This has to do with zoning.When a developer buys a couple of properties next to each other the council will tell the developer he can't built a low set unit or a small town house. The developer can only build a big multi story apartment building.

http://www.ato.gov.au/individuals/content.asp?doc=/content/36557.htm&page=2&H2http://webcache.googleusercontent.com/search?q=cache:LLwZMLKtC8AJ:www.law.monash.edu.au/units/law7276/2009/trimester1/lectures/5152-2009-sem1-lectures-chapter17.ppt+fourth+element+cost+base&cd=8&hl=en&ct=clnk&gl=au&client=firefox-ahttp://www.taxpayer.com.au/media/news/200…[Read more]

It really depends on which state you live in. This exemption of IP varies depending on what state you are in.Google search {State} Revenue Office{state} insert the actual state you are in.Then look up the web site or contact them to confirm if yes or no.

I would wait till the next looming Vic state election occurred before believing that the election propaganda may actually occur." East Link freeway will be toll free" that was promised by the current State Government  , I haven't seen that election promise / propaganda from the previous election occur !

I have been involved with this rule and heard of it.But it was done via insurance companies issuing insurance bonds.. see link below for more detailed explanationhttp://www.financialguide.com.au/guides-and-tips/insurance-bonds/

You can find the averaged annual growth over 10 years in the back section of API magazine June 2010 page 124you could look it up at your local library or buy the magazinewww.apimagazine.com.authis may be of use also to youhttp://www.investsmart.com.au/property-research/NSW/2262/Blue-Haven.asp

Here is a real renovation nightmare I saw today on the nethttp://www.realestate.com.au/property-house-tas-rokeby-106679886

http://www.activepropertynetwork.com.au/sydney.htmlThis may be a starting point

Depends on are you working out on interest only or P & I repaymentsFormula I would useIncome = Rent income (PA) – loan interest (PA) – $3000 to factor in for guess on (insurance , council rates, water rates)You look at similar properties in area to get an idea what sort of rent or base it on 4.5 % Yield on average.if LVR >80% then mortgage…[Read more]

Is the LOC in one name as if it is you may be required to have a solicitor explain the downside risks of this.I have an LOC in my wife's name but I am co guarantor so I have risk involved and had to have a solicitor explain this and stamp the loan document that the solicitor had explained it to me.

See if you can get telecommunications conduits installed with pull wire or string so that when you get the service added later it will be very easy to install the fibre cable / foxtel / telephone through the conduits.

juddy79 wrote:
Hi all I am new to this forum I have been watching this site for a while and have found there is a wealth of information from experienced property investors and the not so experienced like myself. I thought I might as well jump in to seek some advice so here goes! My partner currently has a PPOR in a place called Tannum Sands…[Read more]

paying off the LOC quickly is not really a necessary requirement . It would be so as to eliminate the risk to P1 from a P2 loan.If you had trouble paying off LOC in the future it may affect PPOR and if you foreclose on the LOC you could Lose P1 to the bank. It is more for reducing co lateral risk rather than for any saving reason.

I once planted grass seed in the front lawn that was dead. Replanted new plants in gardens , mulch in gardens, removed ugly volcanic rocks.The front of the house is the most important part of landscaping.An 8 person Spa and 8 burner BBQ and out door area could be over capitalizing if no one who lives in this area expects these extras. If you would…[Read more]

qin wrote:
Hi,I am new to this forum. With what I have been reading from this forum, I feel people here are very helpful, so I am wondering, I might be able to get some help here too. Below is my situation:(1) I bought a PPOR around 6 years ago (p1)The price I bought was at $380K, now it worth $500KI still have around $240K loan with the bank, I…[Read more]

Can you please provide more information on where the 12 months time frame is from ?Is there a first home owners grant involvement? (if yes you need to live in the house for 6 months within the first 12 months)If you have first home owners grant involved and you are going to demolish and re – build you want to check with the local state revenue…[Read more]

Can you service the loan is another factor that the lender is going to look into .I would recommend consulting also with a lender or mortgage broker to see what your service ability would be.There are a number of brokers on this forum that might be able to help you with this consideration.But you have not mentioned how much you earn a year so they…[Read more]

That sounds like a bit too much of a squeeze I would guess at 1200m squared. Need to really get a designer or architect as you have to allow for driveways (Width), turning circles, distance from street, over looking neighbours, outdoor backyard space.Each  council is different. You might be able to get more on with 2 bedrooms but designer /…[Read more]

You have not mentioned if you lived in it as your main dwelling till September 2004If you lived somewhere else was the other property your main dwelling.Yes you can deem one property as your main residence for up to six years if you lived in it as your main residence and have not claimed another property to be your main residence in the six…[Read more]

You need to clarify what you mean by purchasing costs.Borrowing costs are claimed over five years. So total borrowing cost / 5 is claimed each year for five years.http://www.ato.gov.au/individuals/content.asp?doc=/content/31258.htmYou can claim if the property is available to rent. So get a property manager to start marketing it as being available…[Read more]