You’ll find heaps of free downloadable templates, spreadsheets and calculators at http://www.propertydivas.com.au.
Membership is FREE!!

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

The tax office have a publication that you can download that lists all the expenses and decline in value amounts claimable just go to
http://www.ato.gov.au/content/downloads/NAT1729-06.pdf
This topic is also explained further at http://www.propertydivas.com.au

Cheers,

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Subdividing is when a piece of land is split into two or more pieces (ie separate lots). The process is controlled by the local Council. Planning codes and procedures vary significantly between Councils and also between States and Territories, as do the relevant fees and charges.

Factors to examine when considering a Subdivision
• Local tow…[Read more]

Being a Qld girl I think weatherboad on steel stumps is the best way to go. Better ventilation being raised off the ground which is great in a humid area like Qld. Also the soil in many areas has a high clay content so movement is innevitable so the stumps can be adjusted, whereas with “slab on ground” you’ll need to underpin which is very…[Read more]

Yes I attended the Brisbane Masterclass in April 2006, although I believe the format has now changed.
I would say that it was targetted more to new investors and those just starting out. While it didn’t provide me with a lot of new content it did confirm that we are heading along the correct path and it was great to mingle with other like minded…[Read more]

You should first visit the Council and ask to speak to someone in the Building & Development Section. Ask them what the policy and fees are in relation to:
Local town planning regulations
Land zoning restrictions
Min. size of lots
Access to water and sewerage services. Do they need upgrading?
Setback requirements
Min. building envelope
Parks and…[Read more]

One of the cheapest ways to rid the smell of pet odour is to flood the area with “Cloudy Ammonia” , soak, and then go over with a steam mop. Test a small area first as it may change the colour of the timber. I use it all the time on the tiles around our toilet as we have boys!!

Amanda
“It is better to be inconspicuously wealthy, than to be…[Read more]

Hi Jaffasoft,
Which on-line ABN registration are you using? The one at http://www.abr.gov.au is easy to use, and you can also apply for a TFN.
There is also a good “help” section.
Also an ABN number takes around 28 days to issue from lodgement of the forms.

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

I got in for FREE, even better by using my API magazine ticket.
I too enjoyed the Expo and purchased Gary Seeto’s new book for the bargain price $20 which he personally autographed. I also got a chance to see his new boardgame ($330 – ouch!) I also caught up with Michael Yardney, who is looking fantastic having lost some weight.
We even got free…[Read more]

I’m an ex number cruncher myself and note that the industry has changed a lot since GST was brought in.
Business is that good that Accountants now ask the “bad” clients to leave preferring to concentrate on the one’s that pay bills and never phone to complain.
I worked for 15 years mainly with small business people and always took the time to to…[Read more]

A small but enthusiastic group braved the Brisbane chilly conditions last night and met at the Breakfast Creek Hotel for the inaugral Brisbane North Get Together.
Colin’s “orange” shirt was more a shade of mission brown, but after a few drinks it was hard to tell !! This was a great opportunity to network and put a face to a name, and well worth…[Read more]

Hi Cata,
I just wanted to clarify is Wednesday night for dinner or just drinks and a chat ?

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

I too would also like to say a huge thank you to both Steve and Dave for providing this FREE forum service to us property nuts. I have linked up with some amazing people from this site which has given me the motivation to continue on the road to financial freedom.
I also enjoyed attending your Masterclass in Brisbane and wish you every success in…[Read more]

Wow. I also read this impressive story but didn’t realise it was our very own “Dazzling”. Nice to put a face to a name.
First “Dr X” and now “Dazzling” where will is stop !

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Hi Ned,
Yes I too must admit having worked in tax accounting, but happily in property investment now. I would appreciate it if you could explain further about the ATO backflip on building writeoff and the section about non deductible interest ?? I’m sure it would be of interest to others also .
Thanks,

Amanda
“It is better to be inconspicuously…[Read more]

I think Elka has covered most issues but if you’re not sure the tax office have a free booklet called “2006 Rental Properties” which you can dowload or get posted out:

http://www.ato.gov.au/individuals/content.asp?doc=/content/66031.htm&pc=001/002/042/011&mnu=5394&mfp=001/002&st=&cy=1

Amanda
“It is better to be inconspicuously wealthy, than to…[Read more]

Very sound advice here from Richard but I think you need to talk with either a Solictor or Accountant as each persons personal situation differs and its impossible to really determine here all the circumstances.

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Hi Nats,
One of the major benefits of lodging through your Accountant is that they receive a lodgement program allowing them to lodge tax returns as late as next May 2007, otherwise its due 31/10/2006. Of course if you’re entitled to a refund you can lodge early but this certainly is an advantage if you’ve got a capital gains tax bill to pay.
If…[Read more]

You can download a free postcode search from http://www.propertyvalue.com.au. For actual property sales data (for a fee) you could try http://www.abr.com.au
Hope this helps, otherwise these figures are usually printed in the monthly API Magazine available from your newsagent.

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

You’ll find general information about FHOG at
http://www.firsthome.gov.au

Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”