As a general rule of investment, you exclude the effects of tax and interest.

Sparkys wrote:
Most real estate agents are happy to provide you with a list of past sales data in the area.

If I had a crystal ball, I would also provide future sales data as well.

It may be advisable to have the site surveyed for boundaries and levels and to provide this information to a hydraulic engineer to discuss your options.The use of stormwater pumps is quite normal, you generally have 2 pumps (backup pump) and a large reservoir (stormwater detention pit – which may be used for water recycling as well).

Self-letting: You dictate when and how long you will open the premises (agent will allow 30 minutes)Self-letting: You meet/greet/screen perspective tenants & colour your judgement with your own perceptions (agent has to comply with discrimination regulations, will undertake necessary employment checks etc)Self-letting: Need to become acquainted…[Read more]

Architect Designed house – about $2500/m2Project home – about $1500/m2http://www.bmtqs.com.au/ConstructionCostCalculator.aspx

Hmmm…….Profit is profit ie income NOT an expense.

theop72 wrote:
From what I've read it seems we can avoid any Stamp Duty in Vic under the Love and Affection Clause. However, as my wife's properties are IPs, if she sells one to me will she be up for CGT ?

The purpose of the transfer is generally either property settlement or splitting ownership of asset to your partner not moving the asset…[Read more]

As an owner builder you are only able to get an OB licence in your own name every 5-6 years not every 3. As Terry notes, you may be able to minimise your cgt by living in this property for some period during your ownership (preferably when you first bought it) however you can only have one PPOR at any one time (generally ie if you are selling the…[Read more]

It depends upon your goals & the property.If the property is well run and has a good strata manager, then probably not. If on the other hand, it is poorly run (ie lots of maintenance issues outstanding, substantial funds to be expended from sinking fund, large number of investors with low motivation etc), then it is important to get onto the…[Read more]

Michael, you'd probably be paying fees for the sake of not much benefit. As the purpose of the redraw is for another investment, the interest on the new borrowings would most likely be deductible.You may be better off refinancing first, with a new offset and LOC and avoid restamping the loan.

An architect or designer who is familiar with your area will be able to assist in maximising the built area on your blocks. Although it may dictate a .35 FSR, some LEPs do not count areas like garages, storage, carports and the like in the GFA. So you may be surprised with the size of the house that you may achieve.

Try the Building Code of Australia or your council

Just as bad is when the bank fails to discharge the mortgage so there are caveats all over the title.

Sorry, I thought you meant Woodridge @ Thredbo.

Any unit/townhouse in Woodridge is generally great. Rents are super. Best locations are facing the super trail with ski-in ski-out

You will need to fire separate the two dwellings ie build a fire wall between the two sides – not sure of the standard but at least 120/120/120. This needs to extend from the ground through to the roof tiles.

I'd hazard 10% -11% is very realistic considering the difficulty in financing ATM. Yield is not the only factor when it comes to the value. If you can lock the tenant in for 5 + 4 it would be preferable ie more certainty for the buyer, yield would drop if a longer term lease was in place. What is the land value up that way ($/m2) – must be pretty…[Read more]

No, the ATO is auditing you, not the bank. If you did not commission the valuation then the valuer (nor the bank) may not extend the right to use the valuation to yourself. The purpose of the bank's valuation is for mortgage purposes which differs greatly from a valuation for market value for the purpose of a sale.

There is quite a bit of good buying around Penrith/South Penrith – located near Westfields & Rail line. Plenty of +ve geared units if you look (some smaller blocks you may be able to pick up 2 or 3).

Do a title search through one of the suppliers listed in Google or Land Titles Office.