Providing that you are not claiming any other property as your PPOR you should escape CGT free (based on the 6 year rule).

Mark, units around Penrith tend to be around those numbers, some will be close to CF+

As it is further away from the city, will you need to commute daily?On one side of the equation is the loss of rent and claimability of interest and expenses/depreciation (so there is the offset of negative gearing) on the other side you will have to pay all expenses & interest from your net income however you may be able to claim the FHBG as…[Read more]

Looks good Richard – I might have to investigate further.There's absolutely no way that you can avoid some degree of soil compaction regardless of what you install unless you build a bridge over the nature strip etc.

WSY, why would the agent recommend your offer if it is less than the best offer? He makes commission on the highest price, why recommend a low one?

Kaz, a few points to consider:An agent has no attachment to the property and as a 3rd party (working for you) is best able to advise on marketing /advertising, strategy, points of negotiation, presentation and price (if you don't have a good idea of the current market). A good agent will actually save you money.If you do go down the line of…[Read more]

Sorry to be so critical but what do you want out of an investment? What is the purpose of investing if at the end of the day you have not made a 'profit' whether it be a capital gain or a good rate of return on your investment? Paying tax is a side effect. I consider that if I am paying tax then I am still making money (or I will have to find a…[Read more]

Keep the ceiling as high as possible, everyone has a 2.4 m or 2.7, height is a point of difference.

Several reasons spring to mind:a) investor needs to access some funds but does not wish to borrowb) investor needs to crystalise a capital loss to offset some other capital gain in the same tax yearc) investor would have to invest substantial funds for an upgrade to the property and does not wish to/have the ability to do so eg meet a council fire…[Read more]

Get a 100% offset account and park the money in there – when you come to utilise this money you will not be redrawing on your loan for a non-investment purpose as it is in a bank account and has not been treated as a repayment of principal.

Check with council to get them to clarify if this will be the case and why you would be required to seal the entire road not just contribute towards it in your development contributions.

Absolutely stupid question, if I may? What does the contract say? Is it subject to tenancies or vacant possession? That alone will give you the required information regardless of what the agent has stated.In NSW, if the tenant is under a lease, they cannot be terminated prior to expiry (unless the place burns down etc).

The council's LEP will show the size of the block, frontage requirements, width of access etc – read the document and follow any guidelines.

Management/Agency Agreements usually have a one month notice period for termination – you cannot terminate at the drop of a hat (or a change in the direction of the wind).Costs – the agent has spent money on advertising either hard copy or internet, these are part of the reimbursable costs to the agent regardless of whether or not they have found…[Read more]

Ajay, add to yours: the extent of activity of FHB in the market having brought forward their purchases due to the low cost of funds. We may not see the 20%+ corrections overall however the removal of the incentives will definitely slow the sub-$500k market by 5-10% ie more than the value of the incentives. Mind you, not all of the incentives are…[Read more]

Why did the agent let it go for 6 weeks?

Is this what you're looking for?http://www.allglobalproperties.com

Jean, the biggest issue is that you will not have any equity in the property regardless of how much you are paying back to the vendor until the vendor transfers the title into your name. Can you not get finance through traditional means or another acceptable vendor finance deal?

Generally, you do not need to be registered for gst if you are a sole trader/partnership dealing in residential property however if you were a company it may be a different situation (although the $75k threshold would apply).You would be claiming the 'grossed up' ie actual amount paid for your expenses ie the $11 dollars that it may cost not the…[Read more]

Also look at the Department of Fair Trading/Consumer Affairs etc in your state for issues relating to this type of ownership. I am assuming this is some form of 'rent to buy' or the like. The biggest risks being if you are in default then you lose anything/money that you have put into the property as you do not appear on the title except by way of…[Read more]