Recent content by Mick A

Appartments off the plan I live in Canberra and I am continually studying the local market. I would be extremely cautious purchasing off the plan at this time. Based on projected population increases and the amount of apartments in the pipeline, in my opinion prices could be flat or even fall...

Hi all I sent an e-mail to my buyers agent with information from the replies and some extra research that I conducted. I asked the agent to justify his reasons why I should accept a low yield for what appears to be a suburb that will show at the best case only average capital appreciation...

Dear Sunstone and Brisbanites Thank you Sunstone for your informative reply to my question. The property is 1.21KM from the mall and approx 1KM from a primary school and nearly 3KM from a railway station. From my research the capital growth for Rochedale has been below the QLD average...

Has anyone researched Rochedale QLD. I have a buyers agent looking for properties in the Brisbane area for me. The agent located a three bedroom house in Rochedale asking price $217K, the real estate agent said that, it would achieve rental of $210 per week. At $210 per week the yield is...

As a resedential property investor, owner etc, it does not matter how many residentail properties you own or how much income you receive from residential rent , you do not need to have an ABN or register for GST. Residentail rent is input taxed and you cannot claim a GST credit for any...

Hi all I would like any opinions on the purchase of Pensioner Rental Units. Background The units are located in a bayside location in Brisbane. The complex consists of 83 one bedroom fully furnished units, with two community buildings - recreation and dining and on site management...

Napier & Blakey in Bris PIppety I used them for a property I purchased on the Gold Coast approx two years ago. From memory the cost was $350.00. In my opinion and my tax agents, Napier & Blakey prepared and produced a professional report, that icluded all depreciable items. My...

GST - Who,what,when,where,why... Macca You can chose to apply the Margin Scheme provided that the supply to you was not a taxable supply. If you acquired the land from an entity (or individual) who is not registered to charge GST, then the supply to you is not a taxable supply, therefore...

Just to set the record straight. If you purchase land that the vendor has chosen to use the Margin Scheme, you may also use the Margin Scheme when you sell the land. The GST calculation would be: Selling Price: $800,000.00 Less land...

From: Michael Abbey I have just received an offer to subscribe to a quarterly magazine from Astorb (Australian Strata Title Owners Reference Bureau). The offer is to subscribe to a quarterly magazine titled Strata Reporter. The subscription is $89 (normally $139). I an interested to hear...