Search results

Hi Just found these videos in the ATO channel in YouTube. Very good for a basic understanding on the TAX aspects of investment properties. https://www.youtube.com/playlist?list=PL5-ESUNqws-OFffQ1Z9xAgGy5Ad5nr_7E

Thank you. I am checking if the bank can make the funds available but leave them in the loan account.

Because the bank ask for an account where to deposit the funds from the loan, they do not allow to leave the funds within the loan, so I need to put the funds somewhere. I understand the concept and why funds should be left within the loan, but is it possible (i.e. do the bank allow you to do...

Interesting subject. This is what I was planning to do, but after reading all this thread I am wondering whether it is ok not. Current setup: Loan 1 secured against IP1 After re-financing IP1 the new setup would be: Loan 1 secured against IP1 Loan 2 secured against IP1 Funds from...

I also think the difference in price is due to perception. The same reason why the same house is more expensive east of Winsord Rd than west of Winsord Rd. In my opinion overtime the difference on prices will narrow. For example, since the mortgages are likely to be higher in Rouse Hill than...

- Married - 25-34 years old - $50000 - $99000 - PPOR debt of $270,000

Look at the High Yielding Shares thread in the Coffe Lounge section

I bought a 2B, 2B, 2C apartment to live-in, in a Hornsby's high raise building on the Pacific Hwy in 2006 for $315,000. 9 year later it is worth over $600,000 People said it was a bad purchase because of the high strata, hwy noise, etc. I wanted to be close to the station, to the shopping and...

Calamvle... not too far from CBD, good shopping, schools, good yield, good CG prospects. I am bias because I own property there

No, not me.

Thank you for the comments. Yes, I claim depreciation and borrowing cost evry year, so the paper losses are bigger than the holding costs after tax. For example, this year the holding cost before tax of IP1 (i.e. Rent - Interest - Expenses) was $2600, but after claiming borrowing cost of...

Hi, I am doing my family tax returns, and feel like sharing the numbers of our property investment so far. IP1: Melbourne South East (3B+study,2B,2C) Price: $270K on 2008. Current value: $380K Total holding costs after tax: $20K. $3K - $3.5K per year. Last year was $1K and positive this year...

I extracted equity from 1IP last year to buy our PPOR. very glad I did because in the past 18 months that IP and the new PPOR have increased in value (~10%). The key is to have a separate loan number so only that portion is not tax deductible. Structuring the loan was the easy part, way...

I haven't done any renovations because I am not a handy person, but I have noticed that older 2b 1b 1c apartments in the upper north shore (Pymble, Turramurra) sell for 500+ and newer 2b 2b 1c apartments sell for 650+. I think it is worth doing a bit of research there. Regards Roberto

I don;t think there is an affordability problem. You can buy a $350,000 property with $30,000. If you get your priorities right, in my view, that is not very difficult. Of course it requires some sacrifices, but what do you want? I often see that the people who complain about property...

There are still 3bed townhouses and some houses in the upper north shore: Hornsby Hornsby Heights Asquit Mt Kuringgai Mt Colah Berowra http://www.realestate.com.au/buy/property-townhouse-house-with-3-bedrooms-between-0-650000-in-mount+colah%2c+nsw+2079%3b+/list-1 It is a 30-40mins...

I live 1.2KM from the train station, for me is a long walk (15mins) and it is not very pleasant on bad weather. However, there are many other factors that make you compromise, money, schools, noise, community feeling.

Thank you for the comments. It is good to know what we are not crazily over expending. I’ll definitively cut some of those $8 lunches at work by taking food from home. Apart of making sense financially, it will also contribute to better health. Cheers,

Thank you for the replies so far. Still in accumulation phase, 2 IPs around $750K and $100K on Cash and MF. Long way too go. Yes, it is less than 10% before tax, but it is a bit more than 10% after tax. We also have allocated 10% of our salaries for saving and investments. I think it is a...

Hi I was looking at our budget for this financial year and started wondering if we are spending too much on Entertainment and Eating-out, almost $15,000 per year. We are family of 4 (children are 4 and 2). I know all depends on earnings and life-style decisions, but Do you think we are...