Forum Replies Created
Clars83, when you do masonry retaining walls, how much do they tend to cost per metre?
Thanks
Hi Jamie
When you built your retaining wall with besser blocks, how much did it end up costing per metre?
Cheers
Hi Shane
Was this property on the market or did you approach Housing NSW to purchase it?
Is it in Macquarie Fields by any chance?
Freckle wrote:alfrescodining wrote:I wouldn't write off Japan.They can always just print money.
Have for 20 years… next suggestion.
Quote:They can pay people to breed. Or finally let some immigrants in.Explain to me again how that helps an export led economy with declining export markets
Quote:The sales tax can work...and what do you think the rate should be? Keep in mind that at 1000% they still can't raise enough to solve their debt problems.
Quote:Third biggest economy in the world – unlikely to just collapse…Aagh yes.. the Too Big To Fail theory
So what are you saying by "collapse"? The country will cease to exist? Anarchy in the streets? Sure a relative decline is probable, but a collapse will not happen.
Japan has NOT been printing enough money. There's definitely scope to be more aggressive in this regard, just like America has or even more so. Increasing the money supply depreciates the Yen so exports benefit.
Anyway, if you say a "collapse" is inevitable, then the Yen would also "collapse". The economy can't "collapse" without the currency following, so the economy would be partially sheltered from any major downturn by an increase in export competitiveness.
They have huge foreign currency reserves and huge foreign bond holdings. Most of their debt is held locally. They can raise the pension age or abolish the pension altogether if they really get desperate.
Soooooo many reasons why Japan will not just "collapse".
I wouldn't write off Japan.
They can always just print money.
They can pay people to breed. Or finally let some immigrants in.
The sales tax can work.
Third biggest economy in the world – unlikely to just collapse…
Hi Darryl
How would you avoid being classed as a developer by the ATO, and thereby gain the 50% CGT discount?
Also, what benefit is there in setting up a trust for property development?
I read an article recently that talked about how something like 65% of people are going for cremation these days due to scarcity of plots and the high cost of them. This could cause a permanent behavioural shift away from burial. Also natural (backyard) burial is on the increase with the eco-warriors. However some cultures will always buy plots due to their religious requirements. I also reckon its one of those things where the government could interfere with extra regulations to spoil an otherwise good investment.
Hi Darryl
How would you avoid being classed as a developer by the ATO, and thereby gain the 50% CGT discount?
Also, what benefit is there in setting up a trust for property development?
RPI wrote:Hi DMStructures depend on whether you are going to keep 1 or not. A trust structure is often a great way to go, just sounds like your setup costs were on the high side, If it was for only the trust, was anything else provided.
I would charge $3,500 for a Development site package but that includes
Trust with Corp trustee
Loan Agreement and Registered 2nd mortgage
Conveyance on the Purchase
1 hours advice on any related matter.
You have to be careful if using the same entity for developing and holding, that the ATO doesn't class you as developer and you lose access to the 50% CGT discount.
Don't know anyone in Melbourne sorry,
Darryl
Is it 2 storey?
What state are you in?
You might not need a QS report, HOWEVER some Councils do require a QS report to be submitted with the development application.
Great advice everyone, thankyou.
I'm in NSW, and I can't seem to find a place where a list of complaints against builders are stored and made available.
I've tried the Dept of Fair Trading website but they don't have this kind of facility, unless I'm mistaken?
So stepping stones and gravel would be cheaper then?
Is there something I can use to stop the weeds from going through but also let the rainwater go through into the ground?
Call it a Christmas/birthday present for the next 10 years and forget about the $900 !
I'd rather buy big land in a "lowlife" suburb than paying $1.2 million for a box in the inner city with a 2% yield.
There's much better value out there.
And people aren't lowlifes for living there.
Thanks Terry
So what's my next move for writing off the value of the carport?
My depreciation report said it was worth about $13,000.
Just be very careful – some Councils (most of the western Sydney Councils) would not allow subdivision of a house into a vertically stacked dual occupancy.
Which part of Sydney is the property in?
Hi mate.
If you're in NSW, the Council would definitely require you to obtain approval from the owner's corporation or strata body, since the works would involve intensification of the use of common areas. (If you're outside NSW, I'm not sure – I imagine legislation would be similar).
Ask yourself – would the unit owners really want to permit another person/owner/tenant to enter their complex? Of what benefit would it be to them?
But the main thing in my opinion will be parking. You would be taking away the unit's parking spaces, so where would the occupants of the existing and new units park?
is staging mainly done for high-end new houses?
or is it done for the 300k level as well?
i'm not sure yet – i'm meeting with them on friday.
how much does Phil charge?
Hi Shahin, which draftsman did you use?
I have been recommended to see Residential Logistics in Liverpool.
Do you know if they are good?
