Recent content by SUNNYBILL

Obviously you have not been to Perth in the last 2 years. Things have changed dramatically. You have a large choice of places to get a coffee and eat on a public holiday. There is a vibe in the city that was not there previously. Actually reminds me a bit of Sydney, just more relaxed and laid...

NZ finance tightening did nothing to stop the market they were most worried about (Auckland) powering ahead. Now they are bringing in loan restrictions just targeting property investors in Auckland as per the link below. Auckland median is now NZ$828,000.00 ...

I saw this article in the link below in the Perth Sunday Times. http://www.perthnow.com.au/realestate/news/perths-super-home-built-in-just-10-days/story-fnhlgriw-1227386292115

Shadow I really appreciate the information you have provided. It helps put things in to perspective looking at the data. Being an immigrant myself I am still seeing a lot of immigrants settling in Perth for lifestyle reasons. With overseas currencies slowly starting to correct back to normal...

A couple of years ago New Zealand no longer allowed depreciation to be claimed on the actual building (capital allowance). This has resulted in reducing rental losses so more tax for the government. It has not affected rents or the market as a whole. While on the subject of tax, I could never...

I have built many new houses (7) through builders in Perth over the last 12 years. My advice would be. (1) Get a design you like and shop around with all the major builders to see how much they will charge to build it. (If copyright is an issue they can make slight changes to get over this)...

Based on the circumstances in this case, even if it was a first development it would be hard to argue it is not on income account. Also GST would apply.

WA in massive strife!!. Most of the wealth was stripped away from WA and shipped over East. Percentage of GST take given to WA was a joke. All this will now change and I suspect it will have a huge impact on all the other states. Personally I don't think the downturn in mining has had a huge...

That's not how the City Of Joondalup see it. I spoke with a building inspector who advised you cannot use a sea container even if it is insulated and clad.

For construction of residential premises. The City Of Joondalup policy is below. They advise me other councils are following suit or already have similar policies. Responsible Directorate: Planning and Community Development Objective: To guide and control the use of sea containers within...

Great article on differences between Aussie and NZ economy at link below. http://www.watoday.com.au/business/markets/currencies/currency-world-cup-new-zealand-dollar-closes-in-on-parity-with-the-aussie-20150402-1m74tt.html

You pay income tax on a capital gain. It is included in income tax return(s) depending on the entity that owns the property. . My strong message is to see an accountant if you are thinking of selling your IP, as you can save a lot of income tax by doing tax planning around the event.

Quite a few councils in Perth are banning any use of shipping containers in residential areas.

Don't sell it. Draw on the equity. :):):):)

The exchange rate is almost dollar for dollar between Australia and New Zealand. This would normally be A$1 equals NZ$1.20 so when the exchange rate moves back to what is normally expected then you will lose money on your investment. NZ economy is booming because they have a great prime...