Parky replied to the topic Sell Sydney IP now or in the next few years? in the forum General Property 7 years, 1 month ago
Seems like Sydney is still setting records. The neighbours of my parents IP smashed the townhouse’s complex’s record by $150k at auction yesterday selling for $1.45m for the same exact townhouse but better renovated inside. Couldn’t fathom the amount they got for it and now thinking my parents should sell end of this year or maybe end of next…[Read more]
Parky started the topic Sell Sydney IP now or in the next few years? in the forum General Property 7 years, 4 months ago
Hi guys my parents have a 3br townhouse in Botany NSW that they are looking to sell but they are not sure if it’s the right time to sell now or wait another 1-2 years. Do you think the Sydney detached housing market has peaked or will continue to grow?
Im also getting mixed news of the direction of the RBA cash rate next year. Some analysts are…[Read more]
Parky replied to the topic Thinking of getting involved in commercial property in the forum Commercial Property 7 years, 4 months ago
What exact costs do the commercial tenants pay for? i.e. strata, council and water etc?
Parky replied to the topic Retrospective property valuation ? in the forum Legal & Accounting 7 years, 4 months ago
They purchased in early 1999 and moved out at the end of 2013. So it has been an IP for about 3 years now. Do you think generally the indexation method works out to less CGT then the 50% CGT discount?
Also I think the RBA will cut rate 2 more times next year which will keep the property market still quite warm in Sydney at least.
Parky replied to the topic Retrospective property valuation ? in the forum Legal & Accounting 7 years, 4 months ago
Thanks everyone for all your answers and I definitely will pass this info onto my parents. I had a bit of a read and their previous PPOR is also eligible for the ‘indexation method’ of calculating the CGT as it was purchased pre September 1999.
I guess their accountant can workout what will work better for them once they sell. Now onto working…[Read more]
Parky replied to the topic Retrospective property valuation ? in the forum Legal & Accounting 7 years, 4 months ago
Thanks everyone for all your answers and I definitely will pass this info onto my parents. I had a bit or a read and their previous PPOR is also eligible for the indexation method of calculating the CGT as it was purchased pre September 1999.
I guess their accountant can workout what will work better for them once they sell. Now onto working out…[Read more]
Parky started the topic Retrospective property valuation ? in the forum Legal & Accounting 7 years, 4 months ago
Hi guys this is my very first post here:)
My parents moved out of their Sydney PPOR in 2013 and leased it out immediately after. However not being switched on to the accounting side of things they did not get an accredited valuation completed at that time. Now they are looking to maybe sell the IP in the next year.
Is it possible that they can…[Read more]
Parky became a registered member 7 years, 4 months ago