Have thoroughly enjoyed reading this thread.  Have had a good laugh and discovered that others are on the same waive length as myself.  Can I just add one of my favourite pet hates to the brainstorming list:-Can people please get back to basics and take responsibility for their own actions and circumstances ie the push for paid maternity leav…[Read more]

Thank you everyone for your constructive view and comments.I feel that I am a reasonable person, meaning that if the situation was reversed I would expect the girl to protect her assets and would fully understand if she was concerned about losing them to a relationship that may not last. It concerns me that in this day and age there is a great d…[Read more]

Thank you very much Millie and Yellina for your comments and suggestions.I think the idea of renting out the house and getting another place to live in (rental) is a great idea to find out if the relationship will work.  Unfortunately he has to live in his new house for 6 months as he got the First Home Owners grant.  But this could definately be…[Read more]

Thank you Qlds007 (Richard)

I think option (1) is the best way to go to avoid LMI.

I was thinking i might pay off the $26,000 owing on the IP and put those mortgage repayments as extra payments towards the new house. This would mean $10,000 to avoid LMI plus $26,000 pay out IP loan – leaving approx. $44,000 in hand. Does this make sense?

Yes…[Read more]

Thankyou Angel_babe for your comments.

I thought as much but just want confirmation of my gut feelings.

Thanks again

[specool]

Yes – Capital Gains would still apply.

I am not qualified to give financial advise so the below is just my thoughts!

If you have held the property for over 12 months then you would only pay Capital Gains Tax on 50% of the Profit.

Depending on the way in which you contribute to Superannuation
also makes a difference ie Self Employed person would…[Read more]

I agree with Dougiejg

You are expecting a builder to cover the 6 and half year warranty on the construction of two units which you will sell and walk away with a profit, leaving the builder to cover the warranty for the duration on works which you carried out!

I personally cannot see any builder falling for this option as there would not be…[Read more]

Thank you Grossrealisation

I look forward to email!

Appreciate your time.

Cheers

Hi Vernon

I purchased a coastle IP in 2001 which had paddocks up to the back fence. Approx. 12 months after purchase these paddocks were turned into a new estate with very nice water views.

Since my purchase the value of my property has doubled.

I believe that the capital gain has been helped along by the new estate and as long as I maintain…[Read more]

Thank you all for your opinions and advise. Much appreciated.
The property is in Victoria.
I have checked the contact and ‘Debtdogg’ is correct, the developer has placed in the contract a clause which stipulates that the purchaser cannot request payment from the vendor (ie developer) to contribute to the cost of fencing.
Hopefully, spring will…[Read more]