Forum Replies Created
Hi Ladybird,
I have a 2 bed flat which is rented out, it is significantly less in value than yours will be though! We bought a good matching set of sun-block curtains for a bargain off ebay to install in the bedrooms, loungeroom and dining room. We chose them due to the flat having large windows and heating up a lot during the day, and also for privacy. They were in such good condition it would be difficult to tell they were 2nd hand. Im sure you could pick up some 2nd hand venetians too.
If i personally were living in the flat I would have bought new items, but with a rental there is always the risk of them getting damaged. But this risk is alot less for you due to your property being of a higher value. Its always a bit of a gamble with a rental property.
Thanks to everyone for your input.
I think I have decided to chase the walls at this stage. Although I don't see any problem with laying a cable down a wall to where I want a switch / power point and leaving it at that (not connecting anything) I can see that a sparkie may like to do it their own particular way.
lostnomad, I do understand where you are coming from, and that is the pure reason why I would not physically connect any of the wiring together or to the mains. But I do believe if someone lay's their own cabling, and a sparkie makes all the connections, that the sparkie is solely responsible if anything is wrong. Its the same with an existing house, if a sparkie comes in to put in a new switch, he / she would not connect to a wire that isn't suitable (hopefully!).
Its harder to type what makes sense in my head! But thanks to everyone for their input.
Hi kalgoo,
Thanks for your reply! I will definitely speak to our sparkie first, we do have a good relationship with him.
Would it be suitable to use only 2.5 mm2 cable for all lights, switches and power points? Also, what size cabling would be suitable for a 15 amp outlet? I will double check this with our sparkie first, just wondering on your opinion.
Your help is much appreciated.
I see,
So basically, to 'flip' a house in Victoria, with renovating requiring work on the structure of the house (extensions, roofing, bricklaying, re-stumping), it is not possible to carry these out if not licensed. I could only do things such as plastering, painting, maybe some non-load bearing wall moving, and tiling. UNLESS the total of all my work adds up to less than $12,000. Which would be highly unlikely with structural work.
Thanks for all your suggestions, keep them coming, I learn from them all!
Bexs
Hi,
There is another post in one of the other forums about CGT and PPOR. In Victoria, there is no minimum amount of time specified to consider a dwelling as your PPOR. It is based on a number of things (which can be found on the ATO website) such as where mail is sent, if your belongings are there, if you connect gas, water elec, phone.
And on top of that, you can actually move out of your PPOR and rent it out, and still not have to pay any CGT if it is sold within 6 years, as long as it was once your PPOR.
I have posted a question on the other forum, as it seems too easy to avoid CGT in Vic by doing this, and surely everyone would be doing it if it was that simple?
Hope that hasn't confused things too much for you!
Bexs
Hi Terry and Skuz,
I was looking at just this not long ago. If it was so simple: you buy a place, send your mail there, put on the gas, electricity, water and phone, move a couple of things in (say a bed and chest), renovate the place, then sell it within a couple of years. Claim it was your principal residence for a few months and not have to pay CGT, would not everyone be doing this, maximising their profit, and not paying tax on their gain?
It seems like too big a grey area to be that easy.
Also, what if you buy an IP, rent it out for a few years, can you then move into it for a few months, rent it out again after that and then claim it was your PPOR for a short period to avoid CGT??
Bexs
Hi Scott,
Thanks for your reply.
I was always under the impression that building a roof or even resurfacing a roof was something required to be carried out by a licensed tradie. So thats news to me! And good news too!
Do you know what is involved in obtaining an OB licence? It sounds like something I should definately do.
Thanks again,
Bexs
