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Thanks for the replies guys. There's alot of useful info there. I'm heading up there next week to check out the area and have recently been looking into Alfredton too. Looks like I'll have to be on the ball with these inspections if places are selling so fast. Might be a little difficult...

Thanks for the info Truly Exotic. I'll probably concentrate on the CBD area. I had a look at Soldiers Hill and that looks like a good area too. I'll initailly be looking for properties that need minimal work done, mainly because I work full time in Melbourne. I'm going to head up there and...

Hi all, I've recently started out hunting for my 2nd IP. My 1st IP is a 1 bed apartment in Essendon VIC, so my initial search has been in and around this area as I know the area very well. However, I'm not willing to spend any more than $450k and would like to invest in either a single level...

The levy covers the legal costs to take the original builder to court and for a new builder to fix it up.

Hi Terryw, Thanks for the reply. I'm a bit confused. I thought capital works related to making improvements to the building in some way. The work is essential repairs after a major storm a couple of years ago caused major leaks throughout the entire building. The work is to replace parts...

Hi all, The Owners Corp for my investment property have imposed quite a significant special levy. The levy is specifically for legal and court costs that have arisen from suing the original builder for not correcting major building defects satisfactorily while the property was under warranty...

Thanks for all your replies. The amount held back from the bond will be $215 and this is only for 4 weeks usage for one person, so who knows what shes being doing. Anyway I think I might have misinterpretted the rules. I was under the impression that any bill the tenant is normally responsible...

Hi Terryw Thanks for the reply. I can only claim the service charges as a deduction. I've already found info regarding this on the ATO website. Any charges the tenant normally pays are non deductible and it gives electricity and water usage as examples. I can't see how it can be income if I am...

Hi I am a landlord leasing an apartment in Melbourne, Vic. A few months ago I was billed for my tenant's water usage charges by mistake. The managing agent suggested that I paid the bill and she would forward the bill to the tenant and get them to refund the usage portion, which I did...