Recent content by T&T

Thanks for your responses. It's in a desirable residential area so has potential to make money as apartments. It has toilets and a kitchen but no showers or laundry.

Am doing some investigation of a property that is zoned residential but is currently office space which is council approved (according to agent but haven't checked yet) with a view to making into apartments in the future. Would there be any possibility of getting residential lending on...

Thanks for your thoughts - haven't clarified how much the vendor needs

Currently looking at a property where the vendor needs the cash from the sale of the property and wants to rent back for 12 months at which point we would renovate and resell. Is there any way of doing this without taking ownership of the property and thus avoiding paying stamp duty? Any ideas...

Investor's Choice Hi Rixter If you want really good value for money try Jane Slack-Smith from Investor's Choice. We attended a reno course she ran in Sydney recently and she really knows her stuff - she's got a substantial property portfolio and is also a very knowledgable mortgage broker...

This was also with zero renovations so pretty happy with it. Am planning to refinance and buy again soon.

Just got a valuation back today for $400K on Darlinghurst unit bought 2 years ago for $297K. Pretty good growth in a flat market and not a bad return - have just got a tenant in for $460 per week.

Thanks for the replies My understanding, and I hope that I am wrong, is the following: If I buy a place which is tenanted at settlement then the following applies: Tenant lives in the property for 6 weeks - I move in for 6 months - Move out - Use property as IP for 5 years CGT is...

Currently looking at buying a property with view to use as PPOR and then convert to IP and utilise 6 year rule. The property has a current lease which will terminate 6 weeks after settlement. After speaking to ATO my understanding is that you have to move in on settlement to be eligible...

We have a 3 brm 2 bth townhouse in Coomera bought 3 years ago for $188 rent $205, now rents for $275, could go up to $295 next lease. Have had some turnover in tenants but zero vacancy and bc fees have gone up quite a bit in this time... Value stayed pretty much the same until just recently -...

Thanks for this. The property is in SA. We have a copy of the lease agreement with the rents at $200 per week for each side. This rent seems higher than average for the area. Don't know if they pay on time or not. One side was immaculately kept and the other was pretty messy.

We have had a verbal offer accepted on a duplex in which both sides are currently leased on a private agreement until July 08. What happens with the lease agreement when we buy the property? We would like to go through a property manager rather privately as the property is interstate and...

This is an interesting one...made a written offer today on a house in South Australia for $17,800 over the asking price, sight unseen. The agent just came back saying that the offer was unsuccessful and that the vendor has accepted an offer $10K under ours because the other buyer has seen the...

I put in an offer in writing for the full asking price of a property yesterday. The property went on the market last Friday and is due to have the first open house this Saturday. I made the offer with an expiry date of this Friday at 1pm in an attempt to take it off the market before the...

At what point does travel to inspect a property become a tax deduction? Is it at signed contract stage, settlement or date of earning rental income?