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Had 2 IP that need TLC on the same time. I'm planning to do some reno and maintenance for these properties. Questions when dealing with tax return (say for 14/15), whether I can put the cost on the work on the same LOC account. Example: Prop. A, cost 10k, on 1-Aug-14 Prop. B, cost 3k...

Is there any connection (in ATO's eyes), when we change our accountants and got audited? I have 3 stories about this: 1. My uncle change his accountant and then he got audited the year after. 2. Myself, I change my accountant and also got audited the year after. 3. My friend also change his...

I'm planning to refinance my mortgage, to get a top-up (due to an increase in my equity in the last 12 months). The purpose is to use the top-up money to buy another IP. The lender will ask me what the top-up money is going to be used for.. What is the best reason I can give to the lender...

Anyone buy for tomorrow (Thursday) Powerball $70m jackpot? Wish I could win this.. :cool: --

Hi All, Can I put my "land tax" bill (Vic) for 2014 in my 13/14 tax return? Or I have to put it for my next year tax return (14/15)? Thanks.

I am thinking to increase the rent. I have a 1 year contract agreement, due in November 2014. In VIC, we have to give the tenants at least 60 days notice of rent increase. When is the best time for me to give the notice? Can I legally do it in September 2014 (so the rent increase straight...

Hi All, For those of you who is an employee, what is your excuse to use personal leave? Some popular excuses: 1. Sick. 2. Babysitting. 3. Car broke down. Anything else? :D

Hi All, Just recently found an interesting link from Sunrise show (back in April), with host Kochie. http://www.macrobusiness.com.au/2014/04/kochie-cuts-through-property-investor-spin/ To sum up, this lady purchased 20 properties within 2 years. She held $4m debt, with her portfolio...

Bought an IP in around 8 months ago (an old 1970's building strata). Tenants reported there is water leakage in the bathroom and also affected some hallway carpet area (become wet). After a consultation with some "bathroom contractors", it seems all the tiles area need to be changed (which is...

About a couple months ago, I still remember people talking about interest hike, but now it seems more likely the interest rate will stay low. It looks like a lot of lenders reducing it's fixed rate (ranging 3-5 years) at the moment. If the financial institutions drop its long fixed rate...

Hi All, Does anyone know where to get the cheapest lawn mower (petrol)? If possible, good quality (brigg&stratton / victa for exampe) Ideally, I also would like to know the store in Melbourne. Any suggestion, would be much much appreciated. Thanks.

I was wondering why the clearance rate from rpdata is always lower than APM & REIV (in Melbourne)? For example this weekend (tendency from week-to-week): rpdata = 64.7% APM = 74.4% REIV = 73% The gap of almost 10% is pretty big, but I don't know which one that is the most accurate one...

Hi all, Say I had an IP for about 2 years. I'm about to renovate completely the kitchen, and it's going to cost me $10,000. Questions? 1. If I borrow this $10,000 from my separate LOC, is the interest of this loan is tax-deductible? (say if I paid out this $10,000 in 15 years, then the...

Stay tune tomorrow morning. Hope Atletico wins..

Hi, Just thinking about a scenario when the landlord & the tenant agreed to a fixed 1 year rental agreement. After a few months (say 4 months), the tenant didn't pay the rent and got kick-out from the property. My question is whether the tenant has to pay the remaining 8 months (based on...

Andrew Wilson tweets: 1. "No surprise interest rates on hold and likely to remain so for the foreseeable future." 2. "Those bravely predicting rate rise this year seem to be ignoring current Melbourne jobless at 7.3% highest since 1999 and set to rise." Couldn't agree more.. So true..

Hi, Long-term thinking, I've a plan to buy "off-plan" apartment 2 bedroom in between 2-12km from Melbourne CBD. Probably boutique apartment. My target is Hawthorn East or Malvern East or surrounding that area. Saw a few development in these areas for new apartments off-plan. Any...

How to deal with student tenants, that never do any garden maintenance (mowing), although it is stated on the lease agreement that it's their responsibility? I want to keep them as tenants, but I just want to do something that made them to the mowing, as their responsibility.

I'm still confused on how SRO Victoria calculate the land tax. I checked their website, land tax is payable when total taxable value of landholdings is more than 250k. Say, if I have 2 investment properties (both joint name on each property), how they are going to calculate the land tax...

Recently found this ads at the back of API mags. Dual Living in Brisbane. It is where a house on the outside, two rentals on the inside. The yields up to 7%. More from the advertiser: The fundamentals of this exceptional dual income property type include: - Positive cashflow from the very...