PropertyInvesting.com | shnook | Activity https://www.propertyinvesting.com/members/shnook/activity/ Activity feed for shnook. Sun, 12 Apr 2026 23:33:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d27a2740e1659cb72ed53706fc60d554 shnook replied to the topic Advice Wanted in the forum Help Needed! https://www.propertyinvesting.com/topic/4393738-advice-wanted-2/#post-4590322 Wed, 16 Jul 2008 05:48:41 +0000 Hi Nicki,The idea to invest in property is a good one, but I too would be cautious about the house/land package offered to you.     Friends of mine did this several years ago and YES their Financial Advisor did make commission out of it (they found out later). The problems they have come across are these… If it is a large development, many man…[Read more]

]]> 665a8526b49f7cf5e1465688c480a27e shnook replied to the topic Express Home Improvements. Denise Alen in the forum No Subject https://www.propertyinvesting.com/topic/4376535-express-home-improvements-denise-alen/#post-4493312 Thu, 21 Oct 2004 14:08:41 +0000 Hi Joner,

I also saw that ad & will be attending the seminar on Saturday in Sydney.

I considered all angles before parting with my cash, but in the long run there was nothing in the itinery that I wouldn’t be interested in & given the extra bits of information you are given I thought that it would be well worth it. I am sure that given the…[Read more]

]]> 81a2991595a6a74f6ba1ef940eccaf34 shnook replied to the topic Sub-divisions in the forum Value Adding https://www.propertyinvesting.com/topic/4375878-sub-divisions/#post-4489088 Mon, 13 Sep 2004 04:35:32 +0000 I am currently doing a similar thing in NSW on a corner block – a big learning curve.

We have bought a property & are subdividing for a dual occ. The original house is being rented out (we have done some minor reno’s) while we build the new house in the yard. We will sell the old house (probably)when building is complete & keep the new house for…[Read more]

]]> 53ef74353335653d5b0dc822884a6d1c shnook replied to the topic who cashed up in the last 6 months? in the forum General Property https://www.propertyinvesting.com/topic/4371338-who-cashed-up-in-the-last-6-months/#post-4454976 Thu, 19 Feb 2004 04:55:41 +0000 Yes I did as well.

Sold in an area that has had great cap gains, but the rental incomes are quite low.

Have paid out my debts (so now I have more CF+ props ) & have enough money left over to put back into several more deals that are CF+.

Looking forward to several more purchases this year – all going well

cheers

Shnook

]]> dd107f4a48d33824e7e484671fd21683 shnook replied to the topic land tax is it called council rates in NSW ? in the forum General Property https://www.propertyinvesting.com/topic/4370268-land-tax-is-it-called-council-rates-in-nsw/#post-4446405 Sun, 11 Jan 2004 08:16:25 +0000 Don’t worry about Knowing the land value – the O.S.R know it long before you do.

They will let you know how much the land value is after you have submitted your return & they have calculated your tax payable (if there is any).

If, after you have received your land tax assessment back from the OSR you disagree with the land value stated you can…[Read more]

]]> 25cf624406a51fabd2ac38a70a461c35 shnook replied to the topic land tax is it called council rates in NSW ? in the forum General Property https://www.propertyinvesting.com/topic/4370268-land-tax-is-it-called-council-rates-in-nsw/#post-4446401 Mon, 05 Jan 2004 07:46:14 +0000 Hi,

Also do a search on the Land Tax topic on this forum – there was a discussion on it not that long ago.

I’m not sure what the IPAC site says (couldn’t connect to it for some reason) but just wanted to make sure you realise that Land Tax is similar to your own tax & that it is up to you to submit the return for your investment properties…[Read more]

]]> 09ddd6a2d64a29e20afbd0442168cc82 shnook replied to the topic cut out the middle man in the forum General Property https://www.propertyinvesting.com/topic/4370272-cut-out-the-middle-man/#post-4446494 Sun, 04 Jan 2004 08:12:04 +0000 Unless you also intend to do the conveyancing yourself I would just go to your solicitor/conveyancer & they will do up a contract for you & take it from there.

I did the same thing a couple of months ago with no problems

cheers
shnooks

]]> e2a97e2f8422a4639ecd4d01ba41409f shnook replied to the topic Please explain ? in the forum No Subject https://www.propertyinvesting.com/topic/4369710-please-explain-2/page/2/#post-4442043 Sat, 06 Dec 2003 13:54:46 +0000 Another reason for not putting your PPoR into a trust is as others have said – Trusts attract Land Tax from $1,- this will include your PPoR. In NSW, as an individual, your PPoR is exempt from Land Tax (unless land is valued over $1.68m)and you only pay Land Tax on the IP’s

Also, from an accounting point of view (unless you were actually going to…[Read more]

]]> 947a4568b2f2a37d56493ebf883c538b shnook replied to the topic Calculating land tax? in the forum General Property https://www.propertyinvesting.com/topic/4369787-calculating-land-tax/#post-4442976 Sat, 06 Dec 2003 12:27:06 +0000 It’s an annual tax. It is up to you to lodge the return, so that an assessment can be sent to you.

cheers

]]> 5621615e95787e3f62ac7746b0ea63d0 shnook replied to the topic Which City/Suburb you live? in the forum No Subject https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/2/#post-4442237 Wed, 03 Dec 2003 14:29:47 +0000 Living in Wollongong NSW

Grew up in the southern suburbs of Sydney – family are all still there (only 35 minutes away)

Shnook

]]> 6cae6541b98531b0493a15759348c1bd shnook replied to the topic Land rates in different states in the forum General Property https://www.propertyinvesting.com/topic/4369624-land-rates-in-different-states/page/2/#post-4441261 Wed, 03 Dec 2003 14:21:33 +0000 Rugbyfan,

LOL [:D]- I wish I was able to say that my PPoR was over the $1.6+ million mark. But I suppose in NSW land value of this amount and over is probably becoming more & more common.

Also I didn’t receive the E-mail
Did you convert the .at(symbol. to @ (sorry about the hassel but I am being bombarded by Spam mail lately)

Do you mind trying…[Read more]

]]> 1ac9e32f701c1596f67c771c15ee4f13 shnook replied to the topic Land rates in different states in the forum No Subject https://www.propertyinvesting.com/topic/4369624-land-rates-in-different-states/#post-4441259 Wed, 03 Dec 2003 13:52:42 +0000 Rugbyfan

Is it too late to ask you to email me a copy of the Land Tax/Land rates info also please

brookenbrett.at(symbol).ozemail.com.au

Also, for those of you who are unfamiliar with Land Tax (as I was when I first purchased property) Land tax (in NSW) is done from your investment land holding as at December each year and like normal tax it…[Read more]

]]> 99f85b42f085e784328e89a3c4caa3d8 shnook replied to the topic Calculating land tax? in the forum General Property https://www.propertyinvesting.com/topic/4369787-calculating-land-tax/#post-4442970 Wed, 03 Dec 2003 13:24:14 +0000 David,

I can only tell you about NSW – but there is probably an equivalent for the other states (perhaps the sites I give you will have a link to them.

In NSW the valuation of land is done by the NSW Valuer-General and handled by the Land and Property Information dept. – Their web site is http://www.lpi.nsw.gov.au – for valuation information…[Read more]

]]> 701891d2a618a48acd4611554535212e shnook replied to the topic losing badly i think in the forum General Property https://www.propertyinvesting.com/topic/4369785-losing-badly-i-think/#post-4442954 Wed, 03 Dec 2003 07:44:52 +0000 Ooops – sorry about that one my first post didn’t exactly work too well.[:I]

What I meant to say was Oh my god! your losses were just under 1/2 of my husbands total annual wage.

I am no expert, but I would suggest sacrificing one of your properties to pay back the other debts in an effort to create +c/f in the remaining props. You should then…[Read more]

]]> 68ea3b9f613113618a1ad365b8759bd4 shnook replied to the topic losing badly i think in the forum General Property https://www.propertyinvesting.com/topic/4369785-losing-badly-i-think/#post-4442953 Wed, 03 Dec 2003 07:33:51 +0000

quote:
hi guys great forum excellent ideas advice
i have 5 ips 4 neg one even about to buy a+c/f one
got my tax statement back today ips losses as follows prop1[5906] 2[6461]3[4439]4[6731] only saving grace is good cap/gain eg
prp1 bought [11000]now 300000 1997 purchased
prp2 ” 125000]now275000 1999 ” ”
prp3 ” [147000]now 200000…

[Read more]

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