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Thanks again Paul for your detailed answer. Seems we all have to be more careful in the future. This Airbnb situation will hit the fan soon. There are over 30,000 people in Sydkong letting rooms out at the moment.

Seems you lose part of your tax free concession when renting out a room in your own home. And you get taxed on the rent received Seems like double taxation to me? Are people who rent out on Airbnb aware of this? Has anybody been hit by the ATO and lost some of their capital gains for...

Paul . Thanks again for your detailed answer.Seems to be a blurred area. Seems Millions of people in Australia who do some form of business from home are unintentionally open to losing some of their tax free capital gains.

Thanks Paul. There is no intention of claiming operating costs. It is only used for a few hours a week. Seems to be there should be a distinction between somebody setting up a commercial operation such as a nail salon or dentist and a person who invites a client into his home study for a...

Can you run any small advisory business from home in your study for a couple of hours a week without it affecting capital gains tax on principle place of residence? ATO does not seem to cover it that well. It talks about a business of convenience. Does anybody know what that means...

I put14 days. Forgot about public holidays. Can i add them on?

Does a subject to 14 days finance clause in Qld include weekends and public holidays? Or is it just working days?

In Qld a contract does not does not become binding until the signed contract is returned to the purchaser or his solicitor.. A purchaser can't act until he has a copy of the contract. NSW might be different.

In QLD a contract becomes binding when both parties sign and the contract and it is returned to the purchaser or their solicitor. Five days cooling off starts from that day. What i want to know is when does the 14 day subject to finance clause start. It seems logical that it would start on...

Sorry Rob Mean separated but not yet divorced

Do separated couples who purchase a second home after separation obtain tax free capital gains on their principal place of residence for both homes?

Dave Strata

I have trouble putting a value on small blocks of residential units. 6 to 12 units Is there some sought of rough equation i can use combining, land value, building value,return to give me an idea of value?

Good point Scott

Thanks Chris for your advice..Some of the worst sales people invite low ball offers. It achieves nothing except condition owners to accept a lower offer. The best salesman i have met dismiss low offers by calling for offers above, this educates buyers to pay more.

Hate range pricing. Why on earth would you put a top figure on your property? Unless it was well above what you want.IMO a 580K to 630K price range would only kill the sale if i wanted 620K.It might work i Sydney in a hot market. Leaves you very little room to move. Offers above leave you much...

TMNT Take your point.. Same tends to apply to any set price where the offers come in well below set price .and if you set your price to high to compensate you won't get any offers . Jake . I think your bottom price and top price are to low. Why put a top price on it? It just restricts your...

I want to sell my house privately and was wondering the best way to set the price when marketing the property If i want say 620K. Is it better to market the property at OFFERS UNDER 650K. or TO ASK FOR OFFERS OVER 600K with a set time frame I tend to prefer the later which is a similar...

Having half a dozen large franchisors control the bulk of the business in Brisbane creates a cartel where the commissions are held at artificially high levels . More so at the top end of sales. Agents should be made work off a set fee or hourly rate .People selling properties of over...

Go Geko charges a set fee well under $10,000. I think about $7,000 and provides all the services a normal agent does.It doesn't matter whether the property is $100.000 or a million dollars. The fee stays the same . If they can do it so can you and every other agent.Their are other agents that...