Thanks for the replies. Between what you have said & my accountant, things are falling into place. I will do what grossrealisation says and read your previous posts Cata.

Cheers
Kevin

One of the main concerns a vendor might have in allowing access prior to settlement is as you said, unfinished or dodgy repairs if the deal falls through. The other concern is if they give you access, how do they get rid of you if it goes sour. To get around this you could ask them to prepare a licence, and agree to vacate on a certain day if…[Read more]

Brizza

One other common type is a wooden floor on brick, concrete or steel stumps (piers). On top of the piers are heavy wood beams (bearers and joists)The floor can be floor boards or sheets of particle board which are fixed to the joists.

The other method is a raised concrete slab, where brick foundations are built up, the area inside filled…[Read more]

Richard,

The client lives in regional NSW. Houses are priced at 120k upwards where he lives. He is interested in something maybe up to $160k if he can afford it

Kevin

Not sure of the answer, but just do a search for First Home Owners on Google and see what the rules are for you state.

The sewer is connected to tanks means it is a septic tank system – most likely a pump out one. The costs to connect it to the sewer main would depend on the distance the new connecting pipes need to go. The work needs to be done by a licensed plunber, so you would need to get a few quotes. They will also tell you a time frame. You will also…[Read more]

Ian,

I have heard that 1% is reasonable to pay, but you can negotiate anything you want. I haven’t used options before, but that’s what I’ve been told.

We are currently buying a property with access before we settle. The vendors solicitor insisted we have a license to occupy, and drew one up. I can fax you a copy if you still need it.

But the way, we exchanged on that property on 16 March, have possession of it rent free, and it still hasn’t settled.

Oh well!

You need to get a valuation of the house when it changes from your home to an investment property. You then only pay GCT on any increase after that valuatio. Whatever it increased in value while it was your primary place of residence is not subject to CGT.