A property investor from Western Australia wants to subdivide, but is having problems with development approval and is struggling with cash flow. Should he rent out his home while he’s developing his plans, and what effect would this have on his tax situation? Read on to find out how our online forum reacted to his conundrum.
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An investor with a $450,000 budget is looking for advice on what and where to buy in Sydney. Read on for the interesting tips that the Your Investment Property online forum community sent their way.
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Question: I have recently changed jobs (two months ago) and my wife is expecting our first child in the next six months. With the housing market ripe for the picking, and having saved a 15% deposit, we’re thinking of buying our first home.
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A week before we were set to settle on a property, the seller died and my solicitor told me the settlement would be cancelled. We could just walk away, but we considered the sale a done deal and bought materials for a sizeable renovation. What are our options? If we do decide to walk away, how can we speed up the return of our deposit?
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