Forum Replies Created
- Rob G. wrote:Terryw wrote:Look into adverse possession too. He may be able to make a claim for that part of the land if in continuous occupation for 12 years or so.
Agree with Terry.
The first thing I do is get a copy of certificate of title with boundaries, easements etc. plus street block subdivision from council & utility companies if necessary (even google maps to verify).
Then I get a large tape measure and measure actual dimensions right up to street coners to make sure everything is more than just the right "size", but also in the right place.
Don't worry about any of this if you have had an Indent Survey. You paid alot of money for the surveyor to it and if the survey was done by a registered surveyor, signed with a report than thats the evidence of the encroachment,
All you need to do now is listen to Terrys advice.
Good luck mate
$900 sounds like an Ident.
You will get a plan with contours but you will not get your boundaries re-established.
Hi,
I live and work in the Hunter Valley, I am a surveyor that has worked extensively in the coal industry for the last 10 years and unless the coal prices fall significantly the valley is an investors dream. But you must approach with caution, miners on large wages will pay massively inflated prices for homes, so I found buying the lower end freestanding houses, with my eye on tenants in the mine support industries that surround the area, the best option IE engineering workshops in industrial areas. These people are well paid but tend to not want the highend rents.
Look into Rutherford, Telarah that are in the Maitland area, also the "ripple" suburbs Greta, Branxton and North Rothury that will be affected by the Hunter Expressway. Singleton is experiencing some improvements including a new shopping centre which may boost the town but more people with families are choosing to travel to work from the Maitland area.
A quick look at the RTA website at the road improvements states that after completion the freeway may cut up-to half an hour off the travel from the upper hunter to Newcastle, as Maitland and Newcastle are the desired places of residence due to better Schools (private) and Beaches as well as other weekend activities I use this as a large decider in my choices. Workers travelling from Maitland and Newcastle will experience shorter travel times.
There are mines further up the Valley around Muswellbrook and proposed sites as far up as Scone, there is also huge potential but the market does become very competitive.These are just my experiences in the area and my current opinions. The Hunter Valley so large with alot of surrounding industries including various agriculture and vineyards, with a very low vacancy rates. Happy hunting!!
Regards
Just keep your eye on this forum and ask as many silly questions as you can think of!
You may get ridiculed by some users but you will get mostly great advice from the nest of us and it's for a good price.
Good luck mate
Regards
JI like the odds of talking my wife into letting me buy a new bike with the exchange rate!!
But for the struggling retailers out there, I wouldn't dare spend outside the country!!
This topic has made for some great reading
Regards
JadeIt would be a good time to look aroud the north coast nsw, in my line of work I see plan for new road works and hear all the proposals of upgrades. The pacific Hwy from Byron Bay will soon see major upgrading and the area will be pressured for rentals and developments.
Consider investing your money in such an area if you want to NG and you may get a quick capital gain.
Spandex,
The main thing is that what ever your decision you have to feel financially comfortable and follow your long term vs short term plan/stratergy.
Have you looked at the DP (deposited plans) of the block and connecting parcels?
If there are blocks next to yours with similar land characteristics, you may need to find out how they deal with their stormwater by identifying drainage easments that you may be able to take advantage of. If an easement exists you may be able to hook staight in or adjust a boundary to suit.
Contact your council or lands department for plans.
Does spending more money to claim a percentage of it back again sound a little like taking three steps forward then two back?
Before you jump into any decision, talk to as many investors or financial advisers as possible to help you gain ideas on an investing strategy that will best suit your situation. I say talk but I actually mean to say "interview" when it comes to advisers, because they ultimately work for you!!
This site is also great for advice of any sort that involves property.It may end up increasing your income with the right stratergy, you will pay more tax again but that also means your increasing your income and chances of working less.
Hi Tassiegirl,
If you are on centerlink support then the Tafe coarse in realestate should be offered to you free. It sounds to me that you are a real go getter and studying property wouldn’t be too much a problem for yourself. This course will most likely lead into employment opportunities that would look alot better on paper with the lenders in today’s climate.
If you can’t enter the market now for reasons of the unemployment situation (which is nothing to be ashamed of) if you choose a career in realestate/property managing after a short period of employment you will stand a better chance of starting a portfolio.
Good luck and don’t give up!
Regards
JHi Benji,
If you find a good one (not to say any are bad) let me know asap please. I would also like to talk to a similar personRegards
JHey Scotty,
I got into property investing so I didnt have to through the stress of a "personal mortgage" and rest of the costs that accompany them. My basic plan is to gain enough property to pay for own home by either selling a couple and paying cash or having the rents I collect pay for it for me. I am 28 in December working as a surveyor in the construction world so I move around alot, but when I do find the right spot to call home I want to be able to be happy were I work with minimal hours and not just follow dollar signs.
If you do your homework and be patient it will all work out in the end.
Good luck mate
JMaree,
I think that may have been saleable!
Regards
JThanks Duckster,
I do claim the depreciation, your other suggestions are excellent ideas and will be pursuing them
Thank you
Hunter Valley, NSW
Hi Aloha,
The FHOG only applies if the parties (including a partner) havent entered into the property market before.
But there is other government goodies that I am currently taking full advantage of but runing them negative geared at the moment, that is building new homes off the plan in new developements. I just find a simple reasonable priced block (hard to find, but they are there) then building just the most basic 3-4bed, double garage, with the creature comforts of a basic ensuite and built-ins. I've built two and there almost neutral geared (IO loans), my first cost me $349k and rents for $430/w from the moment it was complete, the property value is now $410k, according to the realestate.
I only paid stamp duty on the blocks and with the goverments cutting the stamp duty in half for new homes it made the costs in settlement fee's alot easier. I also claim full tax depreciation on the properties and no worries of to many hidden costs after the home is complete ie, hotwater system failing and it has a seven year stuctural warranty.
I am currently looking around the outer towns of Melbourne or Brisbane for my next investment which I would like to start in the begining of the next financial year (when we are cashed up) and have noticed alot of developers in these areas advertising deals.
Thats just a little food for thought and it's not for everybody as it can lead to larger dept, but it's suiting me at the moment. Just do your homework before jumping in to deep.Regards
JI havent been on for a while sorry Scott, Thanks for the advice mate and I will take it on board. I think your correct just from other opions I've had and including yours I have decided to keep following my instincts as it really hasent failed yet.
Thank youHi Mel,
I am a huge sceptic when it comes to investing in any remote mining town or area that relies on the industry to stay afloat. The dangers are that your money is invested in a property that will be "worthless" if the mine/mines lose export contracts and go through a downturn but if there are other industries in the area they could prop you up while your investment pulls through in a bad time. With striking unions and GFC issues are problems in any case at the moment, small mining towns can be hit the hardest and if the miners decide that the profits in the product being mined is insufficient to the cost of extraction, the mine can close without warning then the area becomes virtually a ghost town.
But there is alot of money to be made if you do get your timing right.
Every investment is a gamble, you've just got do you homework and try to stack as many odds in your favour.
Good luckJ
Lisa,
Shop around, wright down a list of questions and make sure they answer all of them to YOUR satisfaction. If there selling property always ask them how much they make and where do these profits come from. There are alot of people making money from property investing and unfortunately some don't always have the best intentions. Although there are alot of good advisers out there that get a bad name from the few "shonkies" we hear about so loudly.
I think it would be foolish to depend solely on one advisor. There's alot you can learn from reading case studies in investor magazines and these current forums that can guide you into the right direction. Financial advisers have there place but if the advice just isn't suiting your lifestyle then you may end up worse off.
There only one thing worse than a fool with money and that's a fool with somebody Else's!
Regards
Jay
