This is classed as borrowing for a private purpose and interest will not be deductible.

You'd have to read the contract.

Are you looking to change or to appoint a new SM?

You're worrying about something 32 years off – you will probably have bulldozed the house or sold well before then and the tax treatment would have changed half a dozen times inbetween as well. If you live in the house before you lease it out there is a six year exemption as long as you don't claim another house as your PPOR.

If I told you Jenny, I'd have to kill you (and change the eyes, of course).

Glenelg, where else.

On that basis, then you may have more luck with locking them in to a 5 – 7 year timeframe. Monitoring resale will be difficult without having an enforceable caveat on the land.

It comes down to buying at the right price, then getting bang for your buck with typically a project home and achieving the best price in the market at the time of sale. If you can pull all those off simultaneously then you will think it is all too easy, if you stuff up on No. 1, then it becomes all too hard.

Please see previous posts: https://www.propertyinvesting.com/forums/property-investing/help-needed/4326345?highlight=car%2Cparks

Contact a private investigator to source a criminal record check or to confirm the legality of doing so. You could always have a tick box on your tenant application form – if they lie on the form you may have grounds for breaking the lease.

Quick questions:Which state is the house located? In some states you have an insurable interest eg Qld and are required to insure the property to cover any damage between exchange and settlement.Is the house Torrens Title or leasehold (eg crown lease)?Measurement of land – I have never heard of this. The title of land is guaranteed by the State…[Read more]

My 2 cents worth – don't invest only for the tax benefits. The deal must look good irrespective of your tax situation as this may change at a moment's notice.

If they can lock you up for 20 years (by this stage your house would have depreciated by 50% but the land value may have increased), they have already recieved mega profit on the original build & site works (even at $140k), they are going for a third bite at the cherry.Your only hope is that the company is wound up before the 20 years are out.

The profit comes from purchasing the block. If you have paid too much for the land, then you stand a much reduced chance of profitability.The money is in the first deal, not the onsell.

A couple of points – most houses/loans are rolled over every 7-10 years, so there is a great likelihood that you will sell before the 20 years are out (and the developer is banking on it).Secondly, are you overcapitalising on the block? a $400k house on a $140k (or $240k) block?Thirdly, there is very little risk for the developer – ie assuming the…[Read more]

Uless it later becomes your IP

A QS is a cost planner, typically involved on measuring and quantifying building elements for developers. A land surveyor undertakes physical measurement of land, subdivision work, boundary identification.

Is it stratum or is it company title? These are two totally different things (at least in NSW). Stratum is a 'higher' form of title permitting further development then strata subdivision, whereas company title existed prior to the creation/acceptance of strata title.Conversion to strata title will require all owners to agree to the winding up of…[Read more]

That's fine as long as you like paying the higher rates of interest which go along with an unsecured loan.

To take another slant on the housing crisis – maybe Australians don't get paid enough. If we all earnt more, then housing (if prices remained stable) would be more affordable.