Item – this is a registration of the easement, you don't need to build it but it goes on the title when you subdivide.

If you are looking at retail, as a green horn, avoid multi-national owned shopping centres – go for a smaller neighbourhood centre or country town based site (if you need to be in a shopping centre at all). Rent is all too much a critical factor in the profitability of the business (often the biggest cost after wages), fitout can be expensive but…[Read more]

Brizza, as you are still studying ask your lecturers which direction they would go given their years of experience. Post grad qualifications are almost an essential nowadays as is CPD.

So Terry, when did they throw out the dart board?

You may still need to get insurance to cover your fitout ie kitchen, floor coverings, paint, robes, curtains etc – check with your strata manager to confirm the extent of coverage.

An Australian Agent who operates both here & in Japow is http://www.fallscreekrealestate.com.au/japan/ Contact is Ted Weeks (although all of my dealings with them have been for Oz)

Either ask your local member or make a freedom of information request (with the help of your local member)

You may not need to get your solicitor to go through it, depending upon the lease, a retail property specialist should be able to tell you what you can and can't charge. And give you value for money from their services.

The shortfall comes from your other income, depreciation (if any) and if necessary a reduction in your taxable income. In other words, it is not a free ride, just that others contribute along the way.You will have to satisfy the bank that you have the capacity to cover the shortfall without having to capitalise the repayments.

If you are registered for gst, the property is a going concern ie currently leased, you will not pay the gst on purchase (&/or be able to claim it back – you must meet the 5? prerequisites).Send your query to replyinfive@ato.gov.au ie the ATO who will give you the appropriate answer (which can be relied upon).

Start talking to the specialist recruitment agencies – Hays, Judd Farris, Conduit etc either their property or construction section.Better yet, find a job as a site labourer or in the office eg building cadet, estimator's offsider, real estate agent/property management (get to know who is in the industry).

The management fee is the % of the weekly rent taken by the agent (gst, postage, advertising etc is generally on top). You may get a discount for having several properties managed by the same firm.

If it is the standard form sales contract, unless they go for specific performance you will definitely lose your deposit as a minimum (probably up to the 10% if you didn't negotiate for a smaller deposit).

TheYoungInvestor wrote:
But thats like just paying interest with no real income ?I will give you the lotto numbers no problems if i find a way. lol

Find a cheaper centre, use less gearing, find a cheaper source of funds, undertake some refurb/extensions & crank up the rents, find other alternatives eg JV, property syndication (holding the…[Read more]

What you don't say is how old the property is – if you bought it new/off the plan then you have had the benefit of huge depreciation allowances (which need to be added back to the sale price), you can't have your cake and eat it . You may need to face the reality that the property is no longer new and has depreciated by a) the developer's margin…[Read more]

I might consider a neighbourhood shopping centre in a regional location for about $3.3m on a 6-7% net yield. Interest at say 8.5-9% pa (about $200k) offset against rent of $210k.Alternatively industrial in similar area @ 8-9% (deal would be sweeter again).Can you give me the numbers for next week's draw THY?

No offence meant Terry – it was tongue in cheek.

if all else fails, email the ato – replyinfive@ato.gov.au this address gives you a response based on the information provided to the ATO.

Geez, before paying a lump sum like that (or capitalising it) you would want to be sure that a saving of .72% over five years was going to equate to alot more than a PV of $92,000.  The payout should reflect the amount of interest that the bank would lose by swapping to a lower rate loan.I sure hope you weren't advising him to take it up…[Read more]

Scamp wrote:
mortgage resets are a problem. The fact that it's not visible yet means nothing. Everything takes time.

Scamp, what are you referring to when you call on resetting mortgages? In Oz only a small % of loans are on fixed rates (not resets – totally different scenario).