Forum Replies Created
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 from it.
I have left two messages for the agent since and he hasn’t returned my calls. I know the details of the owners of the property and feel like letting them know I want to buy it but am having problems. But I wouldnt as it would be wrong.
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 money a year? At least it is CF+ and a start. However if I did decide to buy it after I go and check the town out and made a appropriate offer, at market value it would be more then a few hundred a year.
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 going for the hihger selling price as he has a good rental return. I have also been told it is rare to pay more then $100pw rent in this town.
