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Hi, I have a mate who is renting out an IP to a senior tenant and he is enjoying seniors concession on the Sewer/Water service charges as well (He is not a senior). I am also renting out an IP to a senior tenant but I currently don't get the discount though. So I was thinking of calling up...

Hi my fellow forumites, I have a predicament (partly of my own making) with my body corporate fees. I just moved into a new townhouse in a new development (1 of 4) and a body corporate was just set up. We have received our 1st fee notice and was quite shocked. So, I would appreciate...

Hi all, A tenant will be vacating my IP soon and I plan to do some repair work as well as a bit of renovating. I have a full time job so I expect everything to be in about 2-3 months. Would I be able to claim tax deductions (e.g. loan interest) for the repair/reno period even though it...

Hi all, I am selling one of my investment properties and have received a decent offer but with a subject to sale of his PPOR clause. His PPOR is listed for auction in 3 weeks and my ppty agent is confident that it will be sold on the day (or a cynic would state that's what any agent would...

Hi all, I was thinking of installing a staircase with wooden steps and glass side panel in my 2 story townhouse. The builder came back with a quote of just under $10K ! Almost fell off my chair as I expected less. Maybe my expectations are unrealistic (I've never had this done before)...

Hi all, My first time moving PPOR and I think I made a boo-boo. I bought a new place which settles on 15/1. Then I sold my current PPOR with settlement on 31/1 - thinking that I would give myself 2 weeks to move leisurely (didn't mind paying double interest for a while) to the new home...

I own an IP with my wife as joint tenants and currently we have a loan on it with both our names. So at tax time, we have to split the interest 50/50 when we are calculating our interest deductions. However, if we refinance the IP loan into a single name (myself since I am the higher income...

Hi all, I am going to build a PPOR house from scratch and will be engaging an architect to come up with a personalised house design. Can anyone recommend a good builder in Melbourne to build the house if we provide the plans ? The only builders I am familiar with are the mass production...

Looking for a good divorce lawyer ... not one who is out to stir things up and prolong the case just to get more money ... i have a friend who had one like that and his divorce was a nightmare ! Anyone who has gone through the process got a good lawyer in Melbourne to recommend ?

I have an IP townhouse unit in a block of 3. Its the street facing unit and it has its own driveway (there is a separate driveway to the 2 units in the rear to the side of my unit). There is a body corporate looking after the common property. I have had it for about a year and it hasn't...

Hi all, I am experiencing my first tenant issue in 4 yrs of being a landlord to several properties. And it is quite stressful I must say. Here's what happened ... the central ducted heating in the house stopped working intermittently. We had it repaired but it kept breaking down. Finally it...

Hi all, I have an IP where the central heating/cooling unit has broken down. I had a couple of tradesman in and they both came back with the advice to replace the whole thing. Apparently, the brand "Airwell" has closed down sometime ago and getting new parts in almost impossible and will...

I was thinking of buying a block of land, subdividing into 2 blocks, selling one off and building my home on the other block. I don't have enough $$ to build 2 houses so I'll prob have to sell 1 block as empty land. However, a worry I have is that the purchaser will build a really crappy...

Just reading the main highlights of today's plan ... it would seem that the big suburb winners would be ... - Caroline Springs and Werribee (new train stations) - Yarraville (getting big trucks off the roads) ... so one would assume good appreciation in the house prices down the track ?

Like some people, I have made a mistake with my initial loan structure that now makes it quite difficult to switch my PPOR to an IP and still maintain tax deductibility of the loan interest. My PPOR is valued at about $350K and my loan is $150K with about $50K in redraw. Lets say, I refinance...

Hi all, Can someone please recommend a good accountant situated somewhere in Melboune's west ? Thanks !

I plan to move houses in a few years time but would like to keep my existing PPOR and convert it to an IP. However, I am not sure what is the best way forward in terms of ensuring that the loan (on the existing PPOR) is tax-deductible when it becomes an IP. My PPOR home loan is a “salary...

Hi, I am considering converting my PPOR to an IP. How do I value the property before I convert it from a PPOR to an IP (for determining the cost base to calculate future capital gain) ? Will a valuation from a RE agent suffice ? Or does the ATO have a list of approved valuers that I...

Reason why I am asking this question is because AAMI only offers policies with a $10m public liability cover (while other insurers offer a more common $20m liability cover). Am I placing myself at a huge risk by going with AAMI ? Thanks !

I just bought a new IP and intend to do some initial minor 'repairs' - like a new paint job, cleaning of carpets and walls, polishing timber, etc - to it in order to make it rentable. I am aware that initial reno are considered "capital works" in nature and have to be depreciated over time...