Recent content by Tom84

Hi Guys, Apologies if this has been posted before - I'm looking for opinions on the Central Coast Area. I found this online: http://www.dailytelegraph.com.au/newslocal/central-coast/chinese-investors-funding-major-economic-boom-on-the-central-coast/story-fngr8h0p-1227020642863...

If I have a property that is only rented out to boarders (No official lease) But I have a history of the tenants paying money directly into my account do I need to advise the tax department? I also run a business as a sole trader and wondering the best tax structure as I use the property...

Thanks Jacque! Scott seems very switched on. Have emailed him more info about project.

Anyone in Sydney know a competitively priced Reno Shop they can recommend? It's for a Semi-Detached Townhouse style house. Inner Sydney Area 2 floors. Will need everything from replacing floor boards, Bathroom and Kitchen, patching the large concrete cracks and walls for a double brick home...

Have you considered Harris Park? Short walk to Parramatta station and has a strong history of immigration from India (2nd largest ethnic group behind the Chinese) Long term potential seems strong as this increases over the time, Median Wage is well above average for the Western Suburbs. (Lots...

Anyone know where I could get a low cost option for partition walls? It would be for a Sydney CBD apartment, I think Council doesn't allow any wall that needs to be drilled into the ceiling but not 100% sure. Was thinking those nice French Doors (Sliding doors) as a way around it. I've...

What about private certifiers? If they give the thumbs up for an extra wall can I tell the council I have certificate and cancel any inspections?

I think the previous owner knew about it but had somehow got the council to put it on the back burner until after they had sold the property. The inspector claims the complaint was lodged last year and due to lack of staff they have only now gotten to look into (After I had purchased the...

He said something about an additional wall installed (Ie: a wall installed with a door for living room to become a 3rd bedroom/separate dining. How do I prevent them from doing an inspection as the complaint wasn't against me but the previous owner and his work.

If a local council calls you to do an inspection on an apartment based on a complaint from a previous owner (Before you owned the property) And the complaint was almost a year ago are they allowed to force an inspection of your property? Or is there any privacy laws that can prevent this...

Back when I and was living in Penrith and to buy my first property I used Mick Chardon http://www.chardonabbott.com.au/ via a recommendation from a mentor/mate who was a successful investor. Mick was great and he even gave me his copies of Jans Somersoft books for free! Which is how I found...

Referring to fixed interest rates at the Banks. For example I've previously locked into 3yr fixed Rates with CBA and been lucky enough to call back a few times, break my fixed rate for a $0 change +$50 admin and secure a great new significantly lower fixed rate the following day! At the...

I'm a Westie from Housing Commission background (Now living it up in Sydney CBD working from home and travelling overseas often) Just turned 29, Started at 22. Folio 1.6million+, Debt <1.2mill current positive cashflow after all expenses approx $400+per week. A long time ago the Goal was...

She works and rents a place in the city herself not far from me, Would a handwritten contract be suffice? I rent my other room out under a "boarding arrangement" (basically hand written contract that says 2weeks notice to leave, 2 week bond, weekly rent xxx) etc I'm thinking doing the same...

Hi Guys, I've been seeing a girl who wants to move in with me and pay some board set weekly fee that includes bills (As it will also be cheaper option for her but she will maintain the lease on her property renting out her old room at a profit and could move back to her home quite easy on...