Recent content by daniel cunningh

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    Gladstone QLD - How is it Going????

    Of the Vultures i'd consider changing PM. Have 2 houses in Gracemere that have become vacant in the last year and the longest they were vacant for was 2 or 3 weeks. Vacancy rate is down from 9% to about 4.5% last time i checked (gracemere anyway). I'd hang in there. My property manager is...
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    Confused! GST, CGT, none or both?

    +1 for getting professional advice in such complex matters. Met with Paul today and after running all the figures it ended up being an easy decision. If anyone needs some guidance i would highly recommebnd him. Cheers Dan
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    Confused! GST, CGT, none or both?

    Thanks everyone for the help. Will go and see Paul next week to try and get it all sorted!
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    Confused! GST, CGT, none or both?

    Thanks Paul and Terry, So based on your replies it seems that we would be liable for both GST and the profit would also be taxed according to our income threshold. What a rort! This would basically halve the profit! So my understanding is GST is avoidable if we hold for at least 5 years...
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    Confused! GST, CGT, none or both?

    Hi Paul, Thanks heaps for the reply. We have definitely learnt the hard way that tax advice is best sought out prior to purchasing. We will know for next time! We assumed that we would have to pay CGT on the original house as it was tenanted. If our original intention was to buy the...
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    Confused! GST, CGT, none or both?

    Okay. I'm very confused. A quick run down: My partner and i purchased a 4 bedroom house in 2013. The house was on a large block and came with plans for sub division of the block (1 into 2) and plans for a new house to be built on the new block. Tenants moved straight into the existing...
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    muswellbrook - positive signs?

    Truly exotic you said it was 'all good news' but 'none of it is positive'. I'm a bit confused??
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    muswellbrook - positive signs?

    Theodore, was just looking at it as positive news for those of us already invested up there. Everyone has taken a bit of a hit in the past year or so and this is the first positive news in some time. I still think long term things will come good. TMNT totally agree. Why would you purchase a...
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    muswellbrook - positive signs?

    Hey all, Just wondering what peoples thoughts are on Muswellbrook after a few positive announcements in the past few weeks. My feelings are that it is at the bottom after copping a bit of a hammering over the past year or so. I've noticed a much more positive outlook in the local papers...
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    Rockhampton, QLD Which Suburb

    Doober, Not sure of vacancy rate as a % in Gracemere but last October there were around 240 vacant rentals which has come down to about 130 last time i looked. Still not great but an improvement none the less. My friends place became vacant a few weeks ago and he has already found a new...
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    Muswellbrook

    Edward Higgins have always done a good job for me. Got a tennant straight away and always keep me informed of what's going on
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    Muswellbrook, top 10 hotspotting

    A bit of positive news for those holding property in the area http://www.abc.net.au/news/2014-05-08/mangoola-mine-expansion-gets-green-light-from-pac/5437926
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    Opinions on Sydney

    With all the talk of the market slowing down, interested in peoples opinions from a selling point of view - if you were in the process of a build/reno would you be in a rush to finish and get on the market this year? Any Northern Beaches experts? Halfway through a new build/sub division...
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    Muswellbrook, top 10 hotspotting

    Interesting article on muswellbrook yesterday http://mobile.abc.net.au/news/2014-04-28/embargo-boom-bust-muswellbrook/5355962
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    Muswellbrook, top 10 hotspotting

    Totally agree jameso. What's happening with the my pleasant mine? I know it got postponed but haven't heard much since? Cheers
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