mattnz wrote:
what are you investing for? cashflow or growth or both?

how much are you having to borrow for the 300k investment?

for example, if you don’t have to borrow lots and are looking for cashflow positive, here is 10% return with low strata and high…[Read more]

1Winner wrote:
Campbelltwon/ bradbury

Hi,

I lived in campbelltown for 6 months in early 2000.
I will look into this.

Thank

income – 380 * 50 =19000

per annum
Strata – 2400
water – 650
council – 700
bad managed strata levies- 1000
landlord insurance – 500
intrest – 225K @ 7 % = 15750
management fee= 1800
expense total = 22800

loss 3800 + depriciation 5000=8800

tax benefit = 3520
net loss=5280

am i doing anything wrong in calculation?
should i keep it?

strata is $2400.

I think strata will expect $1000 more in addition to that.

sjnn,

We are not getting good service from our strata.
Can you help some in changing strata management agency.

Is it same in NSW as well?

Gardens are under heritage.
You can not remove trees.

I want to sub divide & build in rear.
Services for rear will pass near 1 of the trees.

I am looking at site under hornsby council (sydney).
There is old house, so sewer is there.

I want to sub divide & build house in rear?
what will be cost?

what will happen if you dont wait for 12 month for sub division.?
Approval and building new home may take 12 months.

According to BANTACS:

Purchased To Use As Your Home:
This section assumes that the property is 2 hectares or less, you have owned it for more than 12 months and
you have only used the property as your home up until the subdivision.

if you cut a block off and sell it there will be no main residence exemption at all because
you are not selling…[Read more]

i am reading there as well.
Could not find any clear answers?
I will read again.

Thanks

When i searched for spec home in google yesterday. i found this.
http://home.qandas.com/real-estate/what-is-a-spec-home.html

I got impression that spec home is pre designed (designs provided by builders) home.
If it is main residence it will not be exempt from CGT.

i guess if it is main residence. it does not matter it is pre designed…[Read more]

It will be PPOR sale. it is old house. Why CGT?

If i buy house & move into it.
Then i sub divide and sell old house.
Am i liable for CGT?

After sub divide, i build new house in rear?

If i sell old house:- Do i pay GST?
If i sell new house – Do i pay GST?

Thanks

GST on what?

do they want to avoid any CGT issues?

Terry,

How much it will cost to get this with ANZ?

i took PI loan from ANZ in 2006.
If i ask for LOC. Will they set up new loan or they will add LOC to existing loan.

can you please explain LOC in more detail?