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Best to speak to a professional (ie townplanner/surveyor) who will be able to give you a perspective on the likelihood of it being rezoned in the future and how the watercourse might come into play.
AdelaideBroker | Adelaide Broker
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Email Me | Phone MeAdelaide based mortgage broker
Did you pay for title insurance as well BTW at purchase? iirc they have provisions for boundary issues.
AdelaideBroker | Adelaide Broker
http://adelaidebroker.com.au/
Email Me | Phone MeAdelaide based mortgage broker
If you don’t have time – outsource the responsibilities to someone else.
What exactly is your ‘property business’? Just owning a portfolio of properties, or are you looking at doing something more business related in the field?
AdelaideBroker | Adelaide Broker
http://adelaidebroker.com.au/
Email Me | Phone MeAdelaide based mortgage broker
I’d definitely just have a chat with a real estate agent to determine potential value post renovations. Keep in mind they will always give a rosey appraisal compared to a property valuer so take the figures with a grain of salt.
I’ve written an article about renovating and how to avoid overcapitalising that may be useful for you.
AdelaideBroker | Adelaide Broker
http://adelaidebroker.com.au/
Email Me | Phone MeAdelaide based mortgage broker
Hey Cathe,
Where abouts in Cairns/what type of property? CBRE and KnightFrank still hold a large amount of the commercial leasings in Cairns proper – but there are a few indies about.
Here’s an article on how to choose a property manager if you’re interested.
AdelaideBroker | Adelaide Broker
http://adelaidebroker.com.au/
Email Me | Phone MeAdelaide based mortgage broker