Yes I'm also guilty on not visiting for some weeks as I found the new forum hard to use.  Thanks to Steve he's listened to our comments and has made some great changes recently.  Thanks for bringing back the sections, time/name of last post & I love the new feature where you can mouse over the thread to read the topic.  Well done Steve and many th…[Read more]

The thread you refer to is working out how much profit you've made on a property after allowing for the negative cash flow over the years.  This is not part of the CGT calculation.  This example has been done to show you that when you sell a property your "profit" is not just sale price less purchase costs,  but that you should also be taking in…[Read more]

Here's an extract of a document off our website about Subdividing that may be of help: What is Subdividing?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…[Read more]

Two things I learn't from doing a subdivision:1. It takes twice as long than expected2. It also costs heaps more than first thought.But if you can struggle through, the profit is pretty damn nice,  and you'll also be surprised that you  probably won't see much of a reduction in the value of the front house.Best wishes,

Hi Xenia,Yes I agree to bringing back the old "Subject Topic" section as it made it easier to just look at sections that interest me without trawling through pages.  The other thing that's gone is the name of who made the last post as well as how many have read the article.  Maybe I'm just getting old and don't like change !

Yes thank you TerryW for sharing.

Yes she's an inspiring young lady.  I don't think her book is available in stores though but you can contact her here http://www.propertydivas.com.au/7ProfServ/Professionals.aspx?cmaid=789df9aa-ae58-4e79-bfd8-137b734b1802&cmstat=Profall

Hi CJ,We live and have been investing in the Ipswich region for a few years now and have seen our property values and returns increase considerably,  but the market is very "hot" at present with houses selling fast.  You should be able to source a property for around the $200K with a 5% Gross Return but it will probably need a freshen up to be r…[Read more]

Hi Ian,My understanding is that Capital Gains is calculated from when the asset is first purchased.  In this case this is the land back in Dec '05.  The house is an improvement on that initial asset and forms part of the cost base.  Probably worth giving your Accountant a ring to confirm though.

Hi Joel,Yes you certainly can vary the amount of tax witheld from your salary by your employer, and its called a Income Tax Withholding Variation (ITWV)  The only issue is you're a bit late for this year but 2008 forms should be available off the ATO website by mid May 2007.As Marc has stated you won't be paying any less tax, rather its just s…[Read more]

Spot on Ian well done!The CGT of $69K will be added to your other taxable income.  The 2007 rate is 31.5% for 25000 – 75000;41.5% 25001 – 150000 & 46.5% over 150000.For exampleSalary is $50000 + Cap Gain of $69000 = $119000 taxable incomeTherefore $25000 is taxed at 31.5% =    7575.00and the balance of $44000 at 41.5%= 18260.00Therefore in this…[Read more]

I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:

Trust ownership is probably the most flexible way to own an investment property. The most common Trusts are: Discretionary Trust

A discretionary trust is often referred to as a…[Read more]

I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:

Trust ownership is probably the most flexible way to own an investment property. The most common Trusts are: Discretionary Trust

A discretionary trust is often referred to as a…[Read more]

<table border=”0″ cellspacing=”0″ cellpadding=”0″ width=”96%” id=”ctl00_ContentPlaceHolder1_PageTable”><tbody><tr><td colspan=”4″ align=”left”>I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:<font…[Read more]

<table border=”0″ cellspacing=”0″ cellpadding=”0″ width=”96%” id=”ctl00_ContentPlaceHolder1_PageTable”><tbody><tr><td colspan=”4″ align=”left”>I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:<font…[Read more]

<table border=”0″ cellspacing=”0″ cellpadding=”0″ width=”96%” id=”ctl00_ContentPlaceHolder1_PageTable”><tbody><tr><td colspan=”4″ align=”left”>I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:<font…[Read more]

<table border=”0″ cellspacing=”0″ cellpadding=”0″ width=”96%” id=”ctl00_ContentPlaceHolder1_PageTable”><tbody><tr><td colspan=”4″ align=”left”>I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:<font…[Read more]

I really think this issue should be discussed with your Accountant.  The following is an extract of a document off our website that explains the difference further:TrustsTrust ownership is probably the most flexible way to own an investment property. The most common Trusts are:Discretionary TrustA discretionary trust is often referred to as a…[Read more]

Yes, our website has several free templates you can download: Lease Renewal (Word Document) Lease Renewal (PDF)  Rent Arrears (Word Document) Rent Arrears (Pdf) Entry Notice (Word Document) Entry Notice (PDF) Rental Ledger (Excel Spreadsheet) Property Rental Application (PDF)  Landlords Property Rental Assessment (PDF) Annual Rental Inspectio…[Read more]

You're most welcome, glad to help other fellow property investors, and yes "eyeore" I am very passionate about my local area of Ipswich.  Last week saw the opening of the West wing of Riverlink, and it was reported they had 150,000 people in 3 days.  The new Citybeach store had the highest trade results of any other new store in Aus.  I'm lo…[Read more]