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  • Profile photo of momotalomomotalo
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    @momotalo
    Join Date: 2012
    Post Count: 5
    April 24, 2012 - 1:26 pm

    Maybe take a look at North Melbourne.
    Good central location. reasonable rental.  In my opinion under valued at the moment.
    And might have good future growth with the new Melbourne city Council Arden Macaulay Structure plan to boost the density.
    http://www.melbourne.vic.gov.au/getinvolved/StructurePlans/ArdenMacaulay/Pages/ArdenMacaulayStructurePlan.aspx

    Profile photo of momotalomomotalo
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    @momotalo
    Join Date: 2012
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    April 24, 2012 - 1:18 pm

    Sale Value – GST – Sale cost  > Land + holding cost (interest & rates) +  construction x 1.1 (10%contingency)

    Profile photo of momotalomomotalo
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    @momotalo
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    April 24, 2012 - 1:14 pm

    occupancy certificate can be issued by Building Surveyor. There are Building Surveyor in Local council, or you can find your private Building Surveyor as well.
    Building Surveyor will check the building/house against Building Code Australia (BCA), and relevant sections in Australian Standard . If all satisfied, they will then issue you the occupancy certificate.
    If you are doing your own reno, better talk to a building surveyor before start any work.

    Profile photo of momotalomomotalo
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    @momotalo
    Join Date: 2012
    Post Count: 5
    April 24, 2012 - 1:09 pm

    Depends on a lot of things.
    – natural condition of the block, size, orientation, proportion, fall, vegetation, easement, …..
    – planning & legal : zoning, consent, covenant….
    – surrounding context: neighbor's building height and density
    – and what you want to build/ or what the market is looking for in this location, the average land for a townhouse varies a lot from a 3 story 2bed TH to a 2 story 3bed.

    After all, as a starting point, 16 is a good guess. :)

    Profile photo of momotalomomotalo
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    @momotalo
    Join Date: 2012
    Post Count: 5
    April 24, 2012 - 12:32 pm

    If your current income is pretty reasonable, and you think you are paying too much to ATO. You can buy a negative gearing investment  property to lower your current annual income. 

    Then when you sale, it becomes a problem. Cos that's when the Capital gain comes into the game.
    If your other income in the taxation year is still high, you will still end up paying a lot of Tax. 
    However, the beauty is Capital gain is calculated to that taxation year only. If you can time it right, and sell it when your other income is low or none, then…..   Talk to your accountant.

    Also, your initiation might be some tax saving, but when comes to investment, the priority is always make money.

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