Hi Superman,

Payment of insurances and all bills can be done in several ways,
a) my preferred way is to is to give the tenant an annual budget which covers your estimated outgoings and the tenant pays 1/12th every month. At the end of the year, you reconcile the account and either claim the balance from the tenant or repay the balance to the…[Read more]

Basically, as the vendor you will be wearing  the gst ie you won't be charging gst on top of the sale price (unless it is commercial property and you are registered for gst).

Although the tenant is probably responsible for the removal of their fitout (and rubbish incl waste products) you are ultimately responsible to mitigate your losses and get the premises back to a lettable condition. Use their bond, if any, to remediate/remove the waste. If there are additional charges, you could go down the path of getting an…[Read more]

Go visit your local hotel foyer in HK, you're bound to find an Aussie solicitor on holiday. Had it have been earlier in the week, you may have got Julia to oblige as she was doing the rounds of China. (Possibly try the Oz consulate as well).

https://six.maps.nsw.gov.au/

lpi.nsw.gov.au

The values provided vary from state to state & are for ratings purposes only. These may or may not resemble the value of your property as bulk valuation methods are utilized

As far as I know very few units are individually metered and the cost of installing a sub meter well exceeds the costs. Units generally aren’t separately metered as it required the builder to run complete water supplies to each unit from each meter & developers are loathe to pay for all the additional works. Search some of the archives for…[Read more]

Is the house within the industrial or residential zone? Having a factory use in the property behind/across the road is usually a big detractor affecting the sale price, rent etc – so why are you considering this property? Does the property have an upside of change of zoning or rezoning of industrial to residential?

Some industrial uses are fine…[Read more]

What’s going to be the short term effects if you’re holidaying in these parts or on business trips?

Taking the devil’s advocate approach – you may need to exclude the additional land from the leased area as a tenant who rents the property may want exclusive access to the entire block or unimpeded access to their lease area.

So you will need to consider what you’re leasing out as well.

Work backwards – check out the rentals for similar properties and estimate yields (probably around 8-10% net), then divide annual net rent by net yields to approximate the sales price.

Depending upon the location of the property, ie metro, then places like ABC Photosigns (who send out  a photographer) will prepare a building layout including room sizes (just like the ones on Domain/Realestate.com.au

"Barry Plant's" real estate…heh heh heh – the name says it all.

dgirl wrote:

Are there any other situations (other than buying a going concern) where GST may not be payable? 

If the property that you are purchasing is zoned/has existing use rights as residential.

In your case the desktop valuation is worthless as you don’t have a cookie cutter block. Get a real valuer rather than an extrapolated computer model.

check the security of payments legislation – it will provide protection if it is an ip. you will need to notify the other party of the dispute within the timeframe though .

If that is your main beef with super, change funds to an industry fund which has lower fees.

Generally, if both parties have signed the sales contract (ie exchanged), the vendor cannot retract their acceptance. If exchange has not occurred (and the contract has not been signed by the vendor), then the vendor is still open to offers.

I got an email from a broker earlier today offering a 3 year fixed rate of 4.99%

Looks like things are moving in our favour when returns are higher than the interest rate even in the capital cities.

I didn't know you could get  a doggie bag that big.