Your list of nots includes most 1 into 2 subdivision sites in Brisbane.

Hi

Many people make great short term gains subdividing, gives a good kick start to your equity.

regards

D

UPDATE
The New Town Plan is not going to help people with this, in fact it is even worse.

Any development for a secondary dwelling is:
(a) a maximum of 80m2 in gross floor area;
(b) located within 20m of the dwelling house;
(c) occupied by one or more members of the same household as the dwelling house.

Household is defined as
An individual or…[Read more]

If it rents well and you are concerned with the tax bill, you could always sell it to an entity controlled by you.

You have had no CG so CGT is not an issue, but would have to pay stamp duty and legals on purchase in the new entity.

$400k property  would pay $16k in stampduty, and your new entity would borrow as much as possible and you would…[Read more]

From a Planning Law Perspective, a premises is defined by its use in most states.  

Hi Ashley

Looks Great.  

Will be a great resource for many people on here,

Cheers

Darryl

I always found it hard to find great people with a decent knowledge of property investment, development etc, whether they be brokers or accountants or lawyers etc.  

That is before I joined a property forum back in 2004, and just like this one, full of good sources.

Richard will sort you out, once he recovers from the icy blasts of the home…[Read more]

Hi

This is a great place to start.  One advantage about your situation is that it  might not make sense to buy immediately, which many do without taking the time to educate themselves and get setup.

While paying down your debt and getting ready to buy, I would suggest learn as much as you can about the following
-different types of property,…[Read more]

That should mean

2 Year lease with 2 year option, followed by another 2 year option. Its a 6 year lease if it is not optional.

That should mean

2 Year lease with 2 year option, followed by another 2 year option. Its a 6 year lease if it is not optional.

SMSF is a highly regulated area, buying deeds off online providers is a scary process.  If an accountant, lawyer or someone else stuffs up, you have their insurance to help.  If you do it yourself you are on your own.  

Hi Ross

There are multiple possible structures, the state the property is in will affect choice of structure also but a Unit Trust is often a good vehicle in these situations.

If a Unit Trust does turn out to suit best, I would strongly recommend a Unit Purchase Agreement, this is an agreement signed by all the parties and outlines all of the…[Read more]

Depends where you are 

Brisbane
$1500 per sqm

BE VERY VERY Careful in Qld, especially Brisbane City Council Area.  I am currently dealing with a large number of Show Cause and Enforcement Notices for what BCC considers illegal uses relating to dual living arrangements

There was a Qld Court of Appeal Ruling which came through in 2012 (ADD Design v BCC).  The Court stated that the Definition…[Read more]

Flexiblity is the key

Many put the negatively geared property in the high income earners name.  Which is great, unless you get capital growth and when you go to sell it, CGT is at top taxable rate.

Discretionary trusts are bad for Land Tax in some states (Hello NSW)

I love it when other people's clients have stuff in personal names.  When I am…[Read more]

Hi

Agreed

Find lawyer in your state as 1st port of call, make sure the asset protection and the entry, exit and what if it all goes bad stuff is going to be sorted.  IF they work with good accountant even better

regards

D

My only comment is, that if you are confident of the DA, why not sell them now.  Will need a solicitor to draw up a OTP, proposed lot or whatever they call those contracts in SA

D

Agreed.  Terry is all over it.  Great contributor to forums

You have been on this forum longer than me hey, are you SS also?

D