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    @gavinh
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    March 22, 2007 - 2:44 am

    Thanks for the reply Alistair,

    It is good to know that you think this is cheap, and I take on board what you say. However this designer was recommended to me by to seperate people within the industry totally unconnected and without bias. Also he does a lot of work in the area that I live and most of his designs achieve prices toward the top of the market.

    Gavin

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    May 2, 2006 - 5:24 am

    Thanks for replying 1313,

    When I say claim back GST on build costs I am not talking about it as a purchaser, but as the developer. The build costs have a GST component in them, and as I understand it, you claim them when paying GST, so as to not pay that component twice.

    Gavin

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    April 12, 2006 - 7:34 am

    Warren,
    I am not even going to start on why eating some food you found on a train is wrong in so many ways. Just cause its free doesnt always make it a bargain!.

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    March 28, 2006 - 9:04 am

    Thanks battleships that info is helpful.
    Gavin

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    March 19, 2006 - 3:54 am

    Phillip,

    A good rule of thumb is to not spend more than 10% of the propertys value on renos.For every dollar you spend you should get at least $2 back. Market research is the key, Amanda is right. Look at what other similar propertys in the area are selling for(not the asking price)renovated and unrenovated and know exactly what you can expect from a finished product. You can then determine what the right course of action is. The main point is to know what your profit will be before you commence the project, this is what differentiates investing from speculating.

    Gavin

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    March 18, 2006 - 3:00 am

    Thanks for the reply Harley,

    This will probalbly sound naieve but what is an LTO?

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    March 17, 2006 - 8:42 am

    Thanks Terry,

    Is Mike an accountant or a solicitor?.

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    March 17, 2006 - 8:30 am

    c’mon someone must have an insight about this.

    At the very least could somebody please point me in the direction of where I could find out info about what is the approprriate use of the various different titles in different situations. There must be a website with this info somewhere?

    Thanks
    Gavin

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    March 9, 2006 - 10:06 am

    Could using an option be considered a form of land banking? I would have thought so. According to some books I have read It is a popular tool when the market looks like trending up.

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    March 2, 2006 - 10:07 am

    Thanks for the reply Mike.
    It makes sense that if I was to subdivide my property and sell of the newly created block that it would be subject to CGT, as the new block is no longer my PPOR.

    However if I subdivide and only sell the property that I currently reside in(which isn’t subject to CGT), build on the new block, then live in it. Then when I go to sell that, surely it isnt subject to CGT or GST.
    The question is, how long do I have to live in the new property for?. Is there a minimum set by the ATO. Or do you just have to prove that it was your PPOR if even for only say 1 month or less?.
    Any thoughts?

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    February 27, 2006 - 9:52 am

    Thanks Adam,
    That website answered all my Q’s.

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    February 27, 2006 - 2:55 am

    Thanks for clearing that up.
    More time to snowboard is a motto I can empaphise with.

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    February 25, 2006 - 9:08 am

    I may be wrong, but I think its the settlement date that counts, Be careful with this.

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    February 25, 2006 - 9:01 am

    If that is correct, then there is a hell of a lot of developing to be done in 25 years. If 30% of the the population in 2030 will be living in new dwellings, thats accommodation for approx 7 million people.
    che-ching$$$$$.

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    March 18, 2005 - 9:57 am

    thanks foundation

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    March 18, 2005 - 3:13 am

    Thanks squeaker_d.
    Foundation I am after median prices for all centers (regional and cities) in general. Mainly for my own research purposes.

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