Congrats Dean..Midland has potential, and the Council there are “busting a Gut’ to get some solid business happening agian and harrasing the Government..
Still some cheap IP’s here..
And LOTS happening up North of WA[biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Dean, i believe you’d have to have lived there 6months at least ( anyone ?) to prove PPOR status, if this is the case i presume you could delay settlement.
If you sell…what would you then do ?
Also, work out your exit costs from your loan , buying and selling costs etc to work out the ‘true’ end figure.
I’d suggest talking to someone like Melbear, who has a good grasp of Trust structures.
My understanding is that with your current properties, you’d have to essentially ‘sell’ them to your trust, incurring hefty Stamp Duty on this transferall.
The ATO also is supposedly looking at Trust structures set up for purely reasons of Tax…[Read more]
A lot happening in Darwin as well with the Government spending money on the Port area, think someone on this site mentioned the hospital ?
The real estate boom over the last 2 years has pushed prices up everywhere, and yes E-States buyers ( and others ) are looking further afield for IP’s, As your probally aware Darwin has Seasonal population…[Read more]
but on reflection with the advice you need to be a disciplined Saver.. get your savings and Spendings under control first… Agree, pay ATO off in installments.. You have a good income, utilise it..
REDWING
Income is your Greates Asset !
“Money is a currency, like electricity and it requires momentum…[Read more]
Agree wholeheartedly with the general consensus of doing something with the land, it may be experiencing Growth but your not getting any income from it.. it’s an Asset, use it as such..
Like wrappacks idea of turning more land into land, with easter just gone it made me thing of ‘turning water into wine’
Why did you initially purchase the land…[Read more]