I i went through the stage of renovating properties. About half the properties I used for quick turn quick cash. In, Reno in 6 weeks, out, sell. And the other half where renovation subdivisions. Where you are not trying to make 50 k from just doing a straight renovation. You would be doing a land division as well. The renovation is just to…[Read more]

What are they like with trust distributions. I know some lenders don't really understand when you give a spouse, family member income through a trust. Are they able to look at the trusts income. Instead of your personal tax. Or is it easier if you pay a little bit extra tax, have all income into your own tax return because they might have…[Read more]

Only 80 % LVR needed. 
Looked at some low doc loans. But why got low doc when I already have full documation.

You wouldn't pay a quantity surveyor twice. The first report is called a scrapping report, where they tally up items like old ovens, benchtops, floor coverings, blinds,  baths, vanities etc and determine if there is any residual value that remains. The total of the value of items removed. This normally only costs around 100 dollars. I'm 95 percent…[Read more]

I think a strong rule should be. 
Always have enough contingency money that you can still finish the project. This can come from savings, investors funds, lines of credit, personal loans, credit cards, most likely in order of use as well. The last thing you would want is for something to happen unexpectedly (ie expensive) and you cannot finish.…[Read more]

* as you said in first post

My view is that you should always have a plan for the worse, I wouldn't be putting my house on the line whilst having your investment property the one unencumbered. I'd rather lose 5 investment properties in a row and still own my PPOR so I still have a roof over my head.  
Id rather take out LOC of 85k to fund the 20 percent deposit and stamp…[Read more]

Hi mbuilding 
zoned medium density residential. 

They would be considered a joint person due to being married. If they were just partners and not legally tied, you possible could have. 

1) short answer, your PPOR is which house you claim you live in. If you keep this property for another 3 years say. Then your still entitled to claim the PPOR excemption when you sell.  Just remember that you therefore won't be entitled for the 3 years for your current home that your living in. You could decide you are never going to sell the…[Read more]

Are you and your brother both first home owners? You mentioned your brother is a subcontractor as well what trade? 
A couple of ideas for you. Could get a 80% Lend LOC on your home. 
Could look to buy a site where you could possible develop 3 units/homes etc 
use the loc to finance a loan for buying the development site 
build all 3 homes using…[Read more]

I reckon this is one of those situations were being patient pays off. I think it's more prudent to be patient then to be enthusiastic about the next deal. 
Wait until your land is at least unconditional under contract. You can know how much you'll be getting back and what you can afford. Don't want to put your 4k down as a deposit and then have…[Read more]

It's just a difference in council policy. Why the council I bought in to want and require this form of development and have made it appealing to developers to get them involved.

Didn't go to a town planner. Initially I read through the development plan for the area. Looked at the requirements for the area I was in. 
I then had a building designer drawn up a rough site plan.. I took this to the local council for feedback. They provided some more advice about car parking and required areas for Private open space. Learning…[Read more]

Whoa look at the size of the boulder in that last picture. That'll make a great water feature 

In south australia in the suburb morphett vale. It's down south about 3 minutes from the new "redone properly" expressway 

What it's saying is basically you can only claim your CGT exception on one property at a time with those small overlaps if your moving house etc 

You missed a bit in your last comment.
you can still claim a property as your PPOR and still rent it out and receive the deprecations and deductions ie negative gearing against your income if your renting it out.

If you put a negative geared property in a trust you don't get any negative gearing effect against your income. The loss will have to be made up by your employee income. The loss remains in the trust until the point where the trust makes money and then when it makes money it would be offset against previous built up losses, 

what are you figures…[Read more]

You would have to buy the property in the discretionary trust and have applicable people that you could distribute to to lower your tax. But if the trust was having a negative gearing effect. You could not take loss of your personal income statement, the losses would roll over until the trust made money. And would be offset until your tax credits…[Read more]