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  1. K

    Is this reno viable? First time!

    Hi SS team! Sorry this is a bit long. I've tried to include all the info that might be relevant. Thanks in advance for reading it! I have never renovated before but am very interested in learning. I'm cashed up but time poor. My brother is an electrician but he's struggling to get enough...
  2. K

    Under quoting auction price

    There's a house for auction near me advertised at "Bidding guide $295,000" That really caught my eye because I would have pegged fair value at around $400k (a nearby one of similar size & age went for $435k at auction a few weeks ago, but this one backs onto a train line). Is it normal for...
  3. K

    Should I renovate before selling?

    Hi everyone I'm looking at selling my PPOR and am trying to figure out if I should have any work done on it before I do. I've never done any reno's before. There's not much wrong with the place as it is, but it could definitely look "nicer" with a bit of work. Part of my problem is...
  4. K

    First Home Saver Account criteria

    Hi everyone, I have a tricky question around the First Home Saver Account. I guess it's sort of related to Tax. At least, it's related to the ATO. I was hoping somebody may have come across something similar either for the FHSA or the FHOG in the past. So one of the criteria for...
  5. K

    Council Approval & Insurance on Granny Flat

    Hi folks, I was hoping that I could get some wise input on my situation. I found a property that is a duplex and granny flat on one title. Don't expect a lot of cap growth but it's a lifestyle location about 45min from Newcastle (and not a mining town) and I don't expect the rental demand to...
  6. K

    Renting granny flat

    Hi everyone, I'm looking at buying a property that already has a granny flat. The agent is quoting me potential rent figures for the granny flat but when I got the occupational certificate it is described as a "hobby room" and a "class 10a building" which seems to be a non-habitable class...
  7. K

    Blocks of Units/Multi-Occupancy

    Hi folks, What opinions would you seasoned investors have about multi-occupancy properties? (Duplex/Triplex/Small blocks of flats etc) They obviously provide better returns than single family homes. A factor in this would be that the owner-occupier market isn't interested so there is less...
  8. K

    Boarders and Tax

    Hi all, First post so please be nice. My question is: If I were to claim the FHOG and have a border for a bit of income, can I claim deductions for a portion of my property expenses (Dep'n, Rates etc) or would that class it as an investment, therefore ineligible for the grant? I know they...
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