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  • Profile photo of Scott No MatesScott No Mates
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    The things to watch are that you aren’t cross collateralising your properties ie using the first as security for the second hence the LOC.
    You should be able to pay the expenses from the loan.

    Profile photo of Scott No MatesScott No Mates
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    I'd suggest Burgess Rawson but not sure if they would touch residential.

    Profile photo of Scott No MatesScott No Mates
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    Its a bit of a messy question. Are you considering redrawing your loan to pay bills? taking money out of an offset account or other account? Using an LOC?

    Profile photo of Scott No MatesScott No Mates
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    Will that make a successful spammer an instant/overnight hit?

    Profile photo of Scott No MatesScott No Mates
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    Contact a broker, they will put on you the right track

    Profile photo of Scott No MatesScott No Mates
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    Ol' construction type will be pretty much decided by the Building Code Of Aust, But assuming that fire resisting construction is required you will be far better off building in precast or tilt-up concrete panel with a steel portal frame & steel roof.

    Are you looking at doing it yourself or via a builder? In rough terms you are probably looking at around $600-750/m2 for the warehouse area, $1000-$1250 for the office space and $150ish for the hardstand areas.

    6m wall height is low by current standards as tenants are after as much cubic space as possible ie you are probably needing 8m as a minimum nowadays up to 10 or possibly 12 m depending upon what council will permit. 6 m walls were the norm in the 80's/90's but now with space at a premium height restrictions are much more favourable – you only get one crack at it so go as high as you can (whether you need it or not). Tenants tend to use highbay shelving systems so they prefer as much height as possible for storage – different story if you need it for manufacturing or packaging.

    Profile photo of Scott No MatesScott No Mates
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    Mosaic, anything the agent thinks might delay them earning the commission is not favourable to the agent oops not in the vendor’s best interest. So the agent would prefer the easiest outcome.

    Profile photo of Scott No MatesScott No Mates
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    There is no ‘computer glitch’ the agency is obliged to check the banking daily and to receipt the monies paid. You should be able to pull a tenant ledger at any time . The pm should review the statement prior to sending them out.

    Profile photo of Scott No MatesScott No Mates
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    I’ll put my hand up for 1 bedders in low rise buildings as well. Steer clear of the shared laundry scenario.

    Profile photo of Scott No MatesScott No Mates
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    Check your management agreement as it may state that the agency is entitled to a commission.

    Profile photo of Scott No MatesScott No Mates
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    Try fullkit.com.au might have something

    Profile photo of Scott No MatesScott No Mates
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    Opening the debate about who should pay the B&P etc – it has been argued many times before that if the vendor has a shonky  p&b, you may not be satisfied with it and fork out for your own anyway.

    Profile photo of Scott No MatesScott No Mates
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    Profile photo of Scott No MatesScott No Mates
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    Don't over analyse. Just check out how many DA's have been lodged in your council area for Granny Flats to see if your development will fall flat,

    Profile photo of Scott No MatesScott No Mates
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    Council doesn't particularly care who lives in the house (just known as unrelated parties).

    You will probably still require the same level of noise and fire separation. (To clarify noise separation, this includes something like 60dB on waste & water pipes which run through the other tenancy).

    Profile photo of Scott No MatesScott No Mates
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    Likewise, I would suggest contacting an insurance broker and let them do the work.

    Profile photo of Scott No MatesScott No Mates
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    Point 4 is very pertinent.

    You may get more bang for your buck paying down the LOCKS as it will have a higher rate of interest compared to the savings achieved putting money into the offset a/c.

    Profile photo of Scott No MatesScott No Mates
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    It will depend on whether you have any other property that could be called your ppor during this period amongst other things

    Profile photo of Scott No MatesScott No Mates
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    Who’s responsible for costs ie maintenance, rates, insurance etc during the option period & in what proportion?

    Profile photo of Scott No MatesScott No Mates
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    Looks from your question you are considering Terry’s option 1. Are you getting any other benefit in the meantime eg living in the house & not paying rent or just looking to purchase in x years?

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