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need a spreadsheet! sell PPOR or keep and subdivide and build?

Discussion in 'Information Resources & Tools' started by stackhat14, 24th Jun, 2015.

  1. stackhat14

    stackhat14 New Member

    Joined:
    24th Jun, 2015
    Posts:
    2
    Location:
    melbourne
    We need to do the math on either selling our PPOR, or keeping and subdividing and building out the back. Anyone got a good spreadsheet for that? Also to see if we keep the block and develop it, if we have to sell one or both at the end, or if we can keep them both for rentals?
    Much appreciated if you can recommend some sort or spreadsheet to help :)
     
  2. beachgurl

    beachgurl Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    455
    Location:
    Sydney
    You don't really need a spreadsheet. The key costs are the council contributions which can vary greatly between councils and the build cost.
     
  3. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,374
    Location:
    Sydney
    The key costs will be income tax on the profit (not CGT) and GST. Allow 30% of profit and more.
     
  4. Tekoz

    Tekoz Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,244
    Location:
    Sydney
    @stackhat14 you may want to try and use this Proeprty Calculator (the free ones): http://www.investmentpropertycalculator.com.au/free-investment-property-calculator.html

    once you've downloaded the file Free-Investment-Property-Calculator-v1.0.2015-One-Investor.xlsx then you can fill in some details, the result that you want is on the right.

    Hope that helps.