quote:

Why don’t you go to a good bookshop and pick up some good books on investing? Try one called The Millionaire Mind. I’d wager that all the people dealing with these three have NOT read that book. If they did, they wouldn’t want to deal with them.

Hi Rebecca
Is this book available in Australia? Could you tell me the name of the author?…[Read more]

quote:
liviwell,

The CGT legislation can be quite complicated. Essentially your ppor will remain exempt. The taxes that apply to the new property will depend on your choice to sell or retain.Should you sell, the cgt will be applicable. The cgt event will commence from the time the slab is layed.

You will not be treated as a developer, as…

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I have spoke to the land & infrastructure today and understood what’s involve in subdividing and obtaining the permits.
What I like to confirm is, will the newly developed home be subject to Capital Gains Tax and the existing property retains it’s CGT exemption as it has been my principal place of resident?
Please help[]

Hi
I live in Alice but will be visiting Adelaide from 27 Dec to 3 Jan. Please let me know if there will be a group meeting during those days.
Thanks.

Is subdivision uncommon?
To me it’s like getting a piece of land for free. Has any one considered that alternative?
Please share some of your experiences.
Cheers.
Liviwell

Take a look at this:
http://ato.gov.au/businesses/content.asp?doc=/content/31570.htm

That is in fact how I feel right now. It’s the buyer’s market. Although have to be extra cautious in selecting properties cos we be looking at slow rise if not, lower property prices in the next few year.

quote:
4 out of the last 5 properties I have bought in the last 4 months I havent seen – 1 is interstate and the rest are outer Melb. I use buyers advocates and have been happy with the results, no issues at all.

Could you please explain to me how does the buyers advocates work for you? Thanks.

I wish I have people I can trust that would inspect the property for me.
Often as soon as the agent finds out that you are out of town, you are less than a potential buyer[]

quote:
i had a look at a block of flats in my local area, went and had a look and they werent bad, needed about 50k for a reno on the place. the RE agent asked what i thought they were worth, i then asked how much is he asking, 6 x 1 bedrooms and 1 x 2 beddy, vendor asking 800k. i just about laughed out aloud which didnt impress him. although the…

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Alice Springs, Northern Territory [8D]

quote:
liviwell,
what you do is have all your bills etc sorted out, this includes your depreciation schedule, rent coming in etc. get a good accountant and they fill out a form called a 221D.
this is basically asking permission to the ATO, that instead of getting your losses at tax time, they be reduced from your income tax fortnightly. you will…

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quote:
bodycorp and council rates, you need to have an accountant who will put in a 221D to the ATO for you, this costs money but frees up the 2000 odd dollars you paid in those fees. and reduces your income tax per fortnight.

Could you please give me more details on 221D and by lodging with the ATO how will it free up 2000 odd dollars?? Thanks heaps.

quote:
that appear to meet the 11 second rule.

They were ex-govt housing homes (masionettes) which sold from $33-$56,000, all in a major SA country town.

They apparently can rent from $110-$140pw.

Thanks very much for the information. I have been looking to buy a property in regional SA. It has been difficult as I live in Alice but would…[Read more]

I have the complete and up to date Land tax rates for all states of Australia in an Excel Spreadsheet. I would be happy to email it to you if you give me your email address.
[/quote]

Hi,
It would be most appreciated if you could email me the up to date Land Tax Rates.
My email address is [email protected]
Thanks.

“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
[/quote]

I like the quote, very meaningful and cute. But I think there is every reason to be happy. You don’t have to be stupid to be happy…[]

Thanks for your help guys.
Just one more thing. Is this a good time to sell in Alice? The market looks pretty active at the moment. Last friday’s paper states that the properties in Alice has increased 20% in the last 3 months.

Hi
I have come across a few rental agent here that aren’t very professional. Would you happen to know an agent who is more experience and reliable in Alice Springs?
Appreciate your help.

quote:
I’m an Alice Springs buyer. Rentals here are achieving some pretty high (and sustainable) returns and have for a number of yrs.

A shortage of…

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