[DWolfeParticipant@dwolfeJoin Date: 2009Post Count: 1,253]

January 10, 2013 - 12:19 am

LOL!

Nathan can you do another one

Cheers

D

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January 9, 2013 - 9:19 am

Short answer yes she wins, yes you lose.

D

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January 9, 2013 - 6:19 am

Hi wakebrownb,

What does it say on the title?

She can try to move whatever fences she likes but if the land she is trying to fence is not legally hers then you can say no.

If need be get a solicitor involved to write her a friendly but firm letter explaining that the property she is fencing is common property and needs to be easily accessed by both parties.

When corresponding with you neighbor put everything in writing and send it registered post. Never agree to anything in writing before you have gotten legal advice.

It sounds a bit harsh but sometimes you need to make sure you are covering your butt as little things can end up getting blown all out of proportion.

The body corporate will also have to agree to any changes made to common areas.

Good luck, keep us posted.

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January 8, 2013 - 6:19 am

What a fascinating thread!

I've got one set of retired parents (in laws) and one set (mine) who are both still working full time.

The retired lot enjoy some cafes and table tennis and a few activities, but I think at this stage they have started to have to rein the spending back as their income isn't what it used to be preGFC. They have still got plenty of years to go too.

My parents will probably have to work forever, and my dad has actually started his own carnivorous plant nursery as his 'retirement job'.

But at 30ish I haven't even thought about retiring. What would you do with all that spare time? Sure I would love to hang out at cafes but I would need a crane after all those little cakes……..You see people like Gerry Harvey and Triguboff and they are still working even though they are headed into the 80's… maybe there is a limit to how much golf you can play.

On the word of cafes, I probably wouldn't go there. I have seen people burnout pretty fast, it really is one of those jobs where the owner is the job, and that's the last thing I would do at 65…..

Very interesting to see peoples thoughts on real retirement.

Cheers

D

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January 3, 2013 - 4:30 am

Oh man,

I didn't get the shoe offer…….. gypped!

D

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January 3, 2013 - 4:03 am

Hi Ross,

How long will this all take, as you need to factor that in. If it takes 18 mths or longer from go to whoa, then will that profit work for you? essentially 40k per year?

50k for the reno costs sounds high considering the low resale price I may have read it wrong, should be aiming more around the 10% for reno, 15% worst case. If you need to spend more like 50k is it worth renoing?

The other thing is – it may be easier to do a certain build, but is that the most profitable? Have you spoken to a architect/town planner yet?

Ensure you put in a due diligence clause on your contract too, meaning that if you can't do what you want with the block you can get out of it.

Cheers

D

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January 3, 2013 - 3:35 am

Yikes……

I was running with all of this til you got to the bit about the jock strap………

I love the 'idea' of not working. But the reality is a bit different, coz you will get BORED. you still need a purpose, something to strive for and goals to work towards. And yes property does lose money, or you may have to sell in a hurry for unforeseen circumstances meaning you may lose out on money you put into the property.

It's not all a bed of nails though. I'd consider working until 35 (ur girlfriend may want midget versions of you guys, she may want to marry you), you'll still be young, but you'll have more money to weather anything that floats along, such as life, GFC MKII, baby clothes etc.

Cheers

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January 2, 2013 - 11:35 am

Hi KrisM,

Is this the Dash of Salt article in API mag that you are referring to?

It's not just GEN Y who want to live near 'stuff'. Baby boomers like where they live, thats why they still live there. If we can figure out a way to get them to trade their big blocks for more manageable smaller homes, we might be onto a winner.

Disclaimer, I have 2 sets of aging parents, boomers, they don't want to move from their big 3 bedders on big blocks!

Cheers

D

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January 2, 2013 - 8:30 am

Great point Mattnz.

It's not worth any of the preliminary work if you are not going to make any money!

Have you looked at any sites currently being developed and talked to architects etc who are working on those sites? They may be able to give you more information on the block you are looking at.

In Vic (and Alistair will laugh) I can vouch for it not being just about the zoning, but about overlays, setbacks, trees etc etc.

I can build 10 apartments, my next door neighbor can have only have 2-3 units, zoning is exactly the same. My block has a design and development overlay. There is also a height restriction of 7.5 mts (2 storey), two streets away it's 4 storey 14 mts. You really need to find an expert who deals regularly with that council, knows all the ins and outs, what's getting approved and what's a no go.

Good luck, let us know how you get on with it!

Cheers

D

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January 2, 2013 - 8:25 am

Hi Shahin,

Do you have a link to the NSW planning website, or a site where it gives you this specific information. Thanks in advance.

And yes every state is different which is why it is sooo important to have the right people doing the work for you.

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December 21, 2012 - 4:20 am

Merry Christmas everyone,

Have a safe holiday (day, week, year…) Hopefully next year is prosperous, secure and generally wonderful for everyone!

Cheers

Dianna

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December 21, 2012 - 3:39 am

Yup,

and we are moving again in Jan. Sigh.

D

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December 20, 2012 - 9:02 am

Great thread, really wonderful seeing other peoples goals!

The big plan for this year is to finish our development. It probably wont happen, it's already been 2 1/2 years, but I can work towards achieving. And I can watch people achieve along the way which gives a boost when you need it!

I'd also like to refocus this year too, get some of the 'WHY' back.

Cheers

D

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December 13, 2012 - 3:01 am

Yeah I agree the 20 Questions book is a good one for starting out in an area!

Has anyone noticed that with the exception of Steves new book, there is not really a lot of good new wealth creation books out? Or is it just where I am?

Cheers

D

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November 27, 2012 - 5:19 am

Hi Jewel.

Great to hear you are part of the community!

I had never renovated anything, or developed anything or bought property, until I jumped in the deep end and did it!

If you are looking at renovating, Dean and Elises pack is awesome, you'll have to try to find one second hand tho, I don't think they are making it any more.

If you are looking at a fixer uppper, have a look at properties that are 'done' and see if there is a substantial difference in price between renovated and unrenovated. Look at rental return on the two as well. if there is not a nice big gap between the two types of properties, it may not be worth the time and money.

Have a look at auctions, clearance places, start talking to people in plumbing shops etc to get ideas on how much things cost, before you jump in. You may think a vanity cost $250, and when you get to it, it costs $500. it's good to be realistic.

Good on you, keep learning and sharing!

Cheers

D

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November 27, 2012 - 2:06 am

Well if we have solves Joes problem, can we solve mine

http://www.realestate.com.au/property-house-vic-colac-112164999

Why wont this sell – this is my 3rd go at it!!!

Cheers

D

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November 20, 2012 - 9:22 am

LOL!

JacM, what would we call ourselves?

;P

D

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November 20, 2012 - 9:18 am

Well be waiting!

D

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November 19, 2012 - 10:41 pm

Yeah I put in Powder room but I wasn't sure if it had the basin etc and could be classed as one.

Plus, I'd hate to write in Dunny, loo, outhouse, hahahah

D

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November 19, 2012 - 10:13 pm

Hi Joe,

Once you fix your pics the blurb should look a bit more like this –

Renovated three bedroom family home and so convenient

This family sized home has been recently renovated and is now ready to move into.

Why not enjoy the brand new immaculate kitchen and cook up a storm. The formal lounge is just waiting for your personal touch with classic polished floorboards. You’ll be more than comfortable all year round with gas heating and air-conditioning to the great sized lounge.

Excellent bathroom and laundry facilities and even a separate water closet means there is plenty of space for everyone.

This home has a great secure rear yard with plenty of space for the kids to kick a ball, and a shed for the handyperson of the house. There’s also plenty of car parking off the quiet street.

Don’t forget the location! Perfectly situated close to Laverton train station and shops, but in a nice quiet part of town, this home is superb. Walk to the pretty parks or local schools and enjoy your life.

Call today for your inspection, you won’t want to miss this home!

With some new pics, a new blurb and possibly a new agent (your old one might be ok with somee guidance), you should be right. You never know who might need to move before Christmas……

Cheers

D

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