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lyndon_g
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@lyndon_g
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July 22, 2006 - 10:15 am
Originally posted by elkam:
Basically you can rent out your PPOR for up to 6 years and not have to pay CGT when you sell as long as you don’t declare any other place as your PPOR during that time.
But if callander moved into the new home that they purchased..wouldnt this become their PPOR ? in the definition of a PPOR it says things like “does your family live there?” and “have you moved your personal belongings in?” etc etc ?
i would have thought that callander would have to pay CGT (with exemptions) on thier old residence if they rented it out longer than 6 months before selling it ?
cheers
Lyndon
lyndon_g
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July 22, 2006 - 9:58 am
Hello All
many thanks for all your responses!
I will check with my broker when i get hold of him and go over my options.
I want to go interest only so i can build investment properties which i will most likely not be holding on to. I then hope the be able to plonk my profits onto my loan…so i guess i am paying off the principle in a way… just not week to week but in lump sums instead.
Thanks all!
Lyndon
lyndon_g
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July 19, 2006 - 2:13 pm
Hi Jaffasoft
My business partner uses skype for his interstate calls.
We use a program called tri-tel. it is a pre-paid service, and you simply add credit with your credit card, bpay etc etc.
the calls are very cheap..11c nationwide to land lines. approx. 20c min to mobiles… and it can also be used for sms at 11c each. you can set up your number so ppl receiving sms from you do not know you arent usin your phone.. as it sends from your number.
you can also set up a virtual number which people can use to call you (details above are only for outgoing calls)… this service only costs around $19 per month (much cheaper than telstra etc) and has the call rates as mentioned above!
screw telstra!! boycott!!
cheers
Lyndon
lyndon_g
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July 19, 2006 - 1:29 pm
Hi Shergar,
i would have thought that if you moved into an IP, it would then become your PPOR?
i am unsure of this..very interested to see some informative replies to this one!
Cheers
Lyndon
lyndon_g
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July 19, 2006 - 1:22 pm
Hi
i think wylie’s idea is great.. if its possible..
if not, a garage will definately add value…but only if it can actually manage to fit two decent sized cars in it! then again…test of your morals here…a potential buyer may not know its a tight squeeze until they buy the property…and they may not have large cars so it wouldnt matter.
in regard to council approvals… i would definately wait for approval to save having your butt wooped later on… but i dont know how strict the councils are where you live… i know here in perth we go through hell trying to get approvals when we would like them!
regards
Lyndon
lyndon_g
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July 15, 2006 - 8:18 am
Hi
I think what you are doing sounds like a great idea. there will always be risk in investment, and i think the fact that you are doing it with your parents minimises this risk.
Balga is a great area also. If all the numbers work and you can afford it ok, then i say go for it and good lu[lmao]ck!
cheers
Lyndon
lyndon_g
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July 11, 2006 - 1:21 pm
Hi
I am very interested. We build new single storey houses south of the CBD (atwell, baldivis, mandurah, secret harbour, dawesville etc). approx 300 sqm. Are you interested ?
Regards
Lyndon
lyndon_g
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July 5, 2006 - 11:01 am
I think even though you are first home owners, you should have trust in your builder…especially because it is celebration homes. I definately understand your concern, but a supervisor will be allocated to your job and will be quite experienced.
That construction inspection service would be beneficial for an owner builder, or someone using a small private company that they dont know much about.
If you feel that you would really be more comfortable using an outside inspection service, then make sure it is within your budget and go for it because building your first home can be a stressful time!
otherwise, remember that you are building with one of Australias biggest building groups. You are also protected in many ways by the HIA. Read your contracts and associated documents thoroughly and you will see that the builder has many strict guidelines it has to adhere to.
Regards
Lyndon
lyndon_g
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July 3, 2006 - 2:21 pm
Hi
I dont think you should spend extra money on a building inspection service (never heard of this btw)…simply because this is what you are paying your builder for!
Can you elaborate more on the service you are looking at getting ?
Cheers
Lyndon
lyndon_g
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June 28, 2006 - 2:12 pm
Hi
Celebrations seem to be doing quite well, as do ventura. Id say they are both just as good as the next builder…apart from a select few . In regard to building times, if you get your home within a year of signing a preparation of plans agreement, you are doing well. one would hope that these two building companies are achieving this, but the industry is crazy at the moment and anything could happen!
feel free to ask any questions regarding building co’s etc…i am part owner of a medium size building company in perth so i could hopefully give you some useful advice if required!
good luck!
Lyndon
lyndon_g
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June 22, 2006 - 1:32 pm
Some very good points there snowflake!
I think besides the obvious bargain hunting…the best thing a person can do is DIY jobs… working in the industry myself i know exactly how much labour costs these days!
Lyndon
lyndon_g
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June 9, 2006 - 4:13 pm
I use Character Cabinets for all the new houses we build.
they are very good and quite helpful, so give them a try. not sure what their stance is on small reno jobs though.
i think replacing is most likely the best way to go.
Lyndon
lyndon_g
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June 9, 2006 - 4:08 pm
My thoughts are to look at exactly what you are getting for your money. As a builder myself, i see the cost per sq metre (we work in sq metres in WA) double or even triple when people upgrade and add luxury items/appliances etc etc.
Compare advertisements and look at builders specifications ie what they include…. are the basins china or acrylic?, what are the ceiling heights? tapware plastic or chrome? what tiling is included and if any how much?
the list could go on and on…and on..
feel free to ask any questions you wish.
good luck with your new home.
Lyndon
lyndon_g
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June 6, 2006 - 12:03 pm
if it is near the coast i would say there is a high chance of limestone…which will add a few thousand as you need to build up the sand pad before construction in the event of limestone.
things such as this shouldnt deter you from buying if you like the location etc. there is always going to be minor speedhumps when it comes to building…just make sure you find a builder who will look after you!
im run a building company (in WA) so please feel free to ask any question u want!
regards
Lyndon
lyndon_g
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June 6, 2006 - 10:45 am
Class M sites are actually quite expensive. Class A is is the most standard/basic concrete footing detail, and the cheapest.
what area is the block in ?
if it is prone to flooding then it will need some costly earthworks.
regards
Lyndon
lyndon_g
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June 4, 2006 - 3:04 am
Hi
would definately reccomend Microsoft Project. If you do decide to use it, would also highly recommend taking a short course at your local TAFE / business college etc so you can utilise the package to its full potential.
Lyndon
lyndon_g
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May 29, 2006 - 1:56 pm
hey
definately agree with terry there!
i am very much a novice, but i have learnt so much from reading websites, asking questions and sifting through the wealth of information on these forums! i refuse to spend large amounts of money on expensive “programs” etc. i just feel it would be much better off invested into property…
i know many may disagree and say that some expensive education materials may save you more money by educating you and hence helping you to avoid mistakes…but i feel that if you start out taking minimal risks, you will learn so much more than any program can teach you.
sometimes i feel that these property gurus should just come out with it and say “the best way to make money in property is to write a book about it”
anyway, i think there are many books out there etc that do actually give some excellent advice, but IMHO i feel that thousands of dollars could be better spent elsewhere.. which many will disagree with im sure!
Good Luck with everything
Lyndon
lyndon_g
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May 29, 2006 - 11:32 am
Hi
you certainly should be able to get a package for around the $1000 mark…you may just have to search around a bit. dont forget about installation etc ? this may cost you a bit.
id be wary of some unknown “european” appliances as warranty issues can be a real hassle sometimes..whereas well known australian brands are generally quite reliable. perhaps even to find the bargain you are looking for, you could try “seconds” sales? i know the thought of damaged goods seems like a no-no but you can get some excellent appliances at a highly discounted price!
regards
Lyndon.
lyndon_g
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May 15, 2006 - 11:46 am
You only have to move in within 12 months.. not live there for 12 months. You do however have to be there for 6 months for the FHOG as you said, so i am assuming that you need to be there for only 6 months for the stamp duty concession also. i think!
Cheers
Lyndon
lyndon_g
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May 15, 2006 - 11:07 am
How were you planning on building? Were you going to pay a building company to do so? If so they will have all the insurances in place. If you are doing owner builder, you will need Home Indemnity Insurance if you plan on selling within 7 years!