Choose the properties that would have had the most capital gain. Ie if property 1 only went up by 100k but property 2 went up by 200k it makes sense to have your exemption on property 2.

CGT exemption should still be valid for 6 out of the 10 years.

http://www.ato.gov.au/Media-centre/Articles/Moving-on–Remember-the-six-year-rule-for-CGT/

A valuer does a valuation based on sales history from that time Ie. You purchased 200k. lived in for 18 months say it went up to 210k. you then rented it for 10 years. 6 years of that will be…[Read more]

For solicitor/conveyor fees I would just assume 1000 dollars. And for advertising I wouldn't advertise more then 1000 dollars. Signboard, Internet, maybe some
local paper adds. 

As as a rough guide to calculating gst. It roughly works out to be 10 % of your profit. Roughly speaking ie a 100k profit on building a house could lead to a 10k gst…[Read more]

There was a recent article In API that dealt with people on the pension such as yourself. Whereby a outside investor purchased a option to buy their property (PPOR) ie in 15-20 years time.

Part of the option involved the vendor receiving $250 per week (because they were on the pension and struggling for cashflow and didnt want to sell and move…[Read more]

Selling costs shouldn't be as high as 40k, Try working out based upon 2-2.5% per dwelling
Holding costs should be longer unless you already own the property or have long settlement
gst would be applied when you sell the property. Gst credits can be claimed to increase cash flow throughout the build.

Does your build cost include a turn key finish,…[Read more]

Your "invoice, statement of all paid fees/charges" will be your settlement statement which you get off your conveyancer/solicitor

As the opposite example if you were to sell your property for 450k.
Your capital gain would be 40k.
You would have owned the property as a investment for longer then a year. Entitled to 50% CGT exemption.

So your 40k would then be taxed at 20k.
and that 20k is taxed at your marginal tax rate.
Ie if you earn 100k then your income for that year is…[Read more]

As per what terry has already stated.
 – get a professional valuation done when you move out. (the higher the better…) cost around $350-500.
– Your 6 year exemption on that property still remains even if you sell one year later. 
– Ie property between years 1 – 6 increased in value 200k, You get a nice high valuation in at 410k-420k. and then…[Read more]

1) The first unit proberly sold to themselves for them to keep

2) Put your offer in at the asking price or less. Why would you pay more just because the agent told you how much the other house sold for.

3) Take anything the agent says with a grain of salt. If they said the other house sold for $520k, go into the office and ask to see the…[Read more]

I personally think that you would be wasting your time.
Often valuers will give a indication of value in a range. So your land could of been valued at ($15000 higher then your purchase price – to your purchase price)

But considering you only the purchased the land a few months ago. No bank/ lmi provider would have taken the upper limit of the…[Read more]

I mean just if you had the option from the beginning.
why pay principal and interest and have to worry about your usage/risk of withdrawn money from the loan. 
Just pay interest only with a offset account and pay principle payments into there. 

thats why you set up a offset account isnt it ? so you dont effect the loan balance

that is definately a wise decision in this case now that you mentioned the number of apartments that have been up for sale.
I find with buying apartments that i prefer to buy in a group of maximum 4 is possible.
This gives you many opportunites in that yours can be the best out of the 4
and also gives you the opportunity in the future to buy…[Read more]

Your name should give it away. Time to invest. 

Investing in property is about the long term
if your 30 stop thinking 5 years, 10 years time. Think if I want to stop working at 55. That's 20 years where should I start accumulating your assets.
Income earnt in superfunds is currently not taxed when retired. Now I don't have a crystal ball but I…[Read more]

Whats with all the spam these days.

Lots of posts by invididuals having only 1 post and all have this Houston tx apartment locator.

I know your trying to view the property, that if this problem, this issue that everybody has with the property is solved could mean a increase in short term equity and that has a reasonable return. i say resonable because 670 a week is nothing special when your in a lawsuit and you might have body coporate fees of 10k a year coming out to continue…[Read more]

Yep. Thought that about the banks. 

Valuation was done by cba but they would of valued the property at 285k being the contract price. I've given in the RP Data report for the property which shows it was for sale for 295-310k for 8 months. Without selling. 

They are requesting how I negotiated the contract.  " it was listed for 295k-310k"
I…[Read more]

Does anyone know or heard of them taking more stamp duty then the contract purchase price?
I posted the details in the help wanted section.

cheers wilko

With a decent payg income you should start salary sacrificing $25,000 a year ($500  a week) into a superfund.
that will give a tax offset of 37 cents (current tax rate over 80k)  – 15 cents ( current superfund tax rate) = 22% saving on 25k, extra $5,500 a year saved (on tax)
build up that money in a normal superfund account until you can start a…[Read more]

Transferring between spouses would come in handy if one Half suddenly got a pay rise whilst the other stopped working. Terry, Are there rules that say that you can only transfer ownership for estate planning reasons over the obvious tax minimisation reasons ?