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Hi There I have a friend in a small country town in Victoria, and they know that there is a new subdivision being developed. In the first stage there will be one block only, between 3000 and 4000 sq metres. My friend lives next door to the proposed new block and actually bought his block 3...

Hi there I came across these recently and confess that I have not read them thoroughly or tried the simulator, but it is set up for NSW and Vic http://shop.ata.org.au/shop/solar-electricity this 50 page booklet costs $5 http://www.tec.org.au/images/reports/TEC%20factsheet%20D13.pdf...

Thanks Paul appreciate the reply Kevin QUOTE=Paul@PFI;1200062]Kev I assume you paid for a period that didn't span the tax period. eg In May you paid a full years insurance and its for the period May 2014 - May 2015. In this case you deduct 100% when it is paid provided the prepaid...

Hi there If you paid land tax or landLord or building insurance can you calim 100% in year of payment or do you need to pro rata Thanks for any response Have a good day Kevin

Time for tax variation form I sent in an electronic tax variation form, after a few issues, mid June and have received a confirmation letter saying tax income has been adjusted and pay office notified, this week. Very happy with the prompt service Kevin

Does not apply to real estate That's what I thought as well, but then I could not understand why the vendors solicitor would put it in if it was not applicable. I assumed they would know more than me and therefore I was missing something Have a good day Kevin

Buying a 0.4 hectare vacant block of land zoned farming and received the Contract of Sale of Real Estate today. It is in Victoria. The land is currently used by one of the Vendors relatives to graze a few cattle. Seeking clarification about Part 1 of the contract Special Conditions 1 Security...

CGT and deductions Thanks for the replies, I am trying to make sense of them. Appreciate your efforts Have a good day Kevin

Hi there Buying a vacant 1 acre country block as a possible retirement home site. But odds are we will sell block in 4-5 years and hopefully make a slight capital gain after retiring somewhere else. But buying it at a good price. If I understand this correctly I should borrow the money for...

No success on making a deal Thanks to the people who made suggestions, my second offer was unsuccessful and the seller is fixed on a price of 240000 so I have given up on this property. He is in no hurry to sell, and is prepared to wait until Spring season for some more offers. It has...

Australian Super returns over last 3,5 and 10 years Hi there I notice that Australian Super earnt 7.64% over last 10 years for income stream/pension accounts with balanced share option (the default option). Last 3 years is 8.79%, last 5 years is 4.2%. My basic understanding suggests that...

Hi there Looking at buying a vacant block of land in country Victoria. On the surface it seems a straight forward process. Is it a mistake to try and do the legal side of it yourself using a conveyancing kit? I have checked with council on overlays, and discussed council requirements about...

Why 30 days settlement and not 7? I have no experience in the time taken to process real estate transactions, and would probably use a conveyancing business. Not sure what happens if you ring up and say I bought a place and settlement is in 7 days, what sort of timeline do they need? I have...

Thanks for the suggestions Thanks to those who offered advice, I am currently thinking I will wait a week and hope RE calls me back, my plan is then to offer 190000 with 30 day unconditional settlement. Not sure about the ping pong suggestion,as offers are few and far between, it may see a...

Find out what the Vendor wants? How to find out what else the Vendor wants except via asking the RE agent. What more can they want than an unconditional offer, the next best thing I could do is to make it 30 day terms. I could offer to increase my deposit to 10% or 20000, and release it to the...

Hi there Thought I would ask the collective wisdom of the group on my attempt to purchase a lifestyle country block of land. It is a low demand market and land is a 1.6 hectare block 10 km out of the town in a good area and about 15 minutes from excellent beaches. Asking price 265000 and the...

Hi there Looking at buying a 1.6 hectare block of land in country Victoria, with the idea of a future retirement PPOR, or to sell the block in 5-6 years if our retirement plans change. it is a low demand market, but good blocks are in short supply. It is not possible to subdivide this...

Hi there Looking at buying a vacant, rural living zone block of land in country Victoria. On the surface it seems a straight forward process. Is it a mistake to try and do the legal side of it yourself using a conveyancing kit? If a kit is not good enough, then what can a solicitor offer...

land certification ? and do you need soil tests Nash 13 I have been reading about the expense of soil tests, is this something you would need to do when subdividing? Do you need to get a building envelope and septic area created and approved as part of subdivision, or is that for the new...

Hi there I have a friend who sold his house subject to finance, and has bought another one subject to his sale. He has had 3 formal requests from buyers solicitors asking for an extension of time to arrange finance and after the 4th request he has declined. Naturally his pending purchase...