Recent content by blahblah

tax on equity Well, I also have a question regarding the tax on equity. Understood that the tax or CGT will only be calculated once selling the IP. However how to calculate? For example, bought a IP around 300K, then after few years, apply for the equity around 40K, then after some years...

It is a 2 bedrooms house. Just finished the renovation. And from the s32 it seems it is currently under a company name. Will book a time for inspection this weekend. It is asking for 330k to 350k.

I am currently interested in 1 property. But agent told me that it has been renovated and is on a subdivided allotment. What does it mean to me? Anything I need to double check?

Just have a little chat with the agent. He said after the purchasing, title of the property will be changed under my name, and there will no issue if it will be sold later on. So based on this, I think the company title should be fine. Right?

Just received the S32 on 1 property. However it shows a company name in the document. Does it mean the property is under a company title?

It is a townhouse. It is in between the other 2 units.

Did a inspection over the weekend, and interested in a property. Was told that this property has NO body corp. What does it mean to me? Obviously there is no body corp fee, however how about the downside? Any thought?

When should I book the building inspection? Just after submit the offer or till vendor accept the offer? Same question for applying the home loan... I am just not sure how to put in Subject to Inspection and Subject to Finance. 7/14 days after submit the offer or after vendor accept the...

I am currently interested in a property in Reservoir VIC. However it is close to Melbourne water reservoir. So what should I pay attention to? Or anything I should double-check?

Thank you for all the reply. Just received the S32 on this property. On the planning certificate, it mentions the Heritage Overlay (HO79). What does it mean?

I am currently interested in a unit. Everything looks ok. And I plan to sell it after 10 years. However it is about 30 years old now. So is that too old for a unit? Normally how old a unit could be? :confused:

Hi can anyone recommend a good building inspection service provider in west of Melbourne? And when should we have the building inspection? Before or after making the offer?

Hi: Anyone can explain me about the offset account? Understood the offset account is used to reduce the balance on mortgage account and therefore reduce the interest paid every month. However is the money in offset account being transferred into mortgage account? If not, is it better to...

Hi, just have a question around the equity of the property and how to use it to buy the other property 1) How to calculate the equity of properties Value of the properties - the balance in loans OR Value of the properties * 80% - the balance in loans 2) How to use the equity I heard...

Can anyone recommend a nice home and land package provider or builder? Any one has the experience with porter davis or burbank? I heard that porter Davis has poor customer service? Any suggestion about choicing builder?