Hi Dave,
I went looking for this topic as it expands on what has been discussed so far re CGT and a PPOR.
https://www.propertyinvesting.com/topic/5031769-retrospective-property-valuation/

The REALLY important bit is Terryw’s answer to my question here:-

So, am I right in saying we would not be lying to nominate one place as PPOR for State…

[Read more]

Hi Mike,
A Sinking Fund is (I believe) a separate fund set aside to cover some expected large maintenance cost into the future. It might be that the block of flats was built 50 years ago, and the Body Corp folk believe that it will cost (say) $500k to smarten up the building – rendering, etc. Thus, they might have previously voted to have each…[Read more]

Hi Ajay,

Hi Benny – that’s what I’m betting on. But it’s surprising there was such limited growth in Gold Coast houses over the last 10 years. Articles such as these seem to contradict this. Am I missing something?

One of the articles mentioned the median growing more than twice as fast as Brisbane – that could be valid – IDK, as I only see the…[Read more]

Hi Mike,
I am personally in favour of houses over apartments. Many factors can sway things though, and high cost in major cities can have people opt for an apartment. For investors, apartments can often bring better returns “on the surface”, but beware of Body Corp fees and high-cost Sinking Funds that can throw the good returns under a bus…[Read more]

Hi Mike,
I am personally in favour of houses over apartments. Many factors can sway things though, and high cost in major cities can have people opt for an apartment. For investors, apartments can often bring better returns “on the surface”, but beware of Body Corp fees and high-cost Sinking Funds that can throw the good returns under a bus…[Read more]

Hi Dave,
I have a few concerns with that one.

“If you really want to avoid CGT and keep your negative gearing ….”

1. I don’t see where these two are related in any way – but, to be fair, perhaps they were answering a question from someone else who had referred to both CGT and -ve gearing. Not a big deal…..

“Buy your house and then…

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Hi Narinder,
If you are wanting Capital growth, I would suggest the way to get that in Pimpama or Coomera is to look for second-hand property there. Anything new is going to be at top price, on a smaller block of land, and Capital Growth is likely to be NIL for at least 5 years, and even more.

I am always wary of someone offering a “rental…[Read more]

Hi Rema, and Lauren,
Rema, you replied to a 2.5 year-old post – no guarantees if Arron is still around. But maybe you and Lauren can touch base, BuyersAgent is a regular contributor on here, and Tom appears to be in business in Perth, so maybe it is worth asking your questions anyway, and see who pops in to answer.

Depending on what you…[Read more]

Good one, Matt !!

Benny

Hi Blackhotel,

I purchased 3 x houses in 2008, 2009 & 2010 on the Gold Coast (Ashmore). Yes great rental return but absolute crapppppppppp growth.

The timing of your purchases was unfortunate – I would have thought this was just a year after the peak of the market in SEQ. Since 2008, Brisbane has pretty much stood still. I suspect the GC…[Read more]

Hi Steven,

The important lesson I was hoping to reinforce — via my own experience — is that it is better to buy something that is already established and second hand, and do some minor cosmetic makeover, rather than buying something that is brand new.

You said it – and I can think of a number of ways this is true. Can you add to my lis…[Read more]

Nice work Steven – congratulations !! And yes, having a bit of extra income helps when early into paying a mortgage. A bit of extra Equity from day one is always good to have.

Well done,
Benny

Hi Steven,
The difference is that the place is newly-developed, in an area of (likely) low-cost new houses. It is likely to an “outer fringes” property and surrounded by similar new houses. Since it is a larger block, it could be that they got the land really cheap (what was its past history??? not an ex dump I hope) and the developers are…[Read more]

Hi Dave,
I can’t help with the Super thing at all – just a passing thought re the opportunity though:-

As I read it, you have already gained $125k from the Sale, and were allowing a further $125k to be set aside to pay CGT. Given that it is likely that the CGT owing could be far less than allowed, would a cash amount nearer $180k (rather…[Read more]

A lot like the Internet itself, there will be some interest right upfront of course. Then, over time, as the concept becomes “less new” and there are more examples of “it really works”, you will see more take up the new ways. It took the Internet at least 10 years to gain acceptance by the masses.

It will be many years yet before it becomes…[Read more]

Hi Dave,
I’m with Corey on this – I think you need assistance with calculating your tax bill. From the little I can see, it seems to me that you think your Capital Gain is the Tax to be paid. That is not the case, and you don’t appear to have allowed Buy and Sell costs either which would have impacted on your Gain.

As such, I think you…[Read more]

Hi Russell,

Does either neighbour have a block large enough that you might buy 200mm of land from it? There might be cost involved e.g. fencing, but if it allows a second build, and one neighbour can help for a decent price, it might be worth it(??)

Benny

Hi Debbie,
In case you weren’t aware, propertyinvesting.com itself works with a finance group to get really good deals. I don’t know what they are right now, as the recent APRA changes may have changed things. Suffice to say that Steve mentions he can source a great rate based on the size of the membership of pi.com.

Go here to check it…[Read more]

Hi Asou,
I just checked, and I found that you and I had chatted previously – soon after you joined us – here:-

https://www.propertyinvesting.com/topic/5006256-doing-a-12-investment-property-on-my-first-home/#post-5006261

In that post is the link I was going to provide you, thinking you were new here. You might have read it back then, but…[Read more]

Hi Asou,
I just checked, and I found that you and I had chatted previously – soon after you joined us – here:-

https://www.propertyinvesting.com/topic/5006256-doing-a-12-investment-property-on-my-first-home/#post-5006261

In that post is the link I was going to provide you, thinking you were new here. You might have read it back then, but…[Read more]