Yes, put a note on the photo to say this isn't the property, things like location shot if it is a view from the area etc.

An agent is required to present all offers to the owners, they don't however need to tell prospective buyers whether those offers are still under consideration by the owner ie if they have been rejected. So telling you that the owner has received offers is true (but not disclosing that they have been rejected is also OK).

In NSW it has recently become COMPULSORY for agents to provide professional indemnity insurance – this is (for most other occupations) optional. Blame the government for driving up the cost of doing business.

Brisbane/GC are both markets which go gangbusters for a few years, plateau, drop then  plateau again.

Get a judgement against the tenant (via Fair Trading/Vcat) pass it on to the insurers to collect the debt.

Not quite the answer you're after but something to consider: do you have enough in super left to cover your debts? Trigger a release event by working overseas (with the intention never to return) & pay out debts. Work OS for a year or two, then start fresh.

Most that I have found are tough as nails Jay.

A personal loan is bank loan with a rate higher than your IO loan but lower than your credit card. The rate is higher because it is unsecured but if you have equity in the property, it may well be much more effective to take out a line of credit against that property. Have a chat to your bank or broker.

Council valuations are for ratings purposes, market valuations are for selling price, replacement valuations are for insurance purposes, rental valuations are for renting etc. Each type of valuation has its purpose and is not to be considered for other purposes.

So in short, no;

If you want a safe projection, look at longer term growth for the area ie longer than the 7 or 10 years as this barely takes in one cycle ie. you may be taking into account two growth periods or two relatively stable periods in your timeframe.

Why does everyone have a fixation with previous sales price? It often bears little or no relationship with cmv. Especially if the previous/current owner has carried out work

Too hard to comment without knowing what state you’re in.

Try approaching a second tier lender eg lawyer's trust fund, venture capitalist etc ie someone who is prepared to take a security over something other than residential property.

Why won't your bank use the commercial property as collateral?

Basically a subdivision is the creation of a new block ie you would have 2 blocks with separate titles, dual occupancy is 2 dwellings on the one title (either attached, detached or Granny flats). With DO you will still want to consider separation of services so that the tenants are individually metered and will pay water/power etc.

The other risk is that you may trigger a fire upgrade/fire order over the entire block – ie the whole block may be required to be brought up to BCA standard even if it were built 30 years ago.

Consider another option (if you can get it) – a line of credit against another asset (eg PPOR) – lower interest rate, does not require crossing loans etc.

Check it out with the transport crowd – it may be that the risk of cracking asbestos sheeting & the subsequent clean up may not be worth the hassle.

thesuperman wrote:
I have been informed if a Commercial lease has a term of more than 3 years, it must be registered. Is that correct?

Say you bought a property with a current tenant & the lease wasn't registered. What happens if the lease isn't registered? How much & where do you register the lease? Are there any legal issues now or down the…[Read more]

You probably won't be charging gst on the sales price however the sales price will require you to remit gst. You are probably best served by talking to a speciaist accountant who can take your situation into account.

Get a RP Data search for the suburb and then check ownership or searching ownership with housing as the owne.