From SA Valuation of Land Act 1971

Capital Value of land means the capital amount that an unencumbered estate of fee simple in the land might reasonably be expected to realise upon sale, but if the value of the land has been enhanced by trees planted on the land (other than commercial plantations), or trees preserved on the land for the purpose…[Read more]

From SA Valuation of Land Act 1971Capital Value of land means the capital amount that an unencumbered estate of fee simple in the land might reasonably be expected to realise upon sale, but if the value of the land has been enhanced by trees planted on the land (other than commercial plantations), or trees preserved on the land for the purpose of…[Read more]

Jerome, it can mean one of two things:Most commonly, if buying a business, the business does not own the property in which it resides hence it leases the shop/office/warehouse/service station etc. You are in effect buying the business, the goodwill, stock and having the vendor do the work to have the lease assigned to you.Alternatively, you may…[Read more]

Yes SNM, I noticed that they obviously feeling the pinch on the North Shore as the bottlo is selling Grange at a per bottle price of $500 (if you buy by the dozen).

It could be used as a guide but I'd rather know what my outgoings were before I applied the formula. 1% may be a little light unless you are taking a fixed interest loan IO over 3-5 years (for certainty of payments).

Any valuer worth his/her salt must value the property in accordance with the valuation principles set out by the API (if they are a member, most are). That means, they must review the zoning of the land and establish the highest and best use, even if they know the property is being sold as a development site.Go back to your original valuer, advise…[Read more]

Pitto, sorry to take so long in answering your last remark: I will refer back to the principle provided by Griffith CJ in Spencer v Cmwlth (1907) 5 CLR 418 where he sets out the principle of market value. Furthermore once MV is determined and accepted by the two parties, you cannot revisit it unless there has been some error leading to an…[Read more]

There is no one definitive source of information and each commentator has their own opinion on the issue depending upon their angle. One report may say that housing commencements have increased by 10% on the previous quarter but they may still be below long term average or below the same time last year.

The movement in the stats can be put down to a number of issues in the market: FHBG runs out in June pushing up prices for houses/units in the <$500k bracket (artificial stimulus which has brought forward demand and supported prices)Properties above FHB range esp in the more expensive areas did not feel the turndown which was experienced in the…[Read more]

I did some research on this mob myself (a few well placed phone calls). The model is based upon buying older houses at the cheap end of the market (western sydney) via on market deals through real estate agents. The inhouse staff do the research and the buyers agents do negotiations (fee is on their website). The same properties are floated around…[Read more]

Thx moana et al.

karenday wrote:
thanks for your advice richard – ive sent them an email to see what is happening with that.  are they allowed to do it without my authorisation/knowledge, or is it something i sign off on?

It will be done with your knowledge – you just need to understand what you are signing.

Having 2 on one title is not a problem however you should get a valuer to assess what each property is worth (to create/assign your cost base)  and a quantity surveyor to assess how much depreciation or other costs that you can apportion to the investment property.

As I am considering using a buyer's agent (see separate post under general), what did they promise, what advice/research etc did they deliver (other than zip)? Was the agent affiliated with an real estate/spruiker, tied to various projects or were they truly 'independent'?

If you don't want to do the install yourself, check out some of the larger kitchen suppliers in the western suburbs – everyone travels.

It depends upon what you mean by 'cheaply'.  A sprayed job will always look much better than one applied by brush. Call one of the spray mobs, it will probably cost less than $1k.

The link for the cpi that you need to refer to is http://www.ausstats.abs.gov.au/ausstats/abs@archive.nsf/0/0604EDCDC30C40FCCA25754B0014DC34/$File/640101.xlsThe second tab Data 1 holds all of the index information.You simply plug in the two relevant index figures into the formula to get the revised rent,

You will need to look at the table which gives you the index starting at 100.00 (about 1948?). Then you use the commencing index & current index numbers

Marketing expertise, contact list of qualified buyers, up-to-date knowledge of market movements, background in sales, expertise in negotiation etc.These are only a few things to be considered when marketing the property yourself and comparing yourself to an agent.It may save you the commission costs however pricing the property incorrectly will…[Read more]

If itis hecs, then no.