StumpCam wrote:
   As for the low start: I assume they are somehow getting you to quarantine your grants and use them piecemeal as part of your repayments. There's no mention of what rate of return your 30k of grants is getting in the process. If it were up to me, I'd be simply letting the grants sit in an offset account that's being dire…[Read more]

Strata is a form of subdivision. Subdivision is permissible if the zoning & planning instruments permit. You may need specialist town planning input to help your case.

In isolation, probably not. There are several factors to consider to get the full picture, these include your marginal rate of tax, the amount of depreciation available (you'll need a qs to determine this), the value of having the benefit of home-owners warranty on a near-new house, likely higher rental value, lower initial maintenance costs,…[Read more]

Consider setting up your own smsf – salary sacrifice into that and use the funds at some point to purchase an IP. Set up your own IT company and have it as the contractor – then split your income with the +1.It may pay to see an accountant/financial planner to discuss strategies applicable to your situation.

This is subject to the rate being applicable for the whole year. If you used it in a peak period, the % adjustment would be much greater.

There are no guarantees in life – regardless of how good her intentions at present, she may change her will on her deathbed & you may miss out. You will need to have a caveat or retain % ownership.

Stratum allows the owner to further subdivide by lodging a strata plan. If you visit the websites of some of the larger survey companies it will give you the full explanation.

Plumbing & investing are like cheese and a good bottle of red. Not essential but it will help along the way (with maintenance).

White Knight used to have a paint for this purpose otherwise there are some companies which respray insitu.

A couple of things to consider: the property has been owned prior to the introduction of CGT and would generally have been cgt exempt. I believe that if they sold the whole of the property it would have the exemption, eg sold to a trust to realise the whole of the profit/cgt.  If it is sold with the approval then they can realise the entire c…[Read more]

$2-2.5k/m2 would be about right. Maroubra has sandy soil, needing engineered footings. Project homes are cheaper.

It would be impossible to sell (or even have purchased) the property if it did not have a title. In NSW you can use the lands website to check for a properties title details ie lot & dp including boundaries. I'll assume that this lot otherwise requires a subdivision.Try RPD for the whole street or a nearby address then move the map accordingly…[Read more]

Won't be much more than $2.5-$3k pa based on the 2.5% allowable deduction (you may get more via a Quantity Surveyor)

keiko wrote:
you will find some agents do that especialy the stupid ones if i was an agent i would present every offer because you never no what the vendor will do, Ive made offers that i no were never presented because the agent thought the offer was to low so i go past the agent straight to the vendor and sometimes you get a deal, he probaly…[Read more]

You can bequeath anything that you own to someone in your will, in the case of property you can decide if you want to pass it on to all three as joint tenants (in the same or differing proportions) with the right of survivorship or as tenants in common with nominated proportional ownership and the right of the beneficiaries to independently deal…[Read more]

You've lost me – 'all the units are torrens titled'. Torrens refers to the real property act 190? which basically means the Crown guarantees the title to the land. Do you mean that each unit has been Strata titled ie each has its own individual title?With regard to land tax, if the total value of the land owned exceeds the land tax threshold, then…[Read more]

It all depends on its significance ie is it listed on local register, state register or National Estate. It is easier to get an item of local significance overturned however if it forms part of an overall area (eg part of the suburb which has been conserved) then it will be much more difficult to get overturned.You will need to consult a heritage…[Read more]

Can you apply for the loan in your names and not the mother-in-law's?

duckster wrote:
Be careful when demolishing fibro houses. Get houses' fibro sheet cladding tested for asbestos as if it is asbestos you will have to employ an asbestos removal company to dispose and remove the asbestos due to the health risk.

These demolishers are licensed to undertake demolition of asbestos – be wary of contractors who are…[Read more]

Put simply, there is no rule of thumb – it is a negotiation. Negotiation comes down to being able to make the two parties agree on common ground ie at what point are you willing to walk away from the deal never to be revisited? and at what point will the vendor no longer be interested in talking to you (this will relate to their motivation for…[Read more]