Does the 6 year income producing rule still apply if you rent it out straight after settlement? Or do you have to live in it first? then you get 6 year period? If so how long is this period? ATO site does not clarify this.

Its very important that this place is CGT exempt because the investment value to me is on price appreciation not on rental return. Therefore I am willing to do anything to meet the requirment of this being a principle place of residence. Does it make any difference if I only have one property? If you only have one property does it make a…[Read more]

thank you very much for your help.My plan is to live in the place for 6 months after settlement, then rent it out legally through an agency and then  go rent a place in the city for a couple of years. So  if I do this can I still be CGT exempt

?????

Scott No Mates wrote:
A typicial  example is exclusive use whereby garages/parking or an enclosed courtyard is located on common property however if exclusive use resolutions (which are contained in the by-laws) are passed then individual owners may be granted exclusive use over a parking space (and it will not appear on the title). These…[Read more]

You say majority or is it unamious agreement?is there an act that overides the owners corporation act when it comes to possesion of common land?Because in the owners corporation act it mentions unaminous

Why wouldn’t they change the plan on page 14 aswell if that occured?furthermore,both plans are dated as 1969 which is when the sub division occured I think. If that did in fact happen what’s stopping them from taking more land from my front yard and making it common land?or alternatively what’s stopping me from doing that to the other units front yards?

yes but this contract was only presented after the auction was bid onthe one he sent me via email did not have that document of body corporate fees in it.

why is that?Is it because they are considered more risky? Harder to sell off?

Of apartments, not warehouses, hence the use of the word differentiable

I am looking at West Melbourne because I want to live close to the city without being in it. I also think it it is a better investment as anyone can just put up an apartment block but a warehouse conversion is differentiable and there will be less supply of it relative to an apartment. I also believe docklands will be a major centre in Melbourne…[Read more]

Is it true that it gets really hot in summer and cold in winter?Are rats a problem or is this just a myth?

Noise from nearby warehouses?Graifitti/drug use/loittering/gang trouble which is usually associated with alley ways and warehouse areas?

what about covenants on apartment blocks which say that everyone has to be over 55?does that count?say someone is over 55 can they live there and have people under 55 living with them?what about with student apartments, if i buy a 2 bedroom student apartment can only students live in them?

hm just inspected a property worth 240 000 today,weekly rental 215caulfield north rental is 240  for 240 000 apartments,capital growth opportunities may be  there but cash inflows i think not

lol truei just didnt now what pcm stood for, if it was per cm on  an annual basis, now we are talkking

lol truei just didnt now what pcm stood for, if it was per cm on  an annual basis, now we are talkking

as a trainee