Recent content by noddy

With the 6 year CGT exemption, are you allowed to claim depreciation still? Normally depreciation adjusts the CGT base cost, but with CGT exemption, how is depreciation handled?

Macca, The $660 SMSF Accountant..happy with the rest of his services? Any contact details?

Great story!! Quiggles, how high LVR have you managed to go with your new LLC being the borrower and how many properties will the lender(s) let you get? Have you found any other better lenders since your initial search that offer higher LVRs/lower rates/higher borrowing capacity? Did...

Hi Duncan, Owner building 9 units...The building authority allows it or is that they are all on one block??

Any other local council involvement?

Hi Duncan, Thanks for the info. How long is it taking and did you need plans for the blocks before applying for the community title carve up? GST and CGT info I am finding from other threads as suggested. Whilst I am asking, does anyone know equivalent Perth costs for Strata title and...

I am looking at understanding the developing option in more detail and realised I know little about the sub division/unit overlay costs of converting a 1 title block to allow for 3 units. I was looking at a block in metro melb for $450K with the possibility of a 3 unit development. I know the...

Its Finance time!! Does anyone know of any low-doc loan providers with 100% offset facillities? Any idea of the DSR calculation used? Noddy

Rolf, I'm also trying to understand the "Cash Out" limit of $150K statement as well. Can you please elaborate?? In layman terms what does this change really mean? Noddy

Just to clarify.. If I move out of primary residence today and rent it out tommorrow; then I paint the inside and render the outside in a months time, and then sell after 3 months, the depreciation on any capital works can be claimed as well as the full cost of deductions such as painting...

AL and MY, thank-you both for continuing to share the information you do. My desire to develop has certainly gone back to the learn-much-more stage. On Part "C", why was the obviously more difficult "Tenants in common" finance required and why should you have known this? (I've never heard it...

I've been reading this thread with interest and interested in the final outcome of this as it is unfortunately very interesting and insightful. I was thinking about the viability of developments and the "fair profit" statement and just how viable these projects are these days. I was...

Hi Rolf & Rolf, Thanks for the replies. Time to read the fine print. Noddy

I'm looking at doing a property refinance in 6 months to get some extra equity but may want to do a change of director (swap wife to be director) in 3 months for a new venture starting up. How does it work if I change the directorship in 3 months? Does the bank ask for a new guarantee to be...

In all the property presentations, I see the 90% of retirees will depend on the pension. With the workers/retirees ration dropping from 20-1 ten years ago to 5-1 now and expected 1-1 in ten years time, maybe we should be looking at the 70% who we think can fund themselves. If the govt has...