PropertyInvesting.com | ksun1985 | Activity https://www.propertyinvesting.com/members/ksun1985/activity/ Activity feed for ksun1985. Wed, 15 Apr 2026 05:42:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 239f29a3178e713aa6944b2273eae161 ksun1985 replied to the topic CGT on subdivided development question in the forum Help Needed! https://www.propertyinvesting.com/topic/5032290-cgt-on-subdivided-development-question/#post-5032293 Thu, 05 Jan 2017 04:50:05 +0000 Hi Terryw,

So the value of the site/property was $480,000. I paid stamp duty based on 50% of that value.

So would $240,000 be my costbase? Even though there was no monetary transfer to my mum.

Thanks

]]> a487c4b172146b77a480c6f646d2d50e ksun1985 started the topic CGT on subdivided development question in the forum Help Needed! https://www.propertyinvesting.com/topic/5032290-cgt-on-subdivided-development-question/ Thu, 05 Jan 2017 02:40:43 +0000 Hi guys,
I have a question about how to define what CGT I need to pay based on my specific scenario.

2012: Mum “gifted” me 50% of her PPOR, I paid stamp duty only based on property value at the time and became 50% owner of house and land
2014: Knocked down house and put up two townhouses. Subdivided, one in her name, one in mine. Mum lives in…[Read more]

]]> 9a85169192026f3054179277b77b13c3 ksun1985 started the topic CGT on subdivided development question in the forum Help Needed! https://www.propertyinvesting.com/topic/5032290-cgt-on-subdivided-development-question/ Thu, 05 Jan 2017 02:40:43 +0000 Hi guys,
I have a question about how to define what CGT I need to pay based on my specific scenario.

2012: Mum “gifted” me 50% of her PPOR, I paid stamp duty only based on property value at time and become 50% owner of house and land
2014: Knocked down house and put up two townhouses. Subdivided, one in her name, one in mine. Mum lives in one…[Read more]

]]> de84901f083d65ecddb97ca108cc7638 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/page/2/#post-4687531 Tue, 05 Mar 2013 04:56:04 +0000 Hi Paul B
Thanks for the great advice. You're right, I should be looking at short-medium term margins as well. Short term if I were to value at 700k each, i'd say we'd be looking at 15% gain. Medium-long is harder to predict. I know we won't see the exponential growth my parents had in 90's, but I can see consistent growth with this area. It…[Read more]

]]> bee64eb56a7de2678659f77b7cc87730 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687528 Mon, 04 Mar 2013 04:21:55 +0000 Thanks mattsta. It will be some time before we take this project on. If we decide to do it that is. I'd be fairly keen to take it on in 1-2 years however it depends of my brother's situation too at that point. I'd be sure to keep everyone posted. 

At the moment I'm about to start a townhouse project in Box Hill South, so I might create a "project…[Read more]

]]> 7488b410a4eb80bcbf736b1da7e79bc5 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687527 Mon, 04 Mar 2013 04:14:21 +0000 Hi Freckle,
Thanks for your opinion. So based on your expected figures, you wouldn't consider this project if you were given the same opportunity? 

Keep in mind that we have no intention to sell as we are both young on good salaries more than capable of paying interest should the rent not cover it. 

I know most developers look at margins,…[Read more]

]]> 71a71b236901137adc01d3313309f954 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687526 Mon, 04 Mar 2013 03:50:55 +0000 Thanks for the feedback. I don't really have a time frame of when we want to start the project. It would be at least 2 years away as I have some other projects on the go. But we will definitely be speaking to drafters, council etc when we are ready to turn the project on. 
Thanks!

]]> fa82b8bb369768e329da140b4ed5c734 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687521 Wed, 27 Feb 2013 23:37:46 +0000 Yes, having people in the building game helps a lot. 

I haven't validated any pricing as we don't have plans. I'm going by research on current townhouse prices in the area and concluding that we'll build something similar. 

It's a good area that I believe will continue to grow in the long term. We don't plan to sell, it's very much a long term…[Read more]

]]> 45c55a19fa6671ca1fc10c257ad882c8 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687518 Wed, 27 Feb 2013 09:38:09 +0000 Thanks for your advice. Yes the legal part will be something we need to look into if we go ahead with it.

At this stage it is just an option that we are tossing up and doing some feasibility studies. 

We're fortunate in that our parents bought IP's in some great areas when they were very affordable. Now that they are hitting retirement, we can…[Read more]

]]> 7aa8a7a9e6ca0a1867f29a2a2e48df93 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687517 Wed, 27 Feb 2013 09:29:52 +0000 Thanks for your advice.

I don't think I have underestimated the build. We have some significant advantages with my old man being a builder and my brother working for a large building materials company. Basically get 20% of wholesale price for plaster, timber, bricks, concrete etc etc. Anyways, I really appreciate all the advice! 

]]> 12465569127a76631cce721c8b139dd4 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687513 Wed, 27 Feb 2013 06:57:09 +0000 We will purchase it without paying for it initially if that makes sense. We will only pay stamp duty based on market value to get ourselves onto the title. Obviously we still owe dad 650k. But when it comes the time that he requires it, we would either sell one of the Townhouses, or just take out a loan. 

]]> 058aa72364742f50dad09d55c26150c2 ksun1985 replied to the topic Is this a good investment idea? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408862-is-this-a-good-investment-idea/#post-4687512 Wed, 27 Feb 2013 06:54:05 +0000 Dad will transfer the current house to me and my brother as a gift. We will only have to pay stamp duty, fees etc. Anyways, loan will not be an issue as we have that covered. 

We only want to use the rent to cover interest as well as $400 per week we owe dad. Just let it sit 5-10 years until we are required to start paying principle. 

I just…[Read more]

]]> 42fb59fa294741d5de79629e29878e33 ksun1985 replied to the topic HELP! Void/Cancel the Sales Contract required in the forum Help Needed! https://www.propertyinvesting.com/topic/4406195-help-voidcancel-the-sales-contract-required/#post-4666400 Wed, 28 Mar 2012 05:25:10 +0000 NHG wrote:
Hmm…Would having a third party place a caveat void any sale of the property?Could this be done asap?

Could you please explain this as i’m not sure what this means?

Thanks,

]]> d46ff7bf941500f2fe82db41e5eb9f4b ksun1985 replied to the topic HELP! Void/Cancel the Sales Contract required in the forum Help Needed! https://www.propertyinvesting.com/topic/4406195-help-voidcancel-the-sales-contract-required/#post-4666399 Wed, 28 Mar 2012 05:19:24 +0000 Thanks guys.

My solicitor is handling it now.

It’s just one of those terrible family situations that i’ve been dragged into. Hopefully it works out.

Cheers,
ksun1985

]]> f087e6338b276779f1e9e3c1e19641b5 ksun1985 replied to the topic Townhouse construction cost to lockup in the forum Help Needed! https://www.propertyinvesting.com/topic/4406146-townhouse-construction-cost-to-lockup/#post-4665937 Thu, 22 Mar 2012 05:25:47 +0000 Thanks,

Do you need a license to sub contract the work after lock up stage? i.e can the builder walk away after lock up stage and leave the rest to me to complete?

I’m asking because I owner built my current residence and know many people on the trade and want to try save as much as possible. (My father is a plasterer)

]]> d0492e4bad56ea53359deb9d08d45502 ksun1985 replied to the topic Using my Dad (registered builder) to build townhouse project in the forum Thanks! https://www.propertyinvesting.com/topic/4404359-using-my-dad-registered-builder-to-build-townhouse-project/#post-4653267 Tue, 02 Aug 2011 05:45:36 +0000 Thanks!

]]> 6bf9d7dc75fc7325e7cc7ed067696c40 ksun1985 replied to the topic Is this a good price for architect fees? in the forum Do you have any recommended https://www.propertyinvesting.com/topic/4402740-is-this-a-good-price-for-architect-fees/#post-4641615 Fri, 25 Feb 2011 01:02:53 +0000 Do you have any recommended planners/architects who take on the project from initial design to building permit stage?

fda wrote:
Some architects do charge really low. I know someone who charges about $6k for a 2 x double storey town houses town planning which include the planning report. It is a relatively new company but their service is r…[Read more]

]]> a276df24804b2083cdd4dd2c67a161ed ksun1985 replied to the topic Is this a good price for architect fees? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402740-is-this-a-good-price-for-architect-fees/#post-4641613 Sun, 13 Feb 2011 22:03:26 +0000 Could it be this price because she works from home and doesn’t have the overheads associated with offices, etc?

]]> 1be7c33538e7d9e807416e27366b1a10 ksun1985 replied to the topic Is this a good price for architect fees? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402740-is-this-a-good-price-for-architect-fees/#post-4641610 Thu, 10 Feb 2011 22:46:02 +0000 Interesting. What would you be expecting to pay for this sort of development.

This architect came recommended to me. She has lots of experience with townhouse developments and has been very informative with my questions and design so far.

]]> b227fca8423421ef05823fea860d896e ksun1985 replied to the topic Transfer of title / Sub Dividing / Stamp Duty - Newbie Questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4402428-transfer-of-title-sub-dividing-stamp-duty-newbie-questions/#post-4639507 Wed, 12 Jan 2011 23:16:17 +0000 Terryw wrote:
You cannot change ownership without paying stamp duty – generally, an exemption in some situations is for transfers between spouses.You could transfer half the house, or even less, such as 1% to get your name on title. you will only pay stamp duty on the value of the portion transferred. See if your bank is happy with this first…[Read more]

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