Hi Steve,I admire any person who decides to set up in business.  However, I think Freckle has made a number of valid points.  To me as a prospective buyer unless I had read your post I would be unaware of ipostcodes.  The agents are listing on your site because it is free, but their print advertising is going to direct people to their own we…[Read more]

Normally, if it is a sale by the mortgagee (as opposed to being an informal mortgagee sale where the bank has told the owner to put it on the market) that sale will override any encumbrances or caveats registered on the title after the mortgage.  If there is a surplus the mortgagee will need to account for it to the mortgagor or other e…[Read more]

Catalyst is wrong about apportionment if you moved into the flat as soon as possible after settlement.  If it was rented out after settlement and you moved in later Catalyst is correct.  You will need a valuation.  Instruct the valuer to value at the date the property became income producing

THis is a transmission application – I think there is only nominal duty on a transfer to the beneficiary

Were you the developer?

Other issues are:a. for individual properties substantial renovations may have been done so that when comparing the purchase price over a period of time a rise may be partly explained by renovations that have taken placeb. generally if we look sat at the 1960's an average size house might have been eg 12 squares, 1 bathroom, single garage – now it…[Read more]

IT would look as if you would be able to increase the cost base of the land by rates, insurance, interest, etc that you have incurred since purchase assuming the alnd ahd not been used for income-producing activities

http://www.dixon.com.au/News/News-article/14-03-11/Location_location_location.aspx?News=NewsItem

I would think iot is tax deductible as aprt of the cost of discharging the mortgage

As you act gratuitously as the trustee ie trustees of SMSFs don't charge for their time etc what is the connection between you driving km re SMSF properties AND Your taxable incomethe best is you might be able to be reimbursed by the SMSF (subject to the rules), the SMSF would claim a deduction at 15c/$ and you would show the reimbursement as…[Read more]

I'd ask a property manager from another agency to do a driveby and give you a rental estimate.I would think for around $200,000 you could get properties in better locations which would be easier to rent out..I've been following the Dubbo market for several years, even if not as closely in the last couple and have been investing in it for 10…[Read more]

When you redraw on a loan you are making a new borrowing and the tax deductibility of that will depend on whether you have used the redraw for investment purposes.  So if you eventually want to buy a PPOR and redraw that borrowing will not be tax deductible.  You would hvae more flexibility with an offset account as withdrawals from the offset a…[Read more]

Terry has a good point.  you need to sort this out.  $10,000 is not worth legal costs.  Even if you are successful you will still be out of pocket.

The simplest thing that could cause a reduction in value would be a rationing of credit which would take people out of the market.  The banks are still borrowing a lot from overseas.  A lot of businesses have found the last couple of years very hard because banks stopped lending or increased their requirements. 

A trust is not a separate legal person.  The borrowing would be by the corporate trustee possibly ATF XYZ trust.  The minutes of the trust should reflect that the debt is owed by the trust

Many people invest quite successfully in smaller towns but do your research first

One policy to cover the whole.  You may need some contents as well eg curtains, blinds etc.You need to talk to someone – an insurance broker or agent.

It strikes me that the issue is not so much the valuer, but irrational herd behaviour driving up prices.

I don't think the case study proved anything based on the information provided.  The property may have been overvalued, undervalued or just right.  It is certainly a false premise to argue the house prices of the comparable sales should be averaged as thus does not take into account the individual characteristics of the properties.Instead of Big B…[Read more]

Other towns.  My point was simply that whatever you do someone else will be negative and I understand what mentobe has achieved.