https://www.propertyinvesting.com/members/magpie_2/activity/ Activity feed for magpie_2. Fri, 17 Apr 2026 12:15:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6698aa597c86097f80ba1ddb8559ef08 https://www.propertyinvesting.com/topic/4372827-land-off-the-plan/#post-4467180 Mon, 10 May 2004 07:41:38 +0000 We paid a 5%deposit on land off the plan in early July 2003. Supposed to settle November.In February agent rang to say deposit had to be 10%. “Values” had jumped by 25% in the interim, so it was sitting on a nice little capital gain, (462% gain on deposit) and we also thought developer must be trying to squeeze us out. Agent said, “no, it’s…[Read more]

]]> a8d251dbb5db142fdb46b387cb05ed3d https://www.propertyinvesting.com/topic/4373079-subdividing-2/#post-4468787 Thu, 06 May 2004 12:35:46 +0000 Another option is to build a nice new home in the backyard for yourself, and sell the front one. NSW will allow you to build after getting approval for dual occupancy, so you get a construction loan which is interest only until completion of construction, then you get a tenant in for 6 month lease on your old home, and during that period organise…[Read more]

]]> e7b58730b4ea8f31acd81ab4f97978ff https://www.propertyinvesting.com/topic/4373487-subdivision-cgt/#post-4471794 Thu, 06 May 2004 12:20:08 +0000 We are planning to do a similar transaction with family member who is a first home buyer, so will not have to pay stamp duty now or worry about CGT if/when she sells, I believe. Eveything I have read indicates that ATO is looking very carefully at this type of transaction and will deem value to be market value, even if you try to use a lower…[Read more]

]]> 1bc39c09793c438d8235c5da59d997a9 https://www.propertyinvesting.com/topic/4373274-cheapest-way-to-send-cash-overseas/#post-4470336 Tue, 04 May 2004 07:50:21 +0000 Check with your bank before you send a cheque, some charge $10 – $20 to clear cheques banked overseas. Also, your friends bank may charge a fee also to deposit the cheque. I currently pay an account overseas by ringing up and getting it charged to my credit card here. Perhaps you could pay for something your friend owes. Get an exchange rate…[Read more]

]]> 38607d08b25e84fd7cc43cf179c4058f https://www.propertyinvesting.com/topic/4372847-where-to-go-from-here/#post-4467257 Tue, 04 May 2004 07:31:26 +0000 Have you worked out the figures as to when each of the -ve properties will become +ve. Maybe you could use some of your good income to pay extra off the mortgages for a while. Once 1 becomes +ve, then pay off the next one……until all are +ve. Alternatively, do all the calcs for each property for current and projected figures and then…[Read more]

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