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Have just bought one which was already in a small Apt I bought. Seems OK but of course slower and less flexible, but maybe more convenient as you chuck in your grubby stuff and when you get home it's all clean AND dry. If you have space, hang a separate drier up but the one I have is fine. Not...

Write to your local Minister(s) and to other State Ministers requesting they review the minimum Block size for these Estates (or any any subdivision) I think the Minimum should be 650 -700m 2. They WILL wake up one day and realize what a collossal screw up the recent planning rules have been...

I think Skater got it. You would do the UK Tax under their system - THEN submit the Loss/Gain in your Aussie return assuming you are Resident for Tax purposes. I think the L/G is tacked straight onto your assessable income. I don't however think you can claim losses from offshore , only...

Hi Tony, I think one of the main reasons you may have been told to 'Wind-up' your trust at project completion is to remove any connection between the finished project and your next/new project. All part of the Asset protection idea which is proabably why you are using a trust right ? If...

HI W & G, Sorry for late post BUT have been there and done that. If you do go OS to work, then make sure you have your accountant advise the ATO that you will classed as NON-RESIDENT for taxation purposes. There are some stipulations i.e. you generally have to be away with no immediate...

Dollaman, Sims account appears pretty spot on. When setting this stuff up, just make sure YOU are the appointor. If someone else is, they can 'run off' with your property etc !! The Trustee Company (ATF Your trust) does work as above, as it is the legal way someone would sue anything...

Yep, I think you need a HDT as your 'trading entity' and channel the product down into your FT later. Don't worry, I am also still confused but with the HDT, you can get the gearing benefits but must carry FWD any losses. I used a big Sydney Law firm. They had all out (Trustee Co. + DT+ HDT)...

Tx again for your input Coasty. One obstacle I am finding tough - is dealing with the 'Local Accountants' who have been handling the consortium affairs (...till I turned up). I noted that a previous development deal I was in ( I was abroad for the whole project) was set up poorly, using a...

Remember that "Al Capone' was only busted for....Tax Evasion.

Mainly for Tom, I think the term is 'Misinformation'. Basically you do get some good, but over all, the deal is negative. How about I sell you THE BEST property in Sydney for say....$500 Million ! The actually value maybe only $25 Million. Would you be happy to wake up realising you have...

Thanks Coasty and SC for your input, I have actually engaged a 'big gun' tentatively to get cracking on this, but I am having some difficulty getting the partners 100% on board. Hence my Q's re:Pros & Cons, and whether slotting SMSF into the deal is possible/effective. I am trying to get...

Hi All, I am in a consortium of approximately 9 people, and we are about to go into a Property Development of medium size. It was recommended that we use and Unincorporated JV, to run the 'project' (With A Nominee Company). Reason for using a UJV is to avoid 'purchasing' the land as the...

Vote for Helen Clarke Hi yall, I will Vote for a Party which has the brains to 'DISTANCE' Australia from the USA and their moronic and corrupt administration. Am afraid that we (Australians) will be dragged along to become enemies of MOST other nations, especially very angry ones whom...

Thanks All for your replies & comments. Understand my post may have been a little inflammatory but under the circumstances, it was like tightening the noose on someone you know had it coming. Emotional ?? Yes for sure. wouldn't you all be happy of such a significant victory where a wrong doer...

HI Mods, Curious why my comment(s) were pulled off. (Posted around 27/28th Nov) Too harsh ? Though if so - could've been relocated. I figure it's important to share such information as so many potential property Investors have been hurt by Henry Kaye and his crew. Wasn't intending...

HI Mmerls, It seems most new investors go for higher returns as they need to service the loans etc. If you are on tight budget without much excess cash to backfill a lower rental IP (Such as the one advertized) then you need to go for the better yields. My old trick is to check that the...

HI Bonecrusher, As I'm not really familiar with Adelaide, can't really offer specific advice. It really depends on whether you have a 'higher' end property or not. Generally, the good quality stuff will retain good tenants with solid rentals. These properties are less affected by turns...

Hi CAD guy, Some good advice above. Another thing you can do is to ask to go back with the REA and ask if you can sit with him while he calls the Vendor. Spend some time with the REA and let them know you are serious without becoming a PITA (pain in the A.@#&%$) of course. Ask what...

Hi Sergio, Have exp. in the area you request. 1. Tax - if not already, you probably should be registered as NON-RESIDENT in Australia for tax purposes assuming you are out for a reasonable time. As such your foreign income should not be assessable in OZ. The double edger here is you...

You may also want to clarify in the contract (when you get to it) that all income and expenses - such as maintenance etc apply from a specific date (i.e. NOW !) would be yours - not your parents. You could draft a simple agreement to this effect now and have all parties sign and have it...