No offence meant. Just pointing out that all too many investors want their cake & eat it when there are plenty of precedents.

Are you talking margin only or preliminaries & margin? Prelims includes supervision, non-trade labour, rubbish removal, setout, progressive cleaning, insurances, safety equipment, temporary services, site fencing, access, council inspections and plenty of other costs.

Profit is a % charged over all the costs of construction.

What would you be happy with?

My 2 cents worth: the valuation is based on the instructions ie if the bank is providing the instruction to the valuer it is usually for mortgage valuation purposes ie how much will the house realise in a distressed sale (when you default on the loan) – the banks need to know how much can they get without risk (your mortgage insurer will bear the risk of the other 20+% of the loan).

If you instruct the valuer for market value the figure will be higher.

If you instruct the valuer for replacement value, it will only be for the construction of a new build if the property is completely destroyed eg by fire.

There are also many other forms of valuation which will all result in different answers.

If I buy below market eg off a related party or for whatever reason then the instruction to the valuer should be for market value or fo mortgage purposes or whatever the circumstance and be done prior to purchase (or agreeing to the price if you need a negotiation tool).

Thanks Terry – not a biggy when you consider a land tax clause in commercial leases with calculations based on a single holding basis.

An advisor ‘should’ be impartial & paid on ‘fee for se
rvice’ not be recommending investment strategies based on them ‘flipping’ their own properties, in which case they should be declaring an agent’s interest in the properties being sold.

What is your issue with CT? At least all owners are liable for the upkeep of the common areas.

Unless you are able to put the access handle onto each property with no sharing of access or requirement on another owner to maintain the access.

Smoke and mirrors. Company pays less tax and distributes more dividends.

Shareholders receive greater dividend but less franking credit & pay more tax at your marginal rate.

Hmmm who’s the bunny?

I recall some wider changes in nsw about a year ago. it got a fair bit of attention because schools, rail goods yards, police stations etc are very hard to sell until the zoning has been changed. In many cases gazzettal leads to an ALC.

Dang Republicans.

Zoning laws changed a while back with large scale abandonment of 5a to the predominant zoning. School cam always compulsory acquire the land. speak to a town planner.