• The place to find the right expertise and make better decisions
  • Find the right expertise

About Me

My Activity

answered
Q: Hi! I am considering starting a small business from home relating to a craft hobby that is starting to pick up pace. I'm still in the market research stage but I've come up against an issue that could be an instant deal breaker.

I live in a rental property. I reviewed our lease, which doesn't have any clauses preventing a home based business, but I reached out to our landlord and agent as a courtesy to make sure it wasn't going to cause any issues.

Landlord says she's happy for me to do it, thinks it's a great idea as long as I don't register an ABN – which is a bit contradictory. She is under the impression that if I register an ABN then our residential lease will automatically convert to commercial lease and she will have to pay GST on the rent she collects.
That just doesn't sound right to me. To be clear, if I proceed:
- this will not be my primary source of income
- there will be no customers coming to the home
- there is no dedicated space for the business, I have a desk and cabinet set up in the corner of my dining room
- there will be no business signage or advertising on the property

Is she right?
Thanks in advance for any advice.
A: Thanks Graham!

It was that phrase about the automatic conversion of the lease that really struck me as being unlikely.

For a while, I was just making stuff for friends and family and charging for the cost of materials, but there is definitely a distinction between that and what I am hoping to do in the future, so I would definitely be registering for an ABN (possibly not for GST due to the low turnover at start up phase).

Thanks for reassuring me I'm not crazy ;)
question
Q: Hi! I am considering starting a small business from home relating to a craft hobby that is starting to pick up pace. I'm still in the market research stage but I've come up against an issue that could be an instant deal breaker.

I live in a rental property. I reviewed our lease, which doesn't have any clauses preventing a home based business, but I reached out to our landlord and agent as a courtesy to make sure it wasn't going to cause any issues.

Landlord says she's happy for me to do it, thinks it's a great idea as long as I don't register an ABN – which is a bit contradictory. She is under the impression that if I register an ABN then our residential lease will automatically convert to commercial lease and she will have to pay GST on the rent she collects.
That just doesn't sound right to me. To be clear, if I proceed:
- this will not be my primary source of income
- there will be no customers coming to the home
- there is no dedicated space for the business, I have a desk and cabinet set up in the corner of my dining room
- there will be no business signage or advertising on the property

Is she right?
Thanks in advance for any advice.
answered
Q: Not sure if this is a conveyancing question. Really, what I want to know is who is the right 'expert' to speak to? Is it a conveyancer? A broker? A builder?

My husband and I had are about 6 months away from being in a position to buy a property. Until recently we'd planned to buy an established home in the Outer Eastern suburbs of Melbourne, but our circumstances have changed a bit recently, opening up the possibility of buying a block of land somewhere semi-rural and building a new home. But neither of us has had any experience building and I'd love to speak with someone who can educate us about the process - pro and cons of buying vs building, financing a build, the timeline and processes around buying land, getting permits, submitting plans etc.

We could obviously speak with a couple of home builders, but I'd prefer to speak with someone independant and who won't feel as though we're wasting their time. Realistically, it will be 6-12 months before we're ready to act on the advice, but in the meantime I want to educate myself so that when the time comes we can act quickly if/when the right block comes along at the right time.

Thanks in advance!
A: Hi Nitya, Thanks so much for your reply and I'd love to have a chat! Thank you! I've got a really full day today (not complaining, because I'm incredibly lucky to still be working full time from home) - but if you don't mind, I'll give you a call after Easter.
Stay safe and I'm looking forward to having a chat next week!
Aleks
question
Q: Not sure if this is a conveyancing question. Really, what I want to know is who is the right 'expert' to speak to? Is it a conveyancer? A broker? A builder?

My husband and I had are about 6 months away from being in a position to buy a property. Until recently we'd planned to buy an established home in the Outer Eastern suburbs of Melbourne, but our circumstances have changed a bit recently, opening up the possibility of buying a block of land somewhere semi-rural and building a new home. But neither of us has had any experience building and I'd love to speak with someone who can educate us about the process - pro and cons of buying vs building, financing a build, the timeline and processes around buying land, getting permits, submitting plans etc.

We could obviously speak with a couple of home builders, but I'd prefer to speak with someone independant and who won't feel as though we're wasting their time. Realistically, it will be 6-12 months before we're ready to act on the advice, but in the meantime I want to educate myself so that when the time comes we can act quickly if/when the right block comes along at the right time.

Thanks in advance!
question
Q: Re mortgage/lending criteria - specifically job stability.

Hubby & I have almost reached our deposit goal, but in the mean time a job opportunity has come up for me. I've worked for my current employer for 18 months - will moving on so soon count against me when we apply for a mortgage?

My previous work history is stable (6yrs for last employer, 7yrs for the one before that) & potential new job will bring only a small salary increase.

Thanks!