Recent content by smp7

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    Conveyancer gold coast

    Thanks for your replies. I've used cheap solicitors well under $1000 in Sydney with zero issues, it's only QLD that never stick to there fixed quotes:mad:
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    Conveyancer gold coast

    Can anyone recommend a good cheap conveyancer on the Gold Coast? Every time i purchase i receive a fixed quote & then there's a cost blow out for reasons like it's the start of the new financial year all the search cost have gone up. I thought PEXA was supposed to reduce the cost but the...
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    DIY selling

    I used forsalebyowner, no problems at all and saved big time selling private,sold for more than agents valued my apartment at. Agents aren't required and i think within 10 years very few people will use them:cool:
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    Conveyancer Gold Coast

    Can anyone recommend a good cheap conveyancer on the Gold Coast? last time i used ConveyanceCo who quoted me $950 but blew out to $1,300 and then claimed they discounted there cost:mad: A conveyancer in Brisbane would also be ok.
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    Brisbane Property Prices next 12 months

    Well done Sydney's infrastructure is going backwards very fast having a very negative effect on people's quality of life. I've bought 3x units in 18 months on the GC all with above 6% net returns. Will sell my unit in Miranda, Sydney and purchase in Tweed Heads and retire at 42y:D
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    Brisbane Property Prices next 12 months

    Being from Sydney i know of people already cashing in on Sydney Inner West, South Sydney & city properties, then looking for property on the Gold Coast and having substantial cash left over which would take a decade to save. This is exactly what happened in 2005-2006 and then boom and then as...
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    Where to buy versus land tax

    Made some calls today to find out the land value my strata unit as above (see pic) Land value FY ending 2013 $9.5m 2012 $10.5m 2011 $13m This is to be averaged over 3 years Contribution Entitlement...
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    Where to buy versus land tax

    Taxable value Rate of tax $0?$599,999 $0 $600,000?$999,999 $500 plus 1 cent for each $ more than $600,000 $1,000,000?$2,999,999 $4,500 plus 1.65 cents for each $ more than $1,000,000 $3,000,000?$4,999,999 $37,500 plus 1.25 cents for each $ more than $3,000,000 examples 1...
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    Where to buy versus land tax

    Thanks Ace, land tax is a joke. From what i now understand with apartments is that they do a land valuation every year and divide it by how many lots. Example:Land value $4m divided by 120 lots = $33,333 per lot. But what if someone's apartment is 160sqm and another is a studio at 40sqm...
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    Where to buy versus land tax

    Thanks Ace in the Hole. Are your properties houses or strata title? Our government creates all sorts of complex tax issues when investing, really pays to research before buying and to make things worse it varies state by state:mad:
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    Where to buy versus land tax

    Thanks Jason for your reply. I'm currently trying to research the pros and cons of being an individual owner or setting it up as a trust. Also trying to research how land tax is calculated on individual units on strata titles, maybe the 3 apartments i own are only valued @ approx $80,000...
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    Where to buy versus land tax

    I did find something but have never received a valuation notice, i will call the Douchebags tomorrow. http://www.dnrm.qld.gov.au/property/valuations/annual-valuations What if I didn?t receive a 2013 annual valuation notice? If you didn?t receive a valuation notice, the reason could be...
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    Where to buy versus land tax

    Hi 1911naomi, I'm in a similar situation and already own 3 apartments on the Gold Coast and want to purchase another BUT I'm worried that the land value will exceed the $600,000 threshold and will have to start paying land tax, or i can purchase in Tweed but the rental yield are much lower...
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