Recent content by scientist

Thank you! Besides the CGT aspect, is there any category of mistakes that often come up as a result of client inexperience?

I have 4 IPs and a small business and I need an accountant to look after everything for me. I'm very hands on and each year around tax time I submit a large excel spreadsheet detailing all business expenses / employee wages / wages to myself / property deductions etc. I like to fine-tune...

Just heard on the radio the other day unemployment figures were better than forecast... I think it's the end of the boom, prices will begin to level out as interest rate cuts will cease and eventually begin to rise maybe beginning 2016 onwards. Do I think it's time to sell? Yes. Am I brave...

Sorry... bought one in March. I live in Sydney though, Melbourne just seemed cheap at the time (still does).

These possibilities make me nervous.

well if I didn't want to get a mortgage on it I probably also wouldn't find out. The bank is keen to get the title in my name before they fund my loan so that's holding things up for me.

I bought a property and went through all the usual hoops. Settlement was 23/4/15 and I paid using my own funds so the property is unencumbered. It's now 15/5/15 and I'm still waiting for the solicitor to register the transfer so the title would have my name on it. Everytime I call the...

A studio is a complying development and has a max area of 35m2 under current SEPP rules I believe. It is defined as 'habitable' under the SEPP. So my question is, pushing it to the limit, can I have THREE unrelated tenants on one title block of land, occupying main house, granny flat, studio...

bump... any comments?

Great! thanks for the replies I think you're all saying basically 'go for it, if it's the best use of your money' The issue is I've paid off my home and I've got access to something like 700k of cash and I can possibly refinance for more (my portfolio LVR is something like 60%) so the issue...

I'm gonna refer to that storm when the questions start to come...

I own an IP in Fairfield and I'm at a crossroads of whether to build a GF or not. The payback period should roughly be 7-8 years conservatively estimating. The asset should yield roughly 10% net sustainably, which is a great yield (what shares can beat that?) I'm about to make a decision -...

I've done some research and seems like most companies charge around $120k for a turnkey 60m2 build. What are people actually paying for 60m2 granny flats today? As this is an investment property, I'm only concerned about numbers (assuming the build is done to spec and won't fall apart after a...

I think that's hilarious. True, but hilarious.

I have 2 natives and 1 non-native that is over 5m tall in the backyard that needs to go - it's putting too many leaves into my gutters and also the roots are blocking my sewers every several months. What are the changes I can get them removed with approval? If I can't do it by the book...