Forum Replies Created
probably somewhere like nollamara, a house on potential duplex lot is what i would look at for around that money…maybe a little more..
thank you both for your input, my concern was the date of the transfer on the title – which is post Capital Gains Tax (sept 1985) as the property has appreciated somewhat since then. I have since found out that the land transfer documents show the sale contract dated in 1981, so the property is classed and pre 1985…phew!!!
cheersjayarr wrote:Real-estate agents seem very eager to gain your business but once they rope you in, it isn't too long before you realize that they don't have your best interest at heart. Attempting to contact them seems virtually impossible and when you do finally manage to reach them they are very quick to brush you off and make you feel like just another number. Unless your property is worth millions or you are looking to rent out thousands of square meters chances are that you are not going to receive the type of attention you were initially promised.too true Jayarr!
Thanks for the report Mike, appreciate it!
Cheers
SteveHi, our family has a IP which is used as a child care centre and have had it for over 10 years now and it has proven to be a very positive investment with 5% annual rent increases. The only pain we've experienced is where the business has changed hands (about 4 times in 10 years) and lawyers are needed to sort out leasing agreements – we've had a few issues where we've been expected to pay lawyer fees when a new company takes on the business. Apart from that, we've always responded quickly to any safety issues (minor) or problems such as hot water, overgrown trees, etc. which keeps the tenant happy and never a complaint with the rent. Also another plus is the tenants have spent considerable money on improving the yard and building inside which has added value to the property…
Thanks for your reply, yes i am referring to apartments which are within managed buildings, some of them also state that owner/operator pays all associated costs such as strata levies and management costs..
