You would think so but at the end of the day buyer beware.
A quick look at local real estate liftouts will always show a listing with a beautiful beach photograph but then the price seems too low and you find that the property is in fact 500 metres from the beach.

SMTM

Robert

I thought the $50K level was the point at which it was compulsory to register for GST.
All enterprises (as determined by ATO) should have an ABN, even if income is less than $50K.

SMTM

All

50% liquidated damages is standard on REIWA Residential Lease Agreements where the owner terminates the agreement prior to expiration. Clause 15 from memory?
Is it different in other states?

SMTM

Hi Arthur

I would suggest visiting the ATO website. Basically if you are operating an enterprise then you need an ABN.

Regards

SMTM

Hi Bonnie

Recently changed a PM. Gave a months notice in writing and had to pay 50% of the management fees that would have been due had the agreement run it’s full term.
The new agent picked up the bill for this.
This was in WA

Regards

SMTM

Hi Rooinek

Commercial property yields can appear tempting, especially alongside the average residential yield at the moment.
However you need to be aware that investing in commercial property is a different proposition to investing in residential real estate.
For starters your tenant will be a business and if you are a small investor then most…[Read more]

All

Landtax what a rip off! This year our land tax bill reached over $10,000. This is due to the exponential increase in rate as the number and hence aggregate value of all properties held increases.
We cannot afford to hold any longer and so are forced to sell down. Sure the capital values have increased but the cashflow does not support this…[Read more]

waprincess

Just as the others have said, do not sign with this woman. You owe her nothing and she is not your friend.
Get a proper valuation. It will cost you a little but save you a lot.
Then find another agent. He or she should be able to substantiate their suggested listing price with comparable sales evidence.
Remember it is your money.

Regards
SMTM

Julia

Thanks for that.

SMTM

Hi All

My opinion of Perth residential in general is that it is not a place to invest in the next couple of years. I feel there are too many investors and too few tenants and that there will be downward pressure on sale prices in the short to medium term.
Of course there will be localised exceptions and isolated hotspots but overall I am…[Read more]

Hi Mel

Yes I thought I had done my homework but as with many things the devil is in the detail.

Regards

SMTM

Hi Glenn

Thanks for the reply. Well spelled out and concurs with what I have since read minus the legal babble.

Regards

SMTM

Hi

Derek’s link will give you precise figures but for a quick estimate when out on the road I use a figure of 5% of purchase price.

Regards
SMTM

Hi

Yes have read all those books and many more. A discretionary trust and a “family trust” are not the same thing, although a discretionary trust will often be called a family trust. Once a family trust election has been made treatment of losses, franked dividends etc changes. The range of beneficiaries is limited also and any distribution to a…[Read more]

Hi All

We recently set up a discretionary trust through my accountant with a corporate trustee, wife and I as directors.
I was feeling quite the professional until my wife’s accountant asked why we had done it. I explained about asset protection and flexibility to distribute income down the track etc. He was quite blunt and suggested we had…[Read more]

Hi

Recently paid $2200 for a house of approx 160m2 to have all the walls patched, ceilings and walls painted.
Considering how long it took the bloke I think it was good value.

SMTM

Benson

I had a similar situation last year. I wanted an extra $20 pw on top of $240 pw rent for ducted evap system however we ended up agreeing on $10 pw. System cost $3399 so a 14.7% return on money spent and the tenants stayed on.

SMTM

Freedom3

Haven’t been to his workshop but met him on the Hanna Development course a few years back. Seems a genuine no frills kind of bloke so I imagine he would deal in facts and not pizzaz.
He has done his own developments, over 40 I think, so shhould be worthwhile to learn from.

Regards
SMTM

One of the real benefits of OT is that you will develop magnificent thigh muscles from standing up and clapping each and every speaker. The weekend get togethers are the best, a real solid workout [].

Hello Nangunia

I am not sure whether to buy a block of land which I can build two townhouses or start with buying something under $100,000 and renting out for about $150.00.

If your intention was to buy the land, build the townhouses then keep the dwellings and rent out then the answer would be that you are better off buying something already…[Read more]