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looks like a good quote...im guessing you are in coburg or pascoe vale? Good luck!

sounds reasonable wylie except its in joint names..... The thing that could work in our favour is that between you and me i dont expect house prices to go anywhere for a long time yet. So I dont see too much increase in value from the current base over the next 7 or so years. So that...

Good and bad news Looks like yes i am up for cap gains no matter how long i live in it... The good news is that I am pretty much retired these days with no mortgage and much less income then previous. We are into the retire early, minimalistic living idea in our household. So together with...

Hi guys I have asked my accountant for some clarification re tax.. @rockstar....she is a heritage house so need to keep facade...yes have a 15 pct contingency up my sleave.....wont kill it if it ends up 230k... time limit 12 months.... @wylie - ok good point - will get some

good idea....the higher the better! having said that im not sure it matters. the only thing that matters is the price i sell it for whever i sell it... so if i bought it for 300...and sell it for 1 million....after 10 years then my capital gains is 700k but if i spent 250k on a reno...

thanks advice i intend to be on the build with him....his labourer. Plus the house it just around the corner from where i currently live..

yep - i guess i cant avoid the intinial cgt.... i should have lived in it for 2 years then rented it our for 6 years....then it would have been exempt... because i rented it from the start it seems this 7 years sticks...but the longer i live in it the less significant as a percentage it...

Hi We are going to live in it a few years so no capital gains my thinking...

good question i have a friend who is a builder who will be doing the reno for me but paid by the hour. He will also sign off it... I will hoever be doing it owner builder style - so organising all the tradies, sourcing the materials etc another bonus is that i can do this paying cash...

hehe - i saw that typo...wish i had the cash for bling!

Hi team most of you will know i have been on this forum for quite a few years now. Bought and sold 3 houses and now i am embarking on my first larger scale renovation. I intend to keep you guys abreast of the entire process from go to wo. Good discipline for me and hope you enjoy the...