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Just received a quote for purchase a 2.5kw split system appliance and installation for $2500 total. Since the appliance costs under 1K this seems pricey. Anyone with a recent system installed who could share the instillation cost? Thanks Scott

I have self managed for the last three years with a great tenant. Unfortunately she has signalled that she will move on around Christmas and has given me advanced warning. She has kept the place spotless. She is happy to give me access to improve the property and to let prospective tenants...

Is it possible to reduce your taxable income, through negative gearing to then qualify for the Superannuation Co-Contribution? Scott

In New South Wales what part of the water bill can be passed onto the tenant. Sydney Water bill is divided into three parts:- Water service Sewerage Usage charge Which ones can be passed on? Many thanks Scott

Can someone tell me for tax purposes the date a share dividend becomes taxable for the purposes in which financial year it falls in? Is it the "Record Date" or the "Payment Date" or the day you receive the cheque or the day it appears in your bank account (if direct debit). Normally...

If company A buys out the shareholders of company B with cash and script (ie shares in company B) is the obtaining of the company B shares trigger a capital gain or is the capital gainn realised only when company B shares are eventually sold Thanks Scott

Anyone with a crystal ball think the market (in Sydney) will start to turn in the next four months with a sudden rise of 25%. With the money from the stockmarket needing a safe place to park could this be possible? Scott

I have had reason the rent a car a few times over the last year and have discovered a way to save money. I have found the biggest slug comes in taking out the extra insurance to bring the excess down from $3000 to $300 if you have an accident. Usually about $26 a day for this insurance...

I have broadband with tpg to a desk top computer. My daughter wants a laptop and also have internet connection. if anyone can help I wish to know: 1. What type of product would I need for internet connection for both the main computer and the laptop. I assume some type of wireless setup...

We often hear of conditions added to contracts such as: subject to finance, subject to satisfactory pest inspection etc. But how, where and at what point is it done. Typical scenerio in NSW: 1 Offer a price for a property 2 agent after speaking with owner says yes 3 agent gets you...

What range would most consider a "neutral geared" property. Say a property all up costs you $20 per week or you earn $20 per week from the property would you consider it near enough to be neutral? When would you put your hand on your heart and say this is negativly geared and this is...

I follow specific parts of the Sydney market and despite all REAs saying that the market has flattened out, bottomed etc, it appears to me that the prices are still falling, with some properties on the market for months. My impression is that conventional wisdom says that it would be not wise...

I have just taken over the management of my IP from my PM. As a reward to the tenant, to change their arrangement I have offerred a weeks free rent. Tax wise is it better to send a weeks rent back by cheque or simply give a weeks "rent holiday". Thanks Scott

I am going to Cairns next month for a hol. Naturally there I will look at property. Any hints for good suburbs, flood area, local trouble makers, contaminated area or other nasties. What are the nice suburbs? thanks Scott

As a property I am reasonably confident that I know the rewards and the risks and have made my choices accordingly. However with shares I have much to learn. Specifically the Navra fund I believe I know the rewards but am not sure of the possible risks. Can anyone comment? PM me if if...

Is this scenerio possible and if so is it legal? You wish to sell IP. say bought for 250k and 10 years ago and now worth 500k. You have made a initial capital gain of 250k less 50% (discount for holding over 12 months) thus capital gain of 125k. Assuming you are on top marginal tax rate...

I was asked in a PM to answer a question concerning offset accounts. As I am no expert I will give over my understanding of offset accounts and others can correct or add to it. Offset account work like this- if you have a loan for $100k you naturally pay interest on the $100k. If you have...

Can half a house be an PPOR and the other half an IP? Situation is that two work collegues bought a town house 50% each and both lived there together. They have had a falling out and one has moved out. Can the one who has moved out now rent her half back to the one who stays and treat...

I received my bank statement that said "Mortage offset interest savings $1612.60" So what exactly does this mean? Since I still pay the same each month does this mean that $1612.60 has come off the principal? Thanks Scott

I heard on the radio a tip from a former employee of the department that manages the land tax in NSW. Firstly a property is valued by the valuers department. Most people are happy to see an incresae in the value of their PPOR and put the valuation notice in the draw. For the property...