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hi all, i had a depreciation report done when I purchased an IP a few years ago. i recently did a comestic renovation in the tune of about $6000. would it be worthwhile to get a new depreciation report done, or is there a way to amend the existing depreciation report? cheers

hi, i'm wondering from a depreciation perspective whether a large titled garden courtyard (80-100sqm) will add to the depreciation benefits as compared to a similar unit with two balconies. the building is 9 years old with 12 units in the building

hi im currently doing my due diligence on a property purchase it's a 2/1/1 unit, 9 years old building, with a massive 100 sqm of tiled courtyard space on title. the unit is on a raised ground floor. it's in a working class suburb in western sydney. i'm wondering how much value the courtyard...

Hi there, I'm wondering how I can finance my next IP purchase. I want to minimise the use of my own capital as this is currently used to offset my PPOR. I've got some spare equity in an existing IP I want to tap into. Do I: a) Increase my existing loan b) Set up a Line of Credit c)...

I'm currently looking for opportunities to purchase a unit in sydney, walking distance to train station, newish, high rental returns with decent demographics. Are there any good websites that can quickly list out the rental yields by suburb?

Hi, Just wondering if it's possible to get a depreciation schedule commencing from when a PPOR became an IP. When I enquired with the depreciation peoples they said the depreciation would commence from when the property was purchased. But that would mean the amount claimable for the...

Hi There, I have a line of credit secured against my first IP. I drew down half of it to fund purchase costs for my subsequent IP(x), and the other half to fund purchase cost of IP(y). If IP(y) becomes my PPOR, and I wish to repay the amount I drew down for this property, can I do so...

hi just wondering if i'd be able to claim full CGT exemption given the following scenario: 1) purchased first property using FHOG 2) lived there for just under a year 3) moved back home with parents and rented out the property 4) moved into wifes property (her name only) 5) sell first...

hi all, late last year i had my PPOR listed for sale then i moved out so property became vacant then 2.5 months later, still no sale then decided to lease out the property instead it is now a rental property with tenants moving in tomorrow question is, for the period that the property...

Hi all, Having an major issue with another tenant in the same building. For context here’s the history: - I lived in the unit for 2 years (PPOR) - Trouble tenant from other unit in same building was being a royal nuisance during that whole time: Yelling in the middle of the night, loud...

Hi all, I was hoping you can advise on whether the following scenarios would muddle tax deductibility or not. Currently I have an offset account against an IP. I instructed my Propery Managers to deposit rent money into the offset account. I instructed my lenders to withdraw interest...

Hi All, Hoping someone might be able to point me to some materials on achieving wealth through investing in the share market. Ever since i read Yardney's book back in 2007, I've been hooked on property investing and now have a sizeable property portfolio. His book helped me realise it was...

Has anyone purchased this book and would be willing to provide their review? I've got the first edition of his "how to grow..." and was wondering if this book contained any new information.

Should the distance to the ADSL exchange be a factor when purchasing a house? The following link provides you a heatmap. http://www.tpg.com.au/maps/ My current flat is <1.5km and I'm loving the fast ADSL2+ speeds, whereas my folk's place could only get ADSL1 and was over 4.5km away from...

My current PPOR is approx 70% LVR with approx an additional 100K sitting in an offset account. I'll be taking out a 90% loan for a $650,000 property, and in funding the deposit and purchasing costs (13~14%) should I: A) Take out an equity loan against my PPOR taking the LVR up to 85% (LMI is...

hi, i'm looking to purchase a property as joint tenants with my wife. we currently have other properties in individual names. we're looking to draw down equity to fund the deposit for this next purchase. say if i draw down 10k and she draws down 100k how will the tax deductions be...

Hi All, I'm currently looking for a new tax accountant in northwest sydney that can help me prepare my tax return. This person should be investment savvy - in particular property. Otherwise, any advice on how to find one would be great, and tips on how to assess whether they're any good...

Hi All, I'm in a bit of a dilemma at the moment...hoping to get some advice on what I should be doing to turbocharge my wealth creation, but at the same time making sure I secure a quality home for me, my fiancee and future family. Current situation: -both earning median sydney salaries...

Hi All, My partner and I bought our first home together using the FHOG in May this year. We rented the property back to the owner whom vacated the property just last week. We're getting married in January and only then do we intend to start living together in our new home. We want to find...

Hi All, Quick question regarding special levies: On my latest statement from my property manager - there was an item for ~$1000 for "repairs and maintenance to the common property". This is on top of the regular contributions. When I queried this my property manager advised that it was...