@cubster_2 – have you checked whether he holds a builder’s licence (for the type of work that he’ll be undertaking)? Reference check?

Has he taken out home warranty insurance? If not you may have little recourse through fair trading/VCat other than stopping them undertaking more work elsewhere.

@sako – what do you mean by ‘becoming a builder’?

The building industry is very wide – there are jobs at all levels from unskilled labourers, semi-skilled trades (concretors, gyprockers, landscapers etc), general tradies (brickies, painters, chippies, metalworkers, stonemasons, plasterers, floor layers, plumbers, sparkies etc), professional…[Read more]

It is not a useful measure of productivity. These are commercial assets and valued on their capacity for output.

Capacity for production is determined by several factors (planning controls):
Zoning: A property with a IN1 zoning (general industrial) would be more valuable than one with and IN2 (light industrial) zoning as the types of uses are…[Read more]

Traditionally the majority of investors in this area were the unlisted property trusts (insurance companies, investment houses, Banks etc) who had a grade CBD assets.

Nowadays, superfunds have a large stake and anyone with money in a fund probably has some exposure.

Lower value assets (sub-$10m) are owned either directly or indirectly biz mum…[Read more]

You’ll need land zoned residential for it and to submit a DA as many councils will call putting a container on a pad development.

Lease will need to cover: Rates, Services, Land tax (if applicable) and any work required to make the site ready for you to occupy eg getting power pole/switchboard, sewer/water meter.

So assuming rates @ $2000/yr,…[Read more]

@tim George – & your point is???

@tim_George – & your point is???

@timGeorge – & your point is???

@tim George – & your point is???

It may not affect finance however there are some construction quality issues if poorly executed.

Goober is your friend – use the force it will guide you.

?? Any clues?

What is the definition in the contract? The Master Builders Association put out a schedule of wet days. Get the builder to use a MBA OR HIA or Fair Trading contract not their own contract.

@rocky, obviously smsf has its advantages especially if you’re close to retirement or can access via transition to retirement. Its one way of keeping access to higher returns in a long retirement paying low tax. Issues may arise in later years when you’re subject to larger compulsory drawings and you may need to sell.

Tax and legal advice should…[Read more]

I’d suggest that you contact one of the house removalists to assess the block and their stock.

Paying cash ie not declared is an offence and should be discouraged.

What happens if he has an accident?

Why do you think you need a surveyor to lodge a BA?

Council can order the demolition of the structure.

In some cases a net lease will require contributions to repairs and maintenance but in all cases excluding replacement, structural repair or upgrades. Eg. Repairs to leaking fittings, air conditioning service etc.

In some cases a net lease will require contributions to repairs and maintenance but in all cases excluding replacement, structural repair or upgrades.

What’s the scope for the solicitor? New lease, handling the purchase or review the lease?