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  1. J

    Restumper in Melbourne

    Hi all My wife and I have recently purchased a PPOR in Port Melbourne. It's an old single fronted weatherboard victorian. It needs a lot of work, of which restumping is one. Does anyone have any suggestions for a good restumper? ie fairly priced, will do a good job and good to deal with...
  2. J

    New loan advice

    Any thoughts folks?
  3. J

    Suggested insurance providers?

    Hi all I"m looking to establish insurance for my wife and my recently purchased PPOR (we settle mid Jan) in Port Melbourne. It's a 1870s single fronted victorian in very original condition. One question insurers are asking is whether it has been rewired recently. Access to the property is...
  4. J

    New loan advice

    ok, so an update. The loan approval has come through formally and we've signed the docs committing us. They are not going to charge the $700 loan est fee. And I asked about whether they were prepared to talk about a reduced variable rate. I explained that there are better rates available and...
  5. J

    New loan advice

    Hi all My wife and I are currently purchasing a new PPOR and have just had our finance approved through westpac. My wife's finance on her previous property which we have just sold to fund this new purchase was with also with westpac settlement day is in fact the same). They are offering us...
  6. J

    Treatment of depreciation for CGT calcs

    Thanks Geoff and Mike, your answers are most helpful. I'll be taking this to my tax agent at the end of the FY, but was wanting a rough idea so that I can budget (know what to put aside) for CGT. You've been a great help, so thank you :)
  7. J

    Treatment of depreciation for CGT calcs

    Many thanks Geoff. So if I understand you correctly, in my example, say the amount I had written off as building depreciation was $5k, this would mean that I would be up for adding a total of $12.5k to my income for the financial year and I'd pay the marginal tax rate on that amount (ie max of...
  8. J

    Treatment of depreciation for CGT calcs

    Hi all I've tried searching for this, and amazingly have not been able to find a clear answer... I've just sold an IP and prior to the sale was claiming deductions through a certified depreciation schedule. I am trying to understand how this will effect the CGT paid. Some basic figures...
  9. J

    Appliance technician Frankston, Vic

    Hi all The oven at one of my IPs door won't close. It seems to be a hinge issue leading it to not seal properly. The property is in Frankston. Can anyone recommend a good appliance technician in the area? Cheers Jeremy
  10. J

    Clarification of Six year rule

    Great, no reason not to proceed then. Thanks Terry!
  11. J

    Clarification of Six year rule

    Many thanks for this Terry - as I read it the relevant part is under section 2 " for the purpose of producing assessable income"... so in other words my advice to my friend was accurate?:)
  12. J

    Clarification of Six year rule

    Hi all This is a simple question, I think, which I’m sure has been raised previously, but I’m unable to find advice that is clear. The question is this: Does the ATO require individuals to have a reason (other than for financial gain) to rent out their PPOR in order to rent elsewhere and...
  13. J

    Recommended PM for Abbotsford,VIC

    Thanks Oneworld. Any one with other thoughts? I'm also interested in what is a reasonable rate to pay??? Having asked friends with properties in the city, port melbourne and st kilda road, they think 7.7 is normal...
  14. J

    Recommended PM for Abbotsford,VIC

    Great, thanks MelbGal. Do you mind me asking which PM you're with? Would you recommend them?
  15. J

    Recommended PM for Abbotsford,VIC

    Hi folks Just looking for any recommendations to lease a property furnished (or not furnished if necessary) in Abbotsford, VIctoria. I've done and search and two recommendations were Ray White and Hamton. I'll speak with them today. Secondly, any thoughts on what sort of rates are...
  16. J

    6 year rule converting an IP to a PPOR and then possibly back again

    I have never lived in this IP previously, but have claimed the FHOG on another property, which I have sold previously. The purpose of this exercise would be simply to establish it as my place of residence, before temporilily moving out (for up to 6 years), thereby enabling myself to exemption...
  17. J

    6 year rule converting an IP to a PPOR and then possibly back again

    Hi all Apologies for asking this question again, as I'm sure it's been answered lots of times, but I can't seem to find the answer... My scenario: I currently have 2 IPs with no PPOR. I am renting with a friend (not in either of my places) and a financial advisor has told me that I could...
  18. J

    Where to spend $390k in greater Melbourne

    Zed kid, what sort of price range do you need to look at for the subdivideable block which you are looking for?
  19. J

    Where to spend $390k in greater Melbourne

    Hi Vicbitter, just wondering why it is that you suggest Werribee?
  20. J

    Where to spend $390k in greater Melbourne

    Noted, good tip Z-kid, thankyou!
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