PropertyInvesting.com | safeashouses | Activity https://www.propertyinvesting.com/members/safeashouses/activity/ Activity feed for safeashouses. Mon, 13 Apr 2026 20:23:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 67419bd4d77879149a79e7f397cbf297 safeashouses replied to the topic Re Directing the sewer line to build units in the forum Value Adding https://www.propertyinvesting.com/topic/4395910-re-directing-the-sewer-line-to-build-units/#post-4602027 Mon, 06 Apr 2009 11:49:59 +0000 It is the branch of the main sewer line servicing the old house currently. It cuts right across the middle of the block at an angle, so it would have to be moved to be able to utilise the block.

]]> d26656a05b2567e14bb20f59c798975e safeashouses replied to the topic Good Depreciation Schedule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393572-good-depreciation-schedule/#post-4589451 Sun, 20 Jul 2008 03:49:15 +0000 I used BMT for an old house and report will pay for itself many times over.Surprised that the depreciation rates appeared to be correct also. (I am an accountant). Some QS get the rates wrong, then you just use their"cost" figure only. Ask them if they are up to date with ATO ruling 2007/3 for 2008 year. If they are not, be wary.

]]> 6b1cb303d7588a7be5006b3f2e8cd3a1 safeashouses replied to the topic How important is it? in the forum Creative Investing https://www.propertyinvesting.com/topic/4393776-how-important-is-it/#post-4590505 Sun, 20 Jul 2008 03:38:41 +0000 Why wouldnt you? Imagine you find out one day that the tenant has run and left the kitchen on the back lawn in pieces? Its all about risk, like any insurance. Its a small cost for the piece of mind. I went with GIO as some of the policies did differ from IAG (NRMA).

]]> c96082cddb7202679c68cb4e032e3efc safeashouses replied to the topic Building a duplex in the forum Help Needed! https://www.propertyinvesting.com/topic/4392014-building-a-duplex-3/#post-4581127 Mon, 21 Jan 2008 02:34:44 +0000 Just shows the different tax results you can get depending on your intention AT THE START. For example gee, imagine if someone was paying GST at full rate and then finding out you could have used the margin scheme. Speaking with my accountant's hat on, these type of things need to be worked out at THE START. Also dont let tax run your life . 

]]> 1558c8dd27ee16c6cedf90bb328ec037 safeashouses replied to the topic Brisbane Property event in the forum Heads Up! https://www.propertyinvesting.com/topic/4391128-brisbane-property-event/#post-4575765 Tue, 16 Oct 2007 10:30:55 +0000 What sort of cost to strata units?Does anyone know what sort of cost is involved to strata units? I have investigated, say a block of 4 residential brick units that seem to be a good price if sold separately, but need to be strata'd. Why doesnt the vendor do it? There must be a catch, so they want to sell.

]]> 15bc287ab91d1c424e7fe405d859efb5 safeashouses replied to the topic The next step in the forum Help Needed! https://www.propertyinvesting.com/topic/4389477-the-next-step/#post-4567161 Thu, 03 May 2007 11:53:37 +0000 Good property will make more money un the long run than the car. Remember more people will be interested in property in the future also, but those cars appeal mainly to ageing baby boomers who would have all bought their toy by now! what car is it, a walkenshaw?

]]> 179b8217c3462822aa24a80869bcc959 safeashouses replied to the topic How does this property stack up in the forum Help Needed! https://www.propertyinvesting.com/topic/4389479-how-does-this-property-stack-up/#post-4567171 Thu, 03 May 2007 11:48:48 +0000 Any risk of major future highway widening?Also can they be strata titled? Could increase their value much.

]]> 3ec341899a16ed1e6a06a8e8877b7b19 safeashouses replied to the topic How to track down a property's owner? in the forum General Property https://www.propertyinvesting.com/topic/4389475-how-to-track-down-a-propertys-owner/#post-4567155 Thu, 03 May 2007 11:27:52 +0000 Thanks for that, I just thought also, wouldnt it be on the CONTRACT OF SALE!

]]> ef431aadb5827b089d35006476777cb4 safeashouses replied to the topic Northern nsw ??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389441-northern-nsw-2/#post-4567038 Thu, 03 May 2007 07:11:58 +0000 How close to the coast? 10km?, 20 minute drive?Some blocks with some sand will cost upwards of $600k.

]]> 144f5e03f85e8e1105d485fca4571cf9 safeashouses replied to the topic Northern nsw ??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389441-northern-nsw-2/#post-4567035 Wed, 02 May 2007 10:21:02 +0000 Ah, Northen Rivers, $350,000 will only get you a unit/villa near the coast, will need to go 45 mins+ inland to get a house. Average returns are approx 5-6%. If you can find something neutral, let me know, I’ll pay you for the info!
However, suggest you stay out of that area to reduce our competition!

(Hint: new Tugun bypass, Ballina bypass and…[Read more]

]]> 6684a85b57ff3a98c478256c94c37bb2 safeashouses replied to the topic GST on Property purchases and Sales in the forum Help Needed! https://www.propertyinvesting.com/topic/4389231-gst-on-property-purchases-and-sales/#post-4565950 Wed, 02 May 2007 07:42:03 +0000 Can be a very tricky area. I am investigating doing a dual occupancy. It really depends on your intention. If it is to purchase with the intention to make a profit then the ATO could well argue thats its an enterprise and therefore subject to GST. It doesnt matter which entity it is bought in.Best to get advice from an accountant you can trust…[Read more]

]]> eb3df2c5d68c674639a2946649fd1c92 safeashouses replied to the topic What is Dual Occupany compared to a Strata home? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389159-what-is-dual-occupany-compared-to-a-strata-home/#post-4565536 Thu, 05 Apr 2007 11:08:11 +0000 Please add a "c" to occupany!.

]]> 3ab89fbe2b18be65d188cb37df6e941c safeashouses replied to the topic Looking to buy in outer South Brisbane, any suggestions? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389143-looking-to-buy-in-outer-south-brisbane-any-suggestions/#post-4565428 Thu, 05 Apr 2007 10:42:38 +0000 I have researched the Woodridge/Kingston/Waterford/Logan Central areas recently. They certainly were some cheap areas a few years ago. K still has some of the cheapest houses in Brisbane. It apparently had a rough reputation, but alot of areas once did! If you wait until its nice, its too late.They are well located, close to transport,there are…[Read more]

]]> 3613c5b92da618ae81e0b1b3ec7aa50b safeashouses replied to the topic Relocated houses & BASIX in the forum Value Adding https://www.propertyinvesting.com/topic/4388805-relocated-houses-basix/#post-4563864 Thu, 05 Apr 2007 10:32:26 +0000 I asked the BASIX people about this and was told that unless $100,000 or more was going to be spent on the removal home (excluding its purchase and removal cost) then BASIX would not apply.

]]> a0fa6c35235e3d06e20aaabf64066c9c safeashouses replied to the topic Using Equity for Positive Cash Flow Property in the forum No Subject https://www.propertyinvesting.com/topic/4388661-using-equity-for-positive-cash-flow-property/#post-4563307 Wed, 28 Feb 2007 12:13:26 +0000 Funny how some financiers will only consider a portion of the rental income , even when the rental history (as well as good rental management) can show no vacancies in the last 4 years? Yet they will still lend to people under negative gearing (which is a loss!) on the assumption that there will be some majical capital growth!

It makres the…[Read more]

]]> ab5fa854c72fa10549f47a1f9ba2309f safeashouses replied to the topic Finance for flood prone properties in the forum Finance https://www.propertyinvesting.com/topic/4384851-finance-for-flood-prone-properties/#post-4544215 Fri, 02 Jun 2006 09:08:00 +0000 Howc much of a risk is it that flood is not insured? Is it more a potential problem if a flood causes structural damage?

thomas

]]> 49a47c362615734a5651969e0c987c39 safeashouses replied to the topic Finance for flood prone properties in the forum Finance https://www.propertyinvesting.com/topic/4384851-finance-for-flood-prone-properties/#post-4544212 Sat, 27 May 2006 07:57:29 +0000 Yes, the area is a well documented flood prone area. The agent upon quick enquiry was able to supply a copy of the Council’s documented flood information for the property. The 1/100 year flood level would enter the interior. This occurred in 1954 and 1974.However, because this is a classic flood prone area, its 1/100 year flood levels are so high…[Read more]

]]> 15dc8f3eebe6e119ffcb4e0ac96e8bff safeashouses replied to the topic Finance for flood prone properties in the forum Finance https://www.propertyinvesting.com/topic/4384851-finance-for-flood-prone-properties/#post-4544207 Wed, 24 May 2006 11:00:46 +0000 There would be 20% deposit, but funded from other equity. Postcode is 2480. An independent valuation could be done if needed?
What relevance is size of deposit to floods?

thomas

]]> 5243fa44d1f0323b32355d0900676670 safeashouses replied to the topic Strata Title in the forum Help Needed! https://www.propertyinvesting.com/topic/4384865-strata-title/#post-4544255 Tue, 28 Mar 2006 09:07:10 +0000 Apparently there are consultants/lawyers who can do a search of the body corporate’s minutes of meetings etc to see if they are being sued or they have decided to hit each owner $20k to render the building etc etc.

safe as

]]> 98d91214807128bc4549017835a862dc safeashouses replied to the topic NEED/WANT to capitalise interest to develop in the forum Finance https://www.propertyinvesting.com/topic/4384783-needwant-to-capitalise-interest-to-develop/#post-4543923 Sat, 25 Mar 2006 00:57:48 +0000 Tax is a wonderful word, I would look forward to paying capital gains tax as it means I have made a real gain and not just a “Paper’ gain that you read about in those property magazines.The tax rate isn’t 100%!
But the above numbers I am walking away from, its too risky for me as the variables can change and leave me short.

Do developers usually…[Read more]

]]> af3d3751d058155a52995a4fc918592a safeashouses replied to the topic NEED/WANT to capitalise interest to develop in the forum Finance https://www.propertyinvesting.com/topic/4384783-needwant-to-capitalise-interest-to-develop/#post-4543921 Fri, 24 Mar 2006 04:26:22 +0000 Ah, equity. Thanks for the replies; its a weight off the mind knowing that capitalising interest is possible. However, I have had a closer look at the estimated numbers:

Intended Cost of land when subdivided $75,000
Value $110000 (each block $55000) 68 % LVR.
Could try and sell but considered too risky to HAVE to sell 2 blocks in an old area of…[Read more]

]]> 8ace4a1af2c59c4f55484202272b0e74 safeashouses replied to the topic NEED/WANT to capitalise interest to develop in the forum Finance https://www.propertyinvesting.com/topic/4384783-needwant-to-capitalise-interest-to-develop/#post-4543918 Wed, 22 Mar 2006 04:13:50 +0000 Sorry, but what is/are GRs?

safe as

]]> 93dfa451823d0f2ce2ee1bc285f164c0 safeashouses replied to the topic What date do you use for CGT calculations? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384572-what-date-do-you-use-for-cgt-calculations/#post-4542849 Sat, 04 Mar 2006 06:00:53 +0000 As an accountant, I agree. Its not fair. I bet it suits the ATO to catch people out on this one, to prevent them claiming the 12 month period discount.
Can save alot to check some items such as that, before selecting dates.

safe as

]]> 5e48b1d0ba8b1f461ab2fed82e1eac6c safeashouses replied to the topic Agent refused my written offer ! in the forum Help Needed! https://www.propertyinvesting.com/topic/4384413-agent-refused-my-written-offer/#post-4541654 Tue, 28 Feb 2006 09:17:18 +0000 One of the principles we were taught at the Brisbane Masterclass yesterday was to keep emotions out of it, and stick to the numbers. Maybe make ONE offer only that works for you and if the agent plays up, try and make sure the vendor finds out about the offer and that it is genuine and the highest offer you will make.
The agent’s behaviour may be…[Read more]

]]> f02e5631cde36783d78078b8eb8378f6 safeashouses replied to the topic Brisbane Masterclass in the forum General Property https://www.propertyinvesting.com/topic/4384474-brisbane-masterclass-2/#post-4542365 Tue, 28 Feb 2006 09:07:28 +0000 I drove 3 hours to be there from NSW, stayed overnight (another $100 + food) and stayed for a while after it to chat to the organisers and got home at 11.30pm! A big effort, but well worth it. I dont have any IPs yet, so I think it would be more useful to newer investors .The future masterclasses after this year apparently will have more case…[Read more]

]]> 9c198636b75f8bae242c5c7a3b0a6f1d safeashouses replied to the topic CA or CPA - Any accountants here? in the forum General Property https://www.propertyinvesting.com/topic/4384412-ca-or-cpa-any-accountants-here/#post-4541630 Wed, 22 Feb 2006 12:54:17 +0000 CA’s start in accounting firms, usually in tax or audit. If you want to just work as an accountant in a company, you may as well be a CPA, as they wont appreciate any difference. If you are being employed by a CA, they will prefer a CA because they know of the extra study required. There are numerous CA’s who started in accounting firms as…[Read more]

]]> c5128cbc84e275358aa7579151bb0c76 safeashouses replied to the topic Selling house only(removal) in the forum General Property https://www.propertyinvesting.com/topic/4384414-selling-house-onlyremoval/#post-4541660 Wed, 22 Feb 2006 12:41:09 +0000 You could try the house removal companies, although they will give a wholesale price because they have to made a quid. They may offer only $5000-$10000. Normally, the houses can be moved up to 100km for the same price, so you might get someone interested who is out of Sydney.
You may be able to find somewhere that people want an older house on big…[Read more]

]]> b4e7cf45c3dd9d403062acb671760086 safeashouses replied to the topic Do I need BuyerBeware? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382644-do-i-need-buyerbeware/#post-4532267 Wed, 12 Oct 2005 09:57:27 +0000 All 3 properties have different problems and all need various renovation, and rank equally in my initial assessment, but I would be buying only one. I need to be able to identify serious problems from easily fixed problems . I may then, for example, be able to eliminate 2 of them and then get final inspections only on the one left I prefer.

fnccollector

]]> 9407f9940de32e727557abbb24ef03b3 safeashouses replied to the topic Plumbing Tips, Tricks and Stories in the forum General Property https://www.propertyinvesting.com/topic/4382480-plumbing-tips-tricks-and-stories/#post-4531296 Sat, 08 Oct 2005 22:00:07 +0000 Re the September newsletter, I looked at an old property yesterday. The land was very dry except for lovely green clover growing out the front!Luckily, the owner had left the “open house” (private sale) so I had the chance to talk to the tenant and find out the problems.(What an opportunity!)
Plumbing seemed to be a major issue. The tenant also…[Read more]

]]> f312fe2b10bd8a98fe84436bafb011fc safeashouses replied to the topic Moving a house onto land for an IP in the forum No Subject https://www.propertyinvesting.com/topic/4379095-moving-a-house-onto-land-for-an-ip/#post-4508861 Sat, 12 Mar 2005 00:52:55 +0000 Thanks for the tips so far.
Yes, it could be complicated, but I need to investigate it further. I would not go ahead with it if the likely numbers would not work, considering that part of the plan would be not to do the rectification myself, but pay experts from my likely (no, estimated?) profit.

What needs to be investigated:

Land cost: $50,000…[Read more]

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