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Scott No Mates
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June 4, 2012 - 8:05 pm
Domain.com.au does allow non-agents to advertise and some agents also are happy to allow you to pay them to advertise as well.
Scott No Mates
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June 1, 2012 - 7:17 am
Stay in the villa & buy an ip. then the borrowings should be deductible
Scott No Mates
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May 31, 2012 - 7:47 am
As far as i know unless you have a microscope you won't know <moderator: delete language>.
Scott No Mates
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May 31, 2012 - 7:47 am
As far as i know unless you have a microscope you won’t know sh.. from clay.
Scott No Mates
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May 30, 2012 - 11:05 pm
As you don’t live in your family home you may be liable for land tax even if you don’tget income . This may also apply to the house that you intend to build – you are required to register for land tax even if you are below the threshold.
Scott No Mates
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May 30, 2012 - 8:59 am
If you’on $80k + 1/2 share of rent you aren’t paying that much tax. If she is getting rent she probably qualifies for the low income offset, if you contribute $1k to her super the govt will match it. As far as i know most ‘working families’ qualify for part s and Part b cuts out over a different threshold.
Scott No Mates
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May 29, 2012 - 1:30 pm
It will come down to what the S149 (zoning) certificate says. If the council say it is subject to 1:100 flooding then it is possible it didn’t flood but you can always ask council for a flood map.
Scott No Mates
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May 26, 2012 - 7:34 am
Once the sale is complete the title id registered under the purchaser’s name and appears in rpm data and other searchrs.
It is possible to have the purchaser’s details hidden if you have valid reason eg witness protection
Scott No Mates
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May 23, 2012 - 10:11 pm
If you intend buying property within the fund you will need to confirm that the trust deed allows you to borrow and if there are any additional changes /structures required to permit you to do so.
Have you considered some of the industry funds eg cbus which have self managed options? & are low cost ..
Scott No Mates
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May 21, 2012 - 11:31 pm
To add to Michael’s post… Planning, planning, planning.
Time is money ie delays will cost you extra interest on your loans & extra rent. On a dcf basis it will slso impact on the irritable & npv of the project.
If you cannot devote your time (& when needed on site) then it soon becomes apparent that the savings vanish.
Scott No Mates
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May 16, 2012 - 11:27 pm
Tell the tenant to get themselves a car with more road clearance but seriously if the driveway is an issue then it is BC’s problem to fix not yours. Send the matter to the executive committee, get it on the agenda either for the regular exec meetings or for the AGM with a course of action to improve the situation for all owners.
Scott No Mates
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May 16, 2012 - 7:45 am
Ohs obligations.base building compliance. asbestos survey..
Scott No Mates
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May 13, 2012 - 11:41 pm
alfrescodining wrote:
Thanks for the excellent responses guys.
One more thing I forgot to ask: I would need to put a carport within the front setback of the building, as this is the only way I would be able to comply with the Council's parking controls.
Where would you guys put a carport if you had to put one in?
Do they require a parking space or a carport? A carport would probably sit across the site as you would need to turn into it or you could widen the driveway. You might consider a carport with a gable end similar to those by Stratco.
Scott No Mates
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May 8, 2012 - 12:46 pm
Different rules for different states by the sound of it Janine.
Scott No Mates
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May 7, 2012 - 10:57 am
You would need to be writing constant updates for the state of the market. Likewise NSW Office of Fair Trading has quite a large amount of information available on its website.
Scott No Mates
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April 15, 2012 - 12:05 pm
Great discipline – locks the money away for 10 years minimum but you don't pay tax on the earnings. Not sure about what the resale/cash-in value is if you decide to exit early (need to investigate). You can add a % of the initial investment every year to your account so your end balance will be quite healthy. There are many of this type of investment on the market (search insurance bonds).
Scott No Mates
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April 4, 2012 - 11:57 am
The issues to consider would include what size pipe would you be installing? Is it capable/have sufficient capacity to handle the runoff from more than one property? How could your neighbour connect to the pipe without crossing your land or the council’s land and having the right to connect to the pipe? Ie their plans must show how they are to dispose of runoff.
Scott No Mates
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March 30, 2012 - 10:02 pm
No Victoria I haven’t used either system, i’ve used others including JDE, SAP & MRI, which are too powerful or expensive for most users.
Scott No Mates
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March 27, 2012 - 9:22 pm
I hear what you’re saying Paulie about the motivated vendor. By leasing without negotiating the sales price the door is wide open for the vendor to sell to anyone else. A short term benefit will be that you may be buying a going concern and not have to pay gst on the purchase price. Again speak to your accountant.
Scott No Mates
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March 27, 2012 - 11:51 am
Yes but……
Put it this way: you are probably going to have made a larger capital gain on P1 over 9 years than P2 over 2 years. If P1 is taken as your PPOR for the entire period then you pay no cgt on this sale and only 50% of the gain at your marginal rate on the other.
Option 2 the reverse of option 1
Option 3 50% @ MRT on 1/9 of the CG on property 1 (ie the cg on the % of the period that it wasn't your ppor)
It becomes seriously academic – option 1 is probably your most cost effective outcome. Remember that you are also constrained regards property 3 (under construction) as there is a time limit on disposal of other PPOR (this too may become subject to CGT if you faff around for too long) – refer ATO.