Hi Ivan, 

I am looking for a builder right now for single unit work at whitehourse area. Would you please recommend me a good builder?
thanks
TOM

capital growth sometimes (can i say most of the time?) can be much more than your rental incomes. You really should have some consideration before you make the decision  just based on you want CF+.

Hi there Deepak,exactly like Terry said, what you said is sound like a business. If you build a new house then sell it after you live there for a year, not just no CGT exemption, you might also need to pay GST, you'd better talk to your accountant to disscuss this. I'd like a accurate reply too. happy to discusspeiranyu

peoples in other states should create a “Trust” list too.

simple math, you loss 10k on your investment property (lower rental or paid interest.. ), you may only get 5K (highest income tax rate) back on your tax. Tax is just one consideration of investment, not your purpose. Paying 1 m tax, means you can earn 1m at the same time.

Hi Razz, since you are going to hold the property for long term and plan to buy your PPOR in 2 years.  I assume you don't have a PPOR now. so why don't you treat your first IP as your PPOR? consdiering the CGT, It may even more than the depreciation you cared. Then after two years, you change your PPOR to IP, then buy youself another PPOR. (It…[Read more]

Hi Ozlat, save as much as possible. when I graduated 5 years, I simply had nothing. I have slept in one garage for 2 years, lived in a boarding hourse for one year with other 7 people. I don't have a decent job/income. But I managed to save quite a lot to pay for 3 IPs deposits.So make a plan, start it today!PEIRANYU

Morning there, If I were you, 1. first, I will get a planning permit approved. This would you about half to one year to get it (maybe even more, depends on). 2. You can decide if to sell the land with permit. Do an analysis about the market at that time, calculate the profit to see which option give u more profit. (sell land or continue to build…[Read more]

2000 Ford Festiva, only worth $3000 now. For the last two years, i always were thinking to buy a new car to replace, something like a BMW X3. But considering the big mortgage we have now, the question always come to me: spend on a new car or put in my offset acount?

Thanks for your reply, Ballerina and Terryw,

definitely i need to talk to a good accountant. But before that, I would like to get some ideas then we can ask the right question when we meet with accountant. (BTW, any good accountant you guys can recommended?)

For the idea of company, I didn’t think about what kind of company it should be, just…[Read more]

Hi Anandd,

We are in the similar situation.

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And adding another layer of complication, what base value I’ll be using if I decide to subdivide the Property Two (just separate part of land, build a small dwelling) and sell the new dwelling. And I’m assuming that I’ll be entitled for 50% CGT discount upon the sale of this dwelling and will be ab…[Read more]