Hi Jim, nice problem. Not sure if this suggestion is too much out of left field but is it possible to build a house some where on the property with out reducing its value? If it is, it maybe worth considering doing this and moving into it as your PPOR. My understanding is that you can sell a PPOR on up to 5 acres of land with out it being subj…[Read more]

LA Aussie your comments about the present high demand for housing appear to be correct. Was having a chat to a sales manager for one of the local project builders today when he called at my place to pick up his son who had stayed over night (when do the school holidays end!!!). Asked him how things were travelling at work and expected to hear…[Read more]

Hi AngB, I know the main focus on this site is property, but have you done any home work on things that could help your mum improve her position besides property?

Hallg

Housing affordability was mentioned more than once by Mr Rudd as an issue in this election. Must confess i cannot recall what his solutions were? Could we see alterations to tax law such as depreciation rates and CGT?? I guess time will tell.

Hallg

Hi, I’m sure there must be some one out there who could answer this from an informed position but my experience tells me that whether you pay gst on a commercial property is dependent on the position of the seller. I purchased a commercial property 4 years ago and did not pay gst. The previous owner had owned the property for 20 years which meant…[Read more]

For me the main issue here is “how will the current climate conditions impact the economics of an area?” I live in central Vic and like most places water is a big issue around here. Yes they have just connected places like Bendigo and Ballarat to a ” Super pipe” but the pipe is only any good if there is water to run through it?? From what I see…[Read more]

Have you tried Bendigo Real Estate? The Property Manager there is Ray CarringtonHallg

Hi Millions, I would buy in Bendigo Vic if any where, but my post was more a theoritical question. In my own way I was trying to say that house prices in most areas really can’t fall (crash) very far because the cost of producing them has risen considerably over tha past few years. I read some comments suggesting doom and gloom (I assume that…[Read more]

Hi all, I read all comments on this subject with interest. Each contribution in isolation appears to make sense. However the one thing I cannot reconcile is how far can house prices really fall when the cost to replace them continues to grow? When I talk to my tradie friends they all tell me about increased expenses such as materials, labour, ve…[Read more]

Hi Tools, I know a couple of the guys at Curnow Dyett real estate (03 54430733) are valuers. I don’t know how many real estate agents are certified valuers, but I would think that a valuer who actually sells property would have a pretty good perspective on things. Other this, Woodland valuers are spoken well of.

Hallg

Hi, I managed a renovation project in my role at work early this year. We had a report done prior to starting and it showed up Asbestos in 2 places in the building. As we didn’t have to do any demolition in the areas that contained Asbestos, we just left it in place and painted it. I’m in Vic and I’m not sure what the law actually says here, but I…[Read more]

Hi Longroad, I don’t have precise numbers but Bendigo has experienced good population growth over the past few year. About 2000 per annum I think. One thing I see on the upside is the completion of the freeway to Melb. Final stage is now well under way. I was talking to a business consultant the other day who moved to Bendigo from Sydney. Time…[Read more]

Hi, if you looking to inspire people I hope you don’t mind me sharing one story which is not about myself. In 2001 a house and 20 acres was offered for sale. It was purchased by a couple I know very well. They paid $286,000. In 2006 they sold the property to developers for $2.7 million. The amazing thing about this deal is that it happened right…[Read more]

Hi Orien, here are a couple of names that I hold in good regard.
1) Jason Westcott ph 0409951012
2) Wings Properties ph 03 54461699 (speak to Mark Kemp)

If none of these can help, they may suggest some one who can. Both are a good honest businesses who will try and do the right thing by you.

Hallg

Hi Chefman, sounds like it’s time to compromise a little. My guess is the wife as has been supportive up to this stage by watching her spending habits and the such? I know what you mean about “my life style” as she also needs to understand what makes you tick. I had a similar issue last year when my dearest decided we needed a tennis court (lights…[Read more]

Hi Wayne, no residential investments other than PPOR. Have managed funds & shares that have done well. I’m on the look out for my next commercial property but i would prefer to have a tenat lined up before I make the move. In my job I get the opportunity to interact with Managers of businesses and often I quiz them on their current & future…[Read more]

Hi Wayne, if I look at return on money spent I’ve been getting 9.6%. However in saying this I was able to pull in some favours from tradie friends for reno works which meant I saved considerable dollars. I have not had the building revalued since the reno, but if I did, I suspect I’d be getting a tick over 7% on the value.

Hallg

Hi wayne, yes I own one Commercial property which is in a business zone. Business zone here means office/retail. Don’t have a Commercial zone here so don’t know what is permitted in such zones?
Don’t use a Property Manager but that’s only because everything fell into place (finding a tenant and the like) when I purchased the property. Have a great…[Read more]

Hi bjb007, I note in your original post that you plan to use a company/trust structure. There are probably plenty of good reasons to do this but on Friday I encounted my first negative of doing this. You see I just recieved my first ever Land Tax Assessment for a property in Vic and if you ask me they appear to have targetted properties held in a…[Read more]

Hi Waynel2, I have not had the experience of buying off the plan so I can’t help you with the precise meaning of those conditions except to say you appear to be doing the right thing by trying to understand precisely what you’re buying. It is normal for a council to apply restrictions to the use of a site. Not sure about it being normal to have…[Read more]