Either governemtns stop taxing the golden goose – the landlords who provide housing to renters. (taxes charged atm SRO – Land Transfer Fee, SRO – Land Tax, ATO- income tax on rent if positive , Provisional Tax on Rent, Removal of depreciation on old recently purchased house fittings recent sneak law change, Deeming of negative income as income by…[Read more]

in victoria rookie developer

My plan is to purchase land in fringe industrial zones in victoria

You have a buy mentality !

build low-cost warehouses to establish an income stream

Hold mentality

I am now fairly close to the limits of my serviceability

Your buy and hold train of thought goes against the serviceability problem
While you are waiting for approval for a…[Read more]

also check the council / area’s local paper for smaller trade people who might be eager for any work rather than the bigger tradies that tell you they might be able to fit it in in 4 months time .

You can’t borrow money from your investment property and then use it for private use and then try and claim the increased interest costs as an investment expense used to earn investment income. The tax office will notice the increase in interest costs and will ask you to explain or (tax audit you) why the loan has increased and what the purpose of…[Read more]

Are you subdividing the land ? if yes then Firstly, CGT will be applicable as the newly subdivided area is no longer part of your main residence.
Secondly, GST will be applicable.

To recap on a previous article…

GST is applicable if you are running an enterprise and have an expected turnover of ‘taxable supplies’ in excess of $75,000 per year.…[Read more]

The lender may also require that both joint owners  go to a solicitor to have the legal responsibility of this setup to be fully explained to you both. And to stamp your equity release paperwork with a solicitors stamp.

Check with your accountant if fences are depreciation allowable.
As you purchased the property with the fences in the state they were in the fences are not a claimable repair.
Also replacing the fence in its entirety makes it capital improvement rather than repair.
Keep the receipt of the costs to you for the fencing and show it to your quantity…[Read more]

from what I have researched you need to register your copy of the book and you will then receive an email that instructs you on how to get templates

see
https://www.propertyinvesting.com/book4/register

or go to home page of http://www.propertyinvesting.com and you will see a picture of  Steve Mcknight on the right hand top side just above it is a…[Read more]

If you wish to borrow money then you need to prove you do not need the money. If you can't prove you have a J.O.B (just over Broke) to pay for a loan then borrowing money will be challenging. This is due to the credit reforms that borrowers have to be able to service the loan. Read lots of books. http://www.businessmall.com.au/.

see MAROONDAH PLANNING SCHEME LOCAL PLANNING POLICIES -CLAUSE 22.03
see http://planningschemes.dpcd.vic.gov.au/schemes/maroondah/ordinance/22_lpp03_maro.pdf

The reserve bank uses monetary policy to maintain the economic growth at a sustainable level. This is inflation at 3% max. If inflation gets higher their is a risk of hyper inflation. And if the CPI growth level is too low then the economy slows down which is not good either so 2% to 3% is the ideal range.
The strength of the Aussie Dollar affects…[Read more]

It happens . I walked over to another property manager/ real estate agent  and asked them to take over the rental when it happened to me. Then the bad manager's real estate office owner calls me to ask why I did not call them which I replied I called on several occasions and was promised a call back which never occurred.

An agent that manages a…[Read more]

You need to consider the long term cost – depreciating your building will reduce its cost base and increase capital gains tax if you sell at a later date

ozman when you were transferred did you buy another house at the new location ?

If you bought a second house and lived in it
you will lose the cgt exemption  on the second house
for six years if you claim it on the first house during the first six years.
As you can only have one place at a time as a main residence.

I have used hire a hubby before http://hireahubby2-px.rtrk.com.au/
and I also used http://www.greyarmy.com.au/ in the past

Might be worth getting a quote off.

If the first property is not your primary place of residence you may need to also pay capital gains tax at the end of financial year if you sell it. This requires you to hold on to some of the gain to pay this at eof.

I use a spreadsheet and put in a date column and interest column and a payment column and a interest charged column.  And a balance column
then in the row calculate the interest charged for the days elasped.
date                interest         payment       interest charge        balance
 1/07/2013       …[Read more]

http://www.dnrm.qld.gov.au/property/valuations may be a site to check

The reason your post has not been answered is that giving you suggestions would be deemed financial advice. Under the ASIC laws only a licensed financial adviser can give you advice.

Read the following links to improve your knowledge of different forms of insurance that is available so you can ask your chosen financial adviser if you require a…[Read more]