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Hi, I have a friend that paid off their PPOR then bought another PPOR and moved the finance to it and rented out the old PPOR. They say they are claiming the interest on the old PPOR as all the finance is on the house. Is the interest on the old PPOR that is now an IP fully tax deductable...

There seems to be the opinion that Australians are highly leveraged, I am interested to hear what from our small sample of investors how they are leveraged. Can everyone please post there ratio of Debt to Values of all properties including own homes if applicable.

Hi, Why are valuers are very reluctant to give you their details eg name of company, phone numbers etc when they come to do a valuation on a property for the bank.

Hi I have a block that looks financially feasable however the block is 2sqm short, has anyone subdivided an R20 zoned block in WA that is short 2sqm of 900sqm ie 898sqm in size?

This question relates to the Perth market, as from next Oct next year the WAPC is restricting minimum lot sizes from 900sqm to 1000sqm for duplex blocks meaning that in order to sub-divide to a duplex block now you need to have at least 900sqm but in Oct 2008 this will change to 1000sqm. What...

Hi, My question is for developers/town planners out there who know the R-codes back to front. How do you get a duplex potential block that is Coded as R20 and is 930sqm in size? The R-Codes for R20 say that the min site area be 440sqm and an average of 500sqm. If my calculations are correct you...

Hi, I am looking at going into a joint venture with a first home buyer. Basically do the following: Put in offer to buy a block that is subdividable in my name or as Tenants in Common with my friend (this bit I am not sure of). Do as much of the subdivision work before settlement excluding...

Has anyone done this before in Perth? Can anyone explain the process? I was thinking about buying a house that isn't quite a duplex block, say short by 100sqm. I would then approach the next door neighbour to buy the land and put up fencing and fix their garden after the work. Of course I would...

My question is and is very similar to the question asked on p73 of the Sept API mag titled "Which date counts": If I buy a duplex development sized block with the initial intention of keeping indefinately after subdivision and building but decide to sell one or both of them due to personal...

Hi, I was wondering what everyone things of REA advertising using the words "motivated vendor" and "all offers considered". Is this really a ploy to get buyers interested? or does it really mean that the sellers need to sell?

This is question is for the REA's in Perth. What does it mean when a listing is for Sale by Tender? Can written offers be submitted?

Hi, I read in the West Australian Newspaper today that landlords are going to be under the microscope again. My question is that the ATO will conduct 45,000 risk reviews and 6000 audits of high risk cases. Can anyone let us know what the ATO does during a risk review and what they do with an Audit.

Hi, I am looking at purchasing an IP with a future rezoning to a higher density. Currently its zoned for 1 house but may suit a triplex site once the re-zoning comes through. I rang the council and they said that the rezoning will happen within a year within the City of Gosnells. The deal...

Hi all, If I made an offer by way of an option, and I pay the option fee of $10K from a LOC, is the interest tax deductable? Now if the option for a property is say $10K and the purchase price is $300K. When I completed the Offer and Acceptance in WA is the purchase price for Stamp Duty...

Hi, Given the low yields in WA, I was wondering how many WA landlords are going to increase the rent in the next 12 months.

Can anyone recommend a good PM in the Belmont area, unfortunately the one I had has left and her replacement isn't doing such a great job.

Hi, I have purchased devfeas (what a timesaver), I am now setting up different files that I can open for different types of developments eg 4 Unit site high quality fittings etc. I have assumed a number of things: The time to construct them 18months for dble storey and 10 months for single...

Hi, I was just wandering, is there a better way of finding deals than dealing through a realestate agents on an advertised property. I once saw a story on the reno kings and what they did was do a letterbox drop around the area that they were interested, saying something like "we want to buy...

Hi, Having built duplexes before I have had no need to setup or think about a strata company. What sort of costs are involved with this in developing a 6 unit site for example. thanks

Hi, I wish to make an offer on a property subject to a number of conditions eg DA Approval, access to site, 4 month settlement etc. Does anyone have a library of clauses that I could simply choose the ones that fit the situation? or is this something I should seek professional advise on through...