Making a living in house renovation
Oct 22nd 2005, 8:37 am
#1
Just Joined
Thread Starter
Joined: Aug 2005
Location: Midlands
Posts: 24
Making a living in house renovation
I have noticed on a lot of real estate websites that the general decor in Australia reminds me of my grans house. I am in the building trade in the UK and can put my hand to most things.
Is there a market for the renovation of rundown houses in Perth especially.
My impressions are that the Australian description of an ultra-modern house sounds a bit like a well decorated house in UK with a few modern touches such as low voltage lighting and subtle wall colours. Do these houses get good money compared to a basic house or have I been looking at the wrong sites?
What are the rules for buying a house if you arrive on a skilled independant visa?
Could you make a living doing this? I would prefer to work by myself so this would be ideal.
How does the capital gains rule work in Perth?
Any advice would be much appreciated.
Is there a market for the renovation of rundown houses in Perth especially.
My impressions are that the Australian description of an ultra-modern house sounds a bit like a well decorated house in UK with a few modern touches such as low voltage lighting and subtle wall colours. Do these houses get good money compared to a basic house or have I been looking at the wrong sites?
What are the rules for buying a house if you arrive on a skilled independant visa?
Could you make a living doing this? I would prefer to work by myself so this would be ideal.
How does the capital gains rule work in Perth?
Any advice would be much appreciated.
Oct 22nd 2005, 9:44 am
#2
Phil is NOT a bloke!!!!
Joined: Sep 2004
Location: Woonona, NSW.(just South of Sydney!!)
Posts: 466
Re: Making a living in house renovation
Originally Posted by Roofman
I have noticed on a lot of real estate websites that the general decor in Australia reminds me of my grans house. I am in the building trade in the UK and can put my hand to most things.
Is there a market for the renovation of rundown houses in Perth especially.
My impressions are that the Australian description of an ultra-modern house sounds a bit like a well decorated house in UK with a few modern touches such as low voltage lighting and subtle wall colours. Do these houses get good money compared to a basic house or have I been looking at the wrong sites?
What are the rules for buying a house if you arrive on a skilled independant visa?
Could you make a living doing this? I would prefer to work by myself so this would be ideal.
How does the capital gains rule work in Perth?
Any advice would be much appreciated.
Is there a market for the renovation of rundown houses in Perth especially.
My impressions are that the Australian description of an ultra-modern house sounds a bit like a well decorated house in UK with a few modern touches such as low voltage lighting and subtle wall colours. Do these houses get good money compared to a basic house or have I been looking at the wrong sites?
What are the rules for buying a house if you arrive on a skilled independant visa?
Could you make a living doing this? I would prefer to work by myself so this would be ideal.
How does the capital gains rule work in Perth?
Any advice would be much appreciated.
Oct 22nd 2005, 12:13 pm
#3
Just Joined
Thread Starter
Joined: Aug 2005
Location: Midlands
Posts: 24
Re: Making a living in house renovation
Is it something you've looked into yet?
Oct 22nd 2005, 12:24 pm
#4
Life's a gamble
Joined: Sep 2005
Location: Solihull2Gold Coast-Sept '06
Posts: 2,492
Re: Making a living in house renovation
Originally Posted by Roofman
Is it something you've looked into yet?
Depending on what visa you are going under, you may only be able to buy New, or have to get government approval.
Perth is really the only place in oz that prices are still going up. Everywhere else seems to be slow, So it's a buyers market and you can get some good deals.
Oct 22nd 2005, 9:37 pm
#5
Phil is NOT a bloke!!!!
Joined: Sep 2004
Location: Woonona, NSW.(just South of Sydney!!)
Posts: 466
Re: Making a living in house renovation
Originally Posted by Roofman
Is it something you've looked into yet?
No. Hubbie sick of renovating and wants to buy new.....trying to persuade him. Prices here are dropping and there are some great buys so need to look into it before the market turns.
Phil x
Oct 22nd 2005, 9:44 pm
#6
Retired
Joined: Apr 2004
Posts: 34,649
Re: Making a living in house renovation
Originally Posted by Roofman
I have noticed on a lot of real estate websites that the general decor in Australia reminds me of my grans house. I am in the building trade in the UK and can put my hand to most things.
Is there a market for the renovation of rundown houses in Perth especially.
My impressions are that the Australian description of an ultra-modern house sounds a bit like a well decorated house in UK with a few modern touches such as low voltage lighting and subtle wall colours. Do these houses get good money compared to a basic house or have I been looking at the wrong sites?
What are the rules for buying a house if you arrive on a skilled independant visa?
Could you make a living doing this? I would prefer to work by myself so this would be ideal.
How does the capital gains rule work in Perth?
Any advice would be much appreciated.
Is there a market for the renovation of rundown houses in Perth especially.
My impressions are that the Australian description of an ultra-modern house sounds a bit like a well decorated house in UK with a few modern touches such as low voltage lighting and subtle wall colours. Do these houses get good money compared to a basic house or have I been looking at the wrong sites?
What are the rules for buying a house if you arrive on a skilled independant visa?
Could you make a living doing this? I would prefer to work by myself so this would be ideal.
How does the capital gains rule work in Perth?
Any advice would be much appreciated.
1. My impression is that if the house is old/rundown, it's quite common to demolish it and build afresh.
2. If you have a skilled independent visa (not SIR) then you do not face restrictions on purchase of real estate.
3. For information on capital gains tax, visit http://www.ato.gov.au
Be aware that if you start engaging in a business, profits may be subject to income tax rather than CGT.
Jeremy
Oct 22nd 2005, 11:57 pm
#7
sunshinesarah
Joined: Oct 2005
Location: Buderim, Sunshine Coast, Queensland
Posts: 203
Re: Making a living in house renovation
We are on Sunshine Coast. We did renovations in UK and did well from them. Here in Queensland it seems it's more fruitful to build. Looks like you can build for 25% less than buying new. Having been here a year, we have just built for $450k and hope to sell for $550k - $600, though prices have been falling. Although it's not sold yet, our sums showed that it would be more profitable to build than renovate.
However, with land prices so high down south, I hear that reno's are the big thing, ie Sydney/Melbourne.
If you can get land in Perth, have a look at building. Anwhere near facilities, water city is always a good bet.
Good luck
Sarah
However, with land prices so high down south, I hear that reno's are the big thing, ie Sydney/Melbourne.
If you can get land in Perth, have a look at building. Anwhere near facilities, water city is always a good bet.
Good luck
Sarah
