Forum Replies Created
Hi Duncan
I'd suggest you contact local Buyers Agents to see if they have any buyers on their books who might be interested in your unit. They won't charge you anything, as the buyers pay them. You can find a list of accredited buyers agents at:
http://www.rebaa.com.auCheers
Yvette Goulter
Principal, RedRoof – Licensed Buyers Agent, Brisbane
http://www.redroof.com.auHi Gemma007
If you live in the property for 3 months, you wont avoid CGT. You have to live in it for the full time that you own it. GCT is pro-rated between the time you live in it and the time you don't. You can find out the detail of tax ramifications for free at:
http://www.bantacs.com.auHaving said that, there are few markets at the moment where it is worth renovating for profit, so be cautious and realistic about the end gain. But if you do proceed, you are best to buy the property as your PPOR and live it in until you sell, so as to avoid higher stamp duty as well. Hope this helps.
Yvette Goulter
Principal, RedRoof – Licensed Buyers Agents, Brisbane
http://www.redroof.com.auHi Thomas
Is there an easement? Is the sewer lined shared with another neighbour? If not, you can probably move it. I have moved one at on one of my investment properties, but there was no easement. My advice is get advice from the local Council. Its worth a trip to the Council office – they can usually bring it up on screen and show you what's going on. This is the only way to be sure, and ESSENTIAL before you buy. Besides, if its not a problem, there's no need to let the Selling Agent know – use it as a bargaining point!
Yvette Goulter
Principal, RedRoof – Licensed Buyers Agents, Brisbane.
http://www.redroof.com.auHi Gezzy
You can absolutely use equity in your PPOR to buy an IP. The main benefit of doing this is that you get to enter the market sooner (and cheaper, if the market is rising). Experienced investors will tell you that you make your money when you buy an invesment property, rather than when you sell. That means it is imperative to buy wisely and get the best possible property for your budget. To ensure you make the most of your money and buy quality property, its worth considering using a licensed buyers agent. Check out websites of buyers agents in your area.
Yvette Goulter
Principal, RedRoof – Licensed Buyers Agents, Brisbane.
http://www.redroof.com.auHi first home buyer
No, you can't buy at auction subject to any conditions. And the problem with doing inspections before auction is that you may not end up buying the property – either because someone else is prepared to pay more, or because the seller wants more than any buyers are prepared to pay (hence the property is "passed in"). So you lose the money you spent on the pest inspection. You can make an offer before auction, subject to inspections. Or you can wait until after the auction, and see if its passed it. Then you'll know the highest bid and whether you are prepared to pay more. Of course, you may miss out too. For the best chance, its worth engaging a licensed buyers agent.
Yvette Goulter
Principal, RedRoof – Licensed Buyers Agents, Brisbane
http://www.redroof.com.au
