Hi Guys,

Something that i am doing might help you….I realised the fact that not all of us are fortunate enough to have mentors in our desired field. Am coming from a NO NO Real Estate background, however listening to property sucess storeies of people around me, i have made up my mind, decided what i want and spending time on these forums and…[Read more]

Hi MLV,

the rate of CGT depends on how have u structured your IP’s. have a look at CGT on the ATO website.

Cheers

Getting started into the property matket is a good step.

You need to do good research in terms of:
1. What u wanna buy (IP or Home to Live), & what price are u willing to pay and loan.
2. Do a through research with the estate agents, council, once u have decided the property, try to find comparable sales figures so that u have a fair bit of idea…[Read more]

Hey… This is another one that i find usefull….
http://www.quartile.com.au/property_optimizer2004.htm

Thanx G7. This suerly does help me and will keep in mind on how to handle the Coincil Heroes

Hi Guys,
I have a similar question, as to what factors does the Council take into account for approving a building permit. I am thinking of buying a house in a big block, and then get some building permits approved to build 2-3 houses on that land. Before i buy, how can i know that the council would approve my permits later on?

Thanx Guys!

Yep… Have been thinkin on this issue for long and am glad for your quick response. Am a bit more inclined towards IP, hopin to get some tax benefits + property value grows in time.
By the way, for a IP, other then depriciation, what %age of rebate ie. taxable income can u claim off ur loan payments?