Hi there Richardis the lower percentage dependant upon postcode? or are there some other factors? as our dealings have mainly been with lenders with the 80% percentagethanks

Hi therejust wondering how the water penetrates – did you plaster the outside of the property? – as I note that we are planning to do the inside of the property once no longer tenantedthanks

Hi therewe are still investigating the costs – but a painter friend recommended the process to usI am not sure if I have got the terminology right – but we are rendering in such a way that we are obscuring the cement joining lines and so it looks a bit like plastering but with a rougher finish – we did see examples of the proposed finish in…[Read more]

http://www.lawsociety.com.au/page.asp?partid=66Your friend needs to review the above page to obtain details of a lawyer in Newcastle – possibly one accredited in commercial litigation.Whilst the son has the 'legal interest' in the property, the father would have an equitable interest (constructive trust) in the property – which if it is due to be…[Read more]

Hi therethe main thing in such areas is to have a good property manager – I note that we purchased a property in an area which used to have a bad reputation – but due to excellent property management, the area has turned aroundthanks

Hi therehave you approached the ACT planning authorities with your proposal – to see whether an application could be lodged?  If there are other properties in the street allowing dual occupancy – perhaps it could be as simple as changing the characteristics of your particular lease in Tuggeranong

Hi there I think you already have drafted the beginning of your clause above – nothwithstanding the rights created in the lease between x and y, we reserve the right to progress the development/subdivision plans attached.You should check with a NSW solicitor as to any current legislation which will impact upon your clause – it is in your interest…[Read more]

Hi there I notice you haven't had a response to your query and thought I would obligeAs to the most valuable asset – I would have to say a good education is the most valuable asset you can have and pass onto your children – you never stop learning and continuing education should be one thing you pursue throughout your lifeI think having a good…[Read more]

Hi thereI noticed there was a good article in the latest property investor magazine by Margaret Lomas that addressed this sort of queryShe highlighted that she did an initial search on realestate.com based upon how much she wanted to spend, she would then sort the results and ignore any towns that were one industry towns.She then highlighted that…[Read more]

Hi there if you are earning an income from the property you can claim your expenses including agents commissions, council rates, repairs and depreciation on any newer fixtures and fittings etcthe only time you might have a problem with capital gains if say you built another home on the land (in addition to the existing property) – which basically…[Read more]

Hi therehave used both Wesfarmers and AAMI for landlords insurance – Wesfarmers was getting a bit pricey and AAMI looked like they had a good replacement policy for the property (AAMI has an online quoting system which is cheaper than over the phone)I have had to make claims from both insurers before – and both have been good to deal with

Hi againif you have already been using your trust to purchase properties – it is likely that it has already been vetted by a solicitor and found to be adequate – as the bank would have had their legal department review your documentsome of the issues the banking and finance lawyers look at are the ability of the trust to borrow money or raise…[Read more]

Hi againthanks Wayne – I noticed that John Turnbull of Mason Sier and Turnbull is still practising at Mount WaverleyBrooklelea – he was a good chap too – also a property investor – and property developer – when I worked there many years agonot sure if that is close to you though

Hi again I think the main thing is to get informed advice when you are proposing to make changes discussed aboveI have seen deeds which will allow the trustee to make a decision who is included in the class of general beneficiaries – which can be by way of resolution – also who can be excluded from benefitting under a trust – provided there are…[Read more]

Hi thereI think you need to let people know what you are trying to achieveit is possible to amalgamate titles back into one title – but given so much has been done to strata the property – I do wonder whyobviously if the property is on one title – the council fees should be lessTorrens title is a description of the title process started by a…[Read more]

Hi Brookeleathanks for the information on John Sier – it seems all my peers are retiring – your other option is to contact the Law Society and get particulars of solicitors who are accredited in the property law area (who are closer to you) who may be able to help youthanks again

HI thereI forgot to mention that the work is performed by a solid fill plastererthanks

Hi there Eyou might like to start by looking at your own deed – if it has an index – all the better and look for the provisions which affect the appointment of the trustee – often there will also be provision for the guardian or appointor to regulate who becomes the new trusteeunfortunately there are no correct provisions – it is a matter of…[Read more]

Hi thereI used to work with a chap called John Sier of Mason Sier and Turnbull in Mount Waverley – if he is still practicing – I am sure he will look after youthanks

Hi there Catajust in relation to your comments with respect to a trust deed – I don't believe I have ever seen a trust deed whether discretionary trust, hybrid or superannuation fund which does not have a provision to appoint a new trustee – there are certainly different methods of appointment – but all have them – it would be unworkable to have a…[Read more]