Thanks Terry – seems like I can request for a refund of land tax paid once construction is completed and certificate of occupancy is issued. Requirement is to be in the new property for at least 6 months to be eligible for the refund.

Sharing the link in case this helps others:…[Read more]

Hello folks …. anyone able to share their expertise on this matter?
I checked out https://www.sro.vic.gov.au/pprexempt#11 which does indicate both the new PPR and old PPR will be exempt from land tax provided new land isn’t generating income and we fit in that category as we knocked down the place as soon as the settlement took place.

Look…[Read more]

Thanks for your reply Terry. This is in VIC.

Hi Shehan,

I basically took my rough drawing / plans to several builders to get some rough pricing and inclusions they provided. We did that exercise about 12 months ago and glad that we are in the tail end with our new home should be ready in approx 8 weeks time.

Purely from experience (based in Melbourne), I found most builders quote was…[Read more]

Anyone with some details / suggestion??

I’ve just done that – contacted approx 5-6 demolition companies and received a quote ranging from $11K to $20K for a 3 bedroom weatherboard house to be demolished. Asbestos removed with certificate provided and a reasonably large tree to be removed included.

Demolition company wasn’t worried in me salvaging things on my own & hence managed to…[Read more]

What about Tica Landlord Insurance cover – http://www.tica.com.au/insurance.php
I’ve had them for the past couple of years for 2 of my IPs but never had a reason to make a claim so far.

Anyone else has had experience with Tica that you would like to share / make me & others aware?

Terry – thanks for the info and I will touch base with my solicitor to assist with the licence to occupy as you have suggested.

I would have thought that Buyers advocate fees would be added to the cost base for the property.

Hi all,

While on this topic, what is the main difference using someone like BMT / Washington Brown / Depreciator vs TaxShield who charges a fraction of the cost from the other companies? I understand that there is a comprehensive check-list provided by TaxShield that you need to conduct the onsite inspection and provide the details but wouldn’t…[Read more]

Hi all,

FYI, I recently had changed locks for one of my IPs based on the request of a tenant wanting to move in. They had put in their application & requested the PM for external door locks to be changed. I was happy to do so as I was getting $5 more per week and for them to sign-on a 12 months lease.

Regards,
NM7

Thanks for your views Nigel … as replied to Richard, I'm certainly looking at some good opportunities within Brisbane but wasn't sure what my best options are, particularly being based in Melbourne. I'm concern of choosing an area that might be flood-prone or just not attractive to potential tenants. What sort of budget range would be involved…[Read more]

Hi Richard,

Thank you kindly for your reply and I was introduce to a new house & land package in Upper Kedron within the Jarrah estate for investment. Hence, I just wanted to get views of the experts here in regards to which location within Brisbane that would potentially fetch good growth & good yield for approx $450K to $500K. Have you got any…[Read more]

While on this topic, would you also combine Landlord Insurance with RACV Emergency Home Assist (assuming you have an IP within VIC)? Also in regards to SMSF101's recommendation site of quotelinedirect.co.uk – does it cover Australian properties? Has anyone managed to get a reasonable quote from the site?

Regards,
NM7