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  • Profile photo of Scott No MatesScott No Mates
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    July 18, 2011 - 11:58 pm

    Call up or visit one of the display home centres.

    Profile photo of Scott No MatesScott No Mates
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    July 18, 2011 - 11:24 am

    if the property is still or sale through the agent, they will receive the commission regardless.

    You could ask the tenant but they may be leasing through the agent & their details not disclosed.

    You could submit an offer for an option subject to a DA. Yes you would lose any design costs or planning fees – check the zoning certificate for the allowable use or discuss it with the council’s planner.

    Profile photo of Scott No MatesScott No Mates
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    July 18, 2011 - 5:52 am

    I'm with Terry on this one. Birddogging is illegal unless you are are a licenced agent (or licensed buyers agent).

    There are plenty of places offering your licence in 4 days for a couple of grand or alternatively you may wish to learn something and do the 4 week course through the real estate institute.

    Profile photo of Scott No MatesScott No Mates
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    July 18, 2011 - 5:36 am

    Pretty much so – get on to your insurers & find out what they will require eg police/fire report etc.

    Profile photo of Scott No MatesScott No Mates
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    July 16, 2011 - 10:20 am

    Capital costs = cost to build, not cgt or profit. Essentially, buyers will need to pay more for initial purchase costs due to higher construction costs with resale values still generally unproven. Sinking fund costs eg provisions for replacements are also higher as there are no subsidies for replacements only new installations.

    Profile photo of Scott No MatesScott No Mates
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    July 16, 2011 - 10:12 am

    Which taxes?

    Profile photo of Scott No MatesScott No Mates
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    July 16, 2011 - 10:09 am

    You might consider one of the larger city agents like CBRE, Knight Frank or Jones Lang Lasalle etc, each who handle larger commercial/tourism type properties.

    They each have specialist consulting & valuers services.

    They may consider a conjunction sale with one of the local agents but if locals aren’t the intended market, they will be able to garnish national campaigns.

    Profile photo of Scott No MatesScott No Mates
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    July 15, 2011 - 10:10 am

    All good in theory but yet to be proven. There are higher capital costs associated with this type of development and the payoff takes a long time.

    There is one eco-friendly development recently completed in Sera St, Lane Cove. Lots of EF features but not cheap. Whether BC costs will be lower will yet to be proved.

    Profile photo of Scott No MatesScott No Mates
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    July 15, 2011 - 9:29 am

    I’d suggest using a valuer also. Select one who has a regional base. Contact the Australian Property Institute for guidance.

    Profile photo of Scott No MatesScott No Mates
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    July 13, 2011 - 11:54 am

    this is technically a shared cost between all owners. By allowing one owner to decide who, what, how etc it will expose BC to an unacceptable level of risk should the work go pear shaped. This would best be arranged through the strata manager who would have better access to contractors and be more thoroughly versed in tender processes and contract administration.

    Profile photo of Scott No MatesScott No Mates
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    July 12, 2011 - 11:10 am

    That’d be a first in my book. BC is voluntary, they cannot charge for their time. The strata manager may be able to charge its time & enforcement costs. Contact fairtrading.nsw.gov.au or vcat Etc…….

    Profile photo of Scott No MatesScott No Mates
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    July 12, 2011 - 9:27 am

    Read your contract, contact vcat & familiarise yourself with the steps which can be taken either to compel the builder to complete or repudiate the contract.

    Profile photo of Scott No MatesScott No Mates
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    July 12, 2011 - 3:45 am

    Get a valuer to give you a figure.

    Profile photo of Scott No MatesScott No Mates
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    July 11, 2011 - 11:31 am

    REITs are required to to revalue 1/3 of their assets annually. AFAIK, SMSFs have no such requirement – it would just be good practice to do so at a similar interval.

    Profile photo of Scott No MatesScott No Mates
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    July 11, 2011 - 8:28 am

    why not just get a price reduction equal to the stamp duty?

    Profile photo of Scott No MatesScott No Mates
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    July 8, 2011 - 9:24 am

    This all depends upon what you have arranged on the management agreement. It stipulates the duties to be performed eg adverts, vetting prospects, recommendation or selection of tenants, reference checks Etc…….

    Profile photo of Scott No MatesScott No Mates
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    July 8, 2011 - 9:12 am

    Try the rei or api or the stanton library.

    Profile photo of Scott No MatesScott No Mates
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    July 7, 2011 - 10:58 am

    Firstly , a valuer does not ‘assume’. Based on the current restrictions, the highest & best use is NRAS. There is a limited market for this type of investment as it achieves a below market return, valuations are not based on tax incentives as each person’s tax situation is different.

    You will achieve a better valuation when there is only 1 year to run on the agreement or if property values go through the roof making it worthwhile to end the agreement.

    Profile photo of Scott No MatesScott No Mates
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    July 7, 2011 - 10:37 am

    You cannot strata an area for future development – this can only be achieved through stratum subdivision.

    Profile photo of Scott No MatesScott No Mates
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    July 7, 2011 - 9:09 am

    to ask a stupid question: to what purpose? If you do not have any rights over the land how would you propose to put on any further development?

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