CGT is calculated from the date of the contract of sale, regardless of settlement, so as long as this is after 1 July, 2007 then it will fall into the 2008 tax year. In fact register with a tax agent before 31/10/2008 and you probably won’t need to lodge and pay your tax bill until April/May 2009.

AmandaBS
http://www.propertydivas.com.au
FREE…[Read more]

Hi Gina,

As LA Aussie and LW mention you should pay your local Council a visit as they will usually pull up the property details onscreen, and they can instantly confirm any restictions such as flooding, undermining, sewer/water mains etc. For a small fee they may even give you a printout to take home.
Often the Council won’t allow the block to…[Read more]

Hi Karl & Rita,

We live in the Ipswich area and have done a couple of subdivisions. Probably the biggest cost with subdividing is time. Here’s an extract of a document off our website that will get you started:

<b>What is Subdividing?</b>
Subdividing is when a piece of land is split into two or more pieces (ie separate lots). The process is…[Read more]

Hi Karl & Rita,

We live in the Ipswich area and have done a couple of subdivisions. Probably the biggest cost with subdividing is time. Here’s an extract of a document off our website that will get you started:

<b>What is Subdividing?</b>
Subdividing is when a piece of land is split into two or more pieces (ie separate lots). The process is…[Read more]

Hi Karl & Rita,

We live in the Ipswich area and have done a couple of subdivisions. Probably the biggest cost with subdividing is time. Here’s an extract of a document off our website that will get you started:

What is Subdividing?
Subdividing is when a piece of land is split into two or more pieces (ie separate lots). The process is…[Read more]

Hi Dave,

Yes I can certainly help you out with a Property Evaluation Checklist,

Here’s the link:
http://www.propertydivas.com.au/Downloads/Property_Purchase_Evaluation_Form.pdf

Our website has heaps of other free templates that may be of use to you also.

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to…[Read more]

Hi David,

Yes Richard is spot on as usual. Here’s an extract of a document off our website that explains further about CGT:

Capital Gains Tax (CGT) is the tax paid on any Net Capital Gain made on an asset that is sold, and is included in your Income Tax Return. CGT is not a separate tax but forms part of your income tax payable.

The system has…[Read more]

Hi Julie,

Find a new Accountant!!

Accountants are natourisly conservative. Having worked myself in the industry for 15 years I know from experience that many Accountants are conditioned to be conservative. Each tax agent is required to meet certain lodgement guidelines set down by the ATO which puts firms and staff under enormous pressure to…[Read more]

I’d have to agree with Davo, Ipswich is the place to invest.

The area is expected to grow from 140000 to 318000 people by 2026. During this time the workforce will also increase from 49000 to an amazing 123000, so 1/3rd of the population will live and work in the area.

So why are so many people expected our here ? (I live in the area) Its…[Read more]

It sounds like you’re lacking a bit of direction in your life. If you haven’t set any goals then perhap now is the perfect time to review your life. Once you have set, clear-cut goals, they become embedded in your sub-conscience and we will automatically be guided towards your goals through our future thoughts and actions.

Decisions followed up…[Read more]

So true Marc. There is one mob doing the rounds at the moment on our local radio station, saying how you too can get into your very own investment property for as little as $20 p/wk and we’ll guarantee the rent if its ever vacant….Yeh right come in spinner.

Charli here’s an extract of a document off our website called “Property Secrets”

THE…[Read more]

Hi Charlie,

Here’s an extract of a document off our website about Property Development:

What is Property Development?
There are two major categories of Property Development
Land development
Building development
What does a Developer do?
A Developer will typically acquire raw land and apply to subdivide it into smaller lots. The Developer will…[Read more]

Hi Don,

You’ve done well to limit it to 4 logo’s. When we were designing ours it took months!!

I agree with Michael that No 1 is best, as I find the others too “busy”.

When you do decide, don’t forget to send it through to me so I can update your banner.

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to…[Read more]

Hi Chicky,

Welcome to the forum. Here’s an extract of a document about subdividing off our website that should get you started:

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…[Read more]

Have a chat to Ross Johnston. He’s also a member on this forum. Here’s the link:
http://www.propertydivas.com.au/7ProfServ/Professionals.aspx?cmaid=d991fecd-bbfc-4ab2-9732-da8bf2d1af97&cmstat=Profall

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

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

Hi Mat,

We use http://www.abr.com.au. They have an annual fee of $200 then the reports are extra but usually only $20 – $50 depending on what you need. All online and have results, including titles searches in seconds.

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

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

Hi Peter,

Here’s an extract of a document off our website about Property Development :

What is Property Development?
There are two major categories of Property Development
Land development
Building development

What does a Developer do?
A Developer will typically acquire raw land and apply to subdivide it into smaller lots. The Developer will…[Read more]

Hi Freetodream & Silverghost,

Its often very overwhelming when you first start out so my advice would be to follow our 7 step program:

Step 1 Set your personal & financial goals
Step 2 Prepare a budget & savings plan
Step 3 Determine your investment strategy
Step 4 Build your team
Step 5 Research areas
Step 6 Prepare a feasibility study
Step 7…[Read more]

Careful, he’ll get a swollen head with such praise, and he’s only just had a birthday so we don’t want to much excitement!!

Well done Richard.

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

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

Hi Compleks,

Our website has a document that examines the following tax structures.
Sole and Joint Owners
Company
Trusts
Self Managed Superannuation Funds
Joint Venture

Its a bit long to post here so here’s the link:
http://www.propertydivas.com.au/3TaxMang/TaxStruct.aspx

AmandaBS
http://www.propertydivas.com.au
FREE online Property…[Read more]