[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

July 6, 2016 - 8:55 pm

Hi Redwood, would you say in general terms that one would pay a decent premium for a property that already had approved plans and permits, over one that didnt?

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

October 20, 2015 - 10:50 pm

http://www.realestate.com.au/property-house-vic-craigieburn-120824081
Something like this would be perfect for you,if you look long enough and hard enough the bargains are still there.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

October 4, 2015 - 9:45 pm

Thanks for your replies,will suss it out.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

June 19, 2015 - 10:55 pm

The 20% deposit may have something to do with this? Particularly if through Bankwest.
http://www.smh.com.au/business/banking-and-finance/banks-put-brakes-on-investor-lending-20150521-gh6imi.html

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

June 16, 2015 - 7:54 pm

For what time period can a loss be carried forward? Is there a limit of financial years?

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

May 13, 2015 - 5:08 pm

Thanks Terry,my understanding now is, if sold in under five years GST would apply,and profits after GST and costs would be added to taxable income for the year. If sold after five years of being rented, no GST would apply and CGT should apply instead of income tax. Seems a better way if can afford to hold them for six or so years.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

May 11, 2015 - 8:37 am

Thank you both for your replies and clarification, i will look into it further and add in CGT to the calculations.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

January 18, 2015 - 4:24 pm

To do all that for a nice finish level for Kilsyth i wouldn’t expect much change from a million. Also factor in selling costs,and taxation.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

August 18, 2014 - 3:19 pm

Thanks.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

August 18, 2014 - 3:03 pm

Terry, is it rarely that a client will be audited? Or rarely that reason is applied to said audit?

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

August 10, 2014 - 2:15 pm

I think a lot of these “professionals” do not know the laws and codes they are bound by,nor the limited scope of their own profession. As always,it is a case of buyer beware,and choose the teams around you carefully.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

August 5, 2014 - 9:24 pm

I won’t be surprised either Colin. I read the other day that the ATO was going to run head on against developers playing with using cgt within trust structures and not declaring profits as income,logical next step to me would be interest only loans and assessing if they are fit for purpose as deductible expenses.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

May 1, 2014 - 8:58 pm

Thanks Terry,finance issues with the trust might turn me more towards the way the new guy did it,keep it in my name and work it all out in 18-20 years.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

April 25, 2014 - 5:28 pm

  Thanks for the replies. JacM, as you said property isn’t the only investment,but over the length of time we are planning on,it looks to be a good one. On the trust issue would it be worth setting one up just for one or two properties?

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

January 7, 2014 - 1:37 pm

Congrats,sounds good. I have been watching with interest, will be good to see the finished product.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

December 24, 2013 - 4:18 am

How is the development progressing Oscar?

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

August 8, 2012 - 9:41 am

Maybe will take some getting used to, but to a point i agree with Freckle above,the old site was far easier to navigate,if not looking quite so fancy while doing it.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

August 8, 2012 - 9:38 am

Admin wrote:

Level 8 Badge

Yes – sadly, we needed to get rid of the old level system to make way for all of the new badges and achievements.

The good news is we've given everyone who achieved a level 2 or above a new badge to commemorate their achievement on the old PropertyInvesting.com website.

This badge is the Mayflower badge. (Why "Mayflower"? Because you're among the intrepid pilgrims who made the voyage to our brave new site )

There are different "levels" of Mayflower badges too – level 2 to level 8.

You're a level 8 Mayflower – one of only 11 people who earned this achievement (including Derek, Qlds007, Terryw, Dubstep, and a few other top contributors.)

Only 11 people will ever hold this badge. New users can't achieve it. So you're in fine company here.

BH

P.S. – One enhancement I have on my own wish list is a way to display the badges next to your profile in the forums – like medals of honor worn on you lapels. I'd like to know you were able to show off your achievements on the site easily. Perhaps make a few other members jealous

So i'm one of only 11 to hold the level 8 mayflower badge? Must have too much spare time

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

July 26, 2012 - 10:35 pm

   When i ripped out some plaster walls the cheeky builders had signed their names and the date on the stud frame, not a recommended way to find out though lol.

[Solomon10Participant@solomon10Join Date: 2010Post Count: 135]

July 19, 2012 - 10:39 am

Guns don't kill people, people do.