澳洲Australia property Renovation/trading Strategy | Sydney


在澳大利亚 Hi all, I currently have a PPOR and 10K cash in the bank which I plan to use as a deposit for a IP early next year. Is it possible for me to place this into my PPOR loan and then redraw the 10K when Im ready for the IP and then claim the int Hi Guys, Ive found a property that has mentioned two payments coming up of $1400 to apparently top up the admin fund and 2 have just been paid. Im looking at a financial statement (basically a balance sheet) for the strata and its all a bit


Hi guys

Further to my other post of similar nature:

http://www.somersoft.com/forums/showthread.php?s=&threadid=8629

What are the arguments for/against the following 2 strategy's for renovating/trading properties?

# buy/renovate/sell asap (say 3months reno)

# buy/renovate to make livable/rent out for say 9 months/spend 3 months renovating (to make up the 12 months time period to gain the 50% CGT exempt)/sell


Note: Im looking Sydney....so absolute minimum purchase price would be $450-500k (more liekly $600k+)

Any thoughts greatly appreciated!!

Cheers

Sam  

评论
Hi Sam_H,

I think your strategies will have pro's & cons in different cycles in the market.

For example :- At the beginning of a 'boom' growth is constant but not dramatic. This would be a good time to renovate/rent/sell in 9 months (12 months of constant growth is better than 3 months of constant growth). Towards the end of the boom cycle, growth is much more dramatic(because of momentum) and it may be better to 'buy/renovate/sell asap' before the market collapses/flattens. You will have to make some good gains to make it worth while because CGT will take half.

Both of your scenarios require you to make predictions about the property cycle. Where do you think the cycle is at ?

Cheers  

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WillG

Firstly thanks for taking the time to respond (and with figures provided on the other post)

Also...to provide some background....my ultimate strategy is buy/renovate/hold (never sell)

However.....I am interested in simply value adding to a property rather than trying to time/predict the market (of which I have no expereince in doing)

The areas I am looking at buying will allways be in demand so I figure if i can make a large change, I will be able to sell at a profit


cheers

Sam  

评论
Why not, but, rennovate, rent and hold. Use the equity and the new rent to be able to fund the next renno. If your cashflow starts to get tights by the time you have two or three completed, then consider off loading one and picking up th eequity as cash as the Capital gains will have reduced or look at alternatives like a cash bond etc.

BUNDY  

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