yes & that is all the first pig paid, not much.

Lots of ‘not much’ adds up to quite a bit also may have a lower risk profile which suits piggy 1.

look up foster & son @ mt druitt, pretty sure they are still around.

carefully look at how this is structured. If you buy in your own name, & live in it, then it is your ppor. If you buy in a trust, then you may be able to rent it to yourselves.

You don’t mention if you qualify for fhbg but be wary that you will be sharing it between all parties not getting 2 grants.

What you might need is a better hydraulics engineer, ie design a pump out system to the front street & directly into the culvert. The court probably can’t grant an easement over adjoining land for your benefit as this is not a planning restriction but a restriction on your desire to affect another’s property.

That’ll be $10k for saving you…[Read more]

Great news for anyone who has or is considering acquisition of property in a smsf. The initial catch is not being able to borrow for the upgrading – this may stymie how you go about the works.

If the scheme is only going on display, get in with plan to build a second dwelling now, so that you will have your plans approved before any restriction is placed on your land.

Go & view the planned instrument, talk to the town planner who is supporting the plan. Find out what it means to you as a landowner & potential developer.

I found that the Dollarmite by CBA was a great starter before I graduated to a full grown passbook.

Without being too specific, what do you want the software to do?

Mortgage calculations, simple gross/nett returns or the heavier dcf/irr & cashflow analysis?

I have seen plenty of sites with easements but the impact does not need to be overly negative.

Industrial sites often have easements for power, drainage etc but used creatively, these areas can offset your soft landscaping requirements or provide hardstand or parking.

Shameless self-promotion!

Good stuff, keep it up.

just to put back a little perspective, historically when the @rse drops out of the share market property generally performs well. At present, shares are shaky around the globe, financial woes abound throughout the us & europe & our property market sits in a bubble.

Are we going to see a flight to bricks & mortar or to bonds & cash?

I will temper the above comments – when you sell it is highly unlikely that you will add the gst onto the contract price (as it would effectively be more than the market price), you will however be required to remit 1/11th of the sales price back as gst (less if using the margin scheme).

as Breece notes, it is more about how the easement affects the development potential of the block – if it prevents a house/pool/garage etc then it is detrimental to your block.

I have found that in some conservation areas houses which are non-conforming to the requirements actually sell for less than a conforming house. That is why people buy into an area not to buy a newer house which has all the modcons but none of the charm/features of the older places.

Just came across this article: http://www.smh.com.au/national/tsunami-to-hit-australian-real-estate-20110911-1k413.html

@ QM – there is a large number of housing comm tenants in DY & Cromer, hence the unsavory types.

For my money I would go for a unit in Harbord /Freshwater as they are that much closer to the city (not that people from up there tend to work in the cbd).

Another areas to look around your price point would include frenchs forest or avalon.

You’d be hard pressed to find a house for less than $900k in any of these areas.

Registered mortgage – bank is a secured creditor, holding & listed on your title.

Equitable mortgage – secured by caveat on your title.

I do recall a tax ruling a few years back when the market tanked & developers were stuck having outlayed gst but could not rent out the properties & claim back the gst. The ruling was a sensible outcome for the developers.

Although this doesn’t come under compulsory acquisition, there may be some grounds for compensation however a valuer would be of more use in providing specific advice in this area.

Upon rereading it would appear that there is an existing easement. This is a pre-existing easement, compensation has been paid & the land so affected can’t be used for…[Read more]