you may need specialist advice on that because smsf generally cannot get into speculative development works.

It would be the most recent/current version but I dare say the clause wouldn’t have changed a great deal over the years.

chriscarman wrote:
I just had a look at that Allhomes site and while its better than the others I quoted in my original post, it still does exactly the same thing that my original rant mentioned…i.e. list houses by price… how does a 79000 house come before a 48000 house? when i choose "house" only why do i get units and relocatable homes?…[Read more]

Terryw wrote:
Hi ScottNot sure about the rights of the agent being protected though. Did you have any particular clause in mind?

I was thinking along the lines of (ref REINSW SA00200) Agent's Remuneration Cl 3 ii) & vi)

colinnewland wrote:
This should ensure that he REA agent moves the deal long to closure ASAP as only then will they be entitled to any commission. Any other clause would have the effect that a REA would be entitled to their commission once the contract is accepted, even if their is a 6 month deplay in settlement which (for a variety of reasons)…[Read more]

If it is not on your management agreement and there haven't been any amendments to the document tell them to retract these or you will walk.Supervision fee, hmmm maybe I try it on and see what my clients would say…..(Does it relate to supervision charges pertaining to works done on the houses? – there is a % or $ fee attributable to this).

Hi Terry,thanks for the heads up. A couple of points though: would it not be in the interests of the agent to have negotiated that the purchaser provide a deposit equal to (or more than) the selling commission?Aren't the rights of agents protected by the provisions of the contract of sale eg: where the agent is not the deposit holder? Otherwise it…[Read more]

On the general scheme of things 12 units is rather small however when it comes to strata management, anything over 3 or 4 different parties it is probably best left to the professionals.Mostly because there are too many different viewpoints and interests to be pacified. The SM will charge a fee for their services however when it comes down to…[Read more]

In General terms, SEPP5 requires that the proposal complies with several basic conditions:These conditions include: (Ref: Ch 3 Part 2 Cl 26)Proximity to banks, retail, medical & commercial usesAccess to regular transportCommunity services & recreation facilitiesFootpaths for electric wheel chair access etc…Many of these conditions are probably…[Read more]

The ;thing that you will also need to factor into the regional purchase is that your time on the  market is likely to be much longer than a suburban property – that is another level of risk. Unlike houses in capital cities, properties can languish for months in regional areas adding enormously to the holding costs.

yyround, $0.5M doesn't buy a great deal of anything in most parts of Sydney – what sort of space (industrial, office or retail)?Which part of NSW or are you looking at the major centres (Sydney, Penrith, Parramatta, Hurstville, Chatswood, North Sydney, Wollongong, Newcastle, Central Coast)?

2 – yes the bank does need to be involved, they will have the ultimate say on the matter as they hold the mortgage & the deeds.1 – you will still need a title search, if you contact the land titles office they may be able to assist you in the process if you want to go down the DIY path but it may be easier to talk to a conveyancer.

Tyson, even if the contract is binding, regardless of the deposit situation, your solicitor cannot settle the property until all conditions have been met eg payment of deposit & balance and any other special conditions which may apply.You would not sign the transfer form until you know they have met the conditions of the deposit.If the property…[Read more]

chappy1970 wrote:
Yes it's on the web and has been for a couple of weeks, inner southern suburbs of Melbourne. Elwood, Elsternwick, Prahran area

OK there should be good demand in the area – is the agent using domain.com.au and realestate.com.au or just their own website? What could be the other issues with the house? eg is it presentable?

An agent cannot act on your behalf unless you have signed a leasing or management agreement either exclusive or open. That may be why they haven’t done much to date – do you have the paperwork?

Is it up on the web or your preferred media?

If you have not signed an agent, you are free to choose but many agents will tell you what you want to hear…[Read more]

Likewise, if there has been a lot of investment in building new housing then the median price is reflecting investment not capital growth.

read the local environmental plan for the council area – there are some inconsistencies between different areas.

Hi Joel,as per EH, there is some great property around the innerwest – you might investigate the route of the new light rail. Possibly pick up a house/unit in Leichhardt/Rozelle which will benefit from the line.As for the stats – they are useless and at best unreliable unless you understand what is behind them. A few major unit developments is all…[Read more]

You  have to ask yourself "what promotion of the property are the agents doing? Are the photos & information provided reflecting what you are selling or is it a bit underwhelming? Where is it being advertised? Is the property in town or on acreage? Have local letterboxes been dropped? Is it an open or exclusive agency agreement (ie can you sell…[Read more]

PM me & I will send you some details.SNM