Cut and run. Consider buying in Nigeria. What more can one say? If you believe everything can be done by remote control in a country that you may never have been to or don’t understand their legal system or that lower life forms exist to rip you off, then you have to get hands on to take control of the situation. Go to Az. See the HOA meet with…[Read more]

The joys of overseas investment purely based on sales spiel and $ not solid fundamentals and an understanding of the legal and regulatory system – it leaves you open to being ripped off.

Probably best to speak to an experienced oz/us solicitor versed in property and litigation.

That will be one of the special conditions that are added to the lease. If the tenant is acceptable, then start negotiating with the agent for a reduction of the reletting fee if the tenant vacates prior to the end of the lease – if you have to bear the risk of a disappearing tenant, then so should the agent if they are recommending them.

If an easement is not registered then it does not exist. speak to your solicitor regarding the remedies available eg: rip it out & plead ignorance, payment by neighbours to relocate, sue council for approval of losses due to inadequate control over subdivision etc.
Is the line shown on the Dial Before You Dig?

Any easement should be noted on the title. who it benefits & who is burdened.

Is the line a council drain, servicing neighbours or redundant?

Can the line be moved to achieve falls without affecting the development?

You will be paying gst on 1/11 of $500k, the land being exempt under the margin scheme. ($45,455)

You will also claim back your gst paid being $40k, so a net position of gst payable of $5,455.

I can’t comment on the interest position.

There are no different planning requirements if it is one title or strata title as it is the fire safety & amnesty of the occupant. No one cares if you have one or more titles to the block.

You Will need to comply with the zoning requirements or try for existing use rights if multiple dwellings are not otherwise permissible.

What’s the point of taking on someone else’s dep report? The previous vendor has already claimed the maximum depreciation in the first few years (as the QS saw it), so why not start again with a new report?

At those sorts of figures the bank would have protected its interest via Mortgage Insurance. The bank’s exposure would be any shortfall between the insured value (80-105%) and the final net selling price achieved. The insurer would stand to lose the most, esp if they can’t recoup from the mortgagor. (Correct me if I’m wrong).

Yes Jamie but it is such a small sample it almost becomes irrelevant. statistical modelling of prices across such a wide sample is almost pointless as the geographical factors of location etc are ignored.

A bit optimistic buying door furniture before you’ve broken ground.

Unless the design was exceptionally poor you wouldn’t be able to write them off

Contact your local A/C supplier/installer – they will check out and recommend something to meet your requirements.

http://www.gbb.net.au/or http://www.hotelbroker.com.au or www.hotelbroker.com.au/HotelsForSale/Freehold.aspxor just look for business brokers with your favourite search engine.

A surveyor or town planner would be in the best position to advise however you will be required to submit a DA for a new subdivision which will then trigger all the compliance issues as if you were erecting a new block of units. You will need new survey plans & construction plans etc and ensure it all complies to current regulations/Building Code…[Read more]

What other conditions apply? Rent reviews, bank guarantee in lieu of bond, outgoings reimbursement (water use, services, insurance, rates, land tax etc – this is a 3 yr lease and the residential tenancies act doesn't apply).

Balmoral. Even in this area prices have come off the boil so there are couple bargains to be found.

Put it in writing with any special conditions.

Don’t be overly keen.

Remember, you are screwing the vendors not the agent. go hard.

Gross yields tell no one anything useful as there are no outgoings considered. likewise interest and income tax is excluded as they vary widely depending upon personal circumstances.

net yields are the most useful as it takes into consideration all the applicable costs and makes comparing properties easier.

There are s couple of hotel specialists but i have lost my book marks. Google hotel brokers and see how you go. otherwise the crest can help.