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  • Profile photo of Scott No MatesScott No Mates
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    January 21, 2012 - 5:50 am

    Alternatively (and depending upon your cashflow tc) you could consider insurance bonds, need to be opened with an initial deposit then you can only add a certain amount annually. As they are for 10 years +, there is no tax payable on interest earned. Definitely worth looking at especially for long term investment horizons.

    Profile photo of Scott No MatesScott No Mates
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    January 20, 2012 - 8:21 am

    Were you thinking of this one?  Millars List

    Profile photo of Scott No MatesScott No Mates
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    January 14, 2012 - 4:37 am

    Marcus, if you are getting no capital growth your total return is limited to the income generated from the property, over time the asset value might decrease (building depreciates, land stays neutral/slight increase) but overall no growth.

    So you will need to generate better returns over future years in order to get an acceptable overall return.

    Profile photo of Scott No MatesScott No Mates
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    January 6, 2012 - 2:54 am

    Register your abn & for gst. Make one remittance each year. Not that hard. Should take less than 1/2 hr if you keep your records properly.

    Profile photo of Scott No MatesScott No Mates
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    January 5, 2012 - 7:05 am

    use the existing floor as formwork & pour a couple of inches of concrete over it. Watch door & ceiling heights.

    Profile photo of Scott No MatesScott No Mates
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    January 5, 2012 - 7:02 am

    Only if it was previously your ip

    Profile photo of Scott No MatesScott No Mates
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    January 4, 2012 - 8:28 am

    Take it up with the Licensee, if they are aware of how incompetent their PM is (at the risk of losing business) something might be done about it.

    Profile photo of Scott No MatesScott No Mates
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    January 3, 2012 - 9:24 pm

    I am a little confused John. Are you approaching homes as a buyers agent (with client agency agreements in tow) or as a selling agent hoping to snag a sale?

    Either way, letterbox drops do have a low hit rate.

    Profile photo of Scott No MatesScott No Mates
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    December 30, 2011 - 11:51 am

    The thing to note is that there are different land requirements for duplexes as opposed to villas/town houses/units – it will depend upon what council will allow in the area. You would be best served by a local planner as they will be more familiar with TP issues in the area whereas a Brisbane based planner may need to acquaint themselves with the LEP/DCP (at your expense).

    Profile photo of Scott No MatesScott No Mates
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    December 30, 2011 - 6:06 am

    Drop me a pm

    Profile photo of Scott No MatesScott No Mates
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    December 28, 2011 - 8:18 am

    There is a large untapped market for 'pet friendly' housing. You may be able to consider charging a premium for 'pet friendliness' and also look towards some special conditions in the lease eg steam cleaning of carpet (but you are probably better off with hard flooring).

    Profile photo of Scott No MatesScott No Mates
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    December 28, 2011 - 7:46 am

    Just remember that the usual fundamentals apply for a commercial property – carry out your due diligence, check out any plant & equipment (engage appropriately qualified professionals to prepare reports), if you decide not to use the premises how easy will it be to lease out the premises? What other developments are approved/are these competition? It may be worth finding something which has a short term lease in place (initial yield will be higher due to impending vacancy/percieved risk ov vacancy).

    As it is to be a training centre, proximity to transport is a must (good tram links &/or close to CBD). You haven't mentioned your preference for strata or free standing buildings – the latter giving some potential for additional development (eg extension/rebuild etc) but obviously your budget will be a key determinant.

    Profile photo of Scott No MatesScott No Mates
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    December 28, 2011 - 7:35 am

    Absolutely nothing wrong with that logic, in the case of your super fund, there is no problem with purchasing commercial property. You haven't mentioned your ages so you may have restrictions on how much you can contribute via salary sacrifice.

    Profile photo of Scott No MatesScott No Mates
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    December 26, 2011 - 10:59 am

    If you have a copy of the inspector's report or the condition on the DA/CC which requires the gate to form part of the path of egress, then write, use the fax/mail not email, as it must be a proper notification. It has to operate 24/7 ie when the premises is occupied.

    As you have the undertaking from the agent, include a copy of this in your correspondence back to the agent & your insurer.

    Profile photo of Scott No MatesScott No Mates
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    December 26, 2011 - 7:50 am

    A gate is not a fire exit. Put your issue to the agent in writing & to your insurer. If there is a risk, you have taken the risk away from yourself by notifying the agent to repair and the insurer has a copy of the letter as well. Tellling the agent is one thing, putting it in writing you have a record which will stand up if queried by the coroner.

    Profile photo of Scott No MatesScott No Mates
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    December 26, 2011 - 7:46 am

    Are you prepared to lose the deal because you want to wait out the exclusivity period? Also, if you  don't like dealing with the agent, get a hired gun to do the negotiation, that way you have an expert on your side, you reduce your risk by not waiting out the exclusivity period & you don't deal with the agent.

    Profile photo of Scott No MatesScott No Mates
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    December 25, 2011 - 10:21 am

    5 months looking must mean something. This might be a hint.

    Profile photo of Scott No MatesScott No Mates
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    December 24, 2011 - 11:25 pm

    you could probably talk to someone from Archicentre, they have a range of architect who can prepare a roughy for a small cost

    Profile photo of Scott No MatesScott No Mates
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    December 24, 2011 - 11:21 pm

    What does the lease say with regards to repairs and maintenance? Is it part of your fitout obligations or the landlord's structure? Which state? Is it retail premises, commercial, industrial or residential?

    Profile photo of Scott No MatesScott No Mates
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    December 22, 2011 - 9:24 pm

    Good point Matt but it will create a bit more pressure on the cheapies.

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