Apart from getting a lobotomy…I would direct you to make contact with a couple of the leading agencies in your area eg Cushman Wakefield and have a chat about how you go about getting into the industry.

Got an email the other day from a broker with this interesting graph of interest rates over the past few years.

Graph

What I get from that is, with very few exceptions, the variable rate was well below the fixed 3 or 5 year rates. That said, if you fixed anytime in the past 3 years, you would be well behind in the amount of interest paid. At…[Read more]

No harm in having mates in ivory towers

No dramas Richard, with the base being reset to $3k, would you then use the diminishing balance method to max out the deductions early on?

If you're looking at spending up to $20M on a development, you might be well advised to spend a few hours with a QS and a couple of consultants.

Although it is brand new, you have only paid for one unit so you continue depreciating from the current depreciated value. The answer would be different had you had a fusion claim on your insurance, received a payout and bought a new one.

How do you make it cheap – look at cheap construction methods (not in any particular order)

cladding/timber frame

concrete floor/carpet

low ceilings (2400 mm, less in service/utilities rooms)

steer away from glitzy finishes (caesarstone/granite benchtops)

"builder's package" appliances/fixtures

single glazed windows (standard glass) with…[Read more]

Contact TICA. If the grounds for removal are satsifaction of the debt then find out from TICA if they can remove it by you providing your tenant ledgers & letter from the agents etc. Don’t take the agent’s word as being unable to do anything about it.

Must have been.

Does Sydney Water read the meter or is it a sub-meter (after the board's meter)? If it is read by SW, what's the issue? If it is a sub-meter, then the agent should go out and read the meter and deduct the usage from the first building and charge the tenant of the granny flat.

If you change agents, put it in their duties.

Jacpru, as Catalyst said – the premises needs to be separately metered & have water efficient measures installed. If not, you have to wear the cost.

From one of the leases that I use:

10. The tenant agrees to pay:
10.1 all charges for the supply of electricity, gas (except bottled gas) or oil to the tenant at the residential premises if…[Read more]

Are you considering this as part of a portfolio of investments or as a major % of your investment?

What is your exit strategy ie are the units liquid & easily traded?

What is being offered ie one or several assets? Single or multiple classes – commercial, retail, industrial?

For a long distance reno you will need to engage a pm to manage & supervise in your absence.

There a few big differences:

lead time – you can't move straight into a block of land vs a built factory

you can't see what you are getting if you are buying a block and then imagining the built factory

you can customise a new build to suit your requirements

if you are buying as an IP there will be more profits to be made if you do the…[Read more]

We get hit for pulling it out of the ground and hit again twice as hard for putting it back in. Who says you can't get money for nothing?

I read an interesting article this morning. Interest rates stable, heading toward spring selling season, start of price hikes etc – all the usual blurb. They didn’t mention that rents in many parts of Sydney have dropped.

It was teamed up with comparisons of avg Interest rates: RBA, fixed 3 & 5 years and standard rates. After that five year…[Read more]

Contact your accountants to discuss what you need & what you are setting out to achieve. Contact your solicitor regards setting up the required structures. 2 different requirements.

Does it come with a mobile optimised site?

Key Strategies

your rates for Sydney are high, I would be surprised if I could find an innercity agent who would be game to charge any where near 2% (excl adverts).

Yes, project marketing does cost more, I have seen plenty offering 4 or 5% comms for deals OTP (register the buyer).

Kristin

Agreed that divestment of rural property does take…[Read more]

Thanks for that one Paul, I'd forgotten about the old Smokeball docs. I also previously used realprint.com.au but sadly they no longer exist.