Does 285m2 qualify under your council’s LEP for separate titling? You will find that unless there is a specific exemption or mention, the minimum block size may be 400m2 and you will be well short which is why the developer went the way that they did.

I had a cheap yacht which hit a reef & sank,  does that count?

If it includes building a wall then you may require consent.

So the deals are inflated by $20k in addition to the money you’re paying to a biased buyer’s agent who is already in bed with a builder and possibly the land owner. Not independent advice IMHO.

Go to an independent BA who will provide options which meet your requirements.

Your assumption of equity required of $47k is far shy of the normal requirement of 30% for commercial property. 

It’s been on the agenda for a long time. I should so something about it whilst the apocalypse passes.

You can borrow to purchase but cannot borrow to renovate (make sure that you have sufficient funds to complete the works without tying up all of your capital).

Will you being converting to residential (restrictions on what you can do in super) or will your business be renting it from the SMSF. Any rent paid will go to the fund (less any tax…[Read more]

High crime rate – are they the official figures or just hearsay?

How long will it take to commute to work from 20km and 50 km (50 km is 2 1/2 times further from the city)

After reading the rent review clause,  go to abs.gov.au and get the CPI table download. This is an Excel file.

Use the all groups Adelaide

June 2019 ÷ June 2016 × current rent.

113.7 / 107.5 = 1.0576744186 x rent

You will also need to do a back rent calculation for the period after the rent review to current (even if this is prior to yo…[Read more]

By the sound of it you intend to run the business of a builder, you will need a builders licence. Owner builders licences are restricted to PPOR not flipping.

Your first port of call is the BCA – you need to determine the type of construction material that the building is required to be constructed.

I have previously built light-weight construction using Hebel panels, styrocon and metal sheet/purlins each solution was dictated by the location.

You look for comparable sales – ie other 3 bedroom townhouses nearby.

Land value means precious little unless the site is massively underdeveloped.

Stamp duty (at market value for the % that you are buying), legal fees (you, sister & mother all require advice), provision for capital gains tax (payable by your sister), discharge of mortgage.

It’s a bit late now. You should have raised this matter with your building & pest inspector prior to settlement and also with your solicitor. The vendor has got the cash and is well on the way to Bermuda.

https://www.stonnington.vic.gov.au/files/assets/public/adl/public-notices/proposed-special-rate-for-chapel-street-shopping-precinct.pdf

https://www.stonnington.vic.gov.au/files/assets/public/adl/public-notices/proposed-special-rate-for-chapel-street-shopping-precinct.pdf

@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]