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Scott No Mates
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December 18, 2010 - 5:18 am
each capital city market is different. The past is no indication of future trends. Government policy has a greater effect on prices in the case of supply.
Scott No Mates
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December 18, 2010 - 5:07 am
what utter bs!
these organizations collate sales data from official sources like the osr & LTO, they may provide some analysis but they sell the data to the wider property industry. They don’t sell property, don’t get kick backs from the property industry so there is no need for them to skew the data. If the data was unreliable, then the banks/valuers etc would have all sorts of issues.
The providers of data are just that, they do not provide financial advice, sell property or other services, in short, why do they need unnecessary regulation?
Scott No Mates
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December 17, 2010 - 11:35 am
try the local noticeboard for sharehouse or the gumtree website.
Scott No Mates
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December 17, 2010 - 5:41 am
More smoke less mirrors?
Scott No Mates
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December 17, 2010 - 3:54 am
Although now is not the best time of year to be listing a property/development site (due to everyone having switched off their brains for Xmas), it may be worth considering calling in a few commercially minded estate agents (not necessarily the local reas but but those who are listing/selling new developments) with a view to sell the property with a DA in place.
Alternatively, you might consider contacting Graham Millar (Millar's List) and listing your site with him.
Scott No Mates
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December 17, 2010 - 12:41 am
I'll restate, the price that the owner paid has very little bearing on what they will accept – it is more important to know what everything else around it is selling for as well as the metrics for the current sale eg time on market which will have more concurrence to the current negotiation.
Scott No Mates
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December 16, 2010 - 11:13 am
I cannot for the life of me work out why people believe that they will be in a better bargaining position if they know when the vendor purchased their property. It bears little relevance to today's market, the circumstances of their purchase, the extent of work which may have been undertaken or any windfall gains that they have made on the property.
You are far better off knowing what land is worth in the area and making an adjustment for the specifics of the property.
Scott No Mates
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December 16, 2010 - 10:35 am
Cheers Tim.
Scott No Mates
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December 15, 2010 - 11:28 pm
jcar, the advice provided to you is coming from other landlords. If we can't see the reasoning behind it and have pointed out some of the downsides/dangers…………..
jcar11457 wrote:
well, that's their problem as long as it does not affect me.
cheers
Well, yes, it does affect you. You are knowingly aiding & abetting whatever scam your friend is getting up to for no reward but for all of the risk.
Scott No Mates
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December 15, 2010 - 10:08 pm
if your lease says it is TBA then you cannot prove that you have a right to occupy the premises.
If it is an agreement between friends, it has the opportunity to screw up a friendship.
Scott No Mates
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December 15, 2010 - 9:47 pm
possumpal wrote:
Hi
Not sure what state you are in but I' am 99% sure that in Victoria it is a 3 day cooling off period, and even if you get someone to sign a document to waive there cooling off period, it will be void.
Thanks Tim
It is quite legal to waiver the cooling off period provided you have a S66W certificated signed by the purchaser's solicitor saying that they have advised the purchaser about what this means & how it affects their right to recind the contract.
Anyone purchasing pre-auction generally signs a S66W as well because you do not want to take the property off the market whilst it is subject to a cooling off period for fear that all the money spent on marketing will have been wasted if you then lose other buyers.
Scott No Mates
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December 15, 2010 - 9:43 pm
Yes, how can you prove that you have a right to lease the house if it says TBA? You cannot agree to lease a premises if you cannot determine it's address – the owner may change theire mind and say you agreed to stay in the garage or in a flat in another suburb 200 km away.
It will make no difference to the owner – it is a con. What is your rental bond form going to say "Address: TBA" which will not be accepted by the Bond Board or is the owner going to hold on to your bond as well – which is illegal. Have you been given a copy of the Renter's Guide for your state?
Is the landlord going to issue you with receipts?
Scott No Mates
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December 15, 2010 - 8:47 am
a little bit of preparation goes a long way – surely the Agent’s fees couldn’t be that much.
Scott No Mates
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December 15, 2010 - 8:40 am
if you’re the vendor this is to your advantage. Has the purchaser offered a S66w or is the solicitor just pushing? Effectively, the purchaser will have completed their due diligence.
Scott No Mates
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December 14, 2010 - 9:56 pm
It does come down to what is an improvement and what is required maintenance. Maybe you have a house proud tenant who wants you to pick up your act so that they can maintain the place in the style that they are accustomed to.
Scott No Mates
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December 14, 2010 - 12:09 pm
take a step back. Are the comments valid? Would you expect those items to be fixed before you moved in if you were leasing the house? were you aware of the faults as it was your ppor?
Scott No Mates
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December 14, 2010 - 8:17 am
look @ staff:# properties ratio
Quality & experience of staff
Time with company
Size of rent roll – bigger isn’t necessarily better
This is a job interview after all.
Other costs:
Inspections
Letting fee
Postage & statement costs
Discounting for 2nd + property
Advertising rates, locations etc
Scott No Mates
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December 14, 2010 - 12:45 am
Location, infrastructure, employment……
Scott No Mates
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December 14, 2010 - 12:44 am
Just start at one end of the phonebook & start ringing. Speak to the Principal.
Scott No Mates
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December 13, 2010 - 11:32 pm
Nup!