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Does anyone have any experience or knowledge of deferring cgt and what are the penalties? Someone mentioned 15% to me. Also after what date does this penalty interest start accruing? Eg property went to contract and sold in 2011 tax year, is the cgt due in feb 2012? Will penalty interest...

Hi Folks, We have some cash flow issues at the moment yet wifey does not want to sell our PPOR as we are having a baby soon. I have sold one IP, one other has gone down in value and the other two are side by side in a development area and do not want to sell. Can I rent this off my wife...

I am thinking of selling a property or 2 through these guys - has anyone had any experience with them? i recently sold a property through an agent and had a good experience but still cost me over 10k so thinking of saving some cash this time around. Essentially you do the open home yourself...

In 18 mths I have sacked White Knights and am about to sack Harcourts Logan. Harcourts were good until the property manager left and now have crumbled.. They have not returned 3 emails and a ph call to the principal was met with a rude 'I dont give a damn' response. I am a very easy going...

I have a 'junk mail' brochure at home for Dixon homes - I havent bought off them before, have had mixed reports.. Anyway that is another story. According to the brochure, You can buy a 2 bedroom granny flat without a garage for $94 200. I flip the page and you can get a 4 bedroom, 2...

I was most excited when my good wife discovered some rendering paint in bunnings. You simply paint over your bricks and it fills in the gaps as you go along. Now she has done a small sample downstairs, i dont have any pics but it looks pretty good. It would look even better if she didnt scrape a...

Woolloongabba 10 storeys Bought a place in buranda (woolloongabba the dodgy part) 10 yrs ago 500sqm and since then it has been rezoned. First to Light medium residential and now to high density residential. I couldnt do anything with my block as is but the person next door was selling so...

What are your thoughts on the Brisbane market over the next few years? I am not sure, have offloaded one property recently (to buy another) and am thinking of offloading another to reduce debt. I heard about the 90's lull, my dad bought his first IP and it was worth less 5 yrs later than he...

Hi, I have recently refinanced an IP and have accidentally set it up the wrong way. Instead of having 200k loan balance and 123k in LOC / Offsett, I have 320k in debt that I make repayments on and 123k in a normal savings acct. I assume this would easily be rectified, but which way...

Was thinking about funding my girlfriends deposit for an IP from my LOC. Does anyone know whether I would be able to claim the tax deductions for the interest I will be paying out of my LOC even though the IP will be in her name? Common sense would say no yet I am hoping the answer is...

With all this talk of 80% lo docs becoming obsolete (without verified BAS statements which I dont have) I have to either buy something within the next few weeks (havent even started looking yet) or come up with another strategy.. Any ideas as to whether the following would work? Was thinking...

The other day I was chatting with a REA that was getting desperate to sell a place backing onto the main road. His words were: "'The main road isn't noisy at all, it is like the waves in the ocean rolling into the beach. Really quite soothing actually.'' Made my girl and I laugh when I...

Would anyone recommend a good accountant for Brisbane - Inner South or South East.. Dont mind travelling a bit if they are good. Savvy on property stuff.. Just for my tax return.. Perhaps this could be you or someone you use.. Cheers.

I have just found out that my house is in an area that has been rezoned so now they are allowing 3 storey development in the entire street. It's an ugly house, ugly area, approx 500sqm, recently valued at 420k (Not sure whether the valuer knew about rezoning?) A developer has offered me 750k...

I am a little confused.. I have been given a few ways to calculate my borrowing capacity for Lo Doc loans. Someone told me it was; Value of properties 740k x 80% 592k minus debt 456k = 136k If the 136k is...

With 900k capacity, I was thinking about buying here... I was thinking... Spend 550k in the inner 7km ring (coorparoo, annerly, wooloowin, kedron etc )now it is hot, and spend the remaining 300k in the ipswich belt where there is likely to be a lot of growth over the coming years.. Or...

Well here is a risky scenario for the brave (or silly?) investor. Is it possible to purchase a number of properties through different lenders without advising each lender. This would double, triple, quadruple your borrowing capacity.... And your risk... Would it be worth taking a chance...