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  1. Ross

    Claiming Depn & 2.5% Cap Allwnce

    Just want to confirm where you have rented out your PPOR and claiming the 6 year CGT exemption is there any issues with claiming depreciation on Fixtures/Fittings and Capital Allowance on the build cost ? Normally, as I understand, these deductions would reduce your cost base for CGT when it...
  2. Ross

    Confirming CGT calc

    Looking at selling one of our IP's, rough numbers and dates as follows: -Buy unit Nov 03, cost $450k and live in for 12 months -Move out and rent for approx 2 years until Oct 06. Not claiming PPOR elsewhere during this period. - Move back in Oct 06, do $25k reno and live in for 18...
  3. Ross

    Can I claim outright ?

    Dishwasher- $700.00 Oven- $525.00 Replace carpet to 3 bedrooms- $1,309.00 Blinds to several windows - $1,210.00 Im guessing the dishwasher and Oven are Low Value Pool ? With the carpets if they are just replacing "back to original state" ie not an improvement can I claim 100% ? If...
  4. Ross

    Deductibility of Income Protection insurance

    Can somebody please confirm this is deductible where premiums are paid through your super :rolleyes: Is it relevant how its paid ? My guess in no just want clarification :D Ross
  5. Ross

    Recommended painter - Perth northern suburbs

    Can anyone recommend a reliable painter around Joondanna / Northern suburbs :rolleyes: Looking to completely repaint inside one of my IP's. Competitve price / quality job and available within a few weeks........am I asking too much :D Thanks Ross
  6. Ross

    St George drops rate by 30bp's

    http://business.smh.com.au/business/st-george-trumps-rivals-20080902-47ti.html :D Ross
  7. Ross

    Forgot to claim Depreciation

    Situation is: Lived in former PPOR from Jul 03 to Oct 06, then became IP. In late 2003 (while PPOR) spent the following on the property: - Cabinetry work (built in home office, robes in bedrooms etc ) $4,500 - S/System Aircon unit $1,200 - Lighting $722 - Dishwasher (left for tenants)...
  8. Ross

    Sydney building costs

    Interesting article on pg 59 of the Fin Review today discussing housing shortages across the country (by Macromonitor) . It goes on to say they expect the rate cycle to turn by mid 2009 and that constructions could pick up by 20% soon after. This in turn could re-ignite inflation. My question...
  9. Ross

    Sydney to grow by a million people

    How much lower can the vacancy rate in Sydney go :eek: ?????? http://www.smh.com.au/news/national/city-to-grow-by-a-million-people/2008/06/01/1212258647599.html
  10. Ross

    Another boom in WA ?

    Just wondering WA investors thoughts on this article. Are we likely to see strong growth again once the rate cycle turns ? :rolleyes: I'm not banking on any decent growth in the next several years http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=71191
  11. Ross

    Does agent have to submit offer ?

    Just confirming my understanding that, by law, agents must submit all offers made, to the vendor ? They are indicating they are looking for offers in the high 800's and we are considering a (pre auction) cash offer around mid 800's subject to pest & building inspections. I've had experiences...
  12. Ross

    Rolf Latham, Your a Legend !

    Not sure if we're allowed to give "plugs" on the forum, but given Rolf's contribution, I'm sure there'll be no argument. I've just received formal approval on my loan through Rolf and just wanted to say what a brilliant job he's done, especially in the current tightening credit climate. This...
  13. Ross

    Talk about shortage of rentals !

    I thought all the media hype on shows like Trash Tonight we a little bit of just that, hype. I've advertised our Drummoyne apartment yesterday and have had 17 :eek:enquiries. After allowing the first dozen to come for an inspection tomorrow, I'm having to say no to the rest as I can't manage...
  14. Ross

    Recommended Builder-Sydney Inner West?

    Looking at doing a major reno in Abbotsford (Canada Bay council) Can anyone recommend a local(ish) builder that they have actually used in the past ? :rolleyes: Thanks Ross :)
  15. Ross

    Architect/Draftsmen - Sydney Inner West ?

    Just wondering if anyone can recommend an architect / draftsmen for a single dwelling major reno in Abbotsford ( Canada Bay Council ) :rolleyes: I have sourced a couple from the Architect Institute website however always prefer personal recommendations. Exisiting home is on a waterfront...
  16. Ross

    Latest Smart Investor mag on property

    http://www.afrsmartinvestor.com.au/ Anyone had a read ?? :rolleyes:
  17. Ross

    Deed of Partition in W.A

    I know they can be done in NSW, but not Queensland........can anyone confirm if they can be done in W.A ? :rolleyes:
  18. Ross

    Can we still claim the interest ?

    Have an IP with my brother which we are going to be demolishing soon to build a triplex. Working drawings are done but haven't locked in a builder as yet and the way the Perth market is with builders we may be waiting a while to get started. Tenant moved out in July and we did not sign up a...
  19. Ross

    Should I still use the M/Broker ???

    Question for the Mortgage Brokers, scenario is: - Two IPs put in HDT/financed via Broker through St George-Portfolio loan; - Looking to transfer existing PPOR into HDT and rent out; Currently St G have all 3 properties as security so LVR not an issue as no debt on PPOR however if we...
  20. Ross

    Lane Cove & Naremburn .....thoughts ?

    Howdy all Just wanted to get some feedback on these suburbs. Currently living in Drummoyne in an unit but looking to get into a family home next year ( unit will be getting too cosy with a 1 year old girl ). Budget all up would be around $1M, perhaps something older that we can...
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