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Much better price! Just met with another plumber down at the house. He was excellent! Not only did he point out a few issues regarding regulations but also gave us a couple options as to how we can be compliant (expensive options & cheaper options) He is getting back to us with a quote, but...

Hey All, We've just started our first bathroom reno and we are at the point where the plumber needs to come in. What I have done in preparation: - Ripped out all the tiles. - Ripped out the shower, bath & sink. - Ripped out the slab (just earth left) - Took the drainage pipes out...

Hey All, I think because the market has cooled and will continue to cool in WA, anyone investing over here and wants to make some money really needs to pick their suburbs with more discretion and create value rather then waiting for the market to naturally appreciate. But yeah, Scarbs...

Exactly what I was thinking. Reading the ATO articles above it refers to claiming depreciation of plant on items which have been partially or fully reimbursed by your employer. Salary sacrificing you are still paying the full amount for the item, but with pre-tax dollars. The item still has...

Salary Sacrfuce & Depreciate Hi guys, While on the subject of notebooks, can you salary sacrifice a notebook and then depreciate it over 3 years? Depreciation would be against work related activities (I work in IT) and for property investing activities. I worked out that if this is...

Those mining wages just keep going up! Ha! Every time I speak to someone about the mining boom and jobs I always hear a new "record breaking" wage, and it's usually for a pleb job! A year or so ago I knew someone who went to work on the rigs as a storeman, $90K... then a few months ago I heard...

Hi All, Scenario Have an existing PPOR with substantial equity. Would like to draw upon the equity by refinancing the PPOR loan to fund the deposit for a new PPOR and the existing PPOR will become an IP. Now even though the refinancing of the existing PPOR loan will increase the total...

Thanks Rolf, I understand, however why is it you can do it within a trust structure situation? (1 trust each buying units in a master trust, which owns the property) What if you default in that situation? Does the bank just take your units in the master trust? I can't see that happening...

Hi there, I'm just waiting for my broker to come back to me about the possibility of doing this but wanted to post it up here for discussion and see if anyone else has expirence in this... wondering if the following scenario is possible: Have an existing property that was purchased...

Belga Anyone? What does everyone think of Balga? Pros Large Blocks 700m2+ Can Get R40 Zoing Close to City Close to Reid Hwy & Freeway Can get a redevelopment block for between $340K - $380K Cons Crime Bad reputation Now I have not done much research at all on Balga except...

Thanks for the replies everyone! Peter - I am going in on the loan to enable us to borrow more, my girlfiends income alone will not be enough to get what we want. So what you are saying is that banks will not lend to two people and only have the security in one persons name? But I will be...

Alex, The definitions in WA seem to be somewhat different, these are from the OSR (WA) website and they conform with what is in the First Home Owner Grant Act 2000. Now under the definition of relevent interest I do not see that by being on the mortgage that I fall into any one of those...

alexlee, I should have mentioned that I have already received the FHOG and have lived in my PPOR back in 2003. Also, my girlfriend and I are not considered defacto or spouses as we have not lived together for more then 2 years. In the application form all the questions relate to the...

In the same position Hi All, Thought I would throw in my 2c as I am in a similar situation and am looking to buy a PPOR in Perth within the next couple of months. Now if I had a choice I would not be buying in Perth, I would be buying in the eastern states, but hey, I need somewhere to...

Hi All, I am looking at buying a place with my girlfriend, she is a first home buyer, I am not. Obviously if we buy together (both on the title deed) then she loses the FHOG and the stamp duty savings. Also considering house prices in WA at the moment, she would not have sufficent income to...