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AFTER a year of surging prices, the pace of growth is finally easing, with the country's median house price rising 3 per cent in the March quarter — down from nearly 5 per cent growth in the previous three months.
I still don't get this statement. The property price is still growing at 3% albeit small amount… and they call this as 'SLOWING'
Another Murdoch's media propagandaWatsonc, I can tell you that across the sydney greater area, people are renting out the granny flat whether has been approved or not. Have you been to eastern suburb near UNSW? There are places where 3-4 people sharing 1 bedroom unit. I guess that 1 granny flat for single person is VERY reasonable.
Christianb, I agree with you, but even with NSW planning to make easily for granny flat approval, there are plenty of red tape by the council. Mine was initially build as a liveable 'cabana' (with kitchenette, bathroom and combined bedroom/livingroom)- and had been renovated into granny flat.
The difficulty is how to start and where to seek the opinion. Do you provide consulting services in NSW?Nope, it is based on how long the property has been on the market… I think?
Snoppy, why not you use shahabr's link to give u a perspective of valuation.. of course you can always ask for free Residex report from Richard, etc
links to free resources such as property history reports, calculators, vacancy rates, etc.
http://www.propertyinvestmenttools.blogspot.com
http://www.propertytools.infoIf you sell your prev PPOR (i.e. apartment), you will encounter CGT. You are only allow 1 PPOR at any time.
Agree, there is a myth out there that setting up a trust/company will increase the servicibility.
The reason is people does not understand what trust isAndrewH = 0420-496-076 = barefootinvestor…= ?SCAMMER
trying to entertain in this forum…!!!! very funy
danviv1,
The reasons I like liverpool is
1. has not yet boomed.. with inner west suburb is getting overvalue, may spread to outer west
2. Major inter-hub suburb
3. Liverpool hospital – largest hospital in southern hemisphere 900 beds
4. Westfield/medical centre/retails
5. M5/M7/M4/train station/busways etc.. good transport system
6. Migrant
7. some prediction..doubling the population by 2030?
8. price is still reasonable c.f. eastern suburb
9. vacancy rate : 0.9% according to SQM research
etc….Yes.. Lakemba/Punchbowl have some criminal issues… but much better compared to MOREE, KingX etc..
I was being offered 2 bed renovated unit @Lakemba18 months ago for A$165k… but I declined due to criminal issue…
Now..the cheapest you can get ~200-210k unrenovated unitYi,
The best way is to post it on the forum..may help you to sell as wellThis is how the making money from newbies
DWolfe,
Yes, competition back in China is fiercely.
I remember we had to camp outside the building overnight before the grand opening (when purchasing a condo in Singapore) 7 years ago.Too much whinging here…in Australia
With the average income A$40k/annum… it is only dreaming to live in Toorak (Melb), Vaucluse (Syd), Pepermint grove(Perth), etc with median price of 2-3 millions. So Blaming on foreign investors is another media propaganda.
Few months ago, the GURU (expert property commentators in Aussie) mentioned that property price was going DOWN and DOWN… but they were all WRONG…We need to compare the property price vs. Singapore vs. HongKong vs. Shanghai
infact property in Sydney is still very CHEAP.Then… blame on foreign investor that property price is getting untouchable
Run milesss away
Their calculation is based on MAX depreciation on year 1 plus assumption highest tax marginRRRRRRRRRRRUNNNNNNNNNNNNNNNN
Obviously NOT,
They have different market i.e. 1 million plus above
whereas the median price in AUS ~500kWill not make much difference, indeed another stupid move from Rudd government
Terry
Would it be better to get the finance organise during the coooling off period?Terry
Is that true that in NSW, you CANNOT use financial clause in the contract?
The buyer can only use the cooling off period to organise the finance and building/pest inspection etcJaffasoft,
A draftsman.. how to find them? in the yellow pages?
Will they help if the building is not comply? Do I need to involve town planner?Will contact Liverpool council as a starting mark
Hi All,
Thanks for the input
Yes, the block is 670 m2 and the width is 19-20 m
The granny flat is built behind the garage.
Number 8, what do you mean by certificate 149?
What is TPP? BP = Building Permit?
Thanks
Neil, sorry to disagree with you.
The statistics regarding the median price in Sydney is Outdated (30/11/2010). Have you check the API data recently!!!
It is above 600k with clearance 70+%You can compare Singapore vs. Sydney and I believe that house's price in Singapore is Untouchable cf. with their earning income (i.e. 15-20x of average income) excluding the government housing.
Fergus, I don't believe that you can get the bank valuation prior to completion. It is totally BS.
I would stay away buying off-plan especially in the rural/regional NSW.Does it require only a building approval, or is a town planning permit also required?
Who do I need to contact to get an approval?
How do I start? contacting the council…. will give me a myriad answerHow complicated to get it retrospectively… the granny flat has been built about 5 years ago
