quote:
Rugby, yeah, i thought that was weird also. Anyone have ideas on how they do this? I think for OTP apartments in Melbourne, there is no stamp duty… but no CGT?? weird…

kay henry

Just a thought, but if you do not pay stamp duty, is your name actually on the Title? I would not have thought so.

CGT can be explained away only if your…[Read more]

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No stamp duty
No capital gains tax
kay henry

They’d better hope Bob Car and Peter Costello don’t see the email coz they might get slightly miffed that they are missing out on some of that tax[][][]

‘Eat rich food, barbeque a yuppie’

Hi all

The ENJOLady – thanks for your kind comments, I am very new to this forum and have got a lot of great info from it. It is only right that I try and help other if I can.

The Purplekiss & Blowie – The first Bruce was kind enough to link it to a website so the spreadsheet can be viewed by clicking on this…[Read more]

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Rugbyfan,

I am sorry if i have pre-empted, but thought I would save your finger for 12 hours. Here is a link to your xls file.

http://members.dodo.net.au/~thefirstbruce/Landtax.xls

If you want to post it on your own bit of cyber turf, I’ll guide you through it via email or phone if you like- thefirstbruce AT hotmail.com

BTW, evem…

[Read more]

I’m geting RSI in the hands from typing and clicking!!!!

Now to answer some questions:

1. From Abbee ‘If there is a threshhold before you have to pay Land Tax, eg: 275,997 in Qld, then why does the spreadsheet have Land value Less than $4,000 paying .20cents in each $?’

– I have no idea why the QLD figures start well below the ‘stated…[Read more]

done anyone else who wants it?

‘Eat rich food, barbeque a yuppie’

Am I debunking a myth here.

I thought that the 130 properties Steve and his partner bought in 3.5 years means that they do not necessarily have 130 properties now. They bought and sold a number of them in the 3.5 years and may only have 40 or 50 in hand at one time.

Am I correct?

That would be how you finance the next deal, itsamorey. You sell…[Read more]

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David,

I can only tell you about NSW – but there is probably an equivalent for the other states (perhaps the sites I give you will have a link to them.

In NSW the valuation of land is done by the NSW Valuer-General and handled by the Land and Property Information dept. – Their web site is http://www.lpi.nsw.gov.au – for valuation…

[Read more]

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Me too please Rugbyfan (if it’s still on offer!).

Email – adam.baden-clay@defence.gov.au

Thanks very much – I bet you’re regretting volunteering that bit of info! Much appreciated though.

Yeah kinda didn’t realise the effect of my post. Maybe its my pheremones – I don’t know!!!

Anyway, check your inbox and it will be there.

quote:
RUGBYFAN
would also love a copy of the spreedsheetif you are still emailing gary.thea@bigpond.com.au

many thanks in advance
gazza

Done

I did change the symbol over too.

Done check your inbox.

Don’t forget about land tax on your PPOR in NSW too although the threshold is very high.

quote:
Hey guys,

More Sydnesiders here than I thought – thought this forum was dominated by Victorians!…

I’m in Beecroft, northern Sydney (by far the best city in the world! =PP)

-Nick

Hey Nick

I grew up in Beecroft but now live in St Ives

Beecroft is a great place – my oldies lived there for almost 20 years but have now moved to WA.

quote:
I have spent approx. 5-6 hours searching the internet sites of http://www.domain.com.au and http://www.realestate.com.au for deals that qualify for the 11 second test (from S. Knight’s book).

I haven’t found one that qualifies. Where are these properties that are so cheap to buy and deliver good rent.

Also, you can use the reverse of the 11 second rule…

[Read more]

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My sister in law works in real estate in Bunbry and said over a 3 month period it just went beserk at Collie, there were +ve properties there and people became aware of it and it just boomed. Was front page news in the local Bunbury paper recently, the coastal location has attracted a few people who couldn’t afford Bunbury prices.…

[Read more]

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There was a post a little while ago concerning EZ-RENT, was anybody able to get that to work using windows[?][?]
I tried with two different windows versions without luck… any sugestions[?]

Works fine with XP professional

Done – check your email

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Hi

could someone please explain what PPOR stands for so I can better understand these forums.

thanks
abbee

Principle Place of Residence ie. your own home that you live in.

Also know as PPR (lazy way)

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Hi Everyone

Am I correct in believing that each state has Land Tax aswell as Council Rates – Two different things?

When do you get a bill for Land Tax?

I know the Council Rates bill comes each year based on the undeveloped value of the land.

You will receive a notice from each states ‘Office of State Revenue’ or similar that will…

[Read more]

quote:
Hi Everyone

Am I correct in believing that each state has Land Tax aswell as Council Rates – Two different things?

When do you get a bill for Land Tax?

I know the Council Rates bill comes each year based on the undeveloped value of the land.

You will receive a notice from each states ‘Office of State Revenue’ or similar that will tell…

[Read more]

Quote:

Quote:
I think i might be misunderstanding something here pin, but ppor loan isn’t tax deductible.

I dont think rugby has an investment loan yet??? am i right rugbyfan?

Josh

Yeah two actually