Don’t lend anyone money.

On that link you provided the capital growth was listed as negative 8%.

Sorry Fred, I meant the 25% deposit which would be more $42k according to your calcs. You have to work out what you would get investing $42k elsewhere and then compare this to what your return on this property would be.

In terms of building a portfolio you have to consider serviceability. How many loans could you qualify for before tapping out.…[Read more]

If this is the case what is the point in investing in this property? What will you get in your pocket? each year. How much after 5 years?

Where is the $25k deposit and costs coming from? Have you factored in the interest on this? Even if cash it would mean an opportunity cost.

Firstly are you able to sub-divide before building? Your question above should be addressed to a town planner, but in the first post you appeared to mention transfer of titles. This has implications which should be put to a lawyer.

If you had all of your loan contracts properly signed and returned before the bank’s cut off dates then it may be their fault and they may pay. If not it doesn’t appear their fault, but they may still pay – all or part.

I haven’t read your post, just skimmed it (too long) but research ‘deed of partition’

You should see a lawyer for advice before starting as there are strategies to save stamp duty and potentially CGT.

Yes. But not just intention, but the events themselves. So if you intended to buy land construct and sell then this would probably not be taxed as a capital gain, but income. If you can demonstrate you intended to hold, and took steps too, but circumstances changed, then it might be taxed as a capital gain.

Don’t forget GST too.

contract date for the land generally.

You can’t sue a company that no longer exists. Where a company is deregisered and it owns property this property vests in ASIC http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s601ad.html

Apply to the supreme court to appoint a trustee and have the trustee force a sale of the property. This is needed because both parties are needed to sell. The other owner could also be dead. If that is the case their executor needs to be tracked down, or someone has to apply for probate or administration. Their estate can be sued for their share…[Read more]

parties can only charge what is agreed to in the contract. If the contract was a NSW standard contract of sale then the vendor can charge the purchaser interest for late settlement. After 14 days they could even rescind and keep your deposit – subject to the exact agreement. Other states have similar issues. So you may have got off lightly. I am…[Read more]

This may be a mixture of tax advice and general property advice (no licence needed for this). There are some financial planner type companies that supposedly specialise in property related advice, but the fees for a ‘plan’ can be $3000 upwards.

Why not just put some details on the forum for general suggestions?

If you use your deposit it will be difficult to double it. You might end up with none for your settlement.
Also from a tax point of view you will have less deposit and therefore need to borrow more for the home and the interest on this would not be deductible.

Funny you should mention ‘loan structuring’ as I own a mortgage broking company called “loan structuring Pty ltd”. I am based in the CBD.

Pass mark is generally what you said the property is worth, as well as there being no adverse issues such as being uninhabitable and/or high risk ratings.

Also consider a trust is not the only option. A not at risk spouse may be an appropriate owner. This can also be set up where there is little to no asset protection or set up well with stronger protection – against creditors, but new family law risks emerge.

1. could be exempt if you choose (optional)
2. If you choose to exempt the melb one

2. Any new main residence could be exempt.

1. could be exempt if you choose (optional)
2. If you choose to exempt the melb one

2. Any new main residence could be exempt.