The Park Ridge planning scheme ammendment instrument currently has no criteria for self-assessable annexed units, therefore the ‘fact sheet’ is outdated.

In fact, this fact sheet is already outdated as the LCC area currently has three town plans in effect at the moment. The new town plan will be consolidating these.

We also have some properties…[Read more]

Hey mate,

You want to have a minimum for a single bedroom (2.4wx3.0L)
For a master bedroom minimums are (3.6wx3.3L)

Sorry, here is the LCC map: http://www.logan.qld.gov.au/__data/assets/pdf_file/0009/8847/Logan_Map_Updated_May_2012.pdf

Hi Kimberley,

What area are you located in? If you are using a private property that you own, and are in the SEQ region we might be able to help you out.

Some pointers to start:

Brisbane bans this type of thing, and run operations catching people out.
For all intents and purposes, Ipsqich bans the same thing.
Heres the interesting thing: Logan…[Read more]

Hi Dao,

Look, I think the maximum is 8 unrelated persons, I could be wrong on this but I am PRETTY sure that this is the case for the local town plan in LCC. Other LCC rules vary. For example, Ipswich city council ONLY allows related persons. 

Anything above 8 and you start into boarding house territory, which means you have to comply with…[Read more]

It depends how much money you are talking about. Don't be TOO worried about prices of property if they have dropped sharply. If you are comfortable, the general rule is buy when the market is down. Obviously, no one knows where the bottom is exactly until its too late. So if its for pleasure, sure. Why not?

Just don't go dumping millions in…

Hi Donnie,

Ok in regards to zoning:
No. Zoning is not a deciding factor regarding this. However, land size is. The land MUST be 600m2 or greater. If you have a block of land that is 599m2, this is impossible. Logan City Council is great in regards to zoning however, as they have an R rating. That is, you can 1 dwelling per R value. I.E. a…[Read more]

Actually, the demands is huge believe it or not. We have real estate agents renting our old tenancies out before the new tenants arrive.

When we do our own management, we find our tenants on gumtree. We get around 1 response per hour after 7pm and around double that rate during the day. We have to pull the ads off after around 12 hours of…[Read more]

Hi Phoebe. 

Granny flats go up fast. The pre-built stuff will go up about as fast as one from a home builder. Many people don't realize once you have closed the place in you are at the half way mark. So don't be fooled. Go with a home builder who has a portfolio of his own investments, as well as some he can show you.

We do this for our clients…[Read more]

Hey man,

I know you are looking at the 70k a year positively geared investment stuff. I would tell you one thing that is for sure. Never sell your property unless you are in 2007 or another situation. There is one thing I have learned property investing and that is:

1) If you don't have the equity for a 20% down payment, don't do it. Don't…[Read more]

Hi Lyndon,

Yes, it is beneficial to have rear access but this is not necessary. Neither is it necessary to have side access but it is desirable.

A few things needed for an annexed unit:

Car park (not car port, a car park can be on the 6m of land between the front of the house and boundary. It does not even need to be covered).
Within 20m of…[Read more]

Hi Brazen,

Unfortunately I cannot see the article as the page is not found. I am talking specifically about the SEQ area, not NSW. I know NSW is limited to 60sqm. In Logan City you can build them up to the size of the existing house.

As a builder, I know $800/sqm is very cheap. Buyer beware when you start seeing prices this low.

Hi saml,

We have only done LCC as it is local to us. We stumbled upon this strategy after receiving an show cause notice from council inspectors after two tenants complained to each other. We went to see the head LCC town planner along with some infrastructure people ect. There were around 4-5 people in that room with a recorded meeting. They…[Read more]

The typical rule of thumb is to segregate your assets and investments as much as possible. This way you don't have that 'domino' effect that can bring massive companies and massively wealthy people to their knees.

It is very sad when you see these things happen.

How are things going with this ABC company? This is probably one of the more interesting threads here. Anyone heard from Joanne or anyone else involved with ABC?

Hi, xdrew, great post.

The only point of contention that I have is in your separation of gold, silver and other commodities with property. Property is just as valuable if not more so, since not only is it finite, but it is also of USE.

The same can be said of silver and gold in electronics, but land has a use for creating food, and providing…[Read more]

Unfortunately when the currency weakens, the property strengthens.

Property (read land) is an asset. As inflation runs off, so does the price of the property, as it holds its value.

I know that in Logan City Council you can actually rent out on separate leases if you have an 'annexed unit'. Speak to some town planners in Sydney to see if this is possible in your local government area.