Lets say you bought a house for $200,000 and after stamp duty and reno costs it owes you $220,000 and then you sell it after a couple of years for say $300,000 and make a $80,000 profit on that property less 50% = $40,000 taxable CGTNow lets say you made a loss on the books in the previous year for say $100,000, would the accountant then carry…[Read more]

I have had a quote for about $350 per stump

I don't no about Victoria but up in QLD I have run this exercise and once council put there hand out and once a bunch of other fees and charges have been paid the cost was over $150,000.There is a fair bit that is required, mainly paper work though.You will need a town planner

Cool thanks, those two rates indicate what I was looking for, I now know my rate is good.

Fair enough. It is for a top quality low priced freehold property in a great location, banks love it, will jump on it all day longlooking at 1 or 2 year fixed rates. lowest in the current market

good work

Shape wrote:
The big 4 bank's commercial department has been quite flexible in the last 4 month, so they would be my first contact. Regards Michael

Thanks

Shape wrote:
There's a few that will do it…a matter of choosing the right lender; me giving you a list of lenders will not help you as 1. Some of them only deal with brokers ( whole sale funding….) 2. You may not fit their criteria, so chance of rejection can be high if you dont know their policy + too many credit hit will not help your case…[Read more]

Shape wrote:
Spoken to a commercial valuer, with most Industrial factory they will value it as vacant due to high vacancy rate due to the recent QLD floods…..however some valuers will still consider as tenanted if: 1. you have a 5×5 renewing lease or more 2. Solid tenant ie the tenant is a franchise and has a well known brand but most…[Read more]

Shape wrote:
Question 1 is probably the most imporant What sort of deal is it? Boarding house? Bakery? warehouse? farm? etc…. —- Generally speaking; ( the list changes quite a bit depending on lender) —-Easier—- Car park Aged care Child care Motel/Hotel ( under 25 units) Pubs Car work shop Offices ( location dependent) Taxi plate…[Read more]

Shape wrote:
Questions to general, need to know: 1. need to know a bit abt the deal ( no point saying CBA etc…if they don't touch your deal) 2. LVR? 3. Loan amount 4. Location ( just postcode is fine) 5. Type of transaction- Investment or self uses? ( ie will you be running the business or renting the premises out?) These are the basic 5…[Read more]

Shape wrote:
I have never seen any Unsecured debt go above $90,000 and even that was not easy ( strong job stability – 20 + years; self employed and good asset based but was tired up.) With most WA client's especially in the mining industry; it's not about your salary or what you make ( as most are on $100-190k) but it more your job stability…[Read more]

Start spending your money people, it will help alround.

depending on where you are, Qld is around $25-$30 sqm so 170sqm is approx $5000

Thanks everyone

Michael 888 wrote:

keiko wrote:
Yes Coomera is a good place to buy, I beleive you will see good capital gains in the future

Hi keiko,do you have any data to back up that assertion. Coomera……………….  Boomera has been promoted as the next big thing. I have yet to see Westfield commit to that town centre. If beach side Gold Coast is…[Read more]

The GOV should allow property buyers to pay the stamp duty off, so that it keeps the economy going as some buyers find it hard to save a deposit let alone $15k for stamp duty.Maybe the bank loans the stamp duty to the buyer inside of there home loan and then it gets paid to GOV but if the home owner goes belly up then the GOV pay the stamp duty…[Read more]

Yes Coomera is a good place to buy, I beleive you will see good capital gains in the future

That poor developer is just trying to make a dollar, LOL.

The bank calculates the interest on a day to day basisI am thinking your loan is for about $300,000Say if your paying 7% x $300,000 = $21,000 p/a divide $21,000 into 365 days $57.53 per day, have a look at your bank statement and count the amount of days between payments. so say if it was from 18/04 to 20/05 this equals 32 days x this by $57.53 =…[Read more]