If your unit block is new it might have individual water meters, if not you will be paying. If there are meters that might only save you $80 per unit per quarter.
BC – well this depends, a brand new set of units you buy off a builder may not have the BC stood up yet. You as the sole owner can run it without the BC in-place. But you will need clarifications on this one.
BC- usually covers Insurance and garden maintenance so you will need this regardless.
nice tip, under 6 months, that fits with our plans, so we would have to rent the house for a maximum of 5 months per year. And we can live in it for the remaining 7 months of each year?
I can help you with this. If you are a small time operator, it is not worth your time effort and money. Not unless you are buying enough to build a Meriton and are filling 20 containers.
My friend imports to building materials for apartments into Fiji, but that is because he cannot buy locally.
I bought building tools into Australia, only half a container worth. My import quote was $1200, but it ended up being around $4,5k-5k total, ontop of material costs. He had fees out the wazoo, wharf fees, customs fees, taxes, sitting at the dock fees, unloading fees, postage and phone call fees.
My product ended up costing my about half the local price, but it was a lot of effort to save $4-5k. Not worth it really.
But if you are buying a whole container it might be worthwhile… It really makes you appreciate the prices at Bunnings, they are very reasonable.
your outside fences are your own problem, split that bill with the owners on each outside fence.
Is Family A going to pay for half of Family B’s Tv when it also breaks? lol
This reply was modified 6 years, 4 months ago by vyaw2003.
If i invest $300k with the developer. The build takes 1 year. Total price for project is $3 million including land. The amount of units is 10; the cost is $300k/ unit. How much would the developer expect to sell this unit to me? He need to make a profit, but as the investor, I would not be interested in then having the right to buy it, paying market rates of $480k.
If there are structures like this around, where the TCO of the unit for me is $320-50k I would definitely be interested in this. Obviously the bigger the unit complex the longer the project.
If there are developers out there that have such arrangements please let me know. Salim Mehajer please don’t bother replying.
do you think it would be possible to find a large Commercial building under $500k in Australia?
Suburbs I am interested in: Toowoomba, Ipswich, Gold Coast, Sunshine Coast, Bendigo, Ballarat.
ok, so i would have more chances at converting an entire smaller building, and it only makes sense where it is a great buy price, buying an entire building is a lot different to just buying 1 floor. I do know of an inner city tin shed and half of it was converted into a 2 bedder. Would that have been hard to get conversion approval?
you go in to the real estate (BC) agent office and demand to speak to the owner. Take some food and a bottle of water, say you are not leaving until you negotiate with the agency owner.
No doubt a junior admin (23 year old) is in charge of your half million $$ investment.
what is this Ground-Rent? Ground-Rent is the name given to the payment made by tenants to landlords, or by leaseholders to the State, for the use of bare land, apart from improvements. If a tenant hires the use of buildings, or other improvements also, he makes a further payment that combines the charges of interest, depreciation, and insurance.
does the owner pay this to the government from the rent? and this is on top of regular rates as well? 8k in annual rates on a $100k property doesnt sound right?
how do you buy in the US? If your transfer your AUD to USD for your deposit, then you sell the property might go up by 20% but then the AUD has moved against the USD and your 20% profit might not turn into any profits at all when you convert the profits back 5 years, how could you control that risk.