duckster wrote:
You need to see it before signing your purchasers contract. Now if you went to your solicitor they would advise that they need to see this vendors contract and the purchasers contract before you sign anything.seehttp://www.lawyersconveyancing.com.au/section.asp#4seehttp://jmbenson.com.au/buying_auct.htmlIf it is going for auction…[Read more]

Appointing a quantity surveyor is a good idea. It will save your time. You know that ” Time is money”. I would like to say thanks to duckster. Your comments are really so useful and informative buddy.

You have not mentioned the details of the matter. As far as I can understand that if you run fast you also have to keep the speed always up. Don’t fear of time and cost always. Sometimes you have to take risk for being successful.

JD86 wrote:
hi guysi have a question about accessing the equity i will have when my house is built iv worked it out to be around $40,000 house valued and around $300,000 and having a $230,000 loan only being able to use up to 90% of the value of the house, that works out to be about $40,000 euity correct? now, im not sure that i will want to a…[Read more]

The confusion about the unit 14 can cause some problem. You should check the contract more carefully. If anything is being mentioned there about such condition. If not written then you have some chance to get facility.

I agree with Scoitt. As you are borrowing for personal purpose you have less chance to get interest deductible. Private ruling is a process to get rid of legal problems caused for underpaid tax. You can search in web to get better knowledge.

Right. You have to be careful about borrowing more money. As you are already in a critical position. Your investment is not tax deductible.. So make decision thinking more than once. Wish you best of luck.

I would say it is very tough to manage a huge money in a short time to buy a house. There are also many formalities that have to be maintained that discourages people. Many one can not manage such big amount.

Terryw wrote:
Look at the latest flash at http://www.bantacs.com.au. They have a private ruling on capitalising interest

Hi Terryw. Thanks for the link. I was searching for details about the private ruling. Got many things from the link. I think I may pray help of BAN TACS Accountants Pty. Limited sometime.

I think you should make it a shot. As far as you rent a house you get capital for a new one. This is a very good way for doing business. I do not find any problem in it. Good idea.

Canberra is the most expensive among all other places I think. One of my friend pays 6% management fee in Sydney. Sydney is one of the chipest management fee area as far as I know.

The above discussion about the topics was new for me. My concept about those matters was not so clear. But I am a bit confused because of the two types of discussion.

I am not sure you can get a tax deduction or not. If it is possible then that is good for you. If not possible you may include tax within rent. That might be more satisfactory for you.

ghoulie1 wrote:
Hi,Has anyone had experience with regard to Gifting property to family members?I would like to know what process I need to follow, and whom i need to see.I look forward to hearing from someone who can help.ThanksRob

You have to make a will to gift your property to your relative. There are some legal work to done. I would also…[Read more]

The location of the house is in a prime position. You can get everything beside of you. Communication is also easy. So I think you should make it a try. My main concern is about Repayments conditions. These look little complex to me.

thecrest wrote:
Hi JoshBrokers typically charge 3% to sell a freehold and 6% to sell a leasehold, negotiable as the commssion gets too big.Hi aofWhat are you going to do with the building ?If you are buying an existing operating motel as a going concern you pay no GST.Much due diligence required before buying a building for conversion into an…[Read more]

Your current 7.57% Wrapee int rate would be good for the banks. They can easily afford 5% interest payments at your new deal. But though you are shifting into a new thing be careful. Best of luck.

devo76 wrote:
This is a rough breakdown of what im looking to do. ( sub divide corner block and build on the back)Council contributions $5200Sewer                            $7000Water                             $6000Sewer encasement    $11000  ( building over sewer line so have to encase with concrete)Sewer junction             $1000Demol…[Read more]

Depends on the type of service provided, difficulty level in obtaining the results and furthermore the percentage the competitors will offer for the deal you have in hand, total project value and such parameters. I might say a 2% and a fixed rate applied to deals less than USD 20000 or so … you may arrange a reasonable fee in some respects.

normanfisher wrote:
It sounds as though you have a number of interests in life and that you are keen to start a career. A real favourite expression of mine comes from the film Patch Adams apparently quoted from Mendelssohn that you should focus on the solution not the problem. I always think about when I am trying to make decisions about my…[Read more]