澳洲Australia property NSW Northern Beaches PPOR or IP for 6-12
在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m
I was chasing some advice on purchasing a unit with my girlfriend as a PPOR which we intend on turning into a IP after we receive all the government grants etc. I currently have a few questions that you guys probably would have some up against in your travels, so thought I would post here.
We currently live in Sydney's northern beaches and a looking at some 1-2 bed places around the 450k mark which require some work, or a renovators delight. We are currently looking at the lower northern beaches, Manly Vale, Freshwater and Queenscliff to purchase and renovate. Any one have any ideas on these areas? I think they have a lot of potential to maintain moderate growth and low vacancies dude to proximity to public transport to the city and to the beaches.
My first question, a lot of places we have looked at have huge potential if you could remove a small wall or open up a living space etc. Is there anyway to get information on what other owners in the building have done with regard to renovations besides the basic door knocking? I would hate to purchase a unit for 450k that I believe could be valued at around 490-510k with the correct renos and be left stranded. I am not really concerned with the structural side of things as I have the contacts that would be able to certify all the modifications, my main worry is strata. Any tips or advice on how to approach this one?
If we were to purchase a unit that currently had a Tennant in it until the new year, would we still be exempt from paying stamp duty and eligible for the first home owners grant if we moved in after the Tennant vacates and lived in it for the prerequisite 6 months?
If we were to do renovations would any of them be tax deductible if the place had tenants in it during the same financial year?
Any other advice from the people that have done this all before?
If all fails we may just purchase a house in Brisbane (we both come from there and have only moved to Sydney in the last year for work) and rent it out and not receive any of the governments incentives.
Any help you guys have to offer would be appreciated!
In regard to structural changes to a unit, it may take longer than 6 months to get approved. Read this thread: http://www.somersoft.com/forums/showthread.php?p=700203
Your Reno works are depreciable when it becomes an IP. The issue of same financial year is not relevant.
Not sure on the reno issues but I think lower northern beaches is not a bad place to buy at the moment. Any central sydney place probably is.