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    Rooftop courtyard and replacement membrane issues

    Hi All, Our IP apartment complex roof is flat and owners with top level apartments (such as myself), each have an uncovered courtyard area on the roof to themselves (freehold not common property and a big space equal to the size of the covered area of the unit below it). The complex is...
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    Protecting Freehold Parcel at Back of Land?

    Hi All, I own an IP unit in a complex in Qld, which has a perculiar quirk. There is an additional piece of freehold land we own which is roughly 2 metres wide and runs from the back of our property, between the 2 houses behind us through to the street behind us. This piece of land is lawn...
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    Replacement of driveway and guttering - new Deprec Schedule ?

    Hi All, We need to replace the driveway and guttering to one of our IPs. We already have a depreciation schedule for the property. Should we obtain a new deprec schedule ( from the same company) once the work has been done, or should we account for these two items seperately. Im...
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    Margin Facility XLS help

    Hi All, Apologies if this is in the wrong forums and/or off topic somwhat, Was wondering if I could have some assistance with the attached margin facility xls sheet. I use this sheet to keep track of my margin facility as well as portfolio performance, and running risk scenarios. Works...
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    Smoker - affecting my tenant

    Hi All, I’ve read some prior posts about tenants who smoke, and how it is discriminatory to ask them to stop but what about the effect on others? My tenant is in the top floor of a unit block and the tenant below smokes often on their balcony. My tenant cannot open about half the windows...
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    Termite Hills in Backyard - Tenant Lax

    Hi All, I’ve recently found out there are some termite hills in the yard of my regional IP. Nowhere near the house (huge yard), so no issue as to property damage. Apparently the termite hills have been there for several months now, with my tenant’s full knowledge and he has done nothing...
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    Interest Deductions using offset account

    Hi Everyone Quick query... i am in process of refinancing with westpac at the moment. Some of my equity will be in rocket repay loans, which means that i can only draw the money out to other Westpac accounts ( im having this confirmed by lets procede on this premise for now). For...
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    NAB Portfolio account - ATO trap?

    I've posted this to the Property Finance forum but thought it may be relevant to ask here as well.... Im reviewing my structure, and a NAB banker is suggesting the National Portfolio account to me. The website states that it is 1 LOC which all property is secured against, with up to 12 sub...
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    Changing Banks - will they give incentives?

    Hi everyone Ive got 3 IPs with 3 different banks, and I am paying around 7.59% variable rates on a few IO loans and LOCs in the main. My banks are ABL, BOQ and NAB (NAB loan much cheaper). No cross collateralisation and I will keep it this way. With another interest rise around the corner...
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    IP Expenses when not Rented - Ormistons Case

    Hi Everyone, Im gearing up for tax time and have a query - I bought an IP over a year ago and basically sat on it until just recently. Ie - I did very little reno work, I didn't get a tenant, I almost 'forgot' it was there (well i was busy with other work). It wasnt used at all for personal...
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    Verbal Tenancy gone sour arghh!!!!!

    Ive had a (forrmer) friend at one of my properties for a long time. I never signed him up to a tennacy agreement or got a bond (yes I am an idiot), as we always had a good relationship and he was an excellent tenant. peace of mind having someone you knew there... He moved out 6 months ago and...
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    Shares purchases with LOC

    Hi guys Another newbie question following along similar lines to the one posted by Misvee just recently. I have an LOC which I is for everyday use. All my pay goes in, it then it is used to pay bills, mortgage repayments etc etc. First query - I have just applied for an IPO, and...
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