Where is the property?, seems cheap for a 6-7 unit site.

you might want to consider using a galvanised lintel if there are corrosion issues in the areaIf you tackle the demolition yourself take care when removing the roller door, they are spring loaded and can be pretty heavy.

with regard to the talk about falling property prices,
to get back to basics, what is the driving force in falling prices?. We hear people saying they will fall 30 %. Where is the nuts and bolts calculations to show this prediction is anything more than a wild guess. While rates are low and there is at least some demand for housing in our capital…[Read more]

Adrien,

I was just looking at your website, what finish did you use on the deck? Or is it the old trick of hosing things down for the photo shoot?

mouldy ceilings sounds more like a leaking roof than something a tenant may have done.The rusty handrail is more likely poor surface preparation or no priming of welds.Picket fence falling apart is again most likely age or lack of maintenance.How are these items the fault of the tenant or the manager?Many landlords on here expect to just sit back…[Read more]

I know it sounds suss, but i guess some people do deal in assets other than cash, like property for example.Anyway, i had a few issues with the deal;1. I cant walk into my bank and pay back the development loan with a bag of diamonds, i would need to sell them immediately.2. If the diamonds are worth what he says they are why cant he sell them…[Read more]

herbpeterson is correctThere is a big difference between the sewer line to the house and the main sewer.Its really the easement that you need to look at.I think you would most likely renew the old line if it is old anyway, you can build over this sewer line to the old house but there are a few restrictions, such as the sewer must have an IO…[Read more]

herbpeterson is correctThere is a big difference between the sewer line to the house and the main sewer.Its really the easement that you need to look at.I think you would most likely renew the old line if it is old anyway, you can build over this sewer line to the old house but there are a few restrictions, such as the sewer must have an IO…[Read more]

you are correct,  you cannot usually build  the house directly over a sewer line.Im assuming you mean it is the main sewer line servicing the street, not just the branch for the existing house.Although you cant usually build on top of the sewer you can build close to it. By using concrete piers bored down to close to the sewer depth you can b…[Read more]

ummester,overpaid tradies??how much should they get paid then?

Keiko,Not sure of your background or skill but, tilt slab panels are not something to be attempted by the inexperienced. They can be very dangerous and have resulted in deaths through wind gusts or incorect bracing equipment.They do appear to be becoming more popular, even in domestic construction, but be careful !!!

bloody media,As far as i know the sub prime market in the US made up a much much larger % of the home market than it does here. I think it may have been aroun 15% vs 3%They also have the added problem of non-recourse loans. Not to mention the differance in supply and demand for housing. here and in the US.I could be wrong but I dont see us being…[Read more]

gday skuz,I totally agree with your thoughts on the area you are looking at. I live in the area and can tell you the convenience of the freeways, shops and transport is great. The capital growth is bound to be greater than in the new estates.Externally the house seems to have a nice character to it, and the roof is a bonus, probably save you…[Read more]

Thanks for the info,Much appreciated

Hi Adam,You will have to get plans drawn up and get council consent to the subdivision. Have a look at other subdivided properties in the area on similar size lots to see what you can possibly fit on your site.I have recently completed a four unit development but dont have all the figures on me at the moment.We built four 30 square townhouses with…[Read more]

Hi,I think its important to look at all the facts when looking at other peoples reno "success" stories.If a property was purchased for 200k and had a 20k reno done over 6 months, then sold for 250k it would appear the reno has resulted in a gross profit of 30k. But dont forget alot of these stories come from a time when property was experiencing a…[Read more]