demkel replied to the topic Structural crack or cosmetic crack? in the forum Help Needed! 10 years, 5 months ago
Long periods of wet or dry weather can cause the ground to swell or shrink and can sometimes cause cracks to appear.
demkel replied to the topic Structural crack or cosmetic crack? in the forum Help Needed! 10 years, 5 months ago
Cracking could be on the joint line as youmentioned. Did you have any insulation installed or removed in the last 12 months?
demkel replied to the topic Land Tax on Apartments / Units in the forum Help Needed! 10 years, 5 months ago
Thank you fou your help Terry and Richard.
demkel replied to the topic Slab Vs Stump in the forum Help Needed! 10 years, 5 months ago
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
Demkeldemkel replied to the topic Structural crack or cosmetic crack? in the forum Help Needed! 10 years, 5 months ago
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
Demkeldemkel replied to the topic Land Tax on Apartments / Units in the forum Help Needed! 10 years, 5 months ago
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]
demkel replied to the topic positive versus negative investing in the forum Help Needed! 10 years, 5 months ago
Congratulations on your purchase Ollie!
All the best to you.demkel replied to the topic Land Tax on Apartments / Units in the forum Help Needed! 10 years, 5 months ago
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]
demkel replied to the topic Slab Vs Stump in the forum Help Needed! 10 years, 5 months ago
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
Demkeldemkel replied to the topic Slab Vs Stump in the forum Help Needed! 10 years, 5 months ago
How tall are the stumps? Can you build in underneath?
demkel replied to the topic Hold on to investment or sell and re-invest in the forum Help Needed! 10 years, 5 months ago
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.
Demkeldemkel started the topic Land Tax on Apartments / Units in the forum Help Needed! 10 years, 5 months ago
Good morning, Could anyone please advise if land tax is payable on an investment unit apartment in Queensland and if so how is it calculated. Is it included in the body corporate fees or is it paid separately?
Many thanks
Demkeldemkel replied to the topic Confusion City – no real direction in the forum Help Needed! 13 years, 5 months ago
Good luck Marie!
demkel replied to the topic Positive geared properties in 2011? in the forum Hang in there JoeJust be 13 years, 5 months ago
Hang in there JoeJust be ready when the opportunity presents itselfRegardsDemkel
demkel replied to the topic New To Property Investing, Need Assistance With Potential Positive Gearing in Urban Centre? in the forum Help Needed! 13 years, 5 months ago
HelloAre you entitled to any depreciation deduction/allowance on this property or is it too old?RegardsDemkel
demkel replied to the topic How much CGT would be payable? in the forum Legal & Accounting 14 years, 10 months ago
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
demkel replied to the topic Young Investor seeking tips on what to do next…. in the forum Well done Ben and Happy New 14 years, 10 months ago
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]
demkel replied to the topic Rental Garauntee in the forum Help Needed! 15 years ago
Hello TremeloPlease do your homework. Find out all the expenses, body corp costs, commissions etc… have they been deducted?RegardsDemkel
demkel replied to the topic PM charges in QLD not sure in the forum No more than 8% + gstTry 17 years, 2 months ago
No more than 8% + gstTry another agent and negotiate downwards.RegardsDemkel
demkel replied to the topic Rendering in the forum Value Adding 17 years, 2 months ago
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]
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