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  • Profile photo of IP FreelyIP Freely
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    March 17, 2011 - 10:53 am

    your solicitors/Conveyancer review of the strata search will probably identify more issues if they exist beyond your 4 walls.

    Profile photo of IP FreelyIP Freely
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    March 17, 2011 - 8:55 am

    The ato has applied 1/11th of the sale to gst. You need to offset/claim all your gst inputs if you haven’t already claimed them. Time to see your accountant.

    Profile photo of IP FreelyIP Freely
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    March 16, 2011 - 9:42 am

    Realestate.com.au does not list for the public so your options may be limited. As you have had a stroke, it may be more difficult for you to negotiate the sale.

    Which state/city are you in?

    Terminate the agency agreement & relist with an agent who is more interested in selling your place.

    Other sites you might consider would be gumtree.com.au myhome.com.au or homehound.com.au

    Profile photo of IP FreelyIP Freely
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    March 16, 2011 - 7:29 am

    review your option contract & look for an assignment clause.

    Profile photo of IP FreelyIP Freely
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    March 15, 2011 - 11:19 am

    In order to get subdivision consent, you’ll need to have these works complete as council can’t stop you selling the new block (even if it’s not your intention today).

    Profile photo of IP FreelyIP Freely
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    March 15, 2011 - 6:36 am

    Either check the council’s website, speak to council’s planner or dept of planning/DSE

    Profile photo of IP FreelyIP Freely
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    March 15, 2011 - 1:57 am

    What’s wrong with appointing a real estate agent?

    Choice of website will depend upon the state & area the property is located.

    Profile photo of IP FreelyIP Freely
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    March 15, 2011 - 1:53 am

    Not quite. Stamp duty is levied on the value of the contract of sale/transfer and separately again on the value of the mortgage. Some stamp duty exemptions may apply for off the plan, retirees etc.

    Land tax is levied on the total value of land held in the state less your ppor.

    Profile photo of IP FreelyIP Freely
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    March 14, 2011 - 10:47 pm

    If you were the builder, would you accept to build if your client said ‘I will pay you in x months time after I have sold the property & no longer can offer you security over the site’? Or ‘ I’ll pay you the contract sum when I get the money’? no mention of interest or builder’s risk of you defaulting.

    Profile photo of IP FreelyIP Freely
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    March 14, 2011 - 7:58 am

    The word ‘creek’ doesn’t conjure up the same grandeur as ‘rhodes’, unless it’s Beaver Creek.

    Profile photo of IP FreelyIP Freely
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    March 13, 2011 - 6:21 am

    Encapsulation is not required for ac sheet. It is sprayed with pva & removed with due care, placed in a skip lined with .2 mm plastic & tipped at a designated location. Nor should it cost 20k.

    Disposable paper suits & dual-stage masks are adequate protection.

    Profile photo of IP FreelyIP Freely
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    March 13, 2011 - 3:41 am

    They may be cheaper and uglier but you can pick them up & sit on them as a development site for later.

    Profile photo of IP FreelyIP Freely
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    March 13, 2011 - 2:27 am

    agents have annual subscriptions to rp data, red door, australian property monitors etc

    Profile photo of IP FreelyIP Freely
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    March 13, 2011 - 2:21 am

    Hi SMH, can you explain it to me like I was a 5 year old?

    sml wrote:
    c) I sell items for about $300 with about $100 profit per item. So approximately …. less tax it is about $70, then if I lose another 10% for GST, the profit is only $40 per item and is almost at the point where the effort is not worth the profit.

    $300 (retail) – $27 gst = $273. What tax is $30? If you have imported over $1000 of products, you will pay gst anyway. By importing in larger quantities, you will get quantity discounts & cheaper freight as well.

    Profile photo of IP FreelyIP Freely
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    March 13, 2011 - 1:32 am

    there’s no benefits if you only hold residential property.

    Profile photo of IP FreelyIP Freely
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    March 12, 2011 - 5:00 am

    Which city? What type of property? How many tenants? Lease profile? What is the scope ie collect rent, pay outgoings, handle facilities management, create/implement asset plan etc?

    Cost will vary with scope

    Profile photo of IP FreelyIP Freely
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    March 11, 2011 - 8:08 am

    You have 2 options, install water efficient devices & read the water meter @ the start of the lease then charge for usage or charge $x extra per week as part of the rent

    Profile photo of IP FreelyIP Freely
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    March 11, 2011 - 7:57 am

    Obviously, be aware of the risks. As you do not hold a licence, you are unable to charge for your services & still be held accountable for any shortcomings. How do you propose to collect the rent? Are you aware that rent must go into a statutory trust fund which can only be opened & operated by a licenced agent. Do you carry professional indemnity insurance?

    Profile photo of IP FreelyIP Freely
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    March 1, 2011 - 11:10 pm

    Without any indication of where the unit is how can anyone make a judgement. If you were in the Astor Apartments, the levies are more like $4-5k per month.

    I was paying over $500 + $200 rates + $125 water pq for a one bedder with no pool, no concierge, no gym etc. Get over it.

    Profile photo of IP FreelyIP Freely
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    March 1, 2011 - 11:02 pm

    I'm with the rest of the rabble:

    1. What you are repaying/outgoings has no bearing on the rent that can be earned (ie that's called negative gearing if there is a shortfall between rent & costs)
    2. Check out the competition/research – what is on the market in the area? how does it compare to your property? what is the vacancy rate in the area/demand?
    3. Get a second opinion – ie speak to a couple of the local real estate agents, waste their time & get their opinion. You never know, you might end up using one of them.
    4. Adjust your asking price according to your research/agent advice.
    5. Drop the rent to get a tenant, you will never get back the value of 2-3 weeks lost rent when hanging out for the last $10 per week.
    6. Swap to an interest only loan to reduce your repayments.

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