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Hi guys, I am looking to rent out my property in Leichhardt in NSW. Anyone here had any experience with R&W, McGrath or any other agents in the area? How are their service compared to each other? Is there any specific PM that you would recommend for the area? thanks for your help Nanuq

sounds like a good idea Liz. I will give it a go.

Hi guys, I was wondering if I get some advises on what should I do. There is a property I am interested in buying. The vendor said there is a potential for rear driveway access, but upon inspection I found that there is a storm water inlet/sump at the footpath. Putting a driveway there...

Is there any special tax benefit from doing this? No, I am currently looking to buy in innerwest within 5km of where I currently live. The market has been very strong in the past 12 months, it has gone up by approx 10%, and I find it strange that the price still goes up dispite the interest...

i agree with you on the servicebility part. that is why when I look for IP, I look for houses with yield that is not too much lower than units, houses close to but not too close to shops, transport and school is always a plus. Alex, do you invest in areas you dont know well? I guess when you...

Hi Alex, I hear all the time "IP is all about the yield" , but what about the capital return of the IP? I know that its all paper profit untill you sell the property and when you sell CGT occurs. But when your IP has strong capital growth, you can draw out the equity by refinancing your loan...

what about buying a freshly renovated old house? How can they find out how much to depreciate without having the vendor to provide you original receipts for the renos?

thanks for the info. how come only 30% are written off in the first 10 years? I thought 100% of the bld cost are depreicable over the 10 years period.

hope you guys can help me with this. I am looking to buy a brand new apartment as an IP and would like to get an idea of how many % of the apartment are depreciatable over the 10 years period? I know this valuation are usually done by a valuers, but I am sure alot of you guys here would've...

income I picked income but it will only be temperary. People have different priorities at different stages of their life. My ideal progression would be to work hard for money untill I have a family and kids then try to find a job that is more balanced. For those who have the different mind set...

why would the vendor sell the property right before the auction? The only reason they would do this is when they think your offer is very like to be the highest price he can get from the auction. I am sure the agent will contact all potential buyers who came to the inpection and ask them if they...

How about drawing the fund from the PPOR equity for investment purposes, and use the fund to purchase another IP or a share portfolio. By doing so you will have 2 properties with mortgages attached to them and some cash on hand to invest elsewhere. Would this be a better idea if you do not mind...

I thought your PPOR is automatically determined by where is your current main residence. The fact that can only have one main resident at a time means if you live in the IP, your PPOR automatically becomes your IP? That’s what I thought anyway. If I was right, you can draw out the equity from...

have you consulted your solicitor about OSR's point of view about your current marital status? Do you have joint accounts or any other relationship with your partner that OSR would look at? I know the biggest test for a de facto relationship is that you are living together, but I am not sure...

thats probably a old generation accountant you are talking about. I am an accountant, have some adventures hobbies like circuit racing and I like all of thsoe extreme fun-park rides (I got to try sky diving and bungy someday) Sexy?... I am not too sure; better leave that for other people to...

Alexlee, Lizzie I was kind of expecting the rate rise this morning. Although people say, and I think rate rise of 1-2% in the near future is very unlikely, but who knows whats goig to happen tomorrow. I have been lucky in my investments and career so far (touchwood), and that “it will never...

Marty, I will buy it to live in and then rent it out at a later date. So it will be owner occupied at first and then change to investment. cheers

thanks for your replies guys. Yes you are right, I will need a massive mortgage to secure a 850k house. The mortgage would be about 600k and the fortnightly repayment will be 2k fortnightly at 7% of interest rate over 30yrs term. Our jobs are quite secure and they bring home close to 3k per...

hi all! Ive decided to join this forum after reading a few threads. It seems like a friendly bunch here! Im high 20s and getting ready to buy my first home with my fiance(wife soon) mid next year. My fiance and I would be able to afford something around 850k but dilema here is whether we...