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    Capital Gains on private residence when rented

    With the 6 year CGT exemption, are you allowed to claim depreciation still? Normally depreciation adjusts the CGT base cost, but with CGT exemption, how is depreciation handled?
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    Starting my own SMSF

    Macca, The $660 SMSF Accountant..happy with the rest of his services? Any contact details?
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    Buying in the US

    Great story!! Quiggles, how high LVR have you managed to go with your new LLC being the borrower and how many properties will the lender(s) let you get? Have you found any other better lenders since your initial search that offer higher LVRs/lower rates/higher borrowing capacity? Did...
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    Sub-Division/Unit overlay costs?

    Hi Duncan, Owner building 9 units...The building authority allows it or is that they are all on one block??
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    Sub-Division/Unit overlay costs?

    Any other local council involvement?
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    Sub-Division/Unit overlay costs?

    Hi Duncan, Thanks for the info. How long is it taking and did you need plans for the blocks before applying for the community title carve up? GST and CGT info I am finding from other threads as suggested. Whilst I am asking, does anyone know equivalent Perth costs for Strata title and...
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    Sub-Division/Unit overlay costs?

    I am looking at understanding the developing option in more detail and realised I know little about the sub division/unit overlay costs of converting a 1 title block to allow for 3 units. I was looking at a block in metro melb for $450K with the possibility of a 3 unit development. I know the...
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    Low doc loan info needed.

    Its Finance time!! Does anyone know of any low-doc loan providers with 100% offset facillities? Any idea of the DSR calculation used? Noddy
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    Lo Doc Loan changes in the wings

    Rolf, I'm also trying to understand the "Cash Out" limit of $150K statement as well. Can you please elaborate?? In layman terms what does this change really mean? Noddy
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    Capital works deductions implications and C.G.T

    Just to clarify.. If I move out of primary residence today and rent it out tommorrow; then I paint the inside and render the outside in a months time, and then sell after 3 months, the depreciation on any capital works can be claimed as well as the full cost of deductions such as painting...
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    Metropole properties

    AL and MY, thank-you both for continuing to share the information you do. My desire to develop has certainly gone back to the learn-much-more stage. On Part "C", why was the obviously more difficult "Tenants in common" finance required and why should you have known this? (I've never heard it...
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    Metropole properties

    I've been reading this thread with interest and interested in the final outcome of this as it is unfortunately very interesting and insightful. I was thinking about the viability of developments and the "fair profit" statement and just how viable these projects are these days. I was...
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    Change of director and directors loan guarantees.

    Hi Rolf & Rolf, Thanks for the replies. Time to read the fine print. Noddy
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    Change of director and directors loan guarantees.

    I'm looking at doing a property refinance in 6 months to get some extra equity but may want to do a change of director (swap wife to be director) in 3 months for a new venture starting up. How does it work if I change the directorship in 3 months? Does the bank ask for a new guarantee to be...
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    Asset Price Meltdown Hypothesis

    In all the property presentations, I see the 90% of retirees will depend on the pension. With the workers/retirees ration dropping from 20-1 ten years ago to 5-1 now and expected 1-1 in ten years time, maybe we should be looking at the 70% who we think can fund themselves. If the govt has...
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    Investors Finance Group

    A quick search see them giving a presentation that looks interesting. Their website has no detail. http://www.ifgpl.com/ It does sound interesting....but don't they all??? Noddy
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    Perth?

    The south west growth corridor is an interesting description!!. I know the areas very well, including the new suburb of Seville Grove which was part of Armadale before the Council created a bunch of new suburbs, another of which is Mt Richon. Owning property in this are which has double in...
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    Know a Good Bookkeeper in Melbourne?

    Hi all, Thanks very much for the responses. Keg: I am mostly Melbourne based but have property in Perth as well and may move my base over there once I finally get fed up of Melbournes chiily winters. Ani: Thanks for the feedback. I don't have much involved and to do it myself would...
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    Know a Good Bookkeeper in Melbourne?

    Hi Keg, I'm thinking of better using my time by "outsourcing" my bookwork. Can you give us an idea of the costs involved, turnaround time, time saved and how simple/complex an it be. I was thinking something like drop off Quickbooks/MYOB backup on first Friday of the month with small...
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    Dymphna Boholt Course

    I know some people in Melb who went and then requested a refund.
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