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  • Coogee126 replied to the topic land tax NSW double taxation? in the forum Legal & Accounting 1 month, 2 weeks ago

    I rang up OSR today . and I think i found out the answer. correct me if i m wrong though.

    1. the threashold is appied to ‘account’, which is basically can be understand as ‘ ownership structure”. so say if you own 10 properties with your husband, then all the 10 properties total land value will be add up, and you will only get 1 lot of 549k…[Read more]

  • Coogee126 started the topic land tax NSW double taxation? in the forum Legal & Accounting 1 month, 2 weeks ago

    hi guys,

    got a technical questions to ask regarding land tax in NSW.
    1. was the land tax threathhold applied to individual based on their ownership share of the property? say if you jointly own 1 million land value, then each have 500k value , then land tax is free for both . but if you own it 99 Vs 1% , then you end up paying more land tax…[Read more]

  • Coogee126 started the topic land tax NSW double taxation? in the forum Legal & Accounting 1 month, 2 weeks ago

    hi guys,

    got a technical questions to ask regarding land tax in NSW.
    1. was the land tax threathhold applied to individual based on their ownership share of the property? say if you jointly own 1 million land value, then each have 500k value , then land tax is free for both . but if you own it 99 Vs 1% , then you end up paying more land tax (…[Read more]

  • Coogee126 changed their profile picture 1 month, 4 weeks ago

  • Coogee126 changed their profile picture 1 month, 4 weeks ago

  • Coogee126 started the topic property ownership in the case of a divorce in the forum Legal & Accounting 2 months ago

    hi guys

    merry xmas to all.
    Just a general question, regarding the the tennants in common investment property ownership in the case of a divorce.

    Assume all the properties are acquired after marriage, the title for the properties are tennants in common abd deliberately have one party a very high % ownership due to tax reasons , the other party…[Read more]

  • Coogee126 replied to the topic prepaid expenses on rental properties in the forum Legal & Accounting 6 months, 3 weeks ago

    yep… okies.. thanks very much.. Terry !
    that’s the same as my understanding…

  • Coogee126 started the topic prepaid expenses on rental properties in the forum Legal & Accounting 6 months, 3 weeks ago

    hi there gurus.

    need your help again.

    Do you know how long i can prepay the property cost per financial year?

    there are quite a few landlords insurance bill due in Sept.. which will be costing me few thousand dollars.. I hit myself in the forehead not foreeseen this and thinking , i should have pay it before 1 july then i can get half of those…[Read more]

  • Coogee126 changed their profile picture 8 months ago

  • Coogee126 replied to the topic Property investment or PPOR in the forum Help Needed! 1 year, 1 month ago

    It depends…. if you have substantial cash/equity… i would buy a PPOR, pay it off or down as much as I can, then refinance it out the other way and use the euqity to invest as many IP as I could. this way you reduce non deductable personal debt into tax efficient deductable debt.. which will improve your overall position.

    if you still need to…[Read more]

  • Coogee126 replied to the topic asbestos identified unit I m under contract now, shall i still buy , pls help ! in the forum Help Needed! 1 year, 2 months ago

    thanks very much guys ! I appreciate all your replies.
    yes, i go ahead with the contract. this is the no. 3 property I bought this year, now it’s time to celebrate with Moet rose 2006 ! :-) :-)
    have a lovely xmas and great successful 2016 !

  • Coogee126 started the topic asbestos identified unit I m under contract now, shall i still buy , pls help ! in the forum Help Needed! 1 year, 2 months ago

    hi guys,

    i recently found a bargain property ( say around 20k to 30k below fair market value), i was all excited about this until i saw the strata building report. it’s a 40 yr old unit in a capital city suburb with good yield and strong cap growth pespective.

    anyways, in the building report attached an asbestos report which says it found…[Read more]

  • Coogee126 replied to the topic http://www.investordeveloper.com.au has anyone used this service before ? in the forum Creative Investing 1 year, 2 months ago

    yes. i agree with you. I come up with this this website, and listen to their videos . I agree with a lot of things they say. but on the other hand, there is no such thing as “let-others-do-the-work, you-sit-back-and-count-the-money”. such things simply does not exist. unless that person is your dad.

  • Coogee126 started the topic http://www.investordeveloper.com.au has anyone used this service before ? in the forum Creative Investing 1 year, 3 months ago

    hi I come across the webiste http://www.investordeveloper.com.au

    i quite like it and the concept it represent… which is creating and holding new real estate for longer term @ wholesell price…
    but the locations seems bit strange..

    would like to hear from anyone knows about the service or anyone has done a deal with them before?

    thanks a lot

  • Coogee126 replied to the topic redraw or offset for your PPOR loan ? in the forum Legal & Accounting 1 year, 3 months ago

    thanks Terry.. i think the same as you…that should be how the logic goes. luckily my PPOR loan is not a big amount.

    this is a better than offset in my view, as offset will lose the interest deductbility.

    my banker said it’s the purpose of the funds that determines the LVR, so if you buy investment properties, the current LVR is only 65% as…[Read more]

  • Coogee126 started the topic redraw or offset for your PPOR loan ? in the forum Legal & Accounting 1 year, 3 months ago

    Hi therer, gurus

    I got bit of cash and want to pay down my small remainder PPOR loan competely. I was thinking to pay it down then refinance whatever amount out in the forms of LOC for future purchase.
    However My banker told me that due to the bank policy change, they can only do 60% to 65% LVR .. as I already withdrawl some of the euqity out…[Read more]

  • Coogee126 replied to the topic LMR requirment for Brisabne in the forum Value Adding 1 year, 7 months ago

    hi there jose
    thanks for your reply.
    Im asking for the miniumum lot sq meter and frontage requirment for a multi dwellings ( under 10 units) in a LMR zoned area. I m doing my research at this stage, I beleive somwherer in the council website provide this information. but there are a lot of stuff and to find it is like digging a diamond via a huge…[Read more]

  • Coogee126 started the topic LMR requirment for Brisabne in the forum Value Adding 1 year, 7 months ago

    hi QLD developers,

    I found this from a website”
    “The site area in LMR is to be a minimum of 600m² with a minimum frontage of 17m. In MR and HR the site area is to be a minimum of 800m² with a minimum frontage of 20m. These minimum areas may be negotiable as we have been able to achieve a solution on lots down to 400m².

    can anyone told me if…[Read more]

  • Coogee126 replied to the topic Invest in Brisbane properties …need help with local QLDerrrrr in the forum Help Needed! 1 year, 10 months ago

    hi guys.
    thanks for the tips..

    @melbourninvester, for me, what i do is to pull up a Brisbane train map , and circle the inner city subs that was on the train map ( basically the circle within the diameter shorter than half of my little figners size, lol) , the highlight a few major station, up / down/left/right, and go to the details of that…[Read more]

  • Coogee126 replied to the topic Invest in Brisbane properties …need help with local QLDerrrrr in the forum Help Needed! 1 year, 10 months ago

    yes… i think so.. nundah seems a good inner subs with lot of young professionals..

    i m going to brizzi next weekend.. to go through the subs i m interested at..

    i was thinking buy a few in nundun and pair up with woodridge ones to neutralise the cashflow . geez wont that be a marriage in heaven?

    thanks for all your input buddies… ..…[Read more]

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