Hi Leharna
The law covering the actions of PMs sounds unbelievably toothless in Victoria.
I'm in NSW, and here it's got teeth.
Just for the information of us Forumites, can you please tell us :

The source of your first paragraph about the law ?
Which Govt Dept licences PMs in Vic ?
Under what Act are PMs licenced ?

Sorry you had such a low yield outcome, it sucks cleaning up and fixing up after scum trash n run, not to mention the loss of well-deserved income, interest, time etc. and aggravation to selves and jobs. Hope it's your first and last, ever.
Cheers
thecrest

Sounds like the BC's fault, since you don't organise the workmen's schedule.
The body corporate should have given you the property owner as well as the resident tenant any available information about the proposed works, and if it was BC work, then BC should clean up too. 
The tenant should have been advised about the work schedule in case it caused any inconvenience.
Too hard to fit workmen into vampire hours so I'd say bad luck for the tenant's lost sleep.
Too late for you to avoid the problem and the tenant didn't give you any opportunity to mitigate any loss and made no attempt to let you know ahead of time to mitigate the loss either, bad luck for the tenant there.
I'd be inclined to send the tenant a couple of movie tickets bought on your credit card so you have proof, and an apology.
Vampire tenant is unlikely to spend all day sleep time  waiting around in a Tribunal for a doubtful outcome.
Tenant might be due some compensation, but most likely from the BC, not you.
cheers
thecrest
   

Future residential tenants may be driven out by commercial development around them.
When I picture a house between factories or warehouses, I only see problem tenants.
Land should appreciate, could be a site to place a commercial building in the future.

cheers
thecrest

Good question.
Other factors affect the price over 5 years, like
proximity to infrastructure like freeway, hospital, shops, school,
local employment
land size
supply & demand of housing in that area
Not easy to compare these 2 , because there are pluses and minuses,
the house has one more brm, more land and probably on ground level, while
the townhouse probably has less land, maybe 2 levels, but proximity to beach & city.
My money's on the house due to bigger land and more bedrooms.
cheers
thecrest

There are brokers on this Forum who've been helping people for a long time, as you can see from the number of posts to their credit and the date they joined.
They deserve the support of the forum members.
cheers
thecrest 

Can't wait for Monday morning to ask St George about this and see how it works at their place.

cheers
thecrest

Hi Richard n Banker
OOOOhh  goody, is this an option to those conservative valuers so favoured by the big 4 ?

Coz I'm in the process of discussing this problem with St George, where I want to buy residential property, then mortgage it to release funds to buy a commercial property (motel), which then gets me a commercial loan at res rates BTW.
But, the point is, bank valuers are conservative ( unless they want to get struck off the bank list of favoured valuers), so for example, if I buy a res property for $500K cash, val is 90%, then bank will lend 80% of val, I've lost at least 30% of the borrowing capacity of my $500K cash through banks allowing themselves big security buffers at my expense.  

Anyone got any ideas ?
Maybe I should make this a new post instead of digressing off someone else's post, sorry Qld .
cheers
thecrest
 

Well done Elli – mystery shopping your PM, paid off too.
That vacant property could've been yours next tenant changeover, (may you never have one).
When I was a PM, I always worked Saturdays, because that's when the gainfully employed can do inspections.

God of money's bum looks like poo bear, just saw 3 in a row, more than enough this time of night.

BTW, great post thanks Richard.

Anyone want to share the $215 cost of Residex Top 100 report as per the link ?

http://www.residex.com.au/index.php?content=top100

If so, PM me.
cheers
thecrest