1. Assuming your mother amy ahve invested for taxation purposes and there were deductions for plantation investment a few decades ago, see if her accountant has any information.

2. Try ASIC, but they will need more information

3. there was an actiongroup that formed re tree investments about 10-15 years ago, maybe that could be a starting…[Read more]

The CGT event is signing the contract, so that the profit must be accounted for in the financial year the contract is signed.

See ATO website

Tikki pointed out a relevant factor in finding property – knowledge. Before I bought an investment property I had spent 4 years following prices in that location, getting knowledge on streets in that location, so that when a cheap block of units came up I was able to purchase confident that despite the fact locals say that street has a bad…[Read more]

TIO in NT advertise they insure against flooding. Don’t know if TIO insure interstate properties.

If the house is on piers, can it be raised? Some coastal councils permited building in flood areas wuth the requirement that floor level be at least 100mm above 1 in 100 year flood level.

crj

The standard contract in NSW requires permission from the Vendor to carry out improvements. The Vendor is also taking a risk if permission is given if the Purchaser cannot settle, risks of poor quality improvements, incomplete work etc. If the improvements are cosmetic eg painting, tidying up and you can do most of the work yourself the risk to…[Read more]

While you will need to do your due diligence to satisfy yourself of the viability of the communities and of potential risks eg flooding many smaller communities have:

a. locals who only want to sell a house and would not be willing to rent it out under any circumstances
b. demand for rental because many workers eg health, police, teachers are…[Read more]

Conveyancing laws are on a state by state basis. Forms and practices are different, so a solicitor in one state might not have a great deal, if any, experience of conveyancing in a second state. Exceptions are border areas where it is common for a solicitor to be admitted in and practise in both states.

It’s worth checking though. I had a valuation done last year on 4 x 2 br flats. The valuation came back as the block having 2 x 2 br and 2 x 1 br. The rental figures were also incorrect. The valuer cliamed he ahd valued another block in the same street and it was word processing error

You will need to lodge an initial return with the Office of State Revenue in NSW. Forms available on http://www.osr.nsw.gov.au

OSR will do the calculations

Does the rent figure include GST?

If you’re borrowing 100% of the price it seems tome the deposit wouldn’t be included in COCR

Seems everyone’s missed the classic which is “someone else has just looked at it and is about to put an offer in”. I was looking at an investment a couple of years ago which I wanted a building inspection on first and told the agent I’m waiting for the inspection report as I’m not going to negotiate a price twice. I also found out what the…[Read more]

You can buy a report on sales in a suburb over one or two years.groups like Australian Property Monitors have these and can be purchased and downloaded over the web.

If it is a specific property you are interested in eg one which is for sale so that you have access to a copy of the contract at the agent’s, the title deed will give a reference…[Read more]

There are a couple of UK forums like singingpig and housemouse which might have information on this company.

As a sceptic I wonder if this investment is so good why they need to advertise it on the other side of the world

Suggest you do some due diligence on the town. Look at employment, industries, are they expanding or decreasing. There are a couple of threads in the last month or so suggesting things to look at.

Who are the owners selling the houses? eg some towns, say mining towns, might have one of the mines owning a lot of housing and deciding to get out…[Read more]

I suggest people need to look at what their objective in holding their property is instead of being panicked into a rush disposal because of fear of taxes.

Looking at Dr Phods’ examples:

Land Tax. $360.00. Tax deduction at 48.5c/$ $174.60, net payable $185.40.

Sale at $400,000 of prop purch’d for $300,000. $8,000 selling costs plus $9000 exit…[Read more]

Who is they? If they are REA, the likelihood is that the most favourable point of view will be put. I don’t know anything about central equity. Can you find out what they’re renting for to private investors eg can a friend ring up and amke an inquiry, can you look at a website, can you ask people in similar complexes

You need to look at what your objectives are. -ve gearing can have its place for someone on maximum income tax rate, where the property value is expected to grow fast enough to recover your tax losses.
Steve’s +ve cashflow does have the advantage that the sustainability of the investment does not depend on you keeping your job or keeping the tax…[Read more]

Conveyancing practice is different in each state. I would recommend using a Qld solicitor unless your own solicitor is experienced with Qld conveyancing,

This is the first boom where technology has been an influencing factor. Agents websites are accessible from anywhere in Australia, newspaper classifieds likewise, forums like trhis and somersoft, the ability to buy reports on sales in a suburb over the internet, the ability to deal easily with mortgage brokers in different locations etc etc.

It…[Read more]

The original price. However, speak to a solicitor. There are a couple of traps that competent advice should avoid. Also in some states eg NSW if the purchaser is related to the vendor the OSR requires a valuation.