Terry

I’m no expert but:

I think that the purchaser is directly responsible for the payment of rates.

Regards
Age

Buy new!
Never Sell!

elinitha_au

The agent is out-of-line!!In my opinion.

I would contact the real estate institute in your state and ask a couple of “hypothetical” questions to get the real answer.

Then decide on what action if any I would persue.

And always offer a low bid to start with, you never know unless you do!!

Age

Buy new!
Never Sell!

Oxenford!!

+CF territory ???

mmmmm! I Wonder[whistle]

AGE

Buy new!
Never Sell!

Thanks everyone.

I just entered some of your formulas into a EXCEL sheet.

Now I can save loads of time!!

I only need to type

Weekly rent
&
Property cost

Presto [grad]
Age

Buy new!
Never Sell!

Look at it this way;

You are losing $10.oo PW with your reasonable tennant.

Increase the rent and the reasonable tennant may decide to vacate the property.

The property is re-let after a 3 week vacancy @170 PW

It will take you over 26 weeks to recoup the $450.oo lost during the 3 week vacancy.
From that point on you will be ahead by $1020 PA…[Read more]

Thanks Russ

I was hoping you would reply! In my short time here in thid forum I can see you konw what you are talking about

Buy new!
Never Sell!

Well how about this
Double $67500 would be $135000

So I would think you would need about $135.00 pw

Buy new!
Never Sell!

Divide by 1000 and multiply by 2 ???

Why not just divide by 500 ???

Buy new!
Never Sell!

If you do it as Dual Occupancy and you want to sell just one you would have to Strata them.

But you can just sell them both as a “Job Lot” as you would just one single house.

Age

Buy new!
Never Sell!

I have been doing a subdivision in Mudgee NSW. It has been going for over two years and only just now gone to the Lands titles office.

My grand plan was to purchase 50% of my neighbours block 750sq mtrs and join it together with 50% of my block ( another 750 sq mtrs) the new block will be 1500 sq mtrs.

Giving me a 1500 sq meter block on the new…[Read more]