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I wasnt interested! Just saying

Offers over $870K just went for $1.06M in Sydney. Ridiculous. The agent should know their market better!

Hi Terry I have considered those things as much as my knowledge can let me based on my current situation. When I have enough cash to pay off my mortgage in the current situation, I'm pretty comfortable. And the dog gets everything :) (no kids - ever). I need to meet with someone to...

Hi Folks I am wanting to buy a PPOR and as i cant find what i like yet, should I 100% offset my IP loan. I currently have about 1/2 offsetting. The other 1/2 in another country but the exchange rates is so darn good i want to bring it here and capitalise on that. If its here, i will...

Thank you all for your advice. This is such a great forum!

Thanks all for your responses. I suppose i didn't think a broker could really help me with strategy, structuring and tax all at the same time, but seems I was wrong. What im thinking now is use the equity in the unit to buy another IP unit. Then use the cash i have as deposit on my...

Hi eveyone. I?m looking for property investment advice please. My Situation is: I?m 40yo female. I live in Sydney so we are talking Sydney (coastal) prices. I own a unit, lived in it for 4 years, have rented it out for 3 years while I pay rent elsewhere. I have approx. 45% equity in...

That's what ive been trying to get my head around. With the feedback from everyone on here, Im starting to understand and change my mentality (With the assistance of my awesome new spreadsheet that's now helping :)

Thanks Terry.. What about the $30K I make in rental income on that IP of which there is only $5.5K in other expenses (plus depreciation). If I have no loan interest, that's a whopping lot of income to add to my tax return?

Thank you for the scenario. I think ive got it now, just to be clear: If I have a 250K loan @ 5% PA, annual interest cost is around $12500 If I have $250K cash invested at 3.5% PA, annual interest earnings is around $8750 If I take the $250K cash and offset it against that loan, I pay zero...

Thank you for the response. I don't see how paying no interest is better than earning interest in a savings account. I'm not going to earn as much interest in a savings account as I will earn in rental income. If I don't pay interest on the IP loan due to the offset then I'm very positively...

Sorry to hijack your post Marlin but I have one question which is related. PPOR turns into IP and has been IP now for 2 years. I removed my offset as I wanted the interest to be as high as possible to make it tax effective. I now think through research that I should put the offset account...

Ive read that the ATO judge residency slightly different to immigration, centrelink etc. I have replied on the other thread. Thanks Paul

Thank you Paul This is what I read to lead me to believe that I am considered a temporary resident in regards to foreign investment income...

Sorry to Hijack this post, but I have a question that Paul may be able to assist with. As a NZ Citizen, I am here on a Non protected SCV. I am an Australian Resident for tax purposes, however as I am on a Temporary Visa (the non protected scv is considered temporary by the ATO), do you...

Thank you. So I just found out through further investigation that whilst I am an Australian resident for tax purposes I am also a Temporary resident, as im on a non protected special category visa, which means any foreign income and cgt is exempt. see below from the ATO: You are a...

That's right no capital gains tax in nz. They are considering bring it in, but its a little more about intent. No stamp duty either... Was speaking to a friend who still has an IP in NZ, but lives/works/resides in Aus. They do the rental income tax returns in NZ and the salary etc in AUS...

Thanks Rob Its complex, but at the same time I feel relatively simple. Tenants in common, 50/50 share. The country is NZ. No rental income has ever crossed the tasman and come into Australia. Can I just clarify on this please: Whether you get the 3 years absence (no income) plus the...

Hi I am looking from some feedback on my situation and Capital Gains Tax. Based on the below what do you believe to be the CGT likelihood. I am not an Australian citizen, but a resident for tax purposes. 1998 ? I lived overseas and purchased a house with my partner as main residence with...