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How to calculate stamp duty when buying a commercial property

Like filling your car with fuel before a long trip, stamp duty is a necessary evil when you buy a commercial property. It’s an annoying, expensive requirement that can’t be avoided. The amount you pay is calculated on a sliding scale, generally from 1% to 6% of the purchase price, although it can be higher. Your total stamp duty bill will depend on where the property is located – each state and territory sets its own rate – and any…

MAJOR DEVELOPER GIVES UP ON NORTHERN BEACHES LAND RELEASE IN INGLESIDE

A second major developer is walking away from multimillion-dollar investments in Ingleside as plans for rezoning the suburb drag on. The Sunland Group, from Queensland, paid almost $20 million for four large parcels of land in Ingleside in 2013 with the expectation that the NSW Government would soon rezone and release land in the suburb for up to 3000 new homes. The Sunland land called The Ingleside Collection, which is currently for sale. However, three of the four lots are…

5 things to consider before starting a business

Many people dream of leaving the 9-to-5 grind behind and setting up their own business. Yet there are hundreds of horror stories of start-ups going broke in the first 18 months. Here are five things you need to consider before starting a business. The big why? You’ve probably got a great idea of the product or service that you want to sell, but will it succeed where others have failed? A solid business plan is “super important” He recommends looking…

How does commercial property investment work?

Commercial properties are often sold with leases as long as 15 years.  Commercial investment properties range from your traditional high street dress shop to service stations, office blocks and warehouses: essentially any non-residential property that makes a profit. They offer steady income from long-term leases, but are not without their drawbacks. A long-term investment requiring a sizable deposit, a shrewd investor will look at the money-making potential not just today, but 10 to 20 years into the future. How does…