You can avoid CGT completely by completing the building, finishing it off, putting all the bills in your name – it is now your primary place of residence & you can sell the property almost immediately with no tax liability at all. If your accountant can’t work this out, you need a new accountant. Also, I don’t see why GST would be payable in your…[Read more]

You are correct in your assumption – in this situation there is very little profit to be made from subdividing TODAY (but may be possible in the future).

In many areas where subdivision is permissable, you will find that the value of the second block has already been factored into the market price of the older houses on large blocks. Holding it…[Read more]

In 1999 I divorced my wife & walked away with $10K worth of Telstra shares – which in time halved in value to be worth $5K. She kept the house & everything else we owned which was fair enough because she would be the primary care-giver to our one year old daughter.

In 2007 I own four properties with minimal debt and feel like I have come a long…[Read more]

So, let me get this straight…. The “sheep” are all planning on selling WA property – and you agree this is a good move.

The “sheep” are all charging into super – you have also loaded up your super but you were super-clever and did it at the start of the year (Beat the sheep by almost 12 months!!)

Are you trying to say that you are not a…[Read more]

Very little changing in Perth.

REIWA tells us there has been @ 45% median capital growth over the last 12 months – which is staggering… But there are very few negative indicators in the market, although it does appear to be slowly returning to “normal” levels of activity.

The average sale time for homes has increased from 7 days (at it’s peak)…[Read more]

I am sub-dividing in Perth right now.
Estimated costs of subdivision by Celeste are a little high – but my development does not involve any demolition.
I have done my DD and am expecting to pay $15K – $20K for the full process including infrastructure charges etc. etc. etc. It’s not cheap and there is no avoiding some large fees & charges.
My…[Read more]