There are often things that can be done.

I have numerous contracts that we are doing the conveyance on at present where my client (the buyer) could terminate up to the moment of settlement.  These are usually due to the seller's agent or seller's solicitor stuffing up.  And even when the agent stuff's up the seller's solicitor should pick it up,…[Read more]

Off the plan contracts are large and often complex.

As Nigel said, you will  be up for all loses of the developer, sales commission advertising loss in price etc.

If the developer has not sold all the properties they may be more accommodating than if they are all gone.  Dialogue is the key.

There is also some possibility that some part of the…[Read more]

Hi Michael

Which state.  There are very different systems in each.

Regards

If the posts are usuable, what about putting some rails up, nailing on blue board and then rendering or bagging.  Not as noise insulating as block walls, but cheaper and faster.

D

And, especially with the family provision  issues, ends up eating up a large part of the estate in legal fees.

QLD is technically not allowed either, although some councils may provide a special allowance for it in their planning scheme or just not prosecute.

Brisbane is on a huge crackdown at the moment, I know of over 50 enforcement notices at the moment in one area of brisbane alone.

When dealing with property, it has always started with trying to find someone who has some idea about.  Unfortunately not many accountants and lawyers do.  And even when they do, a lot don't advertise the fact, so hard to find out.  Much easier now with most having websites and a lot being on forums etc.

  I always prefer dealing with people who…[Read more]

Hi Crido

Good luck with your development.

Have no experience with these guys but am looking forward to hearing your progress on here.

D

Hi 

Welcome to the forum.  

Look at your structure also and decide whether you are comfortable investing in your own name.  Don't just consider  now, but also consider future options.

Not a Melbournite but looking forward to see what you decide on, please share here when you buy.

regards

D

There has been cases, Terry can probably quote them more than I, where a elderly lady has written a will on a scrap of paper in Hospital, and although it was not witnessed it was upheld.  This was mainly due to her telling the nurse that was her intention, and it canceled out a solicitor drawn will that was dated earlier.

People sometimes use…[Read more]

Hi Breece

I am a big believer in using professionals, but not blindly.  It helps to try and understand something about the area if possible, if not seek advice from different people and weigh it up.

One good thing about using a professional, is that if there is a bad stuff up, their professional insurance may give you some recourse, if you do it…[Read more]

An overall structure is a good start, looking at whether their are different entities that can be used for your income.

Tax reduction should be ancillary to the investment benefits.  Need to work out what you are trying to achieve.  Some people live off their cash flow positive property, others are accumulating appreciating assets that may cost…[Read more]

Hi Neil

I have a new planner starting on Tuesday that is ex sunshine coast council and she is going to be doing all our SC work.  I will run it past her.

The problem in Qld is that the definition of a house changes once you rent to different people.  The grammar is somewhat wrong but the Supreme Court has supported it.

If a group of people come…[Read more]

Everything is technically covered by the anti avoidance provisions of the tax act anyway.

Trusts are very effective when used properly, Pascoe hates them and I don't know why.  They are perfectly legitimate vehicles for asset protection and wealth creation etc.  Some people push it too far and if their income is high enough, they may figure that…[Read more]

Hi
Andrew from these guys seems to know his stuff

http://thedesignpartnership.com.au/about/meet-the-team/

Hi

Sounds like you are talking about unpaid present entitlements.  Chat to Terry W about that and estates, can be tricky.

regards

No worries at all, always happy to have a chat

D

Hi Dave

PM me the address and I will have a look and see what I think can be done.

If you want to rent it and the house out separately your chances of getting an enforcement notice from council stopping you doing that, even if your building was approved is almost negligble.

If you want to get retrospective approval for a secondary dwelling, can…[Read more]

Depends on area it is in.  

Non-complying use under Brisbane City Plan and they are running a huge operation on this at present.

regards

D

If up to 5 unrelated people come together to enter into a single tenancy agreement with a landlord, that is a house.  If there are separate agreements, that is excluded from definition as a house, more likely multi-unit dwelling.

see ADD Design v Brisbane City Council 2012   

Qld Court of appeal, discusses well, case was about houses with 10…[Read more]