Forum Replies Created
hello emjoy
when i purchased off the plan in 2002 i know i paid a 5% cash deposit and it was not until about 6 months before settlement that i organised my finance. but in saying that be careful your circumstances dont change from when you put the deposit down to settlement (like loose your job) otherwise organising finance may become difficult.
cheerskale
Hello vyaw2003
I have owned my commercial property in newcastle for 2 years, my tenant is on a 2×2 year lease, my rent has gone up every year according to cpi, my tenant pays all the outgoings eg rates, strata fees,water and even my land tax.
I will find out shortly how hard it is to find a tenant, when they move out at the end of the financial year, as far as leases most commercial property manangers will ask that you get your solicitor to draw up the lease because it is more complicated then residential property, then the property manager should look after things as normal.
a time frame as to finding a new tenant would vary on a number of things, supply and demand, quality of the commercial property, rent, conditions etc etc
hope this helps regards
kalehello jodie
try ringing 2 or 3 real estate agents ask them for a market appraisal all agents should provide this free, this will give you a bit of an idea, ask them what they think the sale price will be (not the commencement price) this will give you a fair idea, but remember an agent may push the price up in order to "buy the listing"
Hello Noni
I own a unit in a strata complex, i know i recieve an annual profit and loss statements so i know exactly where every cent has been spent. I also recieve a forecast on the year ahead outlining how much money they think will be needed.
hope this helpshello brownie74
I live in a strata complex of 40 units and 1 lift. the complex is 2 years old, everyone pays into the sinking fund so when the time comes to replace costly items like the lift car, their should be sufficent funds to replace it, we budget to replace it every 10 years
about 2 years ago in newcastle i bought 2 apartments and a ground floor commercial premises
(off the plan) were completed 2 weeks ago
fantastic results with the apartments) but my 60sm
shop front which i purchased for $90000 is empty
although am not too worried about (even if it takes six months to occupy)
but one thing i did not take into account when i settled was gst being commercial i had to pay 10%
gst ($9000) which is something i overlooked [cigar]
im just glad i didnt buy something for 300k [biggrin]k hook
