parraeels replied to the topic Kings Langley, NSW Property Profile in the forum General Property 9 years, 9 months ago
Kings Langley is already nice area. Wont change much I think Kings Langely has it own DCP so restriction on what you can and cant do. Due Sikh Temple prices are already gone up and it will keep going up.
parraeels replied to the topic Subdivision and build 3 units? in the forum Help Needed! 9 years, 9 months ago
Council approval cant cost between 20-30K relaying of which type of report need to prepare by experts (statement of environmental effects, stormwater, geotech, traffic, asbestos, noise etc).
Demolition can cost around 10K. Basic services cost 15K (sewer, electricity, water).
Not able to make comments on construction & landscaping costs.
Also…[Read more]
parraeels replied to the topic Cross Collateral or Refinance in the forum Finance 9 years, 9 months ago
Thank you Corey,
Your comments made perfect sense. Thanks for explaining in simple term.
parraeels replied to the topic Development on PPOR in the forum Legal & Accounting 9 years, 9 months ago
Once you demolished that PPOR you lost the CGT benefit and CGT will apply because ATO see this as business. 10% GST will also apply. DA can take lots of money and time if development is not straightforward. You need to add 10% money for unexpected issues. If your are not developer and doing it as daily business than you may not see much money in…[Read more]
parraeels replied to the topic Adding Granny flat to potential IP in the forum Value Adding 9 years, 9 months ago
Call Duty Planner or visit Council to see duty planner. They provide free advice of permissibility of the proposed development.
parraeels replied to the topic Cross Collateral or Refinance in the forum Finance 9 years, 9 months ago
Hi Corey,
Can you please explain it to me with example if possible.
Details below Offset – $80,000, Loan at PPOR 486,000 and Market Value is $650,000. IP loan required two x $ 400,000.
I was under impression that if I over pay my mortgage at PPOR and convert my home to IP in future whole loan will not be tax deductable. I have intension to…[Read more]
parraeels started the topic Cross Collateral or Refinance in the forum Finance 9 years, 9 months ago
Hi,
I am new to this forum and also first time going to buy investment property. I need some advice regarding structuring my loan.
This year I want to purchase two investment properties $400,000 each. I want to purchase one IP with cash available in Offset account($ 80,000) and another IP by using equity + cash if required.
I have PPOL value $…[Read more]parraeels became a registered member 9 years, 9 months ago