Search results

Its still better than: "Blackburn" "Mulgrave" "Box Hill" Or maybe they are ok because they are middle eastern suburbs and expensive :)

Thanks for all the answers. The problem with Granny flats is that: 1- They have to removable structures and have to occupied by a dependent only. 2- Will mostly be of weatherboard construction in contrast to BV which is rest of the house. Thus for the same money i get an inferior product.

Have checked it with the council and only one dwelling is allowed :( Therefore the need to improvise.

Thanks for your responses. No i cannot build a duplex as there is single dwelling covenant on the block :( Here is what i see the potential things to do are: 1- Separate Electricity meters - Doable, i enquired with the electricity company. 2- Separate Water meters - Not sure, have to...

Hi All, Will like to know if someone here has done dual occ thing on one site with the view of renting them seperately. I have vacant piece of block(land size 600sqm approx) in Lynbrook area of Melbourne and was thinking of constructing one of the below houses on it...

Thanks for all the replies so far.... So this would mean that i should NOT claim deduction for any expenses going forward... Anything that i have already claimed should be ok as i had genuine intentions to build on it and i have proof as well to back it up...

Hi, I have vacant block ofl and on which i have been claiming tax deductions for the expenses like council rates, water etc... I know these are allowed if we have an intention to build in near future and this has been my real intention till now.... However now i dont think its feasible...

djones- you bring up a good point of whether to buy and hold just land or build on it... from what i understand and as you have said "Its the land that appreciates" and buildings depreciate, so in case you can keep up with the holding costs (and yes it will not be tax deductible) then just...

Thanks for filling me in on that Bloss... So then how do you end up making a profit??? - Do you build in area where they do not build and offer House and Land packages or, - Do you build with a builder in a way that the house stands out in some way and hence you can get a higher price...

Thanks Y-Man, you have been quite a help... Anybody with the truckie experience here?

Grubar, I am finding it pretty difficult to get 5% yield in blue chip suburbs...what type of properties(or strategies) are you looking at to get this return...

Apologies for asking this basic question but can somebody please tell what they mean by a 'Spec' home and if its different from constructing a home with one of the project builders???

Yes i understand Income funds but lets say i invest FrankGrimes recommended then how much do i net after all the taxes? Option 1 Lets say i invest 500k with 250K put in by the bank: Yield = 50000 Interest on 250K @8.5% = 21250 Net Yield = 28750 Tax @40% = 11500 Yield after Tax= 17250...

Hmmm....good thoughts... I tried share tradings this and last year but i find myself rather poor in it...and besides i ended up spending so much more time on it due to my anxiety... I havent had a look at Commercial Property Trusts and that might be worth looking at...Y-Man , any good...

RJ- Any ideas you could share with us here? I agree any amount matters here so $50/day is not bad provided its passive...

Thanks for all your replies so far... Y-Man, in answer to your question curently i can forgo approx 3Kpm but it may come down to 1500pm after 6 months if i go onto buy a PPOR.

Yes i agree and will love to have it but the big question is HOW? :confused:

Passive or Earnt...it really doesnt matter to me at this stage as i am ready to work weekends... But i do want to add to my income and i have only Weekends available to do it in...

Hi Y-man, Not at all odd... As for hobbies, i really havent had anytime to think of it really...since i migrated 5 years back have been studying and shuttling between 2 or even 3 job at one time. All these jobs had a office environment and so i wont mind if my weekend thing is bit...

Hi All, This may not be purely a IP question but as i respect the knowledge and opinion of all the forumites here i will like to ask it here... I currently employed in IT sector full time and earn a six figure income. I was teaching in a Uni till recently but now that is over. I am...