We are in the process of getting a DA for a 13 unit 5 storey apartments in Brisbane and hopefully will have the DA in about 3 weeks.  The first 2 people on our team were the town planner and architect.  The architect will work out how many units can fit on the block allowing for the GFA and site coverage and what the demand is for the units ie 1…[Read more]

Congratulations on the sale.  I think with REA there are 2 kinds – the ones that you would want to sell your property and the ones that you would want to buy property through and generally they are not the same person.

I was sent this same article by another investor I know in WA (luckily he is not into rent to buyand nor am I) and I think that ultimately it wil have implications across Australia.

I think my broker also mentioned difficulty in financing storage sheds even though the cashflow is good.

Don't some States require the owner builder to have done some TAFE course before being given an owner builders number?  Also I think that there are additional requirements if the property were to be sold within a period of time.  I understand that Bunnings now have 'granny flats' that you can purchase to build yourself or can use their re…[Read more]

I don't think an ATO ruling is required but I would refer these questions to your accountant.  The amount that would be depreciated would be the total cost  – door plus installation.  A good property accountant who owns IP themselves apy for themselves when questions like this arise.

I'd agree with Catalyst that it should be a 50/50 split particularly if you want to possibly do the same thing again with these same friends and family.  I would get agreement on what each party is responsible for, cover all the possible what ifs that both parties can think of even if unlikely eg what happens if one party dies or divorces, what…[Read more]

"My job is to find potential developments then to do a feasibility, if the development is profitable I get the help from my business partner, who has the money and experience (hasn't missed a DA in 10 years), and we split the profits at the end of the process."  I think this sounds very much like Mark Rolton is your 'business partner' and you…[Read more]

Generally, I agree with most things that have been said here.  I looked at storage sheds for positive passive cashflow but over the course of a few months found that the storage complexes that came on the market sold fairly quickly.  My finance broker had also warned of some difficulties with obtaining finance as most banks don't like them.  Depe…[Read more]

The standard REIQ commission is 5% on the first $18K and then 2.5% on the balance of the sale price.  There may also be a release mortgage fee and there will be adjustments for Council rates and water rates that are worked out by the solicitors.  Your solicitor will possibly charge a title search fee and possibly a agent fee if an out of town s…[Read more]