tammy wrote:
It would also depend upon where you are building and the terrain (slope, soil type). As a comparison, I am building in regional NSW (duplexes) and I am paying around $1250 per m2 plus any extras (extra driveway, kitchen upgrade etc. All the bestTammy

Tammy, which region r u building. I am about to build in Tamworth and Armidale.I…[Read more]

I saw a project home builder advertise $4,600 per square. WOW!Spend a day at some of these homeworld villages for ideas and comparisons

Give it to me!I'll look after it as if it were mine (LOL)

google "sample and partners" (select websites from australia)you will have an immediate crisis of conscience and do something else for work.

Most forum users would never sell a 11% to 12% yielding property.U might get killed in the stampede if u ran an adv.Is it comm or res.Send me the details, I might make u an offer.

Most forum users would never sell a 11% to 12% yielding property.U might get killed in the stampede if u ran an adv.Is it comm or res.Send me the details, I'll might make u an offer.

There is no reference to loan applications in my coments. Yes I agree, tell your lender about the rebate.For lending purposes, they will use the discounted price as the benchmark.(purchase price or valuation whichever is the lower)You will also notice that my scenario was the backend of a development not the frontend.You maybe right about…[Read more]

I agree that affordability will improve greatly by varying your PAYG and obtain deductions every payday instaed of once per year.You can also create a LOC with your equity and capitalise some of you interest. (check with your advisors).http://www.seizacapital.com/index.htm have a cashflow loan (not described on their website) which u could…[Read more]

Get rid of the 20K debt. is what the text books would all say.It will affect your borrowing servicability calculation as does CC and PL & car loans.Saving 20% is sound but very conservative.You will learn advanced techniques in these forums which could help you be a little more aggressive without being foolish.

Bob, there aremarketing groups who still cold call and seminar / sell 'wealth creation'.We all know that they sell for much more than market value.I know of 1 company who marks up the product up to 75K and this is 4 a SEQ H&L package.Of course they need to sell to interstate buyers who are less aware of values.Your products appeal to these m…[Read more]

Jason, its the purpose of the loan not the underlying security which determines tax deductibility.To your question, YES if you redraw the money to invest

It's a great way to acquire IP at a discount.I have had terrific experiences.We form small JV syndicates to enhance our buying power.Developers become keen when they have remaining stock and want to fsell off and move on.Be aware that a discounted price will establish a new valuation precedent.If u buy $300k IP for say, $250k (cause u bought 8…[Read more]

Assumng u r going to leverage this start up money x 5 through debt, will u buy 1 IP for 500k or 2 x 250k??Will this entity have any other income other than rent from the IP?If NO! What  tax benefits are you missing out on?You could receive thousands p.a. from tax rebates assuming negative gearing and depreciations if run through your personal si…[Read more]

We have a self assesment tax system.You put the figures in in 2012 just be mindful that discrepencies can create audits.There will be fair market value guides (latest sales, RP Data etc) at the time of transfer.CGT is linked to marginal tax rate in the year of sale.2012 might be a very reduced marginal tax year for dad.Could work out fine.If you…[Read more]

does dad still work?Tax deductions for dad will play an important role.You might consider NEW as there are great depreciation benefits.Your 'buying' power is usually 50 to 70K better (new V old).Will he still be working in 5 years?This will affect CGT. If this transfer is in a year where dads earnings are small, little CGT.Just some thoughts.PS…[Read more]

a lot of these companies have a heavy mark up on real values.re .com is effective guide to real values.They are commanding a 50% premium… and charging u 5 k for the priveledge.Good if u can get away with it.I would stay far away.

what about those 100% loans

You should consult a town planner and apply for a DA.There is a significant profit between raw and DA approved.This will guide you whether to develop or not.If u wat to sell raw, i would be interested

there has been a severe price reduction in central coast. The entrance has some appealing propositions.I think the market might be ripe. It must be close to the bottom because some sales are under replacement costs

http://www.realestate.com.au or http://www.domain.com.au are reliable indicators