It’s like with many other professions.

How can you be certain your solicitor isn’t dragging the procedures, all in order to get more billable hours?

How can you be certain your mechanic isn’t neglecting certain aspects or inflating other issues so he could profit more from you?

How can you know your tradie isn’t working slower than he can or…[Read more]

Old issues of Australian Property Investors come to mind.

Real estate agents in that suburb might be able to provide such data as well.

How far at the past are you interested in?

Not a fan of uphill battles with councils, tbh.

Can the land be subdivided?

Hi Suri,

If I were you I would visit real estate agents and get from them estimations for vacant lot with plans, off the plan and established. That should help making the decision how to proceed 👍😎

Once you know the above, would love if you’ll share it here.

Hope this helps?

Cheers,
Ethan

Agree with the above.

I get why the broker wants to avoid time wasters by locking them in with $1000 fee if not proceeding. It’s steep and we don’t do it but I get it.

That said, there’s probably nothing there that says you have to accept his suggestion to x-coll. So you can simply go back to him and let him know that you want to proceed but a…[Read more]

Agree with the above.

I get why the broker wants to avoid time wasters by locking them in with $1000 fee if not proceeding. It’s steep and we don’t do it but I get it.

That said, there’s nothing that says you have to accept his suggestion to x-coll. You can simply go back to him and let him know that you want to proceed but as standalones. He ma…[Read more]

Agree with the above.

I get why the broker wants to avoid time wasters by locking them in with $1000 fee if not proceeding. It’s steep but I get it.

That said, there’s nothing that says you have to accept his suggestion to x-coll. You can simply go back to him and let him know that you want to proceed but as standalones. He may object (do…[Read more]

You can also get in touch with the building inspection company and discuss concerns and urgencies with them. Good luck! 👍😎

Instead of asking us to provide you with a full list, how about you let us know what you included and we’ll add what we think is missing? 😉

Interesting ideas, thx! 👍😎

Alright, but still… once the subdivision takes place, at least one of the lots is subject to CGT, right?

Tall order.

It’s basically a finance deal (presuming you will eventually buy the property). Definitely buyer will want to make a healthy profit. Taking into account purchasing costs and opportunity cost, you might find that it won’t be cheap to buy back the property…

Which suburb is it in?

Will you be renting it?

Hi Terry,

Are you happy to share an example how tax could be eliminated in such a scenario?

I understand that one of the blocks will be considered PPOR (so no tax there) but the other surely will be considered IP so tax will be payable?

Thanks,
Ethan

Hey mate,

Am certain there are a lot of things you should look out for 😉

It’s definitely one way to go about it.

A couple of queries come to mind:

1. What’s the benefit for you to sell H&L vs vacant? Higher price? More demand?
2. Did you seek legal advice?

Cheers, Terry. That’s good info 👍😎

Perhaps show him what you’re doing? Maybe give him assistant duties? Nothing like learning the ropes by following your knowledgeable dad around 👍😎

Patchy start… 😬😬 hope it will all be smooth sailing from here 🙏👍😎

Agree with Terry that there is no “correct” answer.

I can get the logic of family A but why does family B believe both parties should pay for all fences?

Did you guys happen to establish some dispute resolution mechanism? If not, is there a third party both families trust and can agree that her/his decision (after hearing both parties) will be…[Read more]