PropertyInvesting.com | pevans | Activity

pevans replied to the topic Transfer ownership in the forum Legal & Accounting

Tue, 19 Jun 2007 10:44:39 +0000

The full stamp duty would be over $50K.

pevans replied to the topic Transfer ownership in the forum Legal & Accounting

Sat, 16 Jun 2007 04:14:13 +0000

Hi, thanks for your relies.My accountant has suggested selling my half to my wife. He tells me that all i need to do is obtain a market price for the land, then sell my half to her at half market value. As she would then have full title of the land, she is entitled to claim full deductions for the land and construction costs ( once the…[Read more]

pevans replied to the topic Hindsight is a beautiful thing in the forum General Property

Wed, 17 Jan 2007 23:34:10 +0000

Hi Burham

Yes i hear you…

I remember visiting my parents down in Bunbury WA a few years back. You could buy places out of the paper that easily passed McKnightâ€™s 11 second test, spoilt for choice…But “no one” bought investments in Bunbury….Until the BOOM hit that town too..

I think the key is to not follow the herd…Because if you wait…[Read more]

pevans replied to the topic Hindsight is a beautiful thing in the forum General Property

Tue, 16 Jan 2007 06:39:11 +0000

Mickey

Spot on !! Its just amazing to see how expensive it is up there right now.

Did you have the pleasure of living there at some stage?

Pevans