Paul, Will PJ need to be in possession of a credit license ?P.S. The gift wrappers at department stores are good wrappers !

mike.12 wrote:
how about land and home package at cranbroune south east,is it not a good are for IP.Has any one done research on it.Please let me hear youe views.

This area has already boomed .Have a look at the new estates being planned in the North West. Between Caroline springs and Bacchus Marsh around Melton, Wyndham.

Capital gains tax if capital gain achieved for the original owner of their sold share.State Government land transfer duty. (check SRO in your state or google stamp duty calculatorLegal costs for use of solicitor for transfer of ownership. Hard to lower costs unless property was set up in a trust owned by a company structure when purchased…[Read more]

Winston – People (the herd) only know that Property only goes up -It is only people like me who have Micro and Macro economics knowledge and who have experienced 1992 when interest rates were over 17% that know a cycle exists.Federal Government fiscal policy has delayed the downturn part of the cycle from occurring (FHOG). It usually cycles at 7…[Read more]

http://www.dse.vic.gov.au/DSE/nrenptm.nsf/childdocs/-8C51C65813E09A64CA25720400022B83-F15781E6FA06B2B4CA2575160014297A?openNot sure if they have sub divided lots.Land sales report comes out in JulyI also know someone who is making maps of the growth rates based on this report but they have not finished making them yet.(I am on their email list for…[Read more]

1. CGT – is it worth declaring it as IP after 6month to qualify for my FHOG or better to stay for longer to get CGT exemption? I don't plan to sell this place at all until needs arises.If you are living in it CGT exemption as main dwelling PPOR already exists.The 6 month time period relates to FHOG not CGT exemption you just need to be able to…[Read more]

SteveMcKnight wrote:
Hi,My brother had Lasik over 10 years ago when he lived in the states. It was a new procedure back then. He used to require quite thick glasses, but since the op he has been fine. He compains of some unusual night vision from time to time, but he seems fine.I looked into it a few years back, because like most people, glasses…[Read more]

In fairy land -I would like to be able to claim capital loss against other forms of income due to capital gain being added to other income but that  only exist in a FAIR and LOGICAL tax system of fairy land. In fairy land I would also like GST not to be charged on Fuel Tax (Fuel excise) and state stamp duty would be covered by federal GST credits…[Read more]

There is an article in November 2010 Australian Property Investor Magazine on some of the dangers that one investor encountered investing in the USA.

If it has a front yard this is what needs landscaping as it is the first thing buyers see from the street.

http://www.geotesta.com.au/http://www.comsoiltest.com.au/It is an extra cost to you  but if you do not get a test like this done before construction you might find you are building a house on an old land fill site or maybe a sink hole or an old mine site or a chemical waste dump. Some of these items are not mapped or recorded and a place that was…[Read more]

It is not a jet plane it is a glider !Sounds like they are providing financial adviseYet a search of ASIC shows no one named Future Security PTY LTD as holding an Australian financial service licensehttp://www.search.asic.gov.au/fsr/flb.htmlVery interesting !

As you said "recently I had to put it on the market because, I owe, I owe, I owe so the property has to go"You need the proceeds straight away where as an option agreement will not give you money until either the buyer takes up the option (12months to 18 months if development is involved) or if the buyer can flip your property to a another buyer…[Read more]

dnshull wrote:
Hi Nath, From what i read from the Business park info book, Rezoning was due 2009, do you know what held that up? and when it is rezoned are you expecting this to be rezoned residentail or commercial?  Sorry for all the questions, but one more…. How much did you pay if you don't mind me asking? Regards, Dave

Dave it was…[Read more]

Looks like a great block for a self storage type business.Amazing buy Nathan

lets say purchase price is 160 k i got 10% deposit – so loan is 144k repayment over twenty years = $277 a weekinterest is 221 a week roughly weekly rental return of 200 say $3000 a year in expenses so $57 weekly so short fall of $200 – 57 – 221 = $78 loss a week. lets assume you also pay $77 a week to pay off the loan over 20 yearsSo lets assume…[Read more]

No.But have learned a bit about the fact that you need to have each apartment fire isolated and you may need a structural engineer to certify the strength of the separating floor.Recommend you visit local council and tell them what you are thinking of doing and they will tell you what is required to strata title a building that is two storeys.

Whatever it is get the paper work and take it to a solicitor and get them to explain all the consequences that you may encounter.Before you sign anything !

The housing commission area of Flemington and Footscray are one of the arrival locations for new Australians so this could be who you would be mist likely be renting to.

http://www.understandingmoney.gov.au/content/consumer/articles/reversemortgages.aspx