I agree with Millions that any of those wedge shape blocks at the end of the culdesac look best.   They also look elevated?  Hey Jaffasoft maybe I'm getting old but the numbers are very small so I'm buggered if I can see Lot 20.  By the way it looks too green for Toowoomba.  Care to share where the location is?

The obvious answer is you need to subscribe to Property Divas of course!! Otherwise there's a new magazine out called "Your Investment Property" well worth a look,  plus Michael Yardneys free newsletter at Property Update or Kirsty Dunphey produces an inspirational weekly email.

Hey a very old post but still as funny today. My favourite was No. 14.

Hi Jason,All profits from a Discretionary Trust must be allocated each financial year against the trust beneficiaries, at the discretion of the Trustee, which in your case is the company.  However this can be done via a journal entry by your Accountant and doesn't actually need to be paid directly to each person in cash.  Any un-drawn trust di…[Read more]

Yes I tend to agree with Marc that most people adjust their lifestyle to suit their income.  Attached is a link to our Family Budget Planner Excel spreadsheet which may be of help for them.http://www.propertydivas.com.au/Downloads/famiy_budget_planner.xls

Try giving Matthew Quinn a call from Catalyst.  They are based in Adelaide but have branches Australia wide.  Here's the link: http://www.propertydivas.com.au/7ProfServ/Professionals.aspx?cmaid=9698e357-b6ce-4e7c-8f1c-d813757e1b53&cmstat=Profall

Hi Troy,The following is an extract of a document off our website that should clear things up for you:BORROWING COSTS  Under Section 25-25 of the Income Tax Assessment Act you can deduct expenditure incurred for borrowing money, to the extent that the borrowed money is used for the purpose of producing assessable income.  What is classed as a B…[Read more]

Very modern, I like it!

<font color=”#000000″><font face=”Times New Roman”>Subdividing</font></font><font face=”Times New Roman” color=”#000000″> </font><font color=”#000000″></font><font face=”Times New Roman”>What is Subdividing</font><font size=”3″><font color=”#000000″><font face=”Times New Roman”>Subdividing is when a piece of land is split into two or more pieces…[Read more]

Subdividing What is SubdividingSubdividing 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 co…[Read more]

The ATO is taking applications now for 2008 so I assume this is the application you have just signed.  Best to give your Accountant a call as any tax bill owing at the end over $400 will attract a penalty.

We have some fantastic stories from property investors on our website that you may be interested in.

Its a bit hard to explain but I'll do my best.  Depreciation means the property is reducing in value so if you sell it for more then you must add back all the depreciation you've  claimed as the property has increased in value not decreased.When you sell a property if the contract does not specify how much each asset that you've depreciated is s…[Read more]

I know it takes a huge amount of effort and time to develop a website so well done for taking the plunge but I think ours is better!!

A joint venture is a legal agreement between two or more parties that come together to generate profit. Generally, each party contributes something of value – perhaps assets, cash or knowledge – in return for a share of the net profit.   A joint venture is not a partnership, but a separate legal arrangement. Each joint venture is very unique and s…[Read more]

We have an example calculation on our website at http://www.propertydivas.com.au/3TaxMang/CapitalGains.aspx

Have a look in "Data & Research Reports" on our useful links page.  You can also get a free postcode report on Property Value.http://www.propertydivas.com.au/5Tools/DivaLinks.aspx

Sorry Guys the newsletter is a bit late this month which announced the results!  Should be out in the next 24 hours.Brenda's story "The Creating of a Property Investor" won first prize which is sure to bring a tear to your eyes!Lin won the book prize for her amazing first reno story.Congratulations to you both, and a big thank you to Steve for hi…[Read more]

You can't just make such a decision based on costs alone, as you really do need to consider what will suit the location of the block and the area.  Personally I'll take a "Queenslander" on stumps any day over a cheap "box" thats slab on ground.  Just my opinion!  Anyway here's an extract of a document off our website about Removal Hou…[Read more]

Ouch!!  What a mess!!What you've done is borrow funds to make a super contribution, rather than borrow for an IP.  Normally such a strategy would only be used if you operated a business through a company/trust etc.  and then borrowed funds to make a super contribution which would be tax deductible.  How was this $350K treated when paid into the…[Read more]