Once you have subdivided you will be paying rates on 2 properties, may have (more of) a land tax liability etc. You will need to do your own research in the area to confirm if the total value of sales for individual duplexes is greater than when similar properties (like yours) are sold in their entirety.

Pubs, if you mum doesn't need the money at present ie she has minimal debt, talk to her about 'vendor finance' ie she will essentially loan you the value of the house and you pay her back via a documented mortgage – you'll need to get the input from someone who has dealt with vendor finance to structure the deal so that it works for both you and…[Read more]

Purchasing a strata titled house is generally no different to buying a strata in any other form eg townhouse or unit. As the strata only relates to the two houses, there is generally no need to appoint a strata manager as it is easy enough to have you and your neighbour to have an annual meeting to discuss all maintenance issues relating to common…[Read more]

Tony, it would be prudent to put the condition of obtaining the certificate of occupation back onto the vendor. The risk being, if inspections have not been undertaken by the council or private certifier, you will need to open up walls, demolish walls, expose footings/reo, remove tiles etc in order to allow the certifier to inspect the building…[Read more]

Joint ownership (on title) and loan in a single name should not be an issue with the lender. Both parties will however need to sign the consent to mortage (which is registered on the title).

pitto wrote:
Clearly having knowledge of the rental valuation for exactly the same type of property and then withholding this information from another owner would be held to be in breach of this duty.  That's not to mention that not doing so is in breach of DHA's customer service charter and morally debatable from a government a…[Read more]

Pitto, it is not up to DHA to increase the rents on all properties if you have successfully argued an increase/difference in valuation on your property. This is not in the best interest of the tenant (DHA has sold you the property and is leasing it back from you with an agreed mechanism for rent reviews).If the adjoining property owner is unaware…[Read more]

Should be available from your newsagent or contact the Dept of Fair trading.

You must wait until settlement as you do not own the property until such time.

Sorry to disagree Scamp, but until about 2007, prices were generally on the rise in Sydney but have over the last 1-2 years entered a downward spiral bringing prices back to 2004 levels. Hence affordability being the best that it has been in 5 years (according to all of the news articles).

You'll probably need to allow at least $1500-$2000/m2 (it doesn't go very far). Reno work is more expensive due to the bitsyness of the work, difficulty in access, additional care required not to damage existing structures, marrying into the existing building etc.You may need to refer back to your solicitor/title documentation with regards to the…[Read more]

SH, houses in previous land releases have depreciated somewhat as compared the newer properties in new areas hence the price difference. The land itself is quite possibly more attractive hence worth more than in the newer estates (also better located and possibly larger). As services, amenities are developed around the older areas they may become…[Read more]

Tye,I mostly deal in the capitals & major east coast regionals where incentives were rife. However, going back a few years I was able to negotiate substantial non-cash benefits eg 1 yr rent free, construction to Lessee's plans & more in rural Qld.I know Albury reasonably well, I pass thru at least 2 – 3 times per year. Even though it is a…[Read more]

http://www.domain.com.au (Sydney Morning Herald & associated websites) shows all capital city auction prices for the previous week. Sunday papers also has a wider range of sales results.You could also try your local community newspaper website.

lifeX wrote:
The ATO base Capital Gains/Losses on an event.Ie: the financial year you sell an investment property triggers the Capital Gain event and must be paid that year.  The only hope you have is that in the same financial year you make an equivalent capital loss by selling an investment that lost money.    For instance if you lost a he…[Read more]

Inner West – a lot more DINKs (but with absolutely no chance if you get what I mean). How else can you sustainably afford $1M+ median prices?

Try the ATO website or a quantity surveyor/cost planner.Depending upon what the question is, a qs will be able to disect the proposal and find a lot more depreciation than you could imagine (some items have a very short life in tourist accommodation eg carpets, furniture etc).

Chris White wrote:
All commercial properties are cash flow positive at the moment.How about a 10 year lease with a 6 month bank guarantee at 9% + GST + outs. I may be able to do something with that.

Whilst you're banging it on thick, how about a strong covenant as well, maybe a national distributor or a publicly listed entity…..Tye,it is…[Read more]

K, you are probably thinking of the redevelopment of the Kent Brewery site (the biggest redevelopment site located within 10km of the CBD). This is going to be a major transformation of the southern extremity of the city (or Central Station area).The area is going to undergo major changes with major investment earmarked by UTS, also located close…[Read more]

It is dependent upon the circumstances eg business premises which form part of the company's assets (and director's superannuation) – however specialist advice should be sought.The only other instance that I can think of (and totally legal) is reinvesting any capital gains made on the sale of your PPOR. Hence the biggest lurk is selling a fully…[Read more]