Hi all,When I first opened this topic, I was shocked by a lot of negavie comments.  I'm glad I can see many positive ones I can share with now.I was not keen to go to Melbourne being away from home for three full days leaving our teenage sons and a dog.  Luckly we found the house was not trashed when we came home, just leaving three days of was…[Read more]

Hi,I'm glad to hear Steve said it would not pop like US.  Sydney market seems to be so heated and we are having problems to buy any IP in Sydney.  We went to an auction in Leichhardt last weekend.  Price guide was between $550k to $600k.  The result was $720K!!!.  The identical house next door was sold at $630 a year ago.  Only difference is the o…[Read more]

Hi Paul, Sonya,Thank you for your reply.  It seems IP among HC houses would give us a good cashflow.  Thank you again for your feedback. The area we saw was quite good; reasonably close to the beach, shops and schools.  We are still concerned sale price in the future as we are not planning to keep it forever. I'd appreciate if somebody has any…[Read more]

Hi Qlds007,Thank you for your advice.  It seems if we buy, reno and sale using a company we may have to pay GST.    This means we may not be able to make any profit.I'm glad to know before jumping in this invetment plan.Thanks.

Hi Qlds007,Thank you for your reply.  I may not have been clear.   My main question is GST, not CGT capital gain tax.  So far, we bought investment properties (not many) to hold.  We have never tried buy, reno and sell.  My question is when you sell the property after reno, if you have to include GST in the sale price.  As we purchse a propery…[Read more]