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Ta #Bayview i think it is still the same in essence taxable income goes down with interest paid + depreciation + maintenence and this is again added with rental income which will be -ve geared ofcourse. in essence a really dump tax reform to promote housing bubble and wreck other investment...

Ta unbelievable. for a 300k it will be 7500 in depreciation alone. any rental income with 80% LVR cannot ever cover the depreciation of 7500 and you prety much pay no tax for a good long time and you do get some tax back for high income earner. Tax man is crazy!!

Really Bayview# are you sure 2.5 for that long. one developer told me a new building only depreciates for 3 to 4 years and then stops. i am in mlebourne.

yes i agree that we get depreciation out of new home but i want to know how much? how much return can we expect in depreciation?

Ok i am new to the IP forest and i want to make no mistakes. How do I start of with my first IP property. there is a lot of buzz around IP as brand new property and i dont know what advantages it brings with building a new house than buying existing house? are there any tax breaks if you...