Forum Replies Created
The NSW Law society, and I assume societies in other states, have specialist lawyers who do property law. Ring the local society and get that list fast.
You are sitting on a time bomb that will go off if the action is not swift. Pay the money and get good advice on the matter.
A family member didn’t act in similiar circumstances and it cost him many hundreds of thousands of dollars in the end and a couple of quicq and expensive trips to the Supreme Court along the way.
Am doing a subdivision myself at the moment. The thing that I found was with Strata title you get paid upon registration of the strata plan which means you have t build all the buildings to a fair extent.
With community title you can build one, sell, build again. As I am proposing to do 8 the community title is the way to go for me!
You all remember to stand now when George wuyba gets here!
Should we have a minute of noise on the forum to record his presence?
To quote directly from ‘Todays Tip”
“Be known as much for the deals you leave behind as the ones that you purchase.
“Not all property deals are equal, and the deals that you leave behind are signs of success too.
“Buying property for the sake of doing so is pointless.
“It’s better to own 1 property that makes money than to buy 150 that don’t.
“Being able to differentiate between a good deal and a bad deal is essential for your long-term success.
“Ignorance in property investing often leads to expensive blunders. Protect yourself by discovering what due diligence really means and how you can use it to ensure you don’t end up with a property dud.”
A good start is with reading the book from 0 to 135 properties etc.,
If you rang the family court I think that you will find as part of a court sanctioned deal that matrimonial dewelling at lease is exempt!
Dicliem!
In all the certificates of title that I have for land in NSW there is in the second schedulde the words saying that the land is subject to “reservations and conditions in the crown grants”.
Now her maj, long time ago, when making the crown grants decided to keep the minerals, oil and all other yummies under the ground for herself.
So in a nutshell even if you own the land someone can rip the minerals out of it!
Sorry, no need for the metal detector – unless you have the mining rights.
If you are keen to buy serviced apartments/hotel rooms have a look at the Tourisim and Leisure Trust (ASX code TLT) They own own a block of 162 units in brisbane and after all fees and charges and costs and and and they are paying 6 cents on a unit in the trust that sells for 60 cents.
That’s a nett 10% according to my maths oh and by the way because of the depreciation the income is tax defered i.e. it’s not taxed as income rather it lowers your capital base.
Oh and you can sell part or all of our holding on the stock market quite easily without the fees and charges of owning a physical lot.
It you are looking for capital growth on an upgrade of a property try the Australian Hotels Trust (ASX code AHO) no dividend today because they are rebuilding the hotels. They own the Fairmont resort in Leura, Peppers Anchorage at Port Stephens and Peppers at Moss vale.
To me at least they are better bets!
Try the Australian Securities Investment Comission.
Frm memory he has been bought to their attention!
Andrew,
As at the 8th September there in only one major shareholder in Burns Philp, Rank Group Limited, with over 50 % of the capital.
A couple of institutions have around 5 %
Do you mean 50% and not 15%?
Population – Australian Bureau of statistics
Woolies – try http://www.whitepages.com.au and type in woolworths – they have advanced to having mr bell’s wonderful invention in them!
“they” have a challenge!
Or they go broke
Reduce your exposure now!
cheers
XYZZYFreehold – you own everything! The land, the air above (to a point) the land below (to a point)
Leasehold – you have the right to enjoy the land, the air above (to a point) and the land below (to a point) BUT oneday all you have put on the land that cannot be removed without destroying the fabric of the land [and there are many cases arguing this point] belongs to the owner of the land.
So enjoy (in the meantime)
Make your lists of what you want to buy. Set your prices. Make sure that they are xx % lower than today and then unleash the wall
CASH WILL BE KING!
Call me whatever names you want to but I know that
CASH (or even gold) WILL BE KING
Reduce debt NOW!
I’m confused!
What bets do I have and with whom?
What have I bet on each occasion?
Am I allowed to surrender the bet and we all drink the wine now?
Units are not a bad investment!
Managed units in the Gold coast are not as good as many other types of unit investments especially ones with no track record of rental yields!
Roughly speaking what would it cost to do say a 4 unit development. 2 bedder type aimed at the older folk. How much land would you need? Would 1000 sq meters do?
If you want to reply off line floral[at]tpg[dot]com[dot]au
Noise is never an issue if you get good advice from an acoustic expert.
What are the walls of the house built of? If it is wood of fibro you’ll never get it quiet. unless you have very deep pockets. If it is brick veneer you might be OK. Double brick is easier.
If you are renovating you should replace the windows with proper acoustic windows. You can now get glass windows that have the acoustic equivilance of brick.
Which City, What road? how far is the front of the house from the nearest kerb. Is the traffic mainly cars or trucks.
Questions questions but it is doable. About 4200 houses have been noise insulated in Sydney against aircraft noise and the same principles apply to road noise. Some hundreds have been done in adeliade. (they should have done 16,200 in Sydney if they were true to the people though!)
If you can find a copy of Australian Standard AS 2021-2000 it has a whole section in the back of it about the issues of insulating houses against noise.
Having noise insulated a number of buildings it is eerie watching the cars come along the road with no noise!
Noise doesn’t scare me just the cost of doing it therefore the questions!
Its there, page 74
My understanding is that you never have to settle. You can forefit the deposit which people have done when the market goes south in an hurry as it has and will oneday no doubt do so again!
And for the ignorant pray tell advise the location of this place in investing paradise
