Property development in Oz.
Mar 10th 2005, 7:51 am
#1
Just Joined
Thread Starter
Joined: Nov 2003
Posts: 21
Property development in Oz.
Hi,
We're hoping to move over to Adelaide in the Autumn. We're going over with open minds on jobs/professions but I will probably continue my current engineering trade and diversify at a later date.
One of the options we are looking at is property development - on a small scale! i.e.buying a house at c$200k and renovating before selling on.
Obviously the Oz housing market is on the wane at the moment so we would have to pick our moment correctly in the future - but it is an option.
So don't know if anyone has experience of this but any guidelines would be helpful. Just looking at alternatives to earning a crust. The only real bugbear from a charges point of view that I can see is the amount of stamp duty that is charged. Don't know what level of tax I would be expected to pay either.
Thanks in advance for any help.
We're hoping to move over to Adelaide in the Autumn. We're going over with open minds on jobs/professions but I will probably continue my current engineering trade and diversify at a later date.
One of the options we are looking at is property development - on a small scale! i.e.buying a house at c$200k and renovating before selling on.
Obviously the Oz housing market is on the wane at the moment so we would have to pick our moment correctly in the future - but it is an option.
So don't know if anyone has experience of this but any guidelines would be helpful. Just looking at alternatives to earning a crust. The only real bugbear from a charges point of view that I can see is the amount of stamp duty that is charged. Don't know what level of tax I would be expected to pay either.
Thanks in advance for any help.
Mar 10th 2005, 8:12 am
#2
Guest
Posts: n/a
Re: Property development in Oz.
Originally Posted by dazzyr
Hi,
We're hoping to move over to Adelaide in the Autumn. We're going over with open minds on jobs/professions but I will probably continue my current engineering trade and diversify at a later date.
One of the options we are looking at is property development - on a small scale! i.e.buying a house at c$200k and renovating before selling on.
Obviously the Oz housing market is on the wane at the moment so we would have to pick our moment correctly in the future - but it is an option.
So don't know if anyone has experience of this but any guidelines would be helpful. Just looking at alternatives to earning a crust. The only real bugbear from a charges point of view that I can see is the amount of stamp duty that is charged. Don't know what level of tax I would be expected to pay either.
Thanks in advance for any help.
We're hoping to move over to Adelaide in the Autumn. We're going over with open minds on jobs/professions but I will probably continue my current engineering trade and diversify at a later date.
One of the options we are looking at is property development - on a small scale! i.e.buying a house at c$200k and renovating before selling on.
Obviously the Oz housing market is on the wane at the moment so we would have to pick our moment correctly in the future - but it is an option.
So don't know if anyone has experience of this but any guidelines would be helpful. Just looking at alternatives to earning a crust. The only real bugbear from a charges point of view that I can see is the amount of stamp duty that is charged. Don't know what level of tax I would be expected to pay either.
Thanks in advance for any help.
Mar 10th 2005, 4:22 pm
#3
Just Joined
Thread Starter
Joined: Nov 2003
Posts: 21
Re: Property development in Oz.
Yeah but don't you have to be there for a year for that to be the case?
By the way I've found your website very useful.
cheers
By the way I've found your website very useful.
cheers
Mar 10th 2005, 11:35 pm
#4
Guest
Posts: n/a
Re: Property development in Oz.
Originally Posted by dazzyr
Yeah but don't you have to be there for a year for that to be the case?
By the way I've found your website very useful.
cheers
By the way I've found your website very useful.
cheers
Thank's for the comment about the website. It's a useful place for me to file useful information
Mar 10th 2005, 11:42 pm
#5
Forum Regular
Joined: Nov 2003
Location: Mandurah WA
Posts: 98
Re: Property development in Oz.
If your looking to get into property have a look at www.propertyinvesting.com its a forum simalar to this but with discussions on all aspects of property from buying to doing work, hope it helps.
Originally Posted by dazzyr
Hi,
We're hoping to move over to Adelaide in the Autumn. We're going over with open minds on jobs/professions but I will probably continue my current engineering trade and diversify at a later date.
One of the options we are looking at is property development - on a small scale! i.e.buying a house at c$200k and renovating before selling on.
Obviously the Oz housing market is on the wane at the moment so we would have to pick our moment correctly in the future - but it is an option.
So don't know if anyone has experience of this but any guidelines would be helpful. Just looking at alternatives to earning a crust. The only real bugbear from a charges point of view that I can see is the amount of stamp duty that is charged. Don't know what level of tax I would be expected to pay either.
Thanks in advance for any help.
We're hoping to move over to Adelaide in the Autumn. We're going over with open minds on jobs/professions but I will probably continue my current engineering trade and diversify at a later date.
One of the options we are looking at is property development - on a small scale! i.e.buying a house at c$200k and renovating before selling on.
Obviously the Oz housing market is on the wane at the moment so we would have to pick our moment correctly in the future - but it is an option.
So don't know if anyone has experience of this but any guidelines would be helpful. Just looking at alternatives to earning a crust. The only real bugbear from a charges point of view that I can see is the amount of stamp duty that is charged. Don't know what level of tax I would be expected to pay either.
Thanks in advance for any help.
Mar 10th 2005, 11:47 pm
#6
Guest
Posts: n/a
Re: Property development in Oz.
Originally Posted by markaren
If your looking to get into property have a look at www.propertyinvesting.com its a forum simalar to this but with discussions on all aspects of property from buying to doing work, hope it helps.
