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a p/t b construction management is the way to go. It covers most of the important stuff like design, services, estimating, management, engineering, law, accounting, property economics etc (& building – but that’s not so important!). Working the 6 yrs (or shortened course with 1 or 2 yrs full time) gives you a great career path & knowledge to go into other ventures.
Gotta love those one don’t you Richard
What sort of management rights? Rent roll, strata or holiday lettings for a building?
You need to hold the appropriate licence.
which planning office OA ? There is no such centralised beast in Oz.
you should check what your sales or management agreement says. It should have a schedule of rates & whether or not they keep any rebates or discounts.
Likewise , I have a few ins with a couple of development companies in the inner city & north shore.
There are several standard form contracts available, working with non-standard contracts can be risky & expensive.
The HIA, MBA & RAIA all have standard formas. RAIA are more slanted to the owner. Standard building contracts have been tested in the courts & have precedents.
Usually goes through the hands of the liquidator – so you need to watch the legal notices of who has gone broke, who the liquidator is and contact them to find out
Raise the issue with the licensee of the agency. If you have no joy, take the agent to the Vcat/Fair trading.
Which city?
just keep shooting in low-ball offers. Go back with a lower offer than your current offer, cite changing market conditions. Even prices in Mosman have dropped 5-7% since late last year. Offer expires close of polling on saturday
Option with another option to extend (would mean putting down a little more $ for the extended period but there is no huge outlay early on) or alternatively an option and failing exercise of option the 1st and last rights to negotiate with the vendor prior to sale.
There are good & real bad areas around Moree. Check with the local cop shop or school for the better streets.
If you don’t want to stand out, don’t wear a shirt with a collar, trousers or leather shoes.
what is on the asic website?
asbestos may be in many pre-mid 1980’s materials. Lead, mostly in paint.
Building issues are a fact of life, so is risk.
Although you can purchase commercial property from a related party eg your own business premises.
Try a subscription to RP Data or Aust Property Monitors.
It is all about timing and location. Areas like Darwin (and probably Townsville) have experienced alot of growth in prices, so those who have invested 5+ years ago would be smiling. Supposedly a set & forget investment with no vacancies & a tenant who looks after all aspects of asset management – pretty much needs to be analysed as a commercial investment as the lease exceeds 3 years.
If you are time poor or a novice they may suit but it is up to your own due diligence as to whether or not they will work for you.
As for having little scope for further development – well, they are generally new and designed to suit one particular client in mind however are very similar to every other house/unit in the area – 10-15 years down the track you might consider adding a pergola/carport/pool or whatever to improve your returns.
Pricing/rent – well that comes down to your own research. Do your own comparison with a similar property (and see how it goes, allow for management fees,letting fees, advertising, vacancies (at least 2 weeks/year) maintenance, refurbishment and your own time – it could surprise you).