So where you require the new sewer pipe for a new dwelling that you could be developing down the track there is a large significant tree.
Personally you should not have a problem. If the sewer IP is already there on the street then that is clearly earmarked as the place for a new sewer pipe to be connected, they have already installed the…[Read more]

You also have to look at the borrowing implications of using those said asset protection vehicles. As hybrid trusts are very difficult to lend to. Unit trusts are a bit easier but most likely will be at commercial lending i.e. 80 percent or less. And discretionary will provide up to 95 percent with personal garuntees (almost a requirement with…[Read more]

I think that percentage is 80 percent. That's what it is the building industry. Work more then 80 percent even for the same employee as a subcontractor and you become a employee. The employer would then have to pay your super etc. 

You would return 1/11th of the margin not of the profit. And because you bought the property with gst initially. You won't be able to sell via the margin scheme. As this is only applicable to properties that were bought not subject to gst. So I this case your gst is going to be 1/11 of your total sale price. Ie you sell 5 houses each for 500k…[Read more]

Btw you said subdivide your property?  And then said interested in a property that you can subdivide.
is it your property or a potential purchase. 

Btw you said subdivide your property?  And then said interested in a property that you can subdivide.
is it your property or a potential purchase. 

Is there any other possible point of entry?
Some standards that are seen in a number of councils are minimum 3m, And require 5 m x 5m entranceways and allow a taper down to 3m. 

If you can't get the minimum requirement, perhaps purchasing the neighbors first 7-10m of there boundary could be a option. 
Or be looking at the house directly behind…[Read more]

I think he was saying instead of getting taxed at his nominal tax rate. Getting some paid into a company to therefore pay 30 percent. That's what it reads like anyway. Could be completely wrong with my interpretation 

Q1-  developers interests on loans are just expenses on their tax statement. So if you have more expenses then income you make a loss. If you worked part time this other income would be counted as income. 

Q2 yes, can rent to anyone they own it, lots of children rent homes off their parents some at market rate and some below. 

Q3 if you built…[Read more]

Sorry guys I left my calcs on after the 50,400 for if it turned out to be a 4 unit site or a 5 unit site. Which was what it was last week until the building designer was told POS for each dwelling only had to be 11 sqm.
Can ignore that if you want.

Looks like it is coming along nicely.
Going to keep the 3 bed or the 2 bed home ?

I always prefer Option 2

For one thing. If you build the 2nd house on the back block. and you decide you want to rent it. You can usually get better rent then first home. You can get great depreciation because its a new dwelling which is great for cashflow.

and then you can go sit your test

and written references from 2 registered builders you have worked under. if you have only worked for the same company. a list of projects and jobs you have done.

Hey mate.

As a minimum.
Certificate 4 in building and construction (Can do at HIA or MBA) i think they have a discount due to government giving out education currently. 
and 2 projects if you already have you carpenter qual.
I think its 4 projects otherwise.
A project is a different site.
if you built a duplex even though you did the work for…[Read more]

Thanks Scott no mates you've just given me the brainwave I needed. 

80 percent of rental income *

Even if you found a positively geared property it would have to be around 9-10 percent yield. Banks only consider on average 80 percent with some less and some smaller ones more. 
You currently don't have much if any available equity in your current unit. 
I would focus on building up a deposit for your first property. A 200k house purchase is…[Read more]

Your lending power will be the same if its though personal or through a trust. You cannot do what some books advised you to do in the past. In setting up a trust with your wage as income security and then when you reach borrowing maximum capacity, set up another trust and repeat. The banks are smarter now and credit checks can pull up your debts…[Read more]

If your could list your financial position. Ie equity, cash, incomes, how many kids. It would give a better picture for people to comment on a structure that would be appropriate. It then would depend on the type of property you would be buying. You might not want to place a highly negatively geared property with high growth opportunity in a…[Read more]