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hi at this point, i don't need to get very precise and get to the bottom dollar...i just need t work out a rough estimate of apportionment between land and building for, let's say: - a house, land 500 sq.m, 4 bed, 2 batch, purchase price 700k - a townhouse, land 300 sq.m, 3 bed, 2 bath...

Hi I found a brand new house which I like for myself...but not just yet, probably within 5 years (family plans)....does it make sense to buy it as IP, rent it out for 5 years then move in and turn it into PPOR ? What are the tax implications of this move ? My train of thought is that it'll be...

The interest rate you got is a lot higher, I got 3.75% And your fees are 1.25% yearly...I got 1.25% per six months Same establishment fee, 250 I found out that fees are not tax deductible, therefore I make a net loss aer tax with the term deposit...what kind of term deposit is this where the...

Hi I gotta put down a 40k deposit Deposit bond is off the table as not enough equity in other property. Bank guarantee is an option: Bank gave me these figures on bank guarantee: 250 est. fee 1.25% pre payable fee every 6 months Term deposit interest rate:3.75% Making the numbers...

Hi I found a brand new house which I like for myself...but not just yet, probably within 5 years (family plans)....does it make sense to buy it as IP, rent it out for 5 years then move in and turn it into PPOR ? What are the tax implications of this move ? My train of thought is that it'll be...

Hi My intention was to pay the 10% deposit with a deposit bond (off the plan, settlement 2015). I had verified the options with my broker, bond costs, etc...all good. Signed the contract, and now, AFTER signing the contract, the broker came with: "you need to demonstrate equity in other...

Hi forumers I got a great ground floor unit in Brisbane...ticks all the boxes and can negotiate a very good price. Only issue is, it flooded in 2011...flooring was fully replaced and it shows now an amazing polished timber floor... What do youl think ? I'd tend to think that floods happen...

Thanks for all comments. I cannot believe such poor advice from lawyers...unbelievable ! Anyway...can you please expand a bit on the stand alone entity ? what does this mean ? any link ? any lawyers in Brisbane to recommend ? Thanks

Hi I got to an agreement on price which I'm happy with for an off-the-plan unit. Settlement is in 2015 Issue is, contract has no finance approval clause. I don't feel comfortable with not having it. My lawyers indicate that this is not right, and there should be one. Agent says that no bank...

Hi guys I wonder if the QS fees for preparing a depr schedule are tax deductable or not ? Also, I appreciate if you could tell me whether the following are or not tax deductable: - Bank fee on purchase (bank transfer) - on the settl statements, it says: less council rates, less water...

Many thanks for replies. This wouldn't be negotiable then, would't it ? I mean, it's not like you would negotiate reducing the balance of the deposit by $2000. Cheers, a.

I just carried out the pest inspection on my first IP. I was on site. The inspector explained it all to me...he said it was all good....he showed me a few drill holes in front of the garage (see photo) and said he couldn't be sure what those were for...maybe a preventative measure..maybe some...

Sorry for the silly question... Is it 30 business or calendar days ? From contract date ( when buyer receives back contract signed by seller) or from when finance is approved ? Which day counts as day 1 ? Settlement is on day number 30 or one day after ? Thanks a.

if i sign two copies, hand them to RE agent......agent gets these to seller...one comes back to me....each one of us is in posession of a contract with both original signature...i would have thought that is the drill.....I gather from your comment that is pretty normal to get digital signatures...

Hi there Is a signed, scanned contract sent by email legally valid and binding ? I'm the buyer (of my first IP), and the RE agent has asked me to send the signed contract by email to send to seller (in Sydney...I'm in Brisbane)... So, I will get back by email a scanned copy of contract...

Thanks everyone for replies. That's the plan. Still don't quite get how the post-reno value is assigned. Best sale of house of similar standard (after reno) in he suburb is the best I can get ? Or the bank valuer actually itemizes the reno and computes the value following some sort of "reno...

I'm confused on how this would work... I've come many times across articles about renovation for profit, where you renovate and sell...but let's say that i don't want to sell, but want to renovate to increase equity, unlock it and buy a second property...would that work ? is this a strategy...

Yes thanks...i'd very much appreciate those contact details...thanks and regards

Hi Need rapid quotation...found some threads where pricing is discussed...surprised to see that they charge by the hour, not y surface area. Feel more comfortable with a lump sum agreed upfront....got the area to paint already figured out....any recommendations of good-value-for-money-reliable...

Thanks guys for your feedback....really useful. Time to take action...otherwise, the research and inspections and analyses can last forever. Decided....Brisbane it is. Though Ipswich looks good on projections, better to play safe around a capital city (Ipswich may be a good option down the...