I agree, Ikea kitchens are great. We did two in a pair of dual-key units we had about 3 years ago. They were easy, everything fit together perfectly. Great fun. And for what we got, they were incredibly cheap. Quality was excellent. At the time it worked out cheaper than Bunnings as we compared the two. And the best bit was that we ended up with…[Read more]

Hi all,Thank you for suggestions/comments. Craigsed, I do apologise if I made it sound as though I knew all about doing a duplex development. Of course I don't and that's why I sought assistance here. And, yes naturally there are other options including dual occupancies, etc. My reasoning at making such a (presumptious) opinionated statment was…[Read more]

Thank you both for comments above. We've tried St G at your suggestion Terryw and they're response is also that they will now value as "one line". The gist is that there is no guarantee that the strata titling will ever be done. And yet I cannot understand why anyone would NOT do it, when the cost is so minimal compared to the total increased…[Read more]

Elka,

The thought was to sell third unit to ourselves at lowest possible price to reduce CG on initial development. Property would become PPOR and when sold down the track would not have CGT which it would if remaining in the trust and we rent from trust. We expect high capital growth in property.

If we can get it low enough, we would own…[Read more]

Thanks for response. So I am presuming then that you will still be liable for CGT?

Propertylearning

Interesting to read about the Big C. We are just experiencing something similar. Had pre-approval to borrow up to $550000 2 months ago. Had just found a property that we want to develop with 3 units eventually which went to auction last night.

I went to the bank just to check that everything still ok and also to arrange extended credit for…[Read more]

Thanks for your comments.

On asking, have been told that the 80% LVR on boarding house is conditional on having all properties and won’t do boarding house above 70%without other properties.

Looking at alternatives for this finance now

Propertylearning

Hi Steven,

Thank you for you quick response. Yes, we seem to be caught here. Currently able to get the 80% on the boarding house, but can’t get the 90% on other two investment properties. Wondering why I can’t have both. Will take your advice and keep searching I think. Just seem to be running out of time.

Is this normal to have to spend so much…[Read more]