You would need to be writing constant updates for the state of the market. Likewise NSW Office of Fair Trading has quite a large amount of information available on its website.

Great discipline – locks the money away for 10 years minimum but you don't pay tax on the earnings. Not sure about what the resale/cash-in value is if you decide to exit early (need to investigate). You can add a % of the initial investment every year to your account so your end balance will be quite healthy. There are many of this type of…[Read more]

The issues to consider would include what size pipe would you be installing? Is it capable/have sufficient capacity to handle the runoff from more than one property? How could your neighbour connect to the pipe without crossing your land or the council’s land and having the right to connect to the pipe? Ie their plans must show how they are to…[Read more]

No Victoria I haven’t used either system, i’ve used others including JDE, SAP & MRI, which are too powerful or expensive for most users.

I hear what you’re saying Paulie about the motivated vendor. By leasing without negotiating the sales price the door is wide open for the vendor to sell to anyone else. A short term benefit will be that you may be buying a going concern and not have to pay gst on the purchase price. Again speak to your accountant.

Yes but……Put it this way: you are probably going to have made a larger capital gain on P1 over 9 years than P2 over 2 years. If P1 is taken as your PPOR for the entire period then you pay no cgt  on this sale and only 50% of the gain at your marginal rate on the other.Option 2 the reverse of option 1Option 3 50% @ MRT on 1/9 of the CG on…[Read more]

As the unit is <50m2 you will find that financing will be more difficult ie greater deposit required.

How do you know if you’ve learnt the right system for the business? Most use Console or Rest but some use a myriad of other systems.

The cost of construction material is said to increase so are running costs.
How will that play out? Anyone’s guess – depends upon how Jools dolls out the compo.

Gee, do you think that you could trust the tenant?

There’s no requirement to engage a PM, just ensure that you have a lease in place and provide tax invoices etc to the business.

The end result depends on many variables including shape of the block, easements, terrain, width etc. Eg. a 3000m2 block being 15m deep will yield few blocks unless you have 200m of road frontage.

It will depend upon what is written in the LEP. As a guide take out 30% of the land for circulation space & divide by your minimum lot size.

If you sign a non-exclusive letting agreement then you only pay the successful agency. an exclusive agreement may mean that you have to pay both.

Even if there are a large number of sales there is always the risk that the median has been
skewed by new developments dumping better than average properties into the mix.

Slightly confused here. Are you saying one quote is heaps cheaper than the others but you want the others to come back & review their quotes?

What if the cheapest has given you their best price or stuffed up?

Pretty much as above – check the lease and your copy of the tenancy application/acceptance.

The selling agent & managing agent may both appear to be xyz franchise but have two different companies ie sales & property management, so less chance of recourse.

You will need to determine if this is the Board’s sewer or your drainage. There should be few issues if it is your service. what does sewer diagram indicate? Where is your boundary trap?

What sort of devt potential does one unit in isolation have ? Is he negotiating with all of the other unit owners ?

Either speak to a local real estate agent or engage a valuer.

Go out the and speak to some agents again. Don’t go for the one who says that they will get the highest price. Get the agent to cover their costs eg adverts etc on a no sale no pay basis. Give them two months exclusivity.

Firstly, just because it is a busy road does not mean it is zoned commercial.

Secondly you will need to rip out the kitchen & bathroom and install a tearoom, toileting facilities etc. upgrading power & phone