Terry can confirm but the owner and agent are required by law to disclose anything and everything that is material to the sale. Any component of the property be it the house, out buildings, pools, verandas etc etc that have been constructed without council approval IE a permit effectively renders any contract null and void.

Get a broker to handle it for you… simple.

RPI wrote:
  Hi All

This is very much due to the increasing workload in the development market and the returning confidence in the market.

The planning and law firms are flat out, 
D

Interesting. I hope it works out for you. Construction is such a fickle game.

What's driving your market? I suspect reconstruction from successive weather…[Read more]

VistaView wrote:
 they will be calling the police(yes the police)

ROFL…. 

Fred!!   you used to be a sparky. Get over to this place and check it out… take a SWAT team with you it looks serious.

Quote:
even with aircon on all night is still hot.

Which suggests thermal loading during the day and convective heat are the primary problems.

Not an unusual problem in inner city apt's. The main culprit is that the shear volume of thermal mass within a city magnifies the heat. So roads, masonry and metal materials all collect and store heat…[Read more]

Just go to do your numbers Miz. They're as viable as anything. You have to evaluate them on a comparative basis. So if an old but reno'd house existed on your site now what would its value be today. You have to beat that price by at least 30% to make it worthwhile. 

I've got several hammers in my tool box. A sledge, a 1Kg, a claw, a ball peen and a brad/tack hammer. None are better than the other. They just have different uses at different times. Together they get the jobs done better than if I just had one or two.

When you stop looking at a particular investment class as better than another you'll become a…[Read more]

rusty05 wrote:
And all accurate!

It's pretty straight forward stuff. There's a million forums on the web based around how to be an net wizkid. You soon learn how to sort the wheat from the chaff.

rusty05 wrote:
So where do I sign for your seminars Freckle??

I'd feel bad taking your money when you can get what you want for niks.

There's a 24/7 seminar called the World Wide Web. It's mostly free

Red Feather wrote:
I will be at the Sydney event. 2+ hour drive for me, too plus I have a 14 week old baby in tow so bringing the other half to assist with babysitting throughout the day. Big effort so really hoping the session is worthwhile.

In less time that it will take you to drive there and back I could assemble all the knowledge (and…[Read more]

gags327 wrote:
I am still undecided weather to attend or not. I would be interested in hearing of other people's results that are doing his course from the seminar last year.

This is how I do this sort of thing. If I run onto or look at a new business venture I assess the business opportunity on its own merits such as start up costs,…[Read more]

markintownsville wrote:
How do you claim back the GST freckle?

I'm assuming one is registered for GST if not I think you get a tax break on the total (incl GST) amount. One of the number crunchers here could clarify that though.

You're not out of the woods yet.

I would engage a good business insurance broker and make sure you are comprehensively covered. Even though he may have the property insured that may not absolve you from all liability. His insurance company may hold you responsible for something it interprets as a failure on your part or negligence. Say storing…[Read more]

Absolutely demand a copy of the insurance policy. 

Terry can correct me if I'm wrong but if a contract or lease doesn't specify who is liable for insurance excess' in an insurance event then liability cannot be inferred. 

Talk to Engelo Rumora. (He's the forums favourite son)

https://www.propertyinvesting.com/user/engelorumora

Engelo's a pretty switched on young guy and honest as the day is long. If you want to jump on someone's coat tails you'd struggle to find better. He's running a group over there at the mo' doing reno's I believe.

Run a mile!! People like these are absolute nightmares when push turns to shove. Never ever known a deal that was ever worth the drama when things turn to custard with these types.