Freedom I think this is more of an accounting question re registration for GST purposes. have a read of http://www.ato.gov.au and see if you think you’ll hit the threshold for turnover. Either way you’ll need to declare it as income as well.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

some argue that most individuals do not have enough leverage to buy decent commercial properties and are hence better of buying units in a commercial property trust. If your only asset is one commercial property and it sits vacnat for 1 or 2 years it could send you under.

Extensive list of ‘Off The Plan’ property available for sale in…[Read more]

Hi Joe – with all these matters a good accountant familiar with property is invaluable to advise you. In this situation I would use a discretionary trust, which would allow me to channel income to the beneficiaries as desired.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

good on ya Chefman… fixing up a broken business and channelling profits into property is a very effective strategy to achieve passive income and retirement; although some may consider running a pub as a retirement dream!

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

I read an article from REBA which states that spotting is not illegal… it spelt out the differences between acting as an agent and spotting. Unless you lived in a highly CF+ area like Scotty B e.g. Karratha, I think you would struggle to spot deals and it would be atough way to make a $.

Extensive list of ‘Off The Plan’ property available for…[Read more]

When I was a school kid it was quite obvious that hydrogen power was the wonder fuel of the future. An oil shock will be dealt with by the market by forcing substitutions, so I agree that the increasing oil price is not necessarily a bad thing… somehting had to force the situation to change. Let’s just hope it doesn’t make less viable fossil…[Read more]

“Its funny that I fortold this outcome many moons ago but people just laughed me off. Well get ready caus here it comes!

We are all made from Stars

Hehe, there were in fact a small group of us Sal. I remember well the satirical resposes to our posts.

Cheers”

…lets not start celebating the predictions just yet, it is yet to come true. And if…[Read more]

this is interesting too:

“We have also been bullish on oil, even though we had expected the price of oil to pull back to a still high price of US$35 a barrel, and for that to be the new floor for the foreseeable future. Rather the price is still around US$50, with the fall yet to materialise. I believe it will, but the timing is difficult.

The…[Read more]

I would argue the surging oil price is a natural brake on the economy, hence indicating lower interest rates are on the way in order to prop up the economy. With a floating exchange rate the trade imbalance can be funded by a devaluation of the $. Then you have to consider the impact of the falling share market – will this creeate another stampede…[Read more]

paying tax is a horrible reality, but it’s better than carrying forward losses!

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

the trouble is the people achieving the DA’s often have little understanding of the expense and effort it takes to develop a site and want to take a slice of the developers profit up front. good luck to those that can get away with it, but it means a good proportion of sites advertised as ‘development sites’ are not economic to develop at those…[Read more]

ps – if you are liable to pay GST and you haven’t registered you will be committing an offence. make sure you understand the thresholds that require you to register

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

yes unfortunately developers don’t get a special exemption from GST and you can’t deduct it – it’s a tax just like income tax etc. If you apply the margin scheme you won’t pay GST on the amount that you paid for the land. The net result of this is that you basically pay 1/11th of your profit in GST. The other 10/11th’s is assessed as normal…[Read more]

what we really need is a separate forum for NZ investing – the topics all seem to end up being posted under ‘general’.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

wow – that’s awesome! no wonder the hype about NZ! In WA there is no escaping the stamp duty… if a nomine isn’t listed at the time of the sale, then it isn’t happening. and no you can’t list the telephone directory as nominees; I believe it is limited to approx 10 names.

Extensive list of ‘Off The Plan’ property available for sale in…[Read more]

Tracey just do plenty of research before you take this on. Commercial property is a breed of its own and has sunk many a strong ship – to have it as your first IP is a bold step. If you only understand 50% of what’s going on then it may pay to employ a buyers advocate to look over the deal for you. If they say it stacks up and the quality of the…[Read more]

I am sure his material would be copyright.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

my point is though: it doesn’t matter what your calcium source is, be it milk, soy, whatever… if it is only in your coffee or an occasional bowl of cereal you can’t be getting enough. Am not criticising as I am the same – but you have to expect long term implications such as low bone density.

Extensive list of ‘Off The Plan’ property…[Read more]

Super Ted – if it is only going in coffee and random cereal then how much calcium are you getting in your diet?

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

with realestate.com it is a fixed subscription charge for the office regardless of how many properties they put on. If they are subscribed and don’t list it, well I could only think they couldn’t be bothered doing it. Some smaller agencies don’t subscribe as they simply don’t have the volume to justify it, or their licensee doesn’t believe in the…[Read more]