http://law.ato.gov.au/atolaw/view.htm?docid=GST/GSTR20033/NAT/ATO/00001see paras 53 to 83.if you have substantially renovated a home than it may be eligible for the $10k.  does not matter is lived in before – it is the 'substantial renovation' which attacts the grant.

Hi guysthanks for your replies.I actually have a DA before council at the moment for townhouses in Zillmere.  I know there is a lot of action out there at the moment.   I am not overly wrapped in Zillmere myself because of the amount of new development there.  However, the numbers on this one are really good, so we are proceeding.  Andrew – why…[Read more]

Thanks Richard – I will adjust my figures accordingly.

Thanks Alistair.  So if you just looking at res loans of say $500K a pop – you need to do 60 a year to write $30mil and take home a 5% comm of $150K.  This is quite a few loans to write – more than one a week.  Obviously writing the loan would be fine, but finding that many loans a year could an ask I suppose. Is 5% the norm for all brokers or do…[Read more]

also I know the conveyancing that I have done that banks are pretty hard to deal with, in relation to actually getting the loan approved within a short period (a typical finance clause is 14 to 21 days I guess) and then getting them to settle the thing can also be difficult.  Does this wear you down after a while?

also I know the conveyancing that I have done that banks are pretty hard to deal with, in relation to actually getting the loan approved within a short period (a typical finance clause is 14 to 21 days I guess) and then getting them to settle the thing can also be difficult.  Does this wear you down after a while?

Thanks Allistair – I appreciate your comments.I guess I have a reasonable understanding of tax and accounting issues.  Probably not too much in relation to super. I guess that relates to self managed funds borrowing and the rule relatinig to that?  I could probably get my head around this.Did you find it hard to start off?   Are there lots of bro…[Read more]

have a look at this – i think it might help – I wouldn't recommend reading the act unless you are a specialist tax lawyer http://www.bantacs.com.au/booklets/How_Not_To_Be_A_Developer_Booklet.pdf

minor correctionit doesn't sound to me like you are a developer and therefore you do not have remit GST on the sale.  From what you have described it seems like an isolated transaction and not an 'enterprise' accordingly gst would be  Neither charged or remitted to the ATO in the event of a sale.  You should competent accounting advice now and if…[Read more]

it doesn't sound to me like you are a developer and therefore you do not have remit GST on the sale.  From what you have described it seems like an isolated transaction and not an 'enterprise' accordingly gst would be be either charged or remitted to the ATO in the event of a sale.  You should competent accounting advice now and if necessary a p…[Read more]

Hi D – thanks for your quick response. I think I will start with the Ron Forlee book, which i will buy at lunch time today!  The others also look good and I will get to them shortly. Thanks for your help.CheersBen

hey Tim – Deception Bay is a pretty dodgy area.  Redcliffe and Deception Bay are not the same market. Redcliffe has come a long way in the last decade but not Deception Bay.  I know Deception Bay is cheap and does have water, but it really is a long way from turning around.  I would probably recommend coming to the area before buying.  Sorry to…[Read more]

I would recommend warlow scott lawyers in Brisbane.  They do heaps of property stuff and all at a very good price.http://www.warlowscott.com.au.

this is a complicated question. You should seek legal advice.Some general comments – some off the plan contracts won't allow you to transfer before setllement generally if there is no clause in the contract saying that you can't onsell then you are able to at common law however as I understand it the purchaser may have some issues in getting…[Read more]

Hi Kris,If you are in Qld then any contract signed before auction should just be a normal REIQ contract with a PAMD form outlining the cooling off period provisions attached. Ben

No definitely don't give the money to the vendor. A solicitor's trust find is the way to go.