Land tax, weed control/abatement, feral pest control, soil erosion just to name a few.

Check with the office of fair trading. In NSW it will be changing to 90 days soon, so beware.

There'd be a bit of rail noise (trains stopping every 5 minutes, click clack or screach of train wheels etc) but you'd get used to that (depends whether the t/h backs onto the line or is further away from it too).The price has already taken a hit because of its location, unless there is to be an increase of intensity of use of the line eg become a…[Read more]

Pffft, who'd want beachfront with all its associated problems? Rising tides, tsunami, global warming, endless coastline in Aust, salt corrosion, sea spray etc

You'reright, your construction costs will be higher however your overheads will be lower than most developers as you don't have an office/staff/wages etc to support.

Try Dyna or Cougar – both are great packages.

Looks like there may be a couple of damp issues with the property as well – you best treat this before you do any painting or tiling as it will only reoccur causing issues with the tenants. Looks like there may be some issues on the roof also causing the ceiling to be damaged by mould (slow roof leak).Look to a floating floor in the…[Read more]

Accountants don't recommend qs' as they cut the accountant out of work ;(

Good luck, even taking this to the tribunal will see you out of pocket (agent as your rep, tribunal fees, lost time, vacant tenancy etc). Fair wear & tear is just that, it is fair for the tenant to have furniture and to use the property and the landlord cries tear(s) when their perfectly honed finishes show wear marks.Moral of the story – if the…[Read more]

Start squirrelling away all of the +1's income (& some of yours) now. Cut out all of your 'extras' and get used to the lifestyle with less cash so that the adjustment is not a shock when the kid arrives. Get used to living off one income & make sure that you can make ends meet, especially if she has to finish work earlier than expected and remain…[Read more]

Lack of building trades & remoteness contribute significantly to the cost of construction in these areas so be prepared for blowouts in cost esp if you only have a 15% margin.Capital growth is usually negligible so returns will be from rent so either go the developers profit or keep it as a rental.

1 – it is horses for courses. If it is a development which dictates that you need a commercial loan or mezzanine finance from second tier lenders then you go that way if it is a resi investment then you get any one of the hundreds of investment loans available.

Thx, now that we have a bit more info:(still don't know if it is company owned or other but anyways), Yes you will be subject to CGT, you will also be liable for the GST on the construction which will also hammer your return. Your CGT will be calculated on your marginal rate of tax excluding the profit made on the development. Will you be using…[Read more]

He doesn't mention whether or not he is a developer hence no cgt only company tax & gst.

If you are already in the top tax bracket Robbo, why don't you ask you accountant about the best structuring for your situation then bounce it off the 'experts' on this forum?BTW companies do not benefit from the CGT exemption/reduction unlike personally held assets (as per trustee's comments). I'd be considering spreading my risks interstate if…[Read more]

It depends upon the circumstances.

AFAIK there is nothing restricting a special resolution allowing the funds to be transferred from the SF to the AF without a need to repay the SF assuming that there are sufficient funds in the SF to allow the transfer and they have not been precommitted towards some other work (eg carpet replacement, painting, concrete repairs etc).

James, a bit hard to put any useful input into this one without a bit more of the picture. Your other option (if you have any taxable income) is to reduce the tax that you are paying to help cover the shortfall. Alternatively get a LOC and fund the shortfall from the LOC – use it only for this property so that all costs are claimable.

Got this article thru earlier today: Borrowing within super to invest in real estate – a marriage made in heavenIt may clarify what you can and can't get away with.

Stilll, doesn't give me any more comfort