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I have 4 IPs and a small business and I need an accountant to look after everything for me. I'm very hands on and each year around tax time I submit a large excel spreadsheet detailing all business expenses / employee wages / wages to myself / property deductions etc. I like to fine-tune...

I bought a property and went through all the usual hoops. Settlement was 23/4/15 and I paid using my own funds so the property is unencumbered. It's now 15/5/15 and I'm still waiting for the solicitor to register the transfer so the title would have my name on it. Everytime I call the...

A studio is a complying development and has a max area of 35m2 under current SEPP rules I believe. It is defined as 'habitable' under the SEPP. So my question is, pushing it to the limit, can I have THREE unrelated tenants on one title block of land, occupying main house, granny flat, studio...

I own an IP in Fairfield and I'm at a crossroads of whether to build a GF or not. The payback period should roughly be 7-8 years conservatively estimating. The asset should yield roughly 10% net sustainably, which is a great yield (what shares can beat that?) I'm about to make a decision -...

I've done some research and seems like most companies charge around $120k for a turnkey 60m2 build. What are people actually paying for 60m2 granny flats today? As this is an investment property, I'm only concerned about numbers (assuming the build is done to spec and won't fall apart after a...

I have 2 natives and 1 non-native that is over 5m tall in the backyard that needs to go - it's putting too many leaves into my gutters and also the roots are blocking my sewers every several months. What are the changes I can get them removed with approval? If I can't do it by the book...

Does the borrower and lender have to be different entities or can they be the same entity? any legal precedent on such a basic detail?

I recently applied for a 80% LVR loan from a nonbank lender (cheap rates) and after jumping through all the hoops, out of the blue one day I get an email saying "bad news, Genworth said no". I called to clarify and was told that while the lender's credit team was happy to go ahead, Genworth...

I just recently bought a property and noticed that on the council rate's notice, their valuation of my property (the capital improved value) is higher than my purchase price by around 7%, undoubtedly causing me to pay more rates than I ought to. 2 questions 1) is this common occurrence...

Just bought my first IP in Melbourne and it's currently already tenanted so pretty straightforward. The property's in Fawkner and I prefer to have someone close by manage it. Currently managed by Nelson Alexander in Coburg and they've offered me 5.5% inc gst if I let them keep managing it. So...

I need a good conveyancer in Melbourne - can anyone recommend someone for a straightforward residential property purchase? I don't want to simply do a google search because all that will net me are the ones who pay the most for google ads.

I'm familiar with Sydney - reading council documents and getting info on minimum lot sizes / building to land ratios / max height / min frontage for different types of devs. Where can I find this out in Melbourne? Is it different for each council? What would be a good starting point for my...

I need someone to attend auctions for me. Do I have to get a buyer agent? I don't actually need a buyer agent, I'll be doing all the property selection myself but I can't afford the time and effort to fly down to Melbourne (from Sydney) for each auction (also more importantly I work on saturdays...

What's the procedure (if any) needed to connect a new stormwater pipe to the kerb gutter? I'll need to hire a concrete cutter to cut away a bit of the footpath and kerb, then I'll lay the pipe and patch up everything with concrete myself.

I'm in Melbourne for a few days (till Sunday 28/9) and I'd like to chat with someone who is local and knows about the Melbourne market. I'd like to get some insight as we are planning on buying our next IP here. Looking for either an experienced investor (I'm one myself but only knows Sydney...

I'm completely new to melbourne, I am from Sydney but I want to buy in Melb because I've reached my NSW land tax threshold. Looking at house with land for around 600k-700k. I know I can enter that into realestate.com.au and view by map but I would like some suggestions if you have any. Some...

Say my SMSF owns a commercial office and I rent it to my business which is a company entity ABC pty ltd. 1) does ABC need to pay GST along with rent to the SMSF? annual rent is below 75000 and SMSF owns no other commercial property 2) if ABC does in fact need to pay GST along with rent to...

If I buy, say a shop or office, for say 1.1M, would that figure include 100k of GST? Do all commercial property transactions have a GST component? or is there some way people can structure it so that there's no GST? I also run a business where our net GST bill (after deductions) is over 30k a...

The agent managing my IP said that he's got some inside info that the entire street of my IP will be rezoned into R3. Not sure if he's just blowing steam up my **** but looking at fairfield zoning map, the section my IP is in is wedged between two pockets of R3 so it's quite possible, if not a...

Once you hit your state threshold for land tax (for both you and your partner), what do you do? Do you buy interstate or do you cop the land tax? or is there a third option? I'm facing this choice soon and would like some input. Also added a poll.