I am planning to sell my owner occ property (4 bedroom) in Endeavour Hills, Melbourne due to many reasons, mainly personal like not comfortable with too much debt and also too far from school and public train station. Currently school drive is more than 35 mins sometimes in mornings (due to traffic in M1 and M3) and similar in the afternoon. And planning to put in the market early next month. Today just read in the news Melbourne market is not great. I purchased in March 2021 (for $752k)... Should I sell ..read more

Hi, Looking at buying an IP in Melbourne East with as much land as possible, so down the track (probably 10+ years) it would have the potentially put 3 townhouses. Can spend probably up to $1.6m. I’m thinking of this as a bit of a property hedge for my children. We live in the Boroondara area, so no chance there, but ideally within 15 minutes. Happy to hold and rent for a while. Have been looking at Blackburn, Burwood and some surrounding areas. There’s seems to be some investor /... IP with long term options in Eastern suburbs to 1.6m ..read more

Hi In the same FY, I purchased an oven because it was on sale and kept it in storage. Then later on in the same FY I had purchased an IP, tenant advised the oven broke and decided to use the aforementioned oven as a replacement, can I claim this as a deduction? Or, can I only claim that replacement item only if it was purchased after I've acquired the IP ..read more

I am about to demolish the house and build multiple units in Blackburn. After the demolition i need a plumber to put a cap on sewer pipe. Do i need PIC number for demolition from Yarra Valley water? The plumber is saying he cannot issue a certificate without PIC number? Do i need to stop the demolition before PIC number is issued for demolition? Or can i go ahead with demolition and once the PIC number is issued then ask plumber to put a cap on sewer? I am yet to get a building permit... PIC number for demolition ..read more

I see on the forums here are many meetups happening, ostensibly to discuss property investing. Which expenses in these meetups are you guys (as professional investors) claiming tax deductions for? e.g. transport, dinner, beer, more beer ..read more

I am just wondering if anyone has had any positive experiences with Sydney Local real estate agents that are familiar with Heritage Properties and being able to speak to buyers with knowledge and reassurance as well as selling the benefits of a heritage listed property. The particular area being looked at is the eastern suburbs of Sydney ..read more

I've noticed recommendations on these forums for different Quantity Surveyors in multiple posts. I had a chat with a couple and they all seem to claim to be a 'industry leader' in one way or another. As a property investor, how do you select yours? How do I differentiate between the top results in Google? BMT DuoTax Depreciator Washington Brown ..read more

I have been looking at apartments near city (not in CBD itself ) and there seem to be a big supply of apartments on Queens Road Melbourne. The area seems residential and greeny and prices are cheaper compared to neighbouring suburbs like Windsor, Prahran. But what I don't get is that they are not really moving fast. There are many that have been listed in the past but not sold. I wonder why if anyone has some knowledge on this ..read more

Saw this tweet from Pete Wargent. Big 4 lenders piloting new programs for moar 5% down/lending into standard resi, up to $8m value, zero LMI, 100% offset Minimum $2m loan for homebuyers, investors, P&I, and interest-only Qualifying NSW postcodes shown, 200 locations in total nationally Click to expand... https://twitter.com/PeteWargent/status/1781937260977676522?t=RrCkYPC6prOqNiYY2YVw3g&s=09 Anyone seeing this? Is this something that's becoming available now? Seems crazy ..read more

Hi all, Looking at different home loan options at the moment for a first home purchase. Looking at apartments around $700,000 I have a total of $120,000 in funds for the deposit (in Ubank) I want to keep at least $30,000 in the bank for backup purposes and to be able to pay off the loan faster if needed. Are there any specific features of a loan I should look at when dealing with these requirements? I'm currently banking with Ubank, which has Flex variable - Pay off your loan faster... Home loan options/features ..read more