@richard31 – there are multiple restrictions around setting up sydnicates (depending upon the number of members, you may need a product disclosure statement and very specific legal advice). You may need to speak to a ‘structuring’ solicitor who may advise that you use a unit trust where you can sell a number of units to members.

The Master Builders Assoc of NSW holds regular one day seminars – called Keys to Property Development. These are held in Sydney, Newcastle, Ballina & South Coast IIRC. Linky

Difficulty of finance, higher turnover of tenants

$400, really? What’s it going to cost to replace a tenant – letting fee, advertising and vacancy?

Just because you’d not had issues doesn’t mean that everything will last forever whether it be electrical, structural, waterproofing or whatever.

@zen007 – if the trust isn’t in existence when you enter into the contract you may have to pay double stamp duty. @terryw

as @benny notes – UCV is for ratings purposes, it is not based on a physical inspection of the property but is a statistically modified bulk valuation methodology which has been used. It does not reflect your reality, you can dispute it if you believe it is too low but do you want to pay land tax (if it isn’t a ppor)?

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@nickyd – I’ll second @cjaysa‘s recommendation. Dave is both an investor and a BA. Heavily invested in the Adelaide & Sydney markets. Very personable guy.

How would you determine the cost base? (especially if most of the units had changed hands several times). I would lean on the presumption that the CP had been established at day 1 of the subdivision and has not changed ownership though the members of the body corporate may have changed (possibly more than 100%).

Sales is a long slow road to success. You don’t just walk into listings – it takes years to build your network of contacts (it takes people years to decide to sell or minutes). Pay is basic wage, commission is on top but you must pay your employer back your wage in many cases- they don’t pay for your training etc for nothing.

Although your…[Read more]

Bills board factory

@mcpatching – there’s always lots of hype for what Commonwealth Games or the Olympics bring to a city. How long did it take for the area around the last Brisbane games take to get off the ground?

Whereabouts is the bew games being held specifically?

Homebush precinct for commercial still hasn’t hit its straps 16 years on and it is well located…[Read more]

@patching -there’s always lots of hype for what Commonwealth Games or the Olympics bring to a city. How long did it take for the area around the last Brisbane games take to get off the ground?

Whereabouts is the bew games being held specifically?

Homebush precinct for commercial still hasn’t hit its straps 16 years on and it is well located on…[Read more]

Always lots of hype for what Commonwealth Games or the Olympics bring to a city. How long did it take for the area around the last Brisbane games take to get off the ground?

Whereabouts is the bew games being held specifically?

Homebush precinct for commercial still hasn’t hit its straps 16 years on and it is well located on one of the most…[Read more]

Great question @blackhotel

Even though the units may have changed ownership since inception the common property is owned by the owners of the strata plan not by individuals. Specialist tax and legal advice should be sought as there will need to be a new SP lodged which will be subject to cgt at some time in the future should any furthwr…[Read more]

Generally no land tax threshold applies: http://www.osr.nsw.gov.au/taxes/land/factsheet/trusts

Seconded – might as well claim depreciation for the couple of days

Exposed aggregate or coloured oxide vs plain concrete are easy options.

Cougar is one of the best modelling packages available. Yardi is also the latest standard for the industry.

Multiple agencies are a waste of time unless it is a conjunctional agency agreement.