Dont use the standard form. Get a lawyer (a good commercial property lawyer not a conveyancing one) to do you up one to suit your needs and have the tenant pay the legal costs. They will have standard form precedents they have developed.  That what all big landlords do (unless its retail then its against the law in Qld  to have tenant pay legal c…[Read more]

Rob Do you have a website or other info re your properties? I havent seen much around for Adelaide.  PS The head lease for QAHC is pretty onerous and I would caution anyone to also get legal advice before they go ahead.thx

so Sailesh are you saying that you could do a small development like a stand alone duplex and obtain NRAS for it and then keep it and the tax benefits ? I thought you had to partner with a not-for-profit to do this? Also thought that the application process was very complex….

I dont know about constant maintenance-get a building report to make sure its Ok. In my experience check that the stumps dont have white ants (although they are not too expensive to replace with concrete) and check if the roof or roof beams need replacing.  Also I had to rewire the whole house so check the electricals.  One bad thing is they c…[Read more]

I don't know about "better" but I had a 1930s timber home in Brisbane for 10 years which did very well and which I regret selling all the time! After I sold it the values went even higher. My parents 1970s brick house did not do so well. A lot depends on the area, whether its a character Queenslander home and not just a hardiplank highset and so…[Read more]

Hi Thinktankthis was an issue with head lease structures but has been basically resolved from ATO point of view pending some legislation to fix it. Its all so new so there have been some teething problems! One thing that still seems to be an issue in the latest from ATO is the reference to husband and wife partnerships not being able to get NRAS…[Read more]

thanks RichardI thought that might be the case-I am dealing with Sydney office and it maybe that they havent come across NRAS much as its not gained much headway here. I assume that you go through Brisbane. If I have anymore trouble I might drop you a line.  Also trying to work out how to structure loans, who's name to use , how much, etc etc.…[Read more]

Hi I have been investigating NRAS properties in South East Queensland. I have struck a problem with the bank (NAB) I know someone else here said they went through NAB. Bank wants to charge me $500 to look at the documents and then they are just as likely to reject it.  They do not seem at all keen.  Has anyone else struck this? Any suggestions?thanksR

Hi ArnieSI agree with what you say except for your comment about the "very rich". The most vulnerable are not actually what I would term very rich.  The people I know who have gone bankrupt and/or  lost their homes etc have been owners of small to medium businesses who whether through their own fault or not have experienced a business fail…[Read more]

Hi MYWhether you use a discretionary trust set up or not depends on a lot of factors as you can see from some of the comments here. It really depends on your goals as well as your current position and age.  While you have a low income now that may not be forever. To a certain extent if you and your spouse are both on very high salaries a trust is…[Read more]