You may be interested in developments, as this way you can accelerate building your equity. In my case, I am looking for a suitable site in Brisbane (< 10 km) to develop townhouses. Land should be $150k – $180k per townhouse. Building cost $250k /townhouse. The townhouse would typically consist of 3 bedrooms, 2 1/2 bathrooms and single garage.…[Read more]
I have used successfuly the GreyPages to trace one of the defaulting tenants. I have found the tenant only days after she has moved out. The other defauiling tenant can not be found anywhere. He probably lives with his family.
This has been a lesson for me. Now, I have included on the rent application form a statement that the applicant…[Read more]
Terry, Richard thank you for the links.
Finally, II think I am close to solving the issue with the stamp duty for the trust units.
I have a response from the Queensland State Revenue office (below):
If the trust does not own dutiable property (as defined in section 10 of
the Duties Act 2001) the transactions described in your email do…[Read more]
I have further investigated the issue for trusts operating in Queensland. The Stamp Duty is regulated by the Queensland Government “DUTIES ACT 2001, Act.No. 71 of 2001”
Document WEB link:…[Read more]
Thank you all for your suggestions. The GREYPAGES data base is great but the tenant is not there.
I have checked with the Residential Tenancies Authority (QLD) whether they have his forwarding address. They can provide the address if requested by the Small Claims Tribunal. Unfortunately, no luck here. I have been tald by SMC to go to the…[Read more]