Hi Mei,

yes I was non-resident for many years, but have now resumed Aussie residency. I just need to try and remember what I was doing back then

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

probably just a crap agent. It can work in your favour – the person who paid $251k wouldn’t be complaining!

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

i just heard somehting on the news to suggest fuel prices could halve in 12 months. can’t see it but interesting.

when the new basix codes come in in WA I expect we will see a jump in construction costs and a decline in approvals.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

ps – if you plan on financing the construction for a kit home be sure to speak to your broker before you get too excited. they are almost impossible to finance, even using a chattel mortgage proved to be a dead end.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

can’t speak for RS, but from personal experience building with fleetwood hasnt been a bed of roses. they are just as swamped with work as the rest of the building industry, so expect delays for engineering drawings, council aproval, general building of it, price rises along the way (particularly the steel…[Read more]

hi natwayne – it took me about 3 years from woe to go to build the house I am in (and a serious amount of grief). I will look at it in a couple of years maybe but am happy to relax a bit. PPOR is a great tax relief when you are effectively developing for yourself so it is important to take advantage of it.

anchorage titles are about 3 or 4 months…[Read more]

If he/she has the property listed and doesn’t have a copy of the title they are in breach of the real estate and business agents act. anyway, to speeed things along just go to your settlement agent and pay the $20 or so for them to search it for you. It sounds like the agent may be playing games with you…[Read more]

very interesting. I could apply for some refunds, but then I would have to add them back into my personal return as I have claimed the GST component as a deduction, so it would be a lot of hassle. thanks for the tip tho and I will add it up to see if it is worth while

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

yes I looked at the mounts bay ones about 8 years ago and can say i am glad i didnt invest – the growth in that time would have been minimal. the huge emu brewery apartment tower (70 odd stories?) will be a few doors down as well and you will be competing with that

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

opinions… well Lancelin is a go ahead near Perth beach location which I would think should continue to grow nicely. Bridgetown is the new and affordable retreat for the boomers that can’t afford Dunsborough – a beautiful place and set for good growth. my pick would be Bunbury tho, the freeway extension should set it up…[Read more]

well I hear of people saying things like “it’s a one off, I will fly under the radar”, yet the ATO has made quite a big deal this year out of targeting one off property transactions and their ability to match state reveneue and council records etc against your return. the guidance I have read is that a one-off transcation can certainly be an…[Read more]

and then when that deal is organised you will be in a position to start on another spec home, as the first one wil have nil cash requirement. of course it will be hard to collect the same profit from a house and land conpared to a spec home. with the house and land the buyers bank will need to agree to (a) the current market value of the land and…[Read more]

check with an accountant I would suggest. These things come down to intention but from an outsiders point of view it could appear that you have built a spec home. As such you could be liable for GST on the sale of the completed home and the net proceeds after that will be assessed at your full marginal rate – CGT would not apply in this scenario.…[Read more]

Originally posted by melbdude26:
A WHOPPING 80 per cent of Australians believe houses are overvalued and more than half expect prices to drop over the next quarter, according to a survey.

http://finance.news.com.au/story/0,10166,16053135-14302,00.html

yes I discussed this ‘survey’ on another site. it is total rot and is sad to see it is still…[Read more]

these prices couldn’t include very much. i think the headline prices like this exclude siteworks and are pretty much a shell of a home. if you want to build a finished 4×2 with double lock up garage as a complete turn key investment you would be looking at $150k – $180k depending on size and fit out e.g items such as air cons, dishwashers,…[Read more]

I have read quite a lot of discussion on custodian and there seems good and bad points. Consider a DIY job like building a kitchen as a comparison. You call in a cabinet maker and he can provide the materials as well – you pay him a hefty premium to get the job done fast and professionally and you may benefit from his purchasing power on the…[Read more]

Hi Brenda – just to follow up on your point “Proverbs 22:7 “The rich rule over the poor, and the borrower is servant to the lender.

I have no wish to be servant to my lender via maintaining and tenanting IP’s with them owning 80% and me doing all the work and only owning a mere 20% share.”

note that they don’t own 80% of your property – all they…[Read more]

if the end of our economy as we know it is nigh I really don’t think any of us will be in a positon to buy real estate, much less care.

I dont buy this whole line that depriving and beating yourself up will make you rich. loosen up guys, you ahve to live a little along the way.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS *…[Read more]

GR do you build and hold or do you build sell and move on?

just as Foundation wishes for a fall in property prices I wish for a fall in share prices. I totally missed the boat on this boom and would love a collapse so I could put my portfolio together. Of course markets don’t work in isolation and for the share market to halve would either be a…[Read more]

guys don’t waste your money on fancy development programs – it really only takes a basic spreadsheet.

http://www.megainvestments.com.au

John Carroll