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My husband and I are considering a transfer of property (between ourselves) for the purposes of a legal property settlement. I understand that there is no stamp duty payable when transferring property between spouses in the event of marriage breakdown. I would like to transfer our investment...

Hi. I am the owner of a unit in NSW and have some concerns about the Strata Management. I do not live in the state so it is difficult for me to attend their offices. I had a bit of a read of the strata act which is somewhat complex for the "lay" person. Perhaps someone on this forum may be...

Hi, We sold IP in Nov 2012. A Hot Water Service had been installed by us in 2007 and depreciated since that time. The closing written down value (as per depreciation schedule) on the hot water service was $424 at the time the property was sold. Should I be deducting that value from the sale...

I am somewhat confused about calculations for capital gains tax. I understand the principles of Sale Price minus Cost of Purchase and assoc costs (legal, agent fees etc). What I am having difficulty with is understanding the effect with holding cost (eg rates, insurance, interest...

Hi, I wanted to write about a situation that has occurred for me with the NSW Tenancy Tribunal and a range of what I believe are administration and judicial process errors. Specifically, my tenant moved out of a property before end of lease and did not pay all the rent due. I lodged a request...

I am a landlord who has experienced a situation whereby tenant moved out of my property 4 weeks before end of lease and did not pay rent that was due for this time. I have been through the appropriate legal channels to claim portion of bond and the entire process has been fraught with...

Just interested to know what others make off this scenario. Mid October- I instructed our property manager to give notice to our tenant to leave at the end of the lease 29th November. 6th November - I telephoned property manager to ask if everything was on track. I was told by the...

We are selling an investment property in NSW and 12 days off of settlement. Have been alerted to paint being spilled over the driveway, doorstep and walked through the house. We live 700kms from the property so not somewhere we can easily just pop over to have a look. Tenant moved out 30th...

We have residential rental property in NSW. It was on the market for sale when a new tenant moved in for a 6 month lease. The property manager was well aware it was for sale (hence the short-term lease). In August we found a buyer and in October we gave notice to the agent that the tenant...

I am going through an appalling situation with my current lender. We have a loan set up in 2010 which is for three investment properties. They are cross-collateralised (not the best, I know... but that's another story). 2 months ago I contacted my lender to advise we had a buyer for one of...

Hi. I am interested to hear from brokers on the forum. I now understand the pitfalls of cross collaterilisation, then trying the sell a property, revaluations, altering LVR etc. Is this an issue that has become more difficult over recent times with lenders tightening up their criteria? I...

I have just discovered that in South Australia it is against the EPA regulations to erect a second self-contained dwelling on our land. We have just over quarter of an acre and ample space towards the rear of our land to have a cabin/granny flat/unit. I am told though that it cannot be...

Have just obtained a buyer for one of our IP's and I have come across a problem with discharging the mortgage. 1) Mortgage is $87,000 set up in 2005 2) We own 3 investment properties 3) In 2010 refinanced loans to remove security from our PPOR. 4) The $87,000 mortgage was...

I have taken up an issue with my lender in respect to refinancing an investment interest only loan. It is a split loan. Part of it being my PPOR and the other part being investment. The loan contract says security is my PPOR. I know this is not ideal, but the investment portion is small...

Are insurance recoveries something i should report on my tax return. I had an insurance claim for a theft from my IP. The claim has been settled, I have received the funds but not yet replaced the stolen item (incidentally someone stole the screen door ! LOL)

I re-financed by PPR and IP loans in order to get a better interest rate and separate security. Previously investment loans were secured against my PPR. I went through an Aussie Broker. The process was less than satisfactory. Lengthy delays, incorrect names on contracts, incorrect interest...

I have a PI loan which is for two investments property eg: Original Loan $200,000 covers property 1 $123000 property 2 $77000 I can easily ascertain from my loan statements the total amount of interest. however, I need to apportion the interest for both property 1...

I was appalled to receive my landlords policy renewal for our house in Broken Hill. $1500 per annum! This equates to 20 percent of the annual rental income! I have done some comparison quotes and they are all exhorbitant. Some up to $3000. I just cannot afford nor justify this on a...

I have a couple of questions about a property I have tenanted in Broken Hill. 1) Do tenants have an obligation to report maintenance issues with a certain period of time? What happens if they have not bothered to report it for months and as a result the problem has worsened and become more...

I purchased an investment property in 2005. Older property (over 40 years old). I did not get a surveyor for the purposes of doing a depreciation schedule. The house had a new kitchen at the time of purchase. I would estimate the kitchen had been put in around year 2000. I have never had a...