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  1. brendio

    Cost to replace Telstra pits

    Has anyone had to replace Telstra pit to change their height? I just got a quote for around $1400 each, which I think is a bit extreme. :eek: I probably can't do much about it though, as there's only one local mob who can do it, and someone from out of town, even if they were cheaper, would add...
  2. brendio

    Bank finance loosening?

    This is a cross post from my development thread that might get more visibility here to stimulate discussion. I got a call today from someone at a bank saying they saw our for sale sign and asking did we want to talk to someone about finance for the development or any other developments we may...
  3. brendio

    10-lot Subdivision Civil Works Thread

    Subdivision Civil Works Diary I have another thread that describes the process up until here. A quick recap is that we moved a 90 year old Queenslander to make way for a 10-lot subdivision. Finally, civil works have begun on site, so I'm starting a new thread to keep the other one from becoming...
  4. brendio

    Dogs and Easements

    I'm cross posting this from my development thread, as I suspect it may get lost in there. I had neighbours sign easement documents for a sewer through their property. The neighbour said they had been advised by their solicitor that they would not be allowed to have any dogs in the yard once...
  5. brendio

    Time-lapse video of house moving

    I've finally got around to editing the time-lapse video I made of our house relocation. I'm quite impressed with the result and thought it deserves a separate thread from my development one. I've made two different versions to suit those with shorter attention spans. Long version...
  6. brendio

    How much roof area can you drain through one 90 mm stormwater pipe?

    I was just wondering if there is a maximum area of roof that you can discharge through a single stormwater pipe out of the curb. Our plumber, instead of piping the downpipe on the front corner of our house out to the curb 10 m or so away, has instead piped the stormwater (uphill slightly) all...
  7. brendio

    Feedback wanted on my website

    I've just set up a web site for our subdivision project to call for expressions of interest from those wanting to purchase blocks. I still have a few finishing touches to put on the website (like changing the header image from the WordPress default), but have made it live now and would...
  8. brendio

    Evidence of value for related party transaction (for OSR and ATO)

    Following on from previous discussions in my development thread and my thread about the trade off between stamp duty and CGT/income tax, we are selling our property to a related party trust that will subdivide the land. I just posted in my development thread: To recap, we obtained a...
  9. brendio

    Compensation for granting easement

    I think my question got buried in my other thread, so I'll ask it again here. Has anyone had experience with approaching a neighbour for an easement through their property to run services such as sewerage or stormwater drains. How much compensation is generally needed to gain their permission? I...
  10. brendio

    Selling House and land separately - Stamp duty and CGT implications

    I got a draft contract of sale from our solicitor for the purchase of our development property by our trust, as detailed in my other post. As brief background here, we are relocating the current house on the property. The property with be subdivided, and then one block sold back to mum with the...
  11. brendio

    Why does it matter if vendor has claimed depreciation?

    Saw this ad. Not one I'm thinking of buying, but the statement stood out to me: "DEPRECIATION NEVER CLAIMED - SUBSTANTIAL TAX BENEFITS" Why would it make a difference whether or not the vendor has claimed depreciation? Wouldn't the depreciation claimable for a buyer be determined...
  12. brendio

    Cash out on LOC?

    Mum currently has no debt, but just applied for a LOC with Macquarie Bank to do some renos on her unencumbered IP (valued at $350k and used as security) and later down the track to purchase us kid's (2/3) share of, relocate and renovate the PPOR (also unencumbered, inherited from grandparents)...
  13. brendio

    Rent The Castle

    The house from the classic Australian film, The Castle, is up for rent.
  14. brendio

    Small scale investment fund

    I have been thinking for a while about managing investments on behalf of family and friends to increase the funds I have available to play with to fulfil all the investment ideas I have. I would like to charge a management fee modelled on that used by Warren Buffett in his early days. Something...
  15. brendio

    Power poles not on lot boundaries when subdividing - can they be moved?

    Realised a few weeks ago after talking with the town planner who will lodge our DA that the power poles along the street will not coincide with the boundary lines for our original plan of the lot reconfiguration, i.e., three blocks will have a pole 8m from one side. Any ideas on what it would...
  16. brendio

    Lobbying council to have playground/fitness facilities installed

    I had a thought while driving home today past a smallish local park set aside when a subdivision down the road was completed. Currently the land is pretty bare apart from a couple of gardens and some trees. I've never seen anyone using the park. Since we will be contributing around 30 grand...
  17. brendio

    Effect of personal guarantees for a loan to a trust on further borrowing capacity

    We're still waiting to hear back from the bank and the mortgage broker about financing for our subdivision project. The lady at the bank said they would require personal guarantees from the directors of the corporate trustee of the unit trust we will set up to lend to the trust, even though it...
  18. brendio

    Stamp Duty versus CGT — whether to pay the State or Federal Government

    As detailed here, my family is undertaking a subdivision project on land inherited from our grandmother/mother-in-law. Rockstar suggested I post in here about our financial structure for advice or scrutiny or experienced property investors. My brother is an accountant and is running through the...
  19. brendio

    Queenslander relocation and residential subdivision

    Finally after much consideration and number crunching, my family (mum and brother and sisters) has finally decided on how to develop a property we inherited from the grandparents. The property is 9105 sqm with a large, lovely old (although in need of a little TLC) highset Queenslander (four...
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