It’s an old thread to revive, but forgoing that, can you subdivide land and not build on it indefinitely?

It seems you need plans to subdivide often. Obviously that’ll increase cost but why not just subdivide and use the equity gained, why build at all? Is the money better because building and deprecation add bonuses?

Any ideas?

No offence but I consider very little on a current affair type shows. I’d prefer inexpert tips on this forum as even the most pedestrian idea here is likely to be more helpful. Thanks though, shade is a consideration.

Thanks everyone this is good advice. It makes sense. Easy things to remember

The thing is, here people are more interested in property so it may not be the widest audience, however I’m sure there are some who have shares too. It makes sense to diversify. The big bonus to shares is the cashflow element. In good times, people often borrow for shares against their house equity. Personally, I’d be very careful with that idea.…[Read more]

Thanks again Terry. I guess I have done the sums but spousal transfer is the kind of tool I need too. I’m not against paying tax, I hate people at work complaining about earning more and paying more tax, but reducing tax is clever.

Redom I like your answer. I normally explain it even simpler.

When we get too many fat people in our society the government bans donuts for everyone, including the skinny people.

Sorry jaxon autocorrect

Jason I’m no specialist. I’d be emailing those questions to your body corp. They’re paid by your they can answer you. I do think you’re likely to be disappointed by your answers though, particularly utilities and gym. Contact them, turn up to their annual meetings, you may be the only person at the meeting. It’s good to go because you’ll learn a…[Read more]

An intelligent and sophisticated question. I don’t know enough to answer it.

One thing I know about though is LVR.

This too has everything to do with risk. I’ve seen plenty of info from people saying this and that gives better returns. For me, I consider it from someone who has little to invest and must burrow. The ability to borrow so much…[Read more]

Done

I’m a beginner too, but I reckon that property’s asking range is a bit narrow.

Darryl,

You are too nice. You can just tell people to put that in their pipe and smoke it. You are where so many of us want to be.

Congratulations.

Dear Richard, can you send me one too please? I’d be interested. Thanks.

Wilco, how did this go? I’m interested in doing something similar and need advice.

Is it profitable to buy the land, get your subdivisions and sell the plans to a developer? This would save me the huge finance.

Property I’m thinking is already $1m, the development would be another $2m. I can’t afford it. What would you recommend?

Ever had a…[Read more]

Fair enough Richard,
wish there was a neater archive that compiled things.

Magic, this is a great question.

My first ever self help money book was the millionaire next door. It taught me that people who look rich spend their money doing so much of the time.

Then the richest man in Babylon. Taught me no matter what, simple budgeting and saving something was an easy way to get ahead.

After some time I went to the…[Read more]

Bangers I would think it has to do with deductions.

Using offset or redraw on an investment has its place but when they say not a good idea it’s back to the negative gearing theory that you save more money and get better roi by having a loan. So reducing that loan means your money isn’t working as hard for you.

Using offset for non deductible…[Read more]

Jamie, I’d like to hear what you normally advise, do you normally say, all interest only loans, do you say one with an offset, what would you typically encourage for someone who wants to build a multiple property portfolio?

Thanks,
WTR