Hi,

On the CGT issue: I do renos and spec build mainly and incur no CGT. I have an ABN and I am GST registered. I have no other “job”. Basically, any profits made from the renos are treated as income – and not as capital gain. My accountant basically told me that it is all to do with your initial intention. If you buy the property as an…[Read more]

41! Its not like your 80!

And you have hundreds of thousands of dollars to play with!

You’re a lucky, lucky man!

I was fired from a very well paid job in the US when I was in my late 30’s. Career down the pan, I suddenly realised that we had been living a very consumerist lifestlye – and we had very little apart from our home equity (about…[Read more]

Firstly, thx for the replies.

I am aware of no doc/low doc loans for house purchases. The problem is that I don’t need to purchase a house right now but build three new units from scratch. I couldn’t find a ND/LD lender who was interested in that – mainly because no asset was available to act as security.

However, the good news is that when I…[Read more]

I know you’ve started painting but here are my tips:

1) A very neutral light beige for the walls, white for the ceilings, and antique white for the trim. I do this in all my houses.

2) Don’t mess around changing colour schemes in all your “standard” places. It just takes up to much time.

3) Do all walls in old houses flat as a tack matt.…[Read more]

$10k for a kitchen! Unless the house is worth $400k+ then you are way over the top. I reno mainly $200k to $300k houses in TAS adn the most I have ever spent (even when I was doing this in the UK ) was $5k. I do however fit the kitchen myself (it isn’t hard to put the carcasses together – the only problematic bit is the pre formed tops when…[Read more]

I know a good divorce lawyer.[biggrin]

.

Okay, I’ll speak to the surveyor/council. It’ll make everything a lot easier if I can sell the houses off now.

Best regards and thanks,

Andy