In this case there are no capital gains to be had.They said at the end of the show that after 5 months (I think),the property was still unsold,and the price had been dropped by $60,000.I think the auction reserve was $415000 to break even,so he and his partner will have a significant capital loss.

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Thanks Martine,

I complained to the estate agent resolution service at consumer affairs,but it was a waste of time.They did speak with the agent concerned,but it seems he was able to do what he did because of the small print on the sale authority.The authority was for 10 weeks,and you would expect (at least I did) that at the end of 10 weeks,the…[Read more]

Hi Ambo,

When you say the agent has “Assured” you there is council approval for extensions,haven’t they showed you the planning and/or building approvals?I would think they would be an important part of the marketing campaign.You don’t want to go in to a deal on the basis of extending,and find out it is not possible.

Tools

Oh dear….sounds like advertising…….

Hi Calvin,

I wasn’t having a stab at anything you said,just throwing in my two cents worth.I am happy to help you or anyone else with anything I can,all you need to do is ask!

Tools

Oh dear….where to start….

whether to fix skirting prior to tiling or not is a matter of opinion.With 20 years of experience in building,I would suggest you fix the skirtings before you tile.If you go the other way,you will find that you will have gaps between the tile and skirt all around the room.Even “professional”tilers don’t manage to…[Read more]

Ali G,
yes.of course it is because their services are in demand,but if they can’t find time to see me for 3 weeks,how long is it going to take them to do the work for me?There are plenty of other accountants that come highly recommended and are extremely knowledegable on IPs,so that is where I am taking my business.But,each to their own.
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Hi Tony.

I agree,it should be a last resort,and I have tried to tell him it is a pretty drastic step to take.I hope his advice has been right.I know his tax bill alone was $26000,plus other debts.What is the ITSA?

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Looking for a new accountant for tax return/GST return etc….rang Gatherum-Goss as many people on here see him as some sort of god…rang last Wednesday at midday and was told someone would have to ring me back to make an appointment…no-one rang so today (some 5 days later) I rang again…same story,someone will have to ring you back..thi stime…[Read more]

Wayne,

I am not sure what you mean by “small wall tops”

The window section you are referring to is called a window nosing,and it attatches on to the window sill.It is available off the shelf in a variety of timbers,or you could run it quite easily with a router.If you are in Melbourne,you will get it from a number of places:

-O’Shea and Benett…[Read more]

Hi all,

i went to the seminar two years ago,and it was the most exciting weekend I have had for many many years.I consider myself to be quite conservative and reserved,but when I decided to go (I had wanted to go the previous year when it was in Melbourne),I thought I had to make it all worthwhile.On top of the ticket,I also had the cost of…[Read more]

Qwerty,
If I was doing a job for you and you tried to talk down to me like that,I would be packing up my tools and going.Most tradesmen take pride in their work and aren’t going to leave a poor job.Do you tell your doctor or accountant or baker the same thing??????

Rang 2 commercial property managers ( not RE agents) and was quoted 4% and 5%,considerably cheaper than the 7.5 I now pay.
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Seano,

Yes, the builder must ask for,(and you canno tunreasonably deny) an extension of time for it to be granted.If the contract was for 140 days,and they are nearly finished at 9 months,it doesn’t sound like they are much over time.As Derek said,the contract is in working days,and that is for 5 days per week,less public holidays,RDOs,rain days…[Read more]

Hmmmmmmmm…seems to be a common theme……I wanna go to the Melbourne Llaunch please!

Tools

Hi Seano,

Have you taken in to account any extensions of time that have been or could be claimed by the builder?The builder can claim an extension of time for any variations made to the contract by you,and for anything beyond the builder’s control that holds the project up.

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I had some kerb and channel done a few weeks ago and all the quotes were around $90 lineal per metre.For asphalt we pay around $100 per square metre for a hot mix,not a spray seal.This would only be light duty though,say for a driveway.A public road would cost significantly more because of the preperation underneath required.

Hi guys,thanks for your replies.I got a copy of the lease today which is a standard commercial lease from REIV.It looks like the tenant pays for just about everything……..just the way I like it!
Tools

There is no such thing as a developer’s licence in Victoria.Anyone can be a developer without any qualifications or licencing.If,however,you wanted to undertake some building works without engaging a builder,you would need to be a registered builder.Subdivision of land does not require a licence of any sort,but you would have to use licenced…[Read more]

Hi kay,
Yes,there is a long service scheme in the industry.It is not compulsory,but is available to all,and is portable from one employer to the next.It is also available to people such as myself who are self employed.The nature of work in the industry can be contract,full time employee or casual.We also have superannuation and redundancy schemes…[Read more]