Gye Greene's Thoughts

Gye Greene's Thoughts (w/ apologies to The Smithereens and their similarly-titled album!)

Tuesday, April 26, 2005

Oh yeah: house and property things

Sorry: I was talking about the property we're getting, but was distracted by getting violently ill. As I was saying...

Had to pay AU$14k for a title transfer for a vacant lot. A friend e-mailed me to say that seemed a bit high. Ayep!

What happened is that while we were in the U.S., there was a bit of a property boom in Brisbane -- including our area, which is semi-rural. So, the value of the property basically quadrupled. Great if you're buying as an investment; stinky if you're hoping to live there 'til old age and beyond, as property taxes (what locals call "rates") are based on property values. So, the $14k is primarily "stamp tax" based on some percentage of the value of the land.

Also, if we were buying a piece of land with a house on it, most of the taxes would get waived because we'd be "first-time home buyers." So we'd be only paying around $5,000 for the transfer fees (including lawyer fees).

BUT -- because it's a vacant lot, they assume it's for investment purposes. So we don't get the discount. Bummer.

A bit of a description of the property: We're currently living next door to the "Middle Block." The Middle Blcok plus the block (i.e. "lot", for the Yanks) with the house total to five acres.

In approximate terms: picture a square, divided into four quadrents. Back half = woods; front half = some trees, but mostly pasture; front-right = current house.

So, split into two 2.5 acre strips, each with woods on the back half (or maybe two-thirds). Currently living on the R-hand strip; will build on the L-hand strip, then Sister-in-Law and family will move into our current house. We'll live in the Middle Block. The Lady's brother and family will be on the other side. Aussie Mum & Dad across the road; Next-Door Uncle (with American Aunt) on the other side of Sister-in-Law and family. Quite a nice little set-up.

Kind of like "Everybody Loves Raymond." Except that no-one's annoying. ;)

As far as the house itself, we're pretty sure we have the plans picked out. Just a matter of getting prices on the modifications, seeing what we can & can't afford (or, WANT to afford). Eventually, tiles, paint colors, carpets, etc.

--Gye Greene


At April 27, 2005 2:26 AM, Anonymous Anonymous said...

Might I make a carpet. Carpet is nothing but trouble.

At April 27, 2005 12:36 PM, Blogger Gye Greene said...

S'pose. But it's also nicer on bare feet than bare floor. And cushions the kidlets bonking their heads.

But in terms of doggie "leftovers," yeah, we're finding that out. :)



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