PropertyInvesting.com | KindOfNew | Activity https://www.propertyinvesting.com/members/kindofnew/activity/ Activity feed for KindOfNew. Wed, 15 Apr 2026 04:23:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7f68060332ce6cc3f21edd930688d78f KindOfNew replied to the topic Land Tax Reassessment - Have not moved into first home in the forum Scott No Mates wrote:Is https://www.propertyinvesting.com/topic/4404124-land-tax-reassessment-have-not-moved-into-first-home/#post-4651154 Tue, 05 Jul 2011 12:46:05 +0000 Scott No Mates wrote:
Is there any way that you can claim/prove that you were living at the house as your ppor?

I can't proof it. We had the house empty, move a couple of pieces of furniture in (no evidence though) and intended to connect electricity which we did not end up doing. It is a though one. The penality tax and unpaid interst is close…[Read more]

]]> df5535c7f1df0a00edd16a9c2d360a56 KindOfNew replied to the topic Land Tax Reassessment - Have not moved into first home in the forum Thanks for the quick https://www.propertyinvesting.com/topic/4404124-land-tax-reassessment-have-not-moved-into-first-home/#post-4651150 Tue, 05 Jul 2011 04:38:28 +0000 Thanks for the quick response. The property is in Queensland. I know I can dispute the assessment but I am concerned that they will charge me more after the reassessment. Already got a 75% discount which still ends up costing aud4,000 in interest and charges. Any help is appreciated. Regards s

]]> 539e267ecd8baec37b9914f64ddc7d0a KindOfNew replied to the topic Building Units on 800sqm LMR land in Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4397504-building-units-on-800sqm-lmr-land-in-brisbane/#post-4610224 Tue, 21 Sep 2010 12:14:41 +0000 Hi there,My understanding is that you can not. It needs to be LMR (Low Medium Residential). However, you can split the block and build houses. You might even be able to split it into three blocks with 400sqm each.Have a look on http://olr13.brisbane.qld.gov.au/website/MN_CP/bcc_user_agreement.htmHere you can see what the zoning looks like around…[Read more]

]]> 998b78234e2a76dc135cb909556b7fc3 KindOfNew replied to the topic Getting Finance for a 6 Unit Development in the forum Finance https://www.propertyinvesting.com/topic/4401156-getting-finance-for-a-6-unit-development/#post-4631689 Fri, 17 Sep 2010 08:51:44 +0000 Thanks Terry,I agree with you. I am trying to cross all my T's and dot the i's. This will take some time and I will certainly not rush into anything. This is too important. All this blogs help a lot though to develop a comprehensive financial model that considers each and every cost … kind of scary what fees, interes, etc. you have to fork out…[Read more]

]]> 3c9ff83660b45a10ecc28cc058365b86 KindOfNew replied to the topic Getting Finance for a 6 Unit Development in the forum Finance https://www.propertyinvesting.com/topic/4401156-getting-finance-for-a-6-unit-development/#post-4631687 Fri, 17 Sep 2010 07:12:15 +0000 Hi There, Yes, finance cost can be high but it should not be more than $100k during construction, which I intend to capitalize. Now, that's lot of cash for 9months but with an upside of up to $700k I think it is a reasonable risk to take. The way I see it, worst case scenario I can walk away with $200k net … wish is not too bad.Cheers

]]> 0baa084d5f0b2ed43ec42afa40916596 KindOfNew replied to the topic Getting Finance for a 6 Unit Development in the forum Finance https://www.propertyinvesting.com/topic/4401156-getting-finance-for-a-6-unit-development/#post-4631685 Thu, 16 Sep 2010 13:07:01 +0000 Hi wealthyjvd,I have used conservative figures. At current rates and with the current construction cost forecast from my developer the figures would look something more like this:$600k + $1.1m, creating a value of $2.4m, which leaves $700k. However, should unit prices drop  by 10% during construction and  costs increase by almost 20% I would walk…[Read more]

]]> a88eb97d6e806d377cece5fb17ee44e4 KindOfNew replied to the topic Getting Finance for a 6 Unit Development in the forum Finance https://www.propertyinvesting.com/topic/4401156-getting-finance-for-a-6-unit-development/#post-4631682 Sat, 11 Sep 2010 06:08:56 +0000 Dear BankerThanks for that. Very helpful information. Excellent.ThanksKindofNew

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