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  • Profile photo of Scott No MatesScott No Mates
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    December 4, 2010 - 3:12 am

    Two ends of the market from my parts – a 10 yr old unit in pristine condition recently bought by an acquaintance was sold by a foreign investor who didn't live in it or rent it out. Another few bods I know cannot find a high end rental even though their budget is around $2k/wk (obviously location is a major factor here).

    Go figure!

    Profile photo of Scott No MatesScott No Mates
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    December 4, 2010 - 3:01 am

    buying part of the house will affect your eligibility to fhbg, if you qualify.

    Your mother would only be able to claim her % of outgoings, rent etc.

    Profile photo of Scott No MatesScott No Mates
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    December 4, 2010 - 2:58 am

    You could still buy it however not within your SMSF.

    Profile photo of Scott No MatesScott No Mates
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    December 3, 2010 - 8:33 am

    the borrowed amount is capital so it is not deductible.

    Profile photo of Scott No MatesScott No Mates
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    December 3, 2010 - 8:29 am

    if the ownership of the property & business are in the same entity eg your name, Then you should be able to claim the gst inputs & offset it against the gst inclusive sale price.

    Profile photo of Scott No MatesScott No Mates
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    December 3, 2010 - 4:34 am

    you can also try Rentmaster – good programme & sophisticated. 60 day free trial

    Profile photo of Scott No MatesScott No Mates
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    December 2, 2010 - 12:20 pm

    Stamp duty is dependent upon the size of the purchase ie sliding scale – you may need to check with your accountant if you can get exemptions for primary producers, registration for gst, correct structures for purchase etc.

    Talk to your lawyer/conveyancer as to the legal costs.

    Profile photo of Scott No MatesScott No Mates
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    December 2, 2010 - 9:35 am

    is the selling agent the same as the leasing agency?

    Can you prove that the agent knew it was being listed for sale & the owner’s circumstances had not changed?

    How long into your lease did this occur?

    Profile photo of Scott No MatesScott No Mates
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    December 2, 2010 - 7:40 am

    do you mean primavera, ms project etc?

    Profile photo of Scott No MatesScott No Mates
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    December 1, 2010 - 1:06 pm

    you could be best served by looking @ Realestate.com.au and use find an agent or check which agents have several listings (hence either active or too busy to care).

    I'd possibly suggest pretti real estate, they have apparently got quite a reputation.

    Profile photo of Scott No MatesScott No Mates
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    December 1, 2010 - 12:55 pm

    It would be a new property as it would have title details different to that of the original block. You would have submitted a plan of subdivision etc to create a new (smaller) parcel of land.

    As for gst – isn't there some obligation/compulsion to be registered if turnover is >$75k? Otherwise you would not be able to claim back any of the gst paid on your inputs (eg subcontractors for drainage works, driveways, planners etc).

    Profile photo of Scott No MatesScott No Mates
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    December 1, 2010 - 10:07 am

    Some items are valid, some a waste of time & trivial and others are a straight no.

    Things like toilet repairs, blinds, taps etc should be attended to asap. Removal of rubbish eg car battery, broken furniture/partition, fine. Dog house – shows that you will accept a pet dog, if you won't accept pets then remove it.

    You may have a very overzealous property manager but they should have raised these issues prior to now ie when they took over or at the last inspection not after they have placed a tenant.

    Profile photo of Scott No MatesScott No Mates
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    December 1, 2010 - 8:11 am

    Nsw/act are deregulated, agents charge as much as they can get away with, it varies dependent upon your market. There is no scale.

    Fully licensed Agents can work commission only or work on a ‘ledger’ ie get paid a retainer but this is deducted from any commissions earned.

    Profile photo of Scott No MatesScott No Mates
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    December 1, 2010 - 8:00 am

    you might try looking @ agents further afield, eg Fairfield/Merrylands, Smithfield, Hoxton Park, Wetherill Park etc.

    Profile photo of Scott No MatesScott No Mates
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    November 30, 2010 - 4:33 am

    NSW has the info online as well, including the lease & inspection/condition report.

    Profile photo of Scott No MatesScott No Mates
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    November 30, 2010 - 3:11 am

    Proximity to place of work, depth of pockets, necessity. ie I will pay more to live closer to work & not commute (no additional out of pocket expense). If I have a well paid job, I can afford to pay more. If I am desperate for accommodation ie need to move, I will pay more for available premises rather than being out on the street.

    Profile photo of Scott No MatesScott No Mates
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    November 30, 2010 - 3:08 am

    AFAIK it is not insurable in Australia.

    Profile photo of Scott No MatesScott No Mates
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    November 29, 2010 - 11:19 pm

    Is that one of the one bedders or your two bedder?

    I've gotta go down there in Jan.

    Profile photo of Scott No MatesScott No Mates
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    November 29, 2010 - 11:16 pm

    The developers' prices already include the effects of gst, most likely based on the margin scheme as it would be unviable to pay GST on the entire cost of the block.

    With regards to the earlier post, the 'new block of land' is subject to gst & cgt. If the purchaser then develops this site, they may consider using the margin scheme when they resell (as new dwelling). The old block, if you choose to live on it is not subject to gst or cgt as your ppor.

    Profile photo of Scott No MatesScott No Mates
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    November 29, 2010 - 11:03 pm

    Other alternatives:

    NSW TAFE Cert IV (Correspondence) OTEN is only $958, self paced.

    REI NSW – REI offers the course over 5 days

    You will need to check if the ACT has a couple of different subjects as the law changes slightly between states and territories.

    Before you can work in the industry you have to be registered – eg TAFE $470 for 3 subjects.

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