TMA means that you could have a good and unblemished credit rating,but that won’t be enough to increase the LVR for a commercial property.
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great posts guys…but what is “buku depreciation”?

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Try this link for some useful advice!

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https://www.propertyinvesting.com/forum/topic/17675.html

Here is some info that gives the basics of adverse possession.

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Adverse Possession
This is an old doctrine that says, basically, that where a trespasser remains in possession of land for a period of time (generally 15 years) then that person acquires ownership of the land.

The doctrine prevents someone who has used land for a long period…[Read more]

I can speak on this with some experience.I bought a serviced apartment in 1988 off the plan for 188000.I know you will all like this..it was cash flow positive(with 99% finance),even before the considerable tax concessions were taken in to account.The money came in every month on time,and the only outgoing I paid were for the council rates of…[Read more]

We pay around $100 per square metre for asphalt here in Victoria,but this is not suitable for heavy traffic.If you are going to be running trucks over it,the base will need to be thicker.The end price will also depend upon any excavation required to level the land and provide fall for water run off,as well as any drainage,relocation of existing…[Read more]

As Damian said,asphalt can be laid when it is raining,as long as the rain is running off and not pooling.With a new road,you wouldn’t expect there to be any pooling in the sub base.In new estates,what is often done is that the first layr of asphalt is layed,and the second is not done until after most of the houses have been built,to avoid damage…[Read more]

Hi guys,not really on the servo topic,but I have had experience with other contaminated sites before.We built 5 townhouses on what was the site of a police station.The ground was contaminated with lead and arsenic ,and all that was required was that the ground was completely sealed.ie,all external areas had to be concreted,and garden beds had to…[Read more]

I’m with Michael and others…don’t sell.I remember when Elwood was like Richmond or Fitzroy,when nobody wanted to live there.But look at it now,and it still seems to be going up.You are perfectly positioned only 100m from the water,so I would be renovating,strata titling and holding them for a while yet.You would then have the flexibility of…[Read more]

Be careful in copying someone else’s plans.The copyright belongs to the architect,and simply adding or removing a few walls or windows is not sufficient to show that it is your design.

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advertising…how long will this post last!

I am studying business part time,and have just paid for first semester…$1933.00 for 3 units.Paying upfront as I did gets a discounted rate.
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I think these guys re related to insurers hotline.I have an old vehicle insured with them,and they are as cheap as chips.But I have never had to make a claim so don’t know what they are like on that side.I have found,however,that every time you ring to ask them something,each persaon you speak to will tell you something different.

i RECEIVED IT A FEW MONTHS AGO,AND FILED IT IN THE BIN.iT WAS IN THE NEWS AND THE PAPERS…PEOPLE WHO PARTICIPATED IN IT,NOT JUST THE INSTIGATORS,WERE BEING PROSECUTED.iT IS ILLEGAL!

Bugger,just looked at the caps lock….

serfguru,are you the vendor for this property?????//

My property is fully partitioned,carpeted,painted etc……someone needs to take responsibility for all I have supplied to the tenant

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Hi Robert…no,where can I see the demo?

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The hotel I referred to above is the Whitehorse In in Hawthorn.The owner wrote in to yesterday’s Herald Sun in Melbourne: “Six years ago I paid $1400,and last year my land tax was $33,000”.He also said “Valuer General has directed councils to rate properties not on their current use,but the highest,besat possible use,based on options that…[Read more]

The thing about Vic land tax is that with the boom in property prices over the last few years,land taxes have soared.I think that there is a sliding scale for land tax,and land owners and commercial tenants are constantly being pushed in to the next tax bracket.The inner areas of Melbourne seem to have been particularly hard hit,or at least they…[Read more]

Demolition costs really depend on what they can salvage from the building.If you have a period home with baltic flooring and arcs,skirts,doors,windows etc in good condition,it is more likely you will get it done for free than if it is a non descript blonde triple fronted built in the 70s.I had a mate at work who wanted a house demolished and they…[Read more]