Glad you got an independent person to look at it – as much as I love my agents, their idea of water glimpses is standing on your tippy toes in the 'lavatory' and peeping out a very small window – yes, it is a 'glimpse of the water'…..but…..One of the secrets of successful renovations is 'disparity of prices' in an area – you don't want to be…[Read more]

I would also be asking how much research you have done on the property – WHY is it 30% cheaper – if you have gone ahead and put a contract on it, you have 21 days (your finance clause) to sus out – you also mention a LONG list on reno requirements, then say you are going to take 'a week' off work – what you have listed is a lot more than a weeks…[Read more]

There is a mile of difference between having an investment property, and property development.you ask what are the common traps/pitfalls first timers get caught out on – lack of knowledge and lack of education is what keeps screaming at me on the forum – you mentioned, lightly and innocently I am sure, to 'the duplex game' – trust me, it is no…[Read more]

As a new member of this forum, I have had a good read of many posts – and this is another post that makes my 'blood run cold' – so to speak.You need to know the answer to all these BASIC questions way before ' you put a contract on a block' – and if you are still asking them, you are not ready to buy – educate yourself first; it is a lot cheaper…[Read more]

you can only get a PPOR exemption (when you live in it) if you don't already have a PPOR!!suggest you spend a few hundred and talk with a property accountant for some facts, as you stand to save it in tax!!

duckster wrote:
You may find a quantity surveyor may be useful in working out what you can depreciate.Also you may wish to nominate this PPOR to be your PPOR even though you are renting it out  for up to six years to avoid any future capital gains tax. You just can't claim PPOR exemption on two properties at the same time.

I was aware that you…[Read more]

Hi – I am new to this forum; have about 7 projects completed.We have always used professionals to assist us with the process; even after 7 DA's, I would still not go into it without a Town Planner or, in the case of rural areas, we have had a surveyor assist both times.  We have just finished a small 'splitter'; also a battle-axe block with the…[Read more]