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  • Profile photo of Scott No MatesScott No Mates
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    Discuss your requirements with your solicitor first to ensure the lease is made a condition of the contract – a standard residential lease is only covered by Fair Trading/ VCat if the term is < 3 years.

    Then contact a few agents to get their opinions – choose the agent who is most attuned to the situation, don’t go on estimated price, marketing costs or commission alone as they will all offer the same spin.

    Profile photo of Scott No MatesScott No Mates
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    Kong, there are plenty of places which provide these services. They generally have a large inventory of furnishings to create several themes. As they must carry large quantities of furniture, they also have warehouse facilities.

    Profile photo of Scott No MatesScott No Mates
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    if the property is currently leased, there is precious little you can do about the presentation by the tenants, that’s the way they live.

    If the house was vacant a stylist could provide you with as little or as much as you require – from furniture to rugs, accessories, artwork Etc……. Cost will vary with the services provided & length of hire/eot. They will also advise if you need to touch-up painting in specific rooms.

    Profile photo of Scott No MatesScott No Mates
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    That’s what I thought too. Independent vs interdependence.

    Self-reliant vs relying on others.

    Profile photo of Scott No MatesScott No Mates
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    none that I can think of off the top of my head.

    In very general terms, you will be required to remit 1/11th of the contract price as gst (possibly less if using the margin scheme).

    Profile photo of Scott No MatesScott No Mates
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    To add to Swampy’s notes above, if you are not living in the property as at 31/12 then you may be liable for land tax, if your total holdings in the state exceed the threshold.

    Profile photo of Scott No MatesScott No Mates
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    How about a yurt or some reconditioned site sheds?

    Profile photo of Scott No MatesScott No Mates
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    I was doing my shopping around the lower Hunter region today. Maitland & surrounding areas are a stone’s throw from the coal fields & Newcastle. Plenty of housing in that price bracket.

    Profile photo of Scott No MatesScott No Mates
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    Garages generally aren’t habitable rooms. That is, the walls, fenestration and ceiling heights do not meet the BCA requirements.

    Setbacks won’t be an issue where the building meets the BCA standard – zero lot lining is permitted provided there are no fire source features ie windows & doors.

    Profile photo of Scott No MatesScott No Mates
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    2 possible answers: as the lessee is the bookkeeping company, will they pay gst on top of the rent? Or just be happy with standard gst exempt status.

    Profile photo of Scott No MatesScott No Mates
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    is the property owned by you/your company with the abn? Is the bookkeeping company’s name on the lease?

    As you are not able to charge gst on residential, issue one invoice for the total rent payable to be received in monthly payments.

    I do find that most accountants will accept that the lease is sufficient to evidence the requirement to pay rent & the direct credit at the bank is evidence of payments.

    Profile photo of Scott No MatesScott No Mates
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    One reason that most property owners and investors use a solicitor or conveyancer is risk mitigation – it is better to have someone to sue if there is a bad title or something goes wrong than to have to focus all of your energies to get vacant possession on settlement or to push for settlement etc.

    Profile photo of Scott No MatesScott No Mates
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    For a small rental like that, I wouln't anticipate much of a discount from what you'd be paying for residential  – say around 7% + gst in Sydney metro although it will vary depending upon the type and quality ofproperty

    Profile photo of Scott No MatesScott No Mates
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    check with council as the lep should indicate if the land is in a slip zone (obvious, if on the hillside).

    Profile photo of Scott No MatesScott No Mates
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    There is plenty of room for special conditions provided they don’t contravene the RTA.

    Something as simple as ‘…the tenant acknowledges that the owner has received development approval & may commence construction without further reference or compensation for disturbance to the tenant’, could probably suffice.

    Profile photo of Scott No MatesScott No Mates
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    There should be full support under the bath – it reduces damage from point loads.

    Profile photo of Scott No MatesScott No Mates
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    Bend the agent’s professional indemnity insurance. The initial judgement is against you as owner however you may be able to prove a case in negligence against the agent and to claim the same + costs.

    Profile photo of Scott No MatesScott No Mates
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    otherwise you could look at some of the quantity surveyors’ websites

    Profile photo of Scott No MatesScott No Mates
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    Some agents will accept a small part of the deposit on a card but be wary of the fees.

    I am pretty sure that stamp duty must be paid by bank cheque – solicitors are pretty rigid on that count.

    Profile photo of Scott No MatesScott No Mates
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    Generally , the ppor is exempt (not sure if there are limits on value).

    There is also a test on how much you are allowed by way of liquid assets & benefits paid via redundancy.

    You are probably best informed by contacting Centrelink.

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