Forum Replies Created
1) No two properties are identical
2) Houses are not valued on the basis of capitalisation of returns, direct comparison and summation are used.
3) The return from the sp goes to the user not the investor
4) $3900 pa is a substantial return which would not be indicative of the feed in tarriff unless the installation was substantial ie more than your 10 pane/1500 wl system and pays no consideration to the initial infrastructure cost.
5) Market forces are in play.If this were a commercial property, the income generated would still benefit through tenant and the effect on value would be considered if it increased the nabers ratings resulting in a higher effective net rent.
janinewool wrote:If you sell your house the tariff stays with the house.As far as I know, it id the occupant who enters into a supply contractwith the energy company at the prevailing feed-in tarriff. If you change supplier or tenant or contracted parties you go on yo the current tarriff. The high feed in tarriff is no longer available to new customers…..It does not pass with the house.
As far as adding value, sp are a diminishing asset,the return generated is linked to usage, feed in tarriff & efficiencies of the system. Greater efficiencies are becoming the norm due to technological advances, reduced capital costs etc. From a val. perspective, running costs are not part of the considerations when determining value (like good design) so returns aren’t considered material in the residential valuation methodology.
Vic is cold & gas heating is very efficient.
I’d go down the insulation path – I don’t pay the power bills.
Have the tenants raised the issue or are you just looking to spend money? Either way these are capital costs and will be depreciaTed over several years not just year 1.
It may be green, lower your running costs etc but it means jack yo anyone who is not paying your electricity bill as they aren’t living in the house & can’t see any value in it.
When i holiday i prefer a unit but home has to be a house at least for the moment.
Take option b. Without a rental history what are you basing your occupancy rate on? How will you determine outgoings etc….
Insurers generally don’t cover termite damage but may cover you for the water damage to the cupboards, the thing which has attracted the termites.
Don’t mention termites, taps were replaced due to leaks etc.
You will find plenty of information if you look for SEPP5 in NSW.
Do you intend buying a unit with a company title or buying a property & have a company on the title as owner?
If you scratch the surface, most agents will be found wanting in some area or other.
What they do have is a database of buyers, investors & landlords who may be interested. They also have experience, separation from the asset & an interest in getting the place sold ie getting paid.
If they are resi properties they can’t be transferred to super which would be one of the few outsidetax free environment for investing.
Gerald, you are buying a leasehold investment. As stated by others you are locked into an unfavourable/expensive management agreement, cleaning charges, letting fees etc and little or no growth.
If the park owner sells to a developer your rent will soon disappear. You only own the cabin not the land & you will have an obligation to make good the site.
Be realistic when it comes to setting an exit strategy – it takes 6-12 months to sell.
Yes you pay stamp duty on the purchase price (including gst).
Yes gst is payable at settlement as the vendor must remit this to the ATO, provided the vendor is also registered for gst.
Get yourself registered before your offer, pay your gst & claim it back asap. Then cease your gst registration. That way you get your gst back it& it only costs the extra in stamp duty.
You may wish to keep your gst status and abn as business tenants would prefer to be able to keep their gst and credits on their major expenses.
There are plenty of providers of the training course (either the statement of attainment to allow you to work in the industry or the full licence Cert IV/Diploma) however you still need work experience which you will need to get from an agency – ie you need to 'learn' how to sell.
You will need to do one of the courses before starting work in the industry (best to do the statement of attainment) – this can be done on-line through places like OTEN/TAFE, Kaplan etc then you need to apply to VCAT/Fair trading for a certificate. You could probably do the course, then start applying for jobs as a junior/receptionist/assistant property manager etc so you can learn the industry.
1) yes many agencies ‘provide’ the training BUT you are expected to pay back the cost from your commissions earnt.
2) yes many agencies work on a debit/credit system ie they are obliged to pay you the minimum wage for an agent (this is the debit bit), when you make a sale the debit is deducted from the commission you earn.
3) Only a licence holder can work commission only.
4) Be very aware of the comms that you earn ie what is kept by the agency and how much you get. Is it split between listing comm and sales comm?Intensive courses – places like the REI run a 5 week intensive, licence course. They teach you the legislative stuff to get you a licence but you still need to learn your selling skills (on the job).
Still keen?
I saw a decent place today on an agent’s website, corner block, over 1000 m2, house position looked good for dual occupancy or subdivision potential as well. Priced below $400k. The deals are out there (still)
Running a genny for that length of time will cost you a $heetload. Just get the power on, pay your deposit and get on with it
Ever heard of bridging finance?
Do the hard yards, get out there or get a buyers agent – no shortcuts.
AALLII wrote:Diffinetley a good idea. Are project managers accredited by any body or institution so that I may get in contact to find one.Thanks again
You can be a member of either the Australian Institute of Project Managers or Australian Institute of Building
