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Has anyone had experience with connecting a new water main in NSW? I'm looking at a corner block with potential to split and torrents title. Elec/comms and sewerage run along both sides of the block so these are not too much of a hassle. I understand I will have to pay the costs to 'tap in' to...

Hi all, we are hoping we can get some advice on our dilemma, We engaged our surveyor at the beginning of November to carry out a strata subdivision of 2 villas that we built. We lodged all necessary paperwork with him late November and it was lodged by him with LPI in the first few days of...

Hi all, would really appreciate some input on a situation where I haven't been able to find an answer for elsewhere. Is there a possible solution for the following scenario, where a block of land has been purchased on a 10% deposit and a delayed settlement of 2 years. If when the time for...

I made some enquiries with an accountant re: deductions for expenses during construction and I got a confusing message: We settled on the land June 2013, began construction in oct 2013. They were available for rent April 2014 and tenanted June 2014. I was of the belief that: the interest...

Long story short (or just not as long) We built some villas in an area we were familiar with to build some equity. Villas were complete at the beginning of april and found out the week before letting that we needed to have a surveyor write a new easement into our title. We had let the villas...

Hi all, We have just built 2 detached villas on one title and too get the best possible val and move forward we need to strata title them. Can anyone advise on the process we have to go through to get this done and the possible costs involved? The property is in NSW if this helps. Thanks.

Hi all, I am wondering what peoples' thoughts are on the following. We are currently getting financial and planning for IP# 4/5, in doing so we are doing projections for rate rises up to 8% to see how our cash flow will be affected under different scenarios. Currently with 3 IPs we are cash...

Hi all, During the tax year 2013-2014 I purchased land and built villas on them. I thought any interest paid before completion/advertising for tenants was not deductible. Over the weekend, a friend mentioned how they thought that the interest paid on the land portion is tax deductible? Im...

We are in the process of having valuations done to release equity. One of our IPs is a pair of 3 bed villas on one title. We understand this may effect the valuation. What is the process we would have to go through to have these on separate titles and any approximate costs involved? Thanks,

I understand that if you have a loan at 90% LVR and you have already paid LMI, that, if you were to release equity in the future (assuming growth had occured) that the LMI previously paid will contribute towards the new total for LMI. What happens when you sell that property and intend on...

He said that 'wealth is the transfer of money from the impatient to the patient' and I'm wondering if for our situation, may it be a case of wait and see or are there still good opportunities available to suit our strategy? We are looking to spend upto $450k max with a 90% lend in Brisbane...

Hi all, I am heading upto to SE QLD for a week in July to have a look around at some areas of interest. I am hoping to get some feedback on a few things: We are planning to make these purchases this year with the aim of achieving some consistent growth into the future and these will be long...

Hi all, been into CBA today to enquire about a loan top up. We are looking to use our existing 2IPs with CBA (IP2 secured against IP1) to release about 100k which will be added onto the loan for IP2 for future purchases. It was explained to me that we can then purchase IP3 with a 10% deposit...

Hi guys, thanks to the many who have already helped with advice and dealt politely with my private messages thus far!! We are seeking some advice or comment on our strategy moving forward. Our current situation with 3IPs is: Value = $1mill Loans = $760K Offset = $100k Combined rent =...

Hi all, I am aware that I would have a 6 year timeframe where my PPOR will CGT exempt since it has become an IP. My question is how would the depreciation that I have claimed over the past 4 years impact this scenario: PPOR purchase = 230k Value = 380k depreciation claimed = 20k The...

I'm sure it has been posted previously but I can't seem to locate it. Below are some stats ive been using in my DD but with ABS i cant find the data beyond 2011. Can anyone tell me where I might find info re: - Population stats for suburbs for 2012/13 - Household incomes for suburbs over...