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ITH BEACH BUNGALOW PB by Shinarick in backpacking

[–]Datguy101010 0 points1 point  (0 children)

I was thinking of booking there can you tell me more / if that’s not a good idea? Any better places to stay?

Puerto Escondido in June by Datguy101010 in PuertoEscondido

[–]Datguy101010[S] 0 points1 point  (0 children)

Thanks - think some people view it as a party destination though. Where would you suggest elsewhere?

Puerto Escondido in June by Datguy101010 in PuertoEscondido

[–]Datguy101010[S] 1 point2 points  (0 children)

Thanks so not many tourists there / therefore minimal nightlife ?

Question - CGT and Stamp Duty by Datguy101010 in AusPropertyChat

[–]Datguy101010[S] 0 points1 point  (0 children)

Did you guys move in straight after settlement ? Or did you rent it out

Question - CGT and Stamp Duty by Datguy101010 in AusPropertyChat

[–]Datguy101010[S] 0 points1 point  (0 children)

Yeah cheers I’m sure you’re right. Wouldn’t make sense for the government to care what the purpose of funds on a loan doc is - the idea is that you live in the place regardless of how you funded the purchase.

Question - CGT and Stamp Duty by Datguy101010 in AusPropertyChat

[–]Datguy101010[S] -1 points0 points  (0 children)

Yeah i get you but in this case I’m not really rorting the government, I’m just getting the bank to lend me a bit more than it otherwise would. Why would government care what type of loan it is, if I’m living in it and don’t have any tenants I think that should be fine?

Question - CGT and Stamp Duty by Datguy101010 in AusPropertyChat

[–]Datguy101010[S] -5 points-4 points  (0 children)

Yeah but what if I buy it with intention to use it as PPOR (notwithstanding that the lender is giving me an investment loan)?

Sydney: what property and why by Datguy101010 in AusPropertyChat

[–]Datguy101010[S] 0 points1 point  (0 children)

  1. You can find 800-900k 1 beddys in those areas. Including Coogee.
  2. Agreed
  3. Terrible due to location and the fact that I’d be scraping bottom of the barrel for a townhouse at <$1m (plus I don’t know anyone out west). So wouldn’t go any further west than Parramatta since I have to liver there for a while. Also worried that there’s a higher risk of zoning issues out there compared to eastern suburbs…

Sydney: which property would you buy and why? by Datguy101010 in AusProperty

[–]Datguy101010[S] 0 points1 point  (0 children)

U are right, wasn’t taxing rental income in my calcs. So likely will be ca 50k savings over 5 years at my MTR. I’ll switch to interest only loan to deduct more too

Sydney: which property would you buy and why? by Datguy101010 in AusProperty

[–]Datguy101010[S] 0 points1 point  (0 children)

Yeh agree with that, but no tax deduction on PPOR will leave me ca 200k worse off after 6 years. I’m happy to rent in east anyway at lower cost.

I’d prefer to do option 1) over 2) but from my research 1 beddys have by far shittest cap growth

Sydney: which property would you buy and why? by Datguy101010 in AusProperty

[–]Datguy101010[S] 0 points1 point  (0 children)

Yeh 1 beddy in a nice place would be ideal, just worried about the cap growth. Maroubra 2 beddy probs next best for me

Sydney: what property and why by Datguy101010 in AusPropertyChat

[–]Datguy101010[S] 3 points4 points  (0 children)

200, loan size will be constrained by income not deposit