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  • Profile photo of Scott No MatesScott No Mates
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    There will be several factors weighing in on this trend as to whether it is sustainable:

    a) migration – are the workers immigrating with families, dipping a toe in the water or are they fly in fly out?

    b) are the jobs temporary or permanent?

    c) is it having a knock-on effect to more distant areas?

    d) is supply going to keep up with mining-fueled demand?

    Profile photo of Scott No MatesScott No Mates
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    I would probably look at using an intermediary for one of the two sites – focus on the rented house, work on the agent that there seems to be alot of work to be done etc (good buying signs but also bargaining points).

    When you have both contracts, check if it is the same ownership or just luck/timing. If it is the same ownership then you could show your hand as wanting both and will deal for the right price.

    Profile photo of Scott No MatesScott No Mates
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    Loosely worded conjunction agreement preventing the c/o agent advertising under their own name?

    Profile photo of Scott No MatesScott No Mates
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    Ben,

    How many? Time frame? Pre-construction commencement? Delivery time frame? Price range?

    Profile photo of Scott No MatesScott No Mates
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    You will need to ensure that there are no related party transactions ie smsf cannot sell to you or family etc (unless it is commercial property) ie must be an arm’s length transaction.

    Development work is also pretty much ruled out as well – you may need specialist advice.

    Profile photo of Scott No MatesScott No Mates
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    Or buy some shares, much easier to ranger trade to make a cg. & profit.

    Profile photo of Scott No MatesScott No Mates
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    Checking one of the uk websites which sell them, they don’t look cheap.

    Profile photo of Scott No MatesScott No Mates
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    there was some topic a while ago which mentioned oten or TAFE Qld running one from their property faculty. Other independent sources might include local evening colleges.

    Profile photo of Scott No MatesScott No Mates
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    Unless they comply with Aust/NZ Standards they will not be able to be imported.

    Profile photo of Scott No MatesScott No Mates
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    Saving cents makes little sense. Many people see advice as a cost & of little value but when it comes to asset sales of hundreds of thousands $, a couple of grand is chicken feed, esp if it could have sat in a low tax environment eg super. Crunch the numbers, even with 15% tax rate.

    Profile photo of Scott No MatesScott No Mates
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    jayhinrichs wrote:

    I think the moderators frown on posting one's web site.

    Only if you’re not contributing ie just putting up senseless cr@p.

    Profile photo of Scott No MatesScott No Mates
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    Land tax exemption differs from stamp duty. Check the osr website if there are any exemptions.

    Profile photo of Scott No MatesScott No Mates
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    ‘Handed over’ – you no longer own them or are responsible for their upkeep.

    Profile photo of Scott No MatesScott No Mates
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    Opportunistic? Ambit claim?

    You/your agent aren’t even on the invoice, how do they expect to tie liability to you?

    Gets you off to a really good start with the tenant.

    Profile photo of Scott No MatesScott No Mates
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    Has your pm served notice of breach of lease for unapproved work? Why not?

    The unauthorized works ie Fitout, 3 phase, additional lighting etc have any of these works been approved or could the tenant have assumed approval due to you/your pm not telling the tenant to cease? Did the tenant have to install a 3 phase meter & board? Were these discussed at the leasing stage?

    Who has appointed the debt collectors? Is the work covered under the security of payments legislation? (ie has the correct notice been served to the party on the invoice? & the act followed?)

    Send me a pm to discuss offline.

    Profile photo of Scott No MatesScott No Mates
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    Profile photo of Scott No MatesScott No Mates
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    In order to become a BA you will need a degree in property economics or a Cert IV in real estate and hold an unrestricted real estate licence.

    Profile photo of Scott No MatesScott No Mates
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    @sydney wrote:
    thanks IP Freely. I will look around for buying agent. Do you where should I start?

    Google Buyers Agent Brisbane but there are some who work the forums or seek recommendations.

    Profile photo of Scott No MatesScott No Mates
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    As long as you have had your solicitor review the contract, prior to submitting your offer, are ready to have/had building & pest inspection & have finance inevitable the bag, and being prepared to walk within your cooling off period.

    Profile photo of Scott No MatesScott No Mates
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    there was an interesting article in the Eureka Report prepared with input from Moodys. It was showing areas with greater mortgage stress & arrears.

    It was also alluding to further drops in property prices.

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