Hi. What involves in an income accelerator and how does it work? Thanks.

Thanks, Jamie. 

Hi (again).
And what do lenders particularly look for in the BAS returns? – the turnover income or the profit/loss figure for serviceability?

Hi All,

This might be a silly question – but do the BAS returns have to show profit? i.e.: if all the quarterly BAS returns for 2 recent years show consistent losses, would the lenders qualify (provided of course the borrower sign the stat dec to say that he can repay).

a question of legality – do sellers have to let the buyers know of any appliance that is not working?  For example, the reverse cycle aircon external/internal unit is dead, the oven stubbornly refuses to turn on, one of the hot plates is no longer hot no matter which knob is turned on, a broken knob etc..

AussieKiwi,
You based the rental calculation on 52 straight weeks of receiving rent. You should take 3 months (12 weeks) off. Thus, use 40weeks, instead of 52 weeks, and the rental receipts would be $21,000, not $27,000.  This means $6000 less in rental income than your original calculation.  Thus the 'leftover' (well, actually there won't be any…[Read more]

Swimming pool is also costly to maintain as well as onsite manager. Worth to check not only the current body corporate fee, but also the incremental changes over the last 5 years. Lastly, there will generally be 3-months vacancy from late Nov/early Dec to early Feb when students go back home for their hard-earned vacation. I was at once time…[Read more]

I heard that Councils in QLD generally levy very high annual rates; hence take into account of this high charges. Also find out whether the unit sits on the University's land; if yes, you will be only buying the 'brick' building, not the land and thus, you will have to pay rent to the uni (or whoever the owner is).

How is capital growth for Albury/Wodnga?  As an indication, do you mind, Rod & Engelo, give us the current approx. market value of the properties you both in 2009?

Jenny111

Thanks, Scott.
Now that I know that the permits have expiry date, I will by pass properties with approved plan/permit if I am not planning to build. Otherwise, why pay a premium price now for something that is not needed 'now'.
Regards,
Jenny111

Hi,

So, if I see an advertised property for sale which says something like: 'with plans and permits approved ready to go….', it means I will have to pay a premium, right? If I then bought the property, would there be a time limit in which the building(s) have to be commenced or fully constructed?

Do I have an option of not going ahead with the…[Read more]

Thanks, Everyone.

It must have been the Stamp Duty 'concessions' for first home buyers then. I was really hoping the Stamp Duty on Property or on Mortgage (whichever it was) be abolished altogether.
Regards,
Jenny111

Thanks, Everyone.
Legal advice received by my friend was that she would not need to do anything as she would not be liable for the debt of or utility consumed by the tenants.
Regards,
Jenny111.

Thanks, Terry.

The account was definitely in the tenants name. They aware that they had to connect the utility in their when they first moved in.

What does 'to compell you to provide the details' and 'CYA  at all times' mean?, please.

She said the bills were addressed to 'Unknown Consumer' or "The Occupant". This was because the utility company stuffed up the transfer and had the wrong name. They deleted the name but still send the bills to the property, addressing to nobody.  The tenants said they never authorised the transfer.

I heard that these tenants liked to take just about every things to court. When they were at the property, every little things that were slightly not to their satisfaction, they threatened to take my friend to the tribunal.

Thanks WomeninProperty and Ten_Burner. All points taken.

And you are right! At times I do feel confused – probably more afraid than confused. Afraid because I don’t have a lot to invest and this was why I wanted something that was easy to get into (studios, serviced apartments and perhaps regional properties). The first 2 have hardly any capital…[Read more]

Thanks, TFC.
What is ‘DA’ when you said ” When looking for properties try and think of how you can add value to help with capital growth. How? Properties that you can renovate, extend (up, down, left, right) and develop (or at least get DA).”
Cheers.