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Just wanted to get a sanity check on a number of calcs I did to figure out if subdiving and building 2x townhouses on a Melb metro block stacks up... here it goes.. Land value: $640k Build cost per townhouse: $272k (approx. 160sqm @ $1700 per sqm - mid level finish incl all professional...

Interested in building townhouses in this style.. Does this generally cost more eg. Mansard roof etc. Looking for some recommendations for architects in melb who can do this style.

Hi all, Its finally coming up to the stage where I am going to enter the development game. My plan is to build 2x townhouses on a nearly 700sqm block in Melb. I am organising financing to cover the expected cost of 250-300k per townhouse. Block is approx. 16m x 42m (16m is the footpath...

Often touted by the mainstream media that Melbourne will overtake Sydney as Australia's largest city sometime in the next 20 years. Common reasons brandied about are that Sydney is bounded mountain regions on all sides hence cannot easily grow outwards therefore they can only grow into higher...

I have a home rebuild (as part of insurance claim) in nrth east melb starting up in early July - building is 3br brick home of approx. 180sqm. Project value is approx. $300-400k. Block is gentle slope. I have a full scope and specification doc (and floorplans early next week). Looking for...

My IP was destroyed by a fire last month and now it's up to the rebuild tender phase so I am seeking some advice on best way to approach this... Building surveyors report will come out in the next week which outlines the scope of the rebuild (sqm, level of finish, features) Then the...

Hi all, Going to embark on a townhouse build.. Scope approx 185sqm $300-350k budget in North East Melbourne. Typical tenants in this area is families (school is walking dist and uni students.. Uni is 2min drive). Block is close to 700sqm. Plan is to build.. Rent (claim depreciation for few...

I have around 700sqm block which is in the process is being demolished as part of insurance claim.. The insurance company will rebuild the original house and pay for loss rent during the construction phase. After this is built, I am interested in subdividing and building a townhouse in back...

Hi all, Recently my IP (in melb) was burnt to the ground. Ongoing investigation strongly implies the tenant is to blame however the final report isnt due for a few weeks. So sadly, my 1st and only IP which I held for 7 or so years is a pile of ashes and molten plastic. :mad: Anyhow...

Hi all, Can someone give me a simple breakdown of building costs for a 300k average new house in Melbourne. This will be going on a 700 sqm block (potentially might consider 2x townhouses). e.g. architect fees 10-15k concrete slab 10-15k roofing 20-30k kitchen shelving 6-8k bricks 10k...

I realised an error in our tax returns in company tax returns FY08 for a small biz we used to run. I note that ATO states at records must be kept for 5 years after tax return is issued so I am wondering whether I would need to redo this tax return. Overall - the net result is zero due to...

I am planning of putting my IP on the market in a few months hence looking for a company which can do a general clean up and value-add before I put it on market... Things I am looking at getting done are... walls painted floor boards polished general cleaning mild landscaping mild kitchen...

Hi all, I have held my IP for about 6 years. Given the purchase of my PPOR 2years ago - I believe it might be good to offload some of my debt as wife may stop working in the next 12 months to start a family etc The IP is in nrth east melb.. about 12km from city.. around 670sqm.. 3BR 60s...

My dad runs a home based business and due to space limits - he might lease one of our rooms as his office. The house is listed as my PPOR. So is it possible to lease out one of my spare rooms to him and charge him market level lease on the room. In this case, does a portion of my mortgage...

Hi all, My IP is a 3 bedder sitting on 670sqm land in nrth east melb.. about 13km from CBD and 3min walk to train station. So pretty decent local. It is also near latrobe uni. Home is in original condition brick clinker home.. c. 1960s.. single level dwelling. Its worth around $580-600k...

throwing out an idea for the litmus test.. PPOR loan: 600k $ in offset account: 100k net loan outstanding: 500k The idea is to redraw 50k from offset and place it into a asset (e.g. bond) which pays no dividends but provides capital return upon maturity (e.g buy bond for $90 which will...

With low CPI out today, most economist expect a 25pt rate cut on cup day. I am thinking that the RBA may hold and cut in Dec instead. Thoughts?

If I were to lend an associate a sum of money (with formal paperwork) from my PPOR offset account at market interest rates of personal loans (e.g. 10% unsecured) - would this section of the PPOR loan be considered tax deductible? I would expect the interest to be paid by the associate on a...

Hi all, I have two loans used to buy my PPOR earlier this year... loan 1 - secured against PPOR loan 2 - equity drawn against existing IP loan 2 is approx. 160k IO type. After some share sales.. I have approx. 160k cash which I placed into loan 2 hence I pay no interest. However...

Oven and cooktop has broken down in my IP so I was thinking of buying a secondhand one from ebay/gumtree etc for less than $300 then claim it as write off in FY12 tax year. Is this legal? Only issue I seen it not have a reciept from the seller etc