Which state? As it does not relate to the interior of your unit, it is a body corporate issue – document it & send it to the executive committee & the strata management company. Also contact vcat or fair trading to make sure you are addressing it the right way.

In NSW they did drop the requirements for HOW insurance so they are effectively ‘self-insured’ by the builder.

The issue probably isn’t limited to your unit, so you may need to do some homework & check the minutes of the body corporate.

You will need to know how old the building is, as you may have already lost the opportunity to lodge your claim. Getting lawyers involved is very expensive & the willingness of fair trading to resolve an issue is questionable at best, the insurers will only pay out if the builder is dead or bankrupt.

Very little chance unless you owned it under a company & you were registered for gst. If you were able to take advantage of it in this way, you’d then be liable for payment of gst upon sale of the property ie 1/11th of sales price or whatever via the margin scheme & cgt at 30%. ie: no advantage.

which city?

To what effect? Residential property is input taxed so there is no benefits to be gained. Check the ato website or your accountant for clarification.

Rob, there have been plenty of threads on this before. You would probably need to get a QS to maximise your depreciables. Also you’d avoid Sydney/melbourne/brisbane/gc as land prices make these unviable.

‘New ‘ properties will generally depreciate more than any capital growth that you might experience over the first few years of your investment.

If you want to quarantine some of your capital gains, you may wish to live in the house for a period before renting out, providing you don’t have another ppor.

Although I haven’t investigated these, the only discounting which occurs is the rent otherwise there would be little in the way of government or other incentives for investors to want to consider them as an investment.

Agreed xdrew, there is a glut of properties on the market @ the moment in the area but if you buy right having done your due diligence you should be right. There are parts of lavington that you would avoid.

Stay tuned….hey DW do you have a site yet? / Where are you looking?

Interesting question.

The answer revolves around ‘ownership’.

Company A has purchased from the developer. I need more info – is it a vendor finance or mortgage? Either way, it is owned by the purchaser, as they have purchased the premises including the fitout, the vendor or mortgagor have only financed the deal & come back into ‘possession’ but generally not ‘ownership’ upon default of the purchaser.

Company B is the Lessee. Without having read B’s lease, there are several possible answers: a) the ownership of the fitout remains with the developer & then transfers to the tenant at expiry – this allows the developer to depreciate the fitout but not have the make good obligation , b) the developer provided a fitout contribution but retain ownership, same as a, c) the lease includes cost recovery for the fitout but there is no transfer of ownership; d) the fitout is a documented loan from the developer so it is owned by the tenant. See my blog below.