Hi peeps , i've been a lurker on this forum for quite a while now, and finally decided to join and have a input.
i've been searching for a investment property for a few months and have finally found something worth investing in, and have a few quick questions.
the package im purchasing is on this site.
http://www.investmenthomes.biz/index.php?option=com_content&view=category&layout=blog&id=8&Itemid=9
-Firstly can i claim depreciation on a new property even if it is positively geared?,
-Secondly, does positively geared mean any money you make above your intrest repayments per week? or all your expenses per week including intrest repayments ,rates, agents fees etc...
hope i'm not sounding to confusing, any help would be appreciated
i've been searching for a investment property for a few months and have finally found something worth investing in, and have a few quick questions.
the package im purchasing is on this site.
http://www.investmenthomes.biz/index.php?option=com_content&view=category&layout=blog&id=8&Itemid=9
-Firstly can i claim depreciation on a new property even if it is positively geared?,
-Secondly, does positively geared mean any money you make above your intrest repayments per week? or all your expenses per week including intrest repayments ,rates, agents fees etc...
hope i'm not sounding to confusing, any help would be appreciated