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  • Profile photo of Scott No MatesScott No Mates
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    January 26, 2019 - 11:05 pm

    Traditionally the majority of investors in this area were the unlisted property trusts (insurance companies, investment houses, Banks etc) who had a grade CBD assets.

    Nowadays, superfunds have a large stake and anyone with money in a fund probably has some exposure.

    Lower value assets (sub-$10m) are owned either directly or indirectly biz mum and dad investors or their SMSF.

    Profile photo of Scott No MatesScott No Mates
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    May 24, 2017 - 12:06 am

    You’ll need land zoned residential for it and to submit a DA as many councils will call putting a container on a pad development.

    Lease will need to cover: Rates, Services, Land tax (if applicable) and any work required to make the site ready for you to occupy eg getting power pole/switchboard, sewer/water meter.

    So assuming rates @ $2000/yr, water/sewer @ $1000/yr + usage (land tax probably $nil). This would add about $60/wk on top of a 5% return on say a $400k block of land, say $8000/yr. Total would be at least $11k/yr.

    How close to town will determine how much the base rent will cost you.

    Profile photo of Scott No MatesScott No Mates
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    December 16, 2016 - 3:41 pm

    @tim George – & your point is???

    Profile photo of Scott No MatesScott No Mates
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    November 4, 2016 - 9:14 pm

    It may not affect finance however there are some construction quality issues if poorly executed.

    Profile photo of Scott No MatesScott No Mates
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    November 4, 2016 - 9:04 pm

    Goober is your friend – use the force it will guide you.

    Profile photo of Scott No MatesScott No Mates
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    November 4, 2016 - 9:01 pm

    ?? Any clues?

    Profile photo of Scott No MatesScott No Mates
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    November 4, 2016 - 8:59 pm

    What is the definition in the contract? The Master Builders Association put out a schedule of wet days. Get the builder to use a MBA OR HIA or Fair Trading contract not their own contract.

    Profile photo of Scott No MatesScott No Mates
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    November 1, 2016 - 10:12 am

    @rocky, obviously smsf has its advantages especially if you’re close to retirement or can access via transition to retirement. Its one way of keeping access to higher returns in a long retirement paying low tax. Issues may arise in later years when you’re subject to larger compulsory drawings and you may need to sell.

    Tax and legal advice should be sought.

    Profile photo of Scott No MatesScott No Mates
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    October 12, 2016 - 6:49 pm

    I’d suggest that you contact one of the house removalists to assess the block and their stock.

    Profile photo of Scott No MatesScott No Mates
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    September 29, 2016 - 10:53 pm

    Paying cash ie not declared is an offence and should be discouraged.

    What happens if he has an accident?

    Profile photo of Scott No MatesScott No Mates
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    September 29, 2016 - 8:33 pm

    Why do you think you need a surveyor to lodge a BA?

    Council can order the demolition of the structure.

    Profile photo of Scott No MatesScott No Mates
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    September 28, 2016 - 9:20 pm

    In some cases a net lease will require contributions to repairs and maintenance but in all cases excluding replacement, structural repair or upgrades. Eg. Repairs to leaking fittings, air conditioning service etc.

    Profile photo of Scott No MatesScott No Mates
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    September 28, 2016 - 7:35 am

    What’s the scope for the solicitor? New lease, handling the purchase or review the lease?

    Profile photo of Scott No MatesScott No Mates
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    September 27, 2016 - 11:22 pm

    Depends on what is in the lease.

    Profile photo of Scott No MatesScott No Mates
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    September 23, 2016 - 7:54 pm

    – Parking issues
    – If It’s owned by council, they don’t have to pay for fencing in some states
    – noise, check operating hours and their DA. You don’t/may not want boot camp at 600am Sunday mornings
    – the lovely smell of chlorine or heating gas

    Profile photo of Scott No MatesScott No Mates
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    September 22, 2016 - 12:08 pm

    Generally REITs trade at a discount to net tangible assets.

    Cashflow is pretty stable.

    You’ll need to understand the tenancy profile to determine whether there are any significant expiries which may impact on returns.

    Are there quality tenants in the mix?

    Profile photo of Scott No MatesScott No Mates
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    September 19, 2016 - 8:00 am

    @Terry_w – I missed that it was lessed from inception so no ppor exemption applies.

    @adam_Sweeny – why so keen to sell after 2 years? Have you considered all of your other options?

    Profile photo of Scott No MatesScott No Mates
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    September 18, 2016 - 8:20 pm

    Nil provided that this was your only ppor and that you rented or didn’t own & claim your other place as your ppor.

    Profile photo of Scott No MatesScott No Mates
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    September 17, 2016 - 9:04 pm

    Read the LEP or speak with a town planner.

    Profile photo of Scott No MatesScott No Mates
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    September 17, 2016 - 4:59 pm

    That’s still around 250m2 per block, about the same size as new land releases in Sydney. Ample room for a 2/3 bedder/12 square low care home which fits both elderly or fhb markets.Absolutely nothing wrong with villas.

    Have a chat with a couple of local agents to check what the market wants.

    I knew one guy who did similar single storey with carports and leased the lot to a low-cost housing cooperative.

    • This reply was modified 8 years, 3 months ago by Profile photo of Scott No Mates Scott No Mates. Reason: :)
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