Wouldn't have any problems at all provided you have had the necessary payslips from your new job. 
Or one payslip and a letter from employer with your salary. Or a contract with your yearly salary. 

3) even new property that is leased is still not except from gst Unless 5 years of continually leasing has occurred from the point in time when the dwelling was deemed habitable. ie when it was fully constructed.  Also just not registering for gst doesn't mean he negates his liability for gst.

You whole argument to if gst is payable was if you…[Read more]

Banks limits or exposures to one individual or company are usually around the 1.5 million dollar mark. This doesn't mean you cannot borrow more then that with the same bank but they will begin to make things difficult for you and in some cases will outright refuse even if you have a perfect record of repayment history you have surplus cash flow…[Read more]

BlueToffee wrote:

90% is alot, really makes me wonder why the people i know who own properties havent done this? (parents etc)

Because there is security in keeping your Loan to value ration LVR lower , so you dont have to risk what  you have earnt saved made or created if the market place went south.

You might begin at LVRS of 90 -95% To…[Read more]

easy solution, go get a job, doesn't have to be the best job in the word you don't even have to like it, it doesn't even have to pay that well, you don't have to work there forever, just quit after you have your loan approved.

Or tell them you are going to rent the entire property out. Or go to a different smaller lender that will lend based on…[Read more]

id on that you could have single garages on both sides of you house as well.

If you wanted to be financially smart about it.
You could have a building designed that was say… 4 to 5 bedroom with 2 bathroom.
you might select to buy a medium sized block that within council regulations and the development plan could of allowed a semidetached or joint walled property to be built if you.
You have the large 5 bed 2 bath home…[Read more]

just looking at the amount of money that you have. you dont have near enough money to even think about doing a large land subdivision like that.
You would be up for $100,000's of services costs.

Unless you could presell the banks required amount of land blocks before you started the development. That might be all of them. They might want you to…[Read more]

What is your current income?
do you have any family members over 18 earning low wages ?
if you accept that the worse case is the company tax rate is only 30 %. ( is it reducing to 29% for small/medium business this year?) 

Yes that is one way to do it.
The smarter way would be to get your plans and building approvals through council first.
Then once you have done that source a few quotes for the building of your 2 units out the back.
Lets say we will use your example of 500k for the units although unless they were double story i would say 250k a unit is a bit over…[Read more]

There's no time limit on what qualifies as the time period needed to be deemed PPOR. 

I had a friend. Who bought a house so he could live in and renovate whilst living in. His intention was to stay there. About 2 months into living it he had enough of the neighours who regular played loud music and had parties on week nights and he just said iM…[Read more]

Not sure 100 percent on Perth but your original house do you have to live in it for 6 months to still get the stamp duty concession. If so you have done that. There is no real time limit on how long you have to live in a home before a property is your ppor. But it should be something believable. Ie if you lived there for 1 month and then sold it…[Read more]

I don't see why you would max out your borrowing capacity. If you ideally want to keep some of the units you develop.  Then make sure what you are developing puts you in a better cashflow position after you have built it.
Ie your current income could service a construction loan to build say 3 2br units. 450k build cost. 
If you were to build and…[Read more]

In my opinion. I would now sell your existing house receive your PPOR exemption 
go build on the back block. Whilst using you trade skills to perhaps do some of the 2nd fix to keep the costs down if you have the spare time. Living in that property would then give you a PPOR exemption for that  property.  Then you could either live in a brand new…[Read more]

I don't think he quoted the end sale price of the new build.
He did say the original house is now hoping for 400k reval. 
I do agree that he prob spent at least half of that 50k on the subdivision. 

So you paid 380k plus stamp duty 
spent say 20-25 on sub and 2same on Reno 

you original house now 400k or expected.
land worth 200k and to build is…[Read more]

How about remortgaged ? Ie property owned for 10 years in smsf and then they start a new non recourse loan with another bank? 

If your smsf takes out a loan to purchase property. That property then increases in value. You wont be able to redraw any funds or access any of that equity unless you either sell or refinance with another bank setting up another loan (costly, 2-4k at least)
and yes as you bought the property in your super any equity that property gains belongs to…[Read more]

If your good at managing your money. You could achieve the same result by setting up a IO loan with a offset account as paying P&I.

ie If you paid 2000 PI on a property every month. and 1500 was the interest component and 500 was repaying the principal
you could Pay just interest only 1500 and put the other 500 by direct debit into the offset…[Read more]

If I said excel spreadsheet I meant each banks individual program (although dated) they use which in its current format loads up in excel. 

Coming back to this post from 8 years ago. Nathan I can already see the title for this young investors book. 

I think it should mention 100 properties and 30 years old.