Join Australia's most dynamic and respected property investment community

Purchasing / Building a Duplex in Logan

Discussion in 'General Property Chat' started by Jarod, 1st Sep, 2016.

Tags:
  1. Jarod

    Jarod New Member

    Joined:
    1st Sep, 2016
    Posts:
    2
    Location:
    Brisbane
    Hi,

    I'm looking at purchasing or building a duplex, as a owner occupier, live in one unit whilst renting out the other unit.

    If I purchase an existing duplex and live in it, can I allocate a portion of the purchase towards tax?

    If I build a duplex and live in it, can I still allocate a portion of the land purchase and building costs towards tax? Also, Is there a huge chunk of tax incentives I will miss out on if I purchase a Full Turn Key package?

    What about ongoing costs to the whole property, can I allocate a portion of the costs towards tax? From council rates to general maintenance.

    Is there anything else I need to be aware of regarding duplexes.

    Thanks,

    J
     
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,145
    Location:
    Canberra and Sydney
    Hiya

    Hit up a good accountant - plenty on here.

    Cheers

    Jamie
     
  3. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    912
    Location:
    Sydney / Canberra
    Are you looking one title or two titles?
     
  4. RetireRich101

    RetireRich101 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,307
    Location:
    Sydney
    most people here refer a duplex as 2 attached dwellings on seperate title. In Logan they are mostly "dual income" properties. These dual income properties are on ONE title.
    The duplex will have not problem, even though you hate attached with a common wall you're still arms reach.
    As for dual income, it's doable just that you need to have few discussions with your accountant ....
     
  5. Jarod

    Jarod New Member

    Joined:
    1st Sep, 2016
    Posts:
    2
    Location:
    Brisbane
    Thanks all for your feedback !

    I'm not entirely sure what the differences will be.