Depends upon the town plan.Not all of NSW will have the same zoning requirements to allow sub-division, nor any state for that matter.You may find that within Griffith iteslf there are different density requirements that council have depending on the location. Generally (altough not absolute) main/busy roads nearer to intersections and especially…[Read more]
Hi there mrs p,Have gone thru the program with CCorp and the content is wide and varied. Comprehensive and put together in a decent framework, for those new to the process of developing.Having said that, she also offers higher level programs and mentoring. I didn't go down that path nor have any intended need to. My interaction with her and CCorp…[Read more]
Matt007,conserve your breath mate. Ohh…….now the sceptic in me surfaces from it's slumber.mattbombers…………….first post today (after joining the forum today)……………..are you a representative of said property optioneer.Only 10 spots left…….better hurry or we'll miss the bus. Why not ask for a list of his developments up…[Read more]
Thanks for sharing w4w.Apparently even though the NINJA whitewash is abating, we (or the US at least) are in the eye of the storm as those further mortgage re-sets hits next year…… I wonde if our counciles here is Aus also invested (sic) in them as theuy packaged by the smoke and mirror merchants to be investment vehicles.Will certainly affect…[Read more]
No. I don't think you would pay tax, however on the other side of the coin, your expense (interest capitalised for the draw) would obviously not be tax deductible.IMO you would need to be careful that you have enough equity for your intents and purposes….so you you don't end up killing the golden goose/geese altogether with compounding debt.
There are markets within markets and sub-markets within them.I don't see any further correction. Lower end with FHOG scaling back might soften or track sideways and then there is a case to be put forward that investors may pick up the slack.The higher end took a hammering with the stock market bear market and has since bounced back…….at least…[Read more]
Xenia,surely you must be due for a sojourn to marvelous Melbourne………..and you can run an event here for us also. I'm sure that other famous (aside of course from your good self) South Australian would come and share his learnings. Then again, I should get my act together and come and visit you guys………one of these days………….
Hi young investor,Here's my .02 cents worth…………..with some bias as I own IP's there.Fundamentals in Parramatta are good. The government (local and state) and private interests have some 2 billion dollars investing there. Also the civic place redevelopment will add to the appeal of the hub. Consider the amenity of the suburb. It is an em…[Read more]
This is probably not the full article, however some indication of its contents are provided.:http://www.theaustralian.news.com.au/story/0,25197,25839599-601,00.htmlIf that's correct, my opportunity eyes are on already and with very conservative current LVR's…..it may be time to go shopping again. I have been sitting on my h…[Read more]
“Mr. Market” is a fragmented, schizophrenic, multi-faced personality. Amongst the doom and gloom and, of late some yipee-kay-aying that we are bombarded with by the media, it is timely to reflect on where we're at and where we're heading with regards residential property.Certainly, we are in interesting times and whilst not to trivialise the soft…[Read more]
I am no accounting expert, however I was under the impression that such type of lease back would not be a "going concern". This is a grey area. Such a short lease may not be viewed upon by the ATO as a going concern.Agree however that the implications of the lease you are inhereting with the building need to be understood. If you are purchasing v…[Read more]
Hi ya Mike,thank you sooooo much for the two reports you provided to me this afternoon. Can't register kudos on this forum, however kudos declared in the public domain. Very timely and useful to me.Much appreciated.
This is unlikely to be considered an arms length arrangement……..and at less than market value………….big can of worms here.Also the asset needs to be real business premises not resi. On that basis, unless zoned 4A is a business or industrial zoning at present it is resi (not real business premises). No need to worry about bare trust and…[Read more]
Great maiden post symon_natalie. Couldn't agree more. Welcome to the forum. Unwired, I'm assuming you've read this entire thread thru and more than once. If not, do so.With current interest rates and rent demand in most places, these deals are all around. Do not think that you will be spoon fed the properties and be cautious of those pr…[Read more]