In my opinion Joondalup is a definite winner.
If some of you are searching towards Quinns Rock, a new suburb known as Alkimos should be opening.
At this stage, I have only heard rumours of how it will be developed. If any of them come true, then it may be another area to keep an eye out for.
In regards to the lease, it will depend if the conditions are written into the purchase contract. This can not be changed. Otherwise, it will be an agreement between the buyers and the vendors.
Hi Phil and Redwing,
I think I have someone for you. Peta Hall of PFT property services 0417 949 146. She runs her own PM.
She is the type of person that you would be fearful of as a tenant, and happy as an owner. She has been doing it for 25 years, and I only recommend her as she gets the job done.
Hope this helps.
The only thing that would be different is land tax, which doesnt apply to personal residences.
However, it wont be too long before it catches up with the property owner.
“i hear what you say” about prompting accountants, over the years i’ve said to several accountants ” look so and so who i work with claims this and this or is doing such and such, can i also claim or do that”? to be told “yes”, it’s not their fault though as i suppose they are inundated with changes to tax etc all the time,…
Bert from FS professional partners is an excellent accountant. I believe he built his practice from his property investing funds.
He is located in North Perth, and his number is 9443 3233.
The CGT legislation can be quite complicated. Essentially your ppor will remain exempt. The taxes that apply to the new property will depend on your choice to sell or retain.Should you sell, the cgt will be applicable. The cgt event will commence from the time the slab is layed.
You will not be treated as a developer, as presumably its…[Read more]
These properties are hard to finance due to the nature of the risk. Banks stay away as a result of past failed attempts.
Whilst they do seem attractive, you will also need to consider the resale value. Finance will be a factor, as if you are having trouble financing then so will others. As a result, demand will be limited on these…[Read more]
Assuming that the first property was not leased at any time, and you moved directly into the next property, then CGT would not apply.
If it was leased, then CGT would be applicable to the time that it was an income producing asset.
Also keep in mind that if the property is owned for more than 12 months, you will be eligible for the 50%…[Read more]
Without a doubt, have your property manager follow it up. There must be a reason why he was unapproved, and the longer he is there, the greater the risk to your investment.
I agree with many of the posts to this thread. Please take a close look at the management contract, as you may find that you will need to pay for refurbishing every so many years.
Also, I have seen some contracts which stipulate that if the unit is sold, the new owners will need to take on the services of the existing managers.…[Read more]
If you are looking for tax benefits then I think it would be a safe asumption, that you are referring to depreciation.
There are two types of depreciation. Depreciation on the internal fittings, and depreciation on the building.
When considering internal fittings, you need to look at the quality of the property. The higher the quality,…[Read more]
Enquire about low doc loans. There are also certain lenders that may be able to assist you. I believe some of their names have been mentioned previoulsy on the forum.
Femia Property Group
Property Investment Consultants
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