I heard that if you put in an offer before auction (that is above the advertised price) the agent will need to re-advertise or notified interested parties of a new minimum range.I see that this could be useful if the agent has underquoted the property and it is attracting a lot of interest due to the low advertised price. If you submit an offer…[Read more]

Thanks all. Well I now have in my possession endorsed plans with design that worked around it at minimal cost. It didn't look possible at first however getting the right designers and people in the room with council to discuss possible solution ultimately lead to a design around the problem.The design solution involved allowing a one metre wide…[Read more]

Hi all, thanks for your feedback. I'm leaning towards a more traditional on site auction because the location is good (on a quiet street), the place is attractive and is targeted to first home buyers who I suspect would be more inclined to attend on site auctions. In room auctions (for residential properties) are fairly new in Melbourne so I don't…[Read more]

Hi James007, the lesson for me is that its not enough to search for easements on title or s32 or planning maps (although it should be enough). You actually have to call the drainage department at the local council and even the local water authority before you sign any contract and get them to check for any drains / sewers / pipes etc particularly…[Read more]

Thanks for your replies, we have continued with the investigation and found a couple of options which are 1.) suspending the 300mm pipe in the basement or 2.) re routing drainage to new 300 mm pipes. Both sound pretty expensive though.On the legal side as no indication of the pipe was given in the s32 we could technically withdraw from the…[Read more]

Hmmm… interesting. I would go ahead with it but the one big thing that is stopping me at this is the potential fluctuations in the exchange rate.

If the exchange rates were to change significantly not in my favor I could be pretty serious trouble.[worried]

However I am fairly certain that there is a way around this through hedging exchange…[Read more]

Thanks guys,
My father lives and works in Singapore and is a dual citizen – seems like an Ideal opportunity for a joint venture.

So with a withholding tax of 10% on say a $100 000 loan at an interest rate at 3% does that mean that the total payment including tax would be 3.3% or $3300 per year?

– If that right its still less than half the…[Read more]

I too am looking for a good property lawyer / conveyance in melb metro. Would be great if you could let me know.
thanks!

Jman
Buy Problems… Sell Solutions

sorry, I’m a bit new to this and did not realise that I’m not allowed to let people know I’m private selling.
Please feel free to private message me if there are any further questions / issues.
Greg – I’m fairly new to this forum, I’m just starting out in the property development and I hope to gain as well as provide some useful information at…[Read more]

this is a fairly similar sitiuation to what I am doing in Melbourne. My partner and I purchased a property of a 750sqm block with an 1950 wb house existing at the front. We renovated the house and am currently in the process of subdividing the sell backyard with plans and permits. We will keep the existing house as a +ve cash flow property (it…[Read more]