focus123 » user profile

Thanks, I updated the poll option to reflect the correct MLS outcome

Thanks for the comment mate. 15 years ago, there was a time where my wife and I only had less than $4000 in the bank, and both of us…

Thanks for the input, we as a family haven't had income protection insurance and my super does not cover job loss. it covers death, TPD…

Yes, If one of us lost the job for whatever reason, then it'll become a big burden and we'll have to sell the investment property anyway.

Thanks for the link. I will have a second look as if extra super contributions are included for the purpose of MLS calculation, it will…

My wife is happy to give up our current PPOR to reduce the mortgage stress and improve the quality of life in the best time of our lives…

The 70k is already taxed at our top rate and currently sits in our bank accounts. When we put that money into super, we can claim it as a…

Actually, that's a good point there. If we put 70k in super we get back 25k, so essentially we lock out 45k which will grow within super…

It doesnt work like that. The interest can only be claimed for the lowest balance of the mortgage, which is about 240k in our case. even if…

Forgot to mention, we will get a private health cover to avoid MLS next financial year. It will be like breakeven when health insurance…

We’re facing an unusual financial situation due to an unexpected increase in our income this financial year (FY 23/24), plus some…

The Lucky Lotteries Mega Jackpot has gone above 19 million now. There are 200,000 raffle entries to purchase; if someone buys all entries…

Its the initial cost of purchase (stamp duty etc). I think it is not included in the capital gain.

All TAFE's follow a national curriculum. If you look into the course code, there is a national course code that defines what areas are…

The amount claimed under depreciation gets added to CGT liability at the time of sale.…

Yes, when the rate of appreciation dropped to 4% it reduce the profit by a big margin.

Thanks mate. Actually the investment will be shared with wife. So it reduces the CGT paid to the government. Added it under the update 1.

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Thanks for bringing this up. Seems like I used the house price history (which is not the correct one for units)…

Thanks for this hint.

Yes, the total depreciation amount increases the capital gain. I added 7500 depreciation per year over 10 years to get 75000. That 75000 is…

Thanks, The maintenance part is about 1000 to 1500 in my assumption. I used the historical property value data from 1998 to 2020 in…

Thanks for pointing that. I think I got lost between the actual cashflow loss and the deductible amount that can be claimed in tax

I left 2 weeks without rent to compensate for the periods in between tenants. Hence the 50 weeks rent instead of 52

Got the PPOR covered by offset and extra money now sitting in a savings account that earns 5.3% interest. 100k will remove the need of…

Dear Ozbargainers, I'm trying to do some math on negative geared investment property and I am not sure if I am getting the numbers correct.…

Thanks, Plus we have requested from the government to defer the contract signing until July to get the benefit of Stage 3 tax cuts for the…

Hi, I thought to give an update on this. We hired a lawyer and the lawyer arranged an independent property evaluator. The independent…

I have an S22 Ultra and my battery life is bad, I get only 6-7 hrs Screen time (Teams meetings, YouTube, and about 1hr Roblox gaming) from…

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