So on a sub-division, how do they calculate Capital Gains Tax if you sell the block off once it has been sub-divided?

Hi Guy’s,

Thanks for the quick reply’s.
If I put in a permit to sub-divide, will this restrict me in anyway in the future if I decide not to go ahead and build?

I am not decided if I would just sell the block off or if I would build on it. Any thoughts on this?

Thanks for all your help

Dave

Hi,

Thanks for the reply’s. I am located in Vic, and the proprty is in Vic as well. I have asked the realestate agent if I am allowed to at least view a copy of the paperwork if I am not allowed to have a copy of it. He has told me he doubts it but he will check with his manager.

If it wasnt a good property and deal I would have walked away…[Read more]

Steve,

Have you got any comments on what is happening?
I would love to hear from a few more experts on things.

Hi All,

Thanks for the feedback.

Much appreciated!

Hi Henry,

Thanks for your comments.

In no way I would have paid the 15-20% more then what it is worth. If I made an offer it would of been below what I beleive it is to be worth and my last offer (if original not accepted) to be what I beleive it is worth. This would have made it.

Also, what is the problem over only making a small amount of…[Read more]

thanks jo,

much appreciatde all your advice.

i will put together a spreadsheet with some minimum standards or infrustructure the area must have.

thanks

dave

The town rely’s on wheat crops, and has a major cross station where the wheat is prepared to be loaded onto the train through silo’s. I have recently found out the town does also have a medical centre.

Jo,

Thank you very much for all your help. I will take it onboard. A lot of it is obviously commensense. What would you say is a decent population of a town that is worth investing in?

Would you say it needs to be a minimum of 2K or 3K?

what to look for when buying in whoop whoop??

Would you recceomend a book, or a website or anything that I should read on this type of topic?

I guess schols, police stations, are a logical thing which I should of thought of myself

Sorry,

The town also has 2 pubs, a restauraunt, cafe, and I think a caravan park.

Do you need more information?? Sorry only new to the forum and to this sort of stuff.

The property is a 3BR house on a large block of land that have sub-division opportuniies. Has a new tenant that has signed up for $120pw for 12 months. The house is on the market for $59,000. The average home is selling in this area that is of similar age, size, and quality has been sellig around $45,000 to $50,000. I am guessing the owner is…[Read more]