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Hi all, I own three IP?s with my wife. All have loans stamped ?joint ownership? and we get charged Land Tax accordingly. If I was to purchase our next IP under my name only, how will that new purchase be calculated in regards to Land Tax? Thanks.

Hi all, I have a few IP's jointly owned with my wife in our personal names and our Land Tax bill is horrendous. So, how do I get around this? I was looking at setting up a Trust per property purchase moving forward(If Land value under $600K, I only pay $926 per trust). However, I am not...

Hi folks, about to endeavour on my first sub-division in Frankston. I'll be subdividing a corner block that has a house already on it, keeping it as is and then selling off the "new block", probably with plans and permits so a builder can come straight in and do a build. Can anybody...

It's happening folks - hold onto your hats. Get in quick before it's too late. Check out this place. Mouldy and run down to bits, but yet it sold for $563,000! In Frankston, yes in Frankston. http://www.realestate.com.au/property-house-vic-frankston-118942695 I can already feel myself...

Hi folks, I have a dilema. I have an IP in Doncaster and I am unsure as to whether I should demolish and build two townhouses on it or buy another IP for future Capital growth. It's a solid brick veneer 3 bedder. Cost of build will be about $750K. If I don't build, I'll spend that...

Hi all, It's time to spend some money again after being out of the game for a few years. I'm thinking Blue chip to diversify a little, but I am unsure of what sort of property to buy. Villa, apartment, flat, house? For those that are going for growth, what sort of properties are you...

I own a house on a corner block(about 650 sqm) in Frankston . House sits at the front of the block(3 bedder 1 bathroom), which leaves the back ripe for subdivision. Would splitting the property in two and then selling both seperately be financially beneficial? Current block with house on it...

I got a letter from my council a few days ago asking me to ensure the footpath in front of my investment property is kept clean from fallen twigs and leaves due to it being very slippery. Who's responsible to keep clean? Council or tenant? Surely can't be the owner, what do they expect, I...

My property in Frankston is just about ready to be put on the rental market. I have a family friend in Clayton that own a REA and I'm thinking about giving my business to him given that I trust he look after the property as best as he can. Do you think there'd be any major disadvantages by not...

Hi, I've been painting and doing a general clean-up of one of my investment properties in Frankston which is beach side of Foot street shops over the last couple of weeks and I got to say, it's actually not a bad area at all. I was thinking about selling it to fund another Eastern suburbs buy...

Hi, I've been painting and cleaning up one of my investment houses in Frankston which I was going to sell, but after spending the last 3 weekends there, I'm going to hold. It's got so much potential. Who knows when it will take off, but when it does, hold on. Anyway, this 3 bedroom property...

Hi, I have a couple of variable loans that have redraw funds available. I am planning on fixing to Westpacs special offer of 4.99% for 2 years. What are the implcations of doing this? One of the loans has $70K available and the other $100K available. I have never used the redraw facility on...

I won't get into the details, apart from saying the ATO stuffed up and that we have had to pay 4 years worth of "Catch up" Land Tax this financial year. My question is, can we claim all of the Land Tax payments we made this year(for the previous years) in this year's Tax return? Thanks.

Ok, so I'm sick of paying big Land Tax bills in Vic every year, so can't justify buying any more IP's here. Sydney is appealing, as it appears to be a "sure thing", like Melbourne, so am I asking what you think is a good suburb to be buying into. Close to train, public transport, shops...

Not sure if this has been posted anywhere else here, but this article talks about an idea that is gaining momentum amongst frustrated "wanna be" home buyers. Basically, these frustrated buyers will go on strike while attending auctions refusing to bid, regardless of price. The idea is that if...

http://www.theage.com.au/business/high-house-prices-make-economy-vulnerable-20110316-1bx43.html

I have a blocked stormwater at one of my rentals. Have tried all sorts of stuff, but it won't unblock. I have resorted to calling a plumber and drain specialists and was wondering what does a better job of clearing pipes - org or hydrojet? The org is cheaper at about $200 and hydrojet at...

Legal or not? Hi guys, Is this legal or not? Thanks.

If you're a Director of a trust that holds property and nothing else, do you have Directors insurance? Why and why not? Trying to come up with scenario's where tenant can sue the directors for breech of duty or care for whatever reason and director is liable. For those that have it, who...

Yes, we all know there are markets within markets, etc, etc, etc. But generally speaking, in regards to residential property in major city's and surrounding "burbs", do you think we are at the bottom of the cycle or have we got a bit more to go(or perhaps a lot to go)? It's certainly slowed...