You might have to try and find a money partner to get this project off the ground.

Haven't moved a house but the information below might put you in the picture a bit…[Read more]

Go to bunnings and look at their flat pack kitchens And a new rangehoodTry and avoid to much plumbing as the plumber may need to rip the tiles and plaster board off the wall now if you can avoid this it will decrease the cost of a new kitchen. Once you know the measurements of the kitchen you can work out plumbing requirements for water and maybe…[Read more]

Hoarding stuff can mean a fire risk. I have seen on ACA where a person can hardly move between the hoarded items in the yard or in the house. Council may contact the owner any time into the future to have the eye sore removed that would mean the Landlord not the Tenant.The tenant does not have to clean it up the Landlord has to if directed by the Council.

However they usually lend up to 80% LVR on an LOC so to release equity you need a much lower figure than 80%.Say loan was $300,000 and property value came in as $405,000then 80% of 405,000 is $324,000So Loan + loc = 324,000So LOC would be $24,000 as it pushes LVR up to 80% LOC LVR limit.

Always physically look at a property before buying it !

I have done small scale renovations from a distance. I found Grey Army before they were a franchise. I also have used Hire a Hubby and I also have used the Property Manager renting out my property to organise a home maintenance company on their books to organise and do all the required work like Painting, Tiling, repairs.

FrugalOne wrote:
Ok, I just want to get a bit of a clearer idea of the use of equity and exactly how it is used…I understand that if I have a property valued at say $200000, and I owe $100000, that I have $100000 equity. I can then borrow more funds using some of this equity as a deposit, up to a maximum of 90% i.e. $90000.

90% of $200,000 v…[Read more]

Rich Lee From reading the GST stuff factors like if you paid GST to a developer from a off the plan development come into play . I just fluked being on the same wave length as to what I assumed your circumstances were.

It is an election year for the Honourable John Brumby I would wait till after the State election to see if the Labour Party is still governingas a different new elected government could scrap this 5 year plan

It depends on several factorsDid the property increase in value. You pay cgt on the capital gain. Sale price – Cost BaseCost base = Original Land Value + Cost of BuildingIf you have made a capital gain you will be liable to pay CGT as you Must move into the house as soon as practicalafter it is finishedandYou have to continue using it as a main…[Read more]

Just buy next property in another state of  Australiaif you want to access the money from the company as a dividend you will pay tax at 45c in the dollar. Company pays 28% you pay the 45% – 28% on the original profit.Say profit was $100 then tax is $28 company tax and $17 dividend tax

You have to be careful using median price as a high priced sale can change the median price.If say a 4 million dollar property sold the previous year or month and then you look at the median price the next year or 12 month period and there wasn't a 4 million dollar sale the median price could drop by 19.2% Also is the data from the same provider…[Read more]

No you can pro rata the interest you will need the total yearly interest charged amount it may be on your internet banking after june 30 depends on bank you might have to ask for it if it is not on June bank statement.1/12/2009 to 30/06/2010 work out the number of daysso 31 days has december so 30 days      31 days has january so      31 days     …[Read more]

Make sure you also do staging when you sell as it will increase the selling price.

I have not done this yet myself but this is what I know about development !I am doing a rookie developer course on Sunday 19 June to learn morewww.rookiedeveloper.com.auDesign – getting land surveyed – you need a surveyor               – getting dwelling plans – architect or designer neededneed to show how connections lik water, electricty, g…[Read more]

I think you may encounter a quarantine problem with the company /trust income losses that they can only be offset against future income in the company structure.Check with your accountant on this as I am not 100 percent certain.

The more interested you are in a property the more you will pay. Being prepared to walk away from the deal and find another is important also. A friend of mine waited 12 months to have an offer acccepted.A sun set clause in your offer can also a good thing.

With the new credit reforms the government is doing – ASIC they may need a credit provider license. As your objective with investing is to reduce your tax liability you need to work out what is your marginal tax rate.http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htmIf you earn over $80,000 then you are losing 60% of your money…[Read more]

Agree with number 8 .. As you are twenty you have time on your side. As the value goes up on your unit so to will the rent. It is hard at the start but it gets easier over time. If you can't afford the $320 you don't want to be suffering financially as you won't be able to sustain the payments long term. Maybe you could lower it to $300 a week to…[Read more]