Dave

beware of realestate agents bearing large gifts.
Ask agents to pre-qualify your buyers finance

have a good trip

Alf

my wife and I bought a house Dec 2002 and sold June 2003.
Profit $32k was split across both our incomes and tax paid at our nominal rate of tax.
If we had sold after owning the property for 12 months, then our accountant said that 50% or $16k of profit would have been tax free and the other $16K would have attracted capital gains…[Read more]

We have just been thru the consultation process with our accountant and she has advised us to set up a family trust if we get into positively geared property.

But only because of our current 5 year strategy. Seek professional advice as this can vary with circumstance and intent.

Professional advice can cost you a little and save you a lot. Doing…[Read more]

Thaks Japanscott

I was wondering the same thing.

Now I am enlightened

Papajoe

Hi enduser

A “dutch auction” is a common strategy with real estates and some private sellers. The anxiety created at the thought of someone outbidding you can often lead to hasty decisions and paying too much for a property.

They can list a property for whatever they want but a property is only worth what you are prepared to pay for it.

My wife…[Read more]

Good deals are available in the market. My wife and I have been looking at what’s happening and where since last year and about 3 weeks ago found one that read like this.

Sunnybank in Brisbane. Asking $430,000 with rent just short of $1,000 per week.
We are not in a position to buy but would have gone for it if we were. Sold within 48 hours of…[Read more]

Hi guys

an extract from the NSW Department of State Revenue.

Please consider your options very carefully as any profit you think you are making can easily be eroded with the stroke of a pen.

Penalties
Q: What are the penalties for providing false or misleading information?
There are substantial penalties for making false or misleading…[Read more]

The Australian Government has a site dedicated to information on FHOG. A search on Google.com.au will bring you to the site. The official stand is that you must live in it for 12 months before you can flick it on to investment. If you rent up front then you will be required to pay back FHOG and donate a substantial penalty. One possibility is that…[Read more]