$350,000-1.2mil

Literally depending on over a hundred things, area, sit layout, design, stock builder or architect and then your own private build etc etc etc

If you really looking at it then get quotes and ideas from builders today.

also given the markets Australia wide I would say tradies are going to be hunting for new builds in the next…[Read more]

Yeah so from memory its not clear, simple point is if the compound gets into your lungs it can potentially problematic. hence why its illegal to use in construction in Australia since I think the 1980s

“Breathing in air containing asbestos fibres can lead to asbestos-related diseases, mainly cancers of the lungs and chest lining. Asbestos is only…[Read more]

Mm44, the best and easiest thing is speak to your local planning office and see if they can provide any information, I would even do this several times as you might get one person willing to explain the whole process for you.

Look there is a lot of non compliance that is going unpunished Australia wide, now this does not mean it wont bite you in…[Read more]

Reporting on Asbestos is outside the Scope of this Report. (the fact asbestos could be in the roof is a fair alarm)
they can test fairly cheaply

where sarking is damaged, both insulation and moisture protection of the property are inhibited.

so two things in my eyes I would be worried about
1. is the Roofing and walls…[Read more]

Grant,

read, listen, learn

there are multiple strategies but understand your end goal. e.g. 100k a year income

then understand how to ge there e.g. 10 properties that return $200k so 20k each so 400 pw each

then refine using a knowledge of borrowing, CG, CF+, etc etc and work to get there.

Books like Steves or any property book has value but…[Read more]

1. I don’t Airbnb personally for IPs but from friends they love it (central apartments strong returns)
2. there are a couple I like but to be honest find someone you can have a good conversation with
3. no legal ramifications that I have seen yet, but in a zone that does not permit short term accommodation (such as low density or medium density…[Read more]

Great low price point, good returns, some risks but overall very good deals.

the main thing is going to be, structural, flood zones, location.

the demographic is lower class, so sourcing quality tenants having good insurances and having a good relation with tenants or good managers who will.

Benny’s ideas are great, are you putting a 14 day pest building and finance clause?

I would also use this as a tool to accept a close offer and then if your aware there are some concerns (most older dwellings will have such)
this can be a great bargining chips

e.g.
you offer 1.1m they come back at 1.18m you setlle at 1.6m then you use the pest…[Read more]

Best thing, call every contractor within the radius appropriate for the dwelling.

Get them to give you a real idea, then ask what there day rate is and offer a bonus to complete within a fixed time frame.

could save big $

Dishwasher, recreate space into bar fridge, more storage space, custom make a glass cabinet in the space, etc etc etc.

completely up to you mate.

lots of options that may make sense for you

Vish the devil is in the detail,

I would pick the financially better deal, so if you could buy a property worth $500,000 for $300,000 then that trumps the area code.

the exacts of the deal far out-way the exact area.

Does that make sense?

Now I have sold properties with Ceilings under 2.4m for older dwellings, they cannot be classified as bedrooms and technically are not to current code.

now I would want your insurer to confirm they are covering this (if your renting)

I would want to be appear this is and isn’t an issue.

The main thing is your going to have to raise it to get it…[Read more]

There are no differential standards for buildings on the basis of when they were constructed, or how many units they contain. However, compliance with the Building Code of Australia is not retrospective. Under the Environmental Planning and Assessment Act 1979, a building only has to comply with the Building Code of Australia at the time of…[Read more]

Mate so stoked and happy to here that for you Tom, great outcome.

Pleasure mate,

look you can take as far as you want, but for me the above has proven to be enough.

Really for expenses its just what you will have generally, yes you can add and allocate extra costs but its all personal preference.

So main ones are
-repayments
-BC
-Rates (land and council)
-management fees
-Insurance

that’s about it from my perspective, depending on property etc.’

So you workout income – expenses = yearly return.

then yes…[Read more]

42 Cohuna Street Income breakdown

Name Expenses Income Weekly Total Yearly Total Total
Rental Income 240pw 240 12480
Mortgage Repayments 110 110 5720
Rates 24.9 24.9 1,294.86
Home and Landlord 13.59 13.59 707
Management Fees 21.13 21.13 1099

Total Income $240 $240 $12,480.00 $12,480.00
Total…[Read more]

https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=CGTPET&anchor=CGTPET/questions#CGTPET/questions

https://www.finder.com.au/capital-gains-tax-selling-property

Main place of residence
You can avoid paying CGT if you sell a dwelling that’s considered your main place of residence. You can only ever have one main residence at any given time unless you’re selling your old main residence and buying another. In this case you’re entitled to an…[Read more]

Joe if its your first Sub Div,

go into your local town planning office, try sit down with a planner and learn,

usually a private certifier can do the whole process for you and will be worth having until you learn the in and outs of the requirements.

I say this is the simplest way to get started and get an idea of costs.