Forum Replies Created
Hi Corvus,
The last thing you would want to be doing bogging the joint gaps and sanding it back along with the (possibly asbestos) sheeting. Could you remove all cover strips and choose one size that is wide enough to cover the largest size removed…that way they would all be uniform and probably look better.
Regards,
TrevHi Wezwaz,
Centenary Heights is a cheaper suburb so unless the townhouse is new it doesnt sound like it would represent
good value. Im sure the rent would only be around low to mid $300's. So I think your inkling is right in that its
overpriced.Wilsonton is also another cheaper suburb of Toowoomba and thats where you can find some real bargains…but
$ 372K is quite high for that area…but depends on the property itself. In darling heights you can pick a nice 4x2x2
house anything from low to mid $300's and its an appealing suburb.Any reason why you like Toowoomba ??? if there is any local info you need let me know and i'll help anyway I can.
Regards,
TrevG'day Rod,
Ive also been looking into this as well for a while now. Seems like a great scheme but all realestate ive seen offered
seems over inflated in price. Its as though developers are taking advantage of this situation and are able to ask higher pricing as yields are better which in turn counteracts the NRAS payment. Ideally if you could find a NRAS approved duplex at a reasonable price then I think it could be worthwhile but as yet still to find anything of real interest. Im on a few mailing lists..if you want me to forward them to you then let me know….likewise keep in touch if you find anything reasonable as im still quite open to the idea.Regards,
TrevG'day Alex,
Drop me a line at [email protected] and i'll send you back some info on how to research
the area a bit better.Regards,
TrevHey Alex,
When you say this will be your first investment property does that mean you already own a home ???
Just wondering if you will be taking first home owners grant into consideration or not. The banks wont take
tenants into consideration for loan serviceability. I guess one draw back with your situation would be that
all the renovation work wont be tax deductible as it will be your primary place of residence.Rents seem pretty good out that way….What would your employer charge you for company provided house ???
Is the place your looking at rentable now and could the improvements needed be done with tenants in place ???Regards,
TrevHey I don't think capital growth is out of the question just because it is regional….we bought our first house way out west for $54,000 in small community of just 3,000 people….no mining either only farming and gov. departments….its worth about $220k now…wish we kept it…lesson learned. So I wouldnt write it off just because of where the town is…there are so many more things to consider…such as vacancy rates,average income,the properties location and condition.
We are looking at doing similar here in toowoomba….have been told that council and related fees can be in the vicinity of 80k but havnt
looked too far into it yet…send me a private message if you wish to share ideas and experiencesThanks Qlds007….I just downloaded form OSR – D2.1 (Application for Home Concession) and yeah it says you must not
dispose of the acquired property within one year. (It mentions Leasing would be classed as disposing of ) So basically you
must occupy within a year for a period of no less than a year. This is different from what I read on the ATO or OSR website
a few years back which said 6 months but no minimum can be enforced…so I guessed rulings changed to tighten loopholes.I was wondering about this because we have just bought and moved into a home after relocating accross the state and have since purchased a more suitable home again hoping to move in as our primary residence….we can still claim both concessions but it will be a more inconvenient timing issue…although the saving of $ 6,000 compensates adequately.
Regards,
Trev
