.bantacs.com.au/QandA/index.php?xq=314 thanks Julia! Let me know guys if you have thoughts to the contrary...

Hi there, Plan: - Purchase an IP and 2 years later move into said property making it my PPOR. - Make improvements to the property (i.e. new kitchen) after the property becomes my PPOR, Question: Are the invoiced Capital Improvements costs incurred in the 'PPOR years' able to be added...

Thats about the same for us, although I have 2 IPs. I took it to an accountant once 2 years ago to make sure I was getting it right. I do it on etax myself now. You still have to do all the document gathering and sorting anyways which is most of the time consuming work. If I was paying...

Thanks Terry, that makes sense to me. Although is this redrawing/borrowing technique suitable if planning to turn the PPOR into an IP in the future?

Neety, I have done something similar where I borrowed a deposit for IP2 from my in-laws with a private ruling from the ATO stating that it was fine. ...It is the purpose of the borrowed funds that makes it deductible or not... There does however need to be good documentation of the...

Apparently the transfer can be done without stamp duty, but just like Inception it is possible but very difficult.....

Psychologically, for the naive paying the loan off like that would be satisfying. Although, for people who can actually see that an offset is the same but better in that it still allocated funds for eventual repayment of the loan except you have full, multi-purposeful access to the funds, they...

Even if your millionaire status didn't incorporate a degree of debt, happiness and excitement would probably not last, as the longing for more and the taking for granted what you have would increase.... Thus emphasising the fleeting and greedy nature that monetary wealth can bring...

Hey, I have an approx 40 year old house with nothing really new except some new bathroom fittings from a reno 2 years back and a 10 yo HWS and a ducted aircon. I was apprehesive about getting a depreciation schedule done. BMT had a gauruntee that if they couldn't get double the schedule fee on...

Its approved as a shed but the DA for conversion to dwelling/granny flat has not been approved yet. I think the driveway requirement may have been missed or not explained to him by the the private certifier he had been using. Thanks Brazen for your time and helpful repsonses. Much apreciated.