Which state? As it does not relate to the interior of your unit, it is a body corporate issue – document it & send it to the executive committee & the strata management company. Also contact vcat or fair trading to make sure you are addressing it the right way.

In NSW they did drop the requirements for HOW insurance so they are effectively…[Read more]

You may also need to check if there are other hurdles to jump eg must have qualified as eligible for NRAS status & applications have been approved.

Very little chance unless you owned it under a company & you were registered for gst. If you were able to take advantage of it in this way, you’d then be liable for payment of gst upon sale of the property ie 1/11th of sales price or whatever via the margin scheme & cgt at 30%. ie: no advantage.

All subdivisions require access to a public road either by easements, right of ways or direct street frontal. Without the provision of access, you cannot entertain a lawful subdivision.

What advantage would there be of having a block which couldn’t be sold?

which city?

yes it was. There is some govt assistance available to those in gladstone who were affected. Just google gladstone floods 2011.

To what effect? Residential property is input taxed so there is no benefits to be gained. Check the ato website or your accountant for clarification.

a QS report will be conditioned, more so if there has not been an inspection but the extent of damages which could be sought would be a lot less than for a pest/building inspection.

Possibly best to check their websites & call a QS to discuss your concerns.

Rob, there have been plenty of threads on this before. You would probably need to get a QS to maximise your depreciables. Also you’d avoid Sydney/melbourne/brisbane/gc as land prices make these unviable.

As with any property purchase or other investment, it is even more important with regional property that your due diligence to also determine your exit strategy before you purchase: ie how do I get rid of it if need be? How long will it take? What/who is my market? Which agent will you use? How much will it cost?

‘New ‘ properties will generally depreciate more than any capital growth that you might experience over the first few years of your investment.

If you want to quarantine some of your capital gains, you may wish to live in the house for a period before renting out, providing you don’t have another ppor.

Unfortunately, banks will lend less as a % of valuation against shares than they will on property (think margin calls). So you have to consider where you will be getting the best capital gains to balance against risk & ease of accessing equity.

Although I haven’t investigated these, the only discounting which occurs is the rent otherwise there would be little in the way of government or other incentives for investors to want to consider them as an investment.

From an industry point of view, it is always better to have an inspection undertaken. Photos provided to a QS may be inappropriate eg old or from a different property, not that anyone would. The other issue includes transfer of risk ie the QS is reliant on the information provided by you,re if you something there is no recourse, if the QS missed…[Read more]

Agreed xdrew, there is a glut of properties on the market @ the moment in the area but if you buy right having done your due diligence you should be right. There are parts of lavington that you would avoid.

You'd be best advised to check your numbers Phil, paying cgt is part & parcel of the development and gst is payable as you have 'created' a new lot. Remember that you may also get some input credits for gst and you could also investigate building the new house & a quick reno on the old one to sell it off, possibly keeping the cgt exemption on the…[Read more]

Stay tuned….hey DW do you have a site yet? / Where are you looking?

I believe that it’s being held @ Mooball NSW, AGAIN.

Interesting question.

The answer revolves around ‘ownership’.

Company A has purchased from the developer. I need more info – is it a vendor finance or mortgage? Either way, it is owned by the purchaser, as they have purchased the premises including the fitout, the vendor or mortgagor have only financed the deal & come back into ‘possession’ but…[Read more]

Obviously a good financial planner/accountant may come in handy.