Long periods of wet or dry weather can cause the ground to swell or shrink and can sometimes cause cracks to appear.

Cracking could be on the joint line as youmentioned. Did you have any insulation installed or removed in the last 12 months?

Thank you fou your help Terry and Richard.

Sasharif

It may be worth considering a building inspection. Stumps have been known to sink if they have not been installed correctly, thus requiring replacement.

Regards
Demkel

Hello Bumbalina

How long have you noticed this crack?
Is there any staining or change in coour?
Are the cracks near the external walls?
Are the cracks in the bedrooms? What is BIR?
Is the cracking in the plasterboard ceiling?
Is your house single level or multi level?

Your answers will assist in identifying the nature of the cracks.

Regards
Demkel

Thanks SuperAndrew

You have confirmed that Land Tax implicatons should be taken into condideration, once the threshold has been exceeded, as it will affect the profitability of the investment. One must presume, that the Office of State Revenue must issue a new Land Valuation annually, to each unit owner? Wold this be correct?

Any further input…[Read more]

Congratulations on your purchase Ollie!
All the best to you.

Thank you Mick, Richard and Terry

I have exceeded the 600K threshold and am currently paying Land Tax. I am trying to find out the Unimproved Land Value associated with buyng an investment apartment say, for example, $500,000 sale price and even the real estate agents are unable to tell me (not one but several). One Gold Coast agent who…[Read more]

In Queensland, Houses were built on stumps to allow air flow under the house to stay cooler in summer.
Stumps are a cost effective building practice on sloping blocks. Saving on fill, excavation and import of fill.
Regards
Demkel

How tall are the stumps? Can you build in underneath?

Hello Logan
Congratulations on your first renovation.
Looks like you are ready to move on to your next project, put your building skills to good use and get rid of that personal loan.
Any money you make from the sale will go toward your next project.
All the best to you.
Demkel

Good luck Marie!

Hang in there JoeJust be ready when the opportunity presents itselfRegardsDemkel

HelloAre you entitled to any depreciation deduction/allowance on this property or is it too old?RegardsDemkel

Hello NortoI think you pay CGT on the $28k profit at your marginal tax rate if you sell within 12 months whereas you pay CGT at your marginal tax rate on $14k (50% discount) if you sell after 12 months. Please correct me if I am wrong.RegardsDemkel

Well done Ben and Happy New YearYou may wish to refinance to interest only to improve your borrowing capacity for your next property?By holding the first property you may use the aquired equity to borrow against?If you wish to renovate and sell there is nothing stopping you either. You are the best judge of your local market.I'm sure you will do w…[Read more]

Hello TremeloPlease do your homework. Find out all the expenses, body corp costs, commissions etc… have they been deducted?RegardsDemkel

No more than 8% + gstTry another agent and negotiate downwards.RegardsDemkel

Hi StellaYou are looking at prices from $25 to 30 a square metre plus gst for cement render plus painting costs afterwards.If you have a flat surface you might consider an applied granular finish like dulux acratex which has the colour already in it and costs about the same. And yes, you will come out well ahead, if you get a good job done and s…[Read more]