Not so much risky but costly to change, I'll back you guys as well.

DW, the caravan park/mobile home park idea has already been done. I'd prefer to visit the 'Logans Run' model

Interview 3 or 4 agents Including the one who manages the property, by the sounds of it you have spoken casually to one agent who is out to maximise the commission and is well outside the normal parameters of fees – it is a recession afterall.A conveyancer does the legal work relating to the sales contract.

Would you be suggesting a move back to 'granny flats' W4L ie multi-generational housing with grandparents, parents & grandkids in one extended nuclear family household? Krudd is advocating a ponzi scheme for Australia, import young people to pay for older ones forgetting that the young ones too will grow old and will also need to be paid for by…[Read more]

Selling privately is always fraught with danger: not in a physical but in a financial sense. Companies which 'assist' you to market a property may give you little more than 'how to market' the property and access to some of the major advertising portals. They do not assist with setting the sales price, local area knowledge, negotiations, strategy,…[Read more]

In the traffic?

Absolute b*&)^%* of a block, below grade (how do you get rid of stormwater/sewerage). Construction cost will be horrendous (looking at prestige house price for a basic home unless you get a really switched on engineer.I'd steer clear unless you have deep pockets (or it is waterfront).

I wouldn't say smaller houses W4L, all the info that I see is indicates that house size has been growing (regardless of block size). In the 1980's it was 4th bedrooms. 1990's 3 car garages and 2000's the media room. Over that period, block size has decreased from 600-720m2 down to 450-500m2 becoming more common. 14 or more lots / ha.

akirk wrote:
Should there be an order of execution that I'm looking at – specifically – is there any way to guarantee no problem with the strata titling prior to purchasing?

Yes – (well almost). You will need to engage your consultants including a surveyor, town planner, solicitor, BCA consultant to undertake a full due diligence on the…[Read more]

I too doubt that there is any way around it – you cannot get 2 lots of power lines onto your property. In some states it is possible that the LL is able to be the provider of power to premises eg SA & QLD and onsell the power to the tenants (this is usually done on commercial premises/shopping centes/large unit blocks etc). Doing a one-off tenant…[Read more]

1 thing to note about the Packers, Kerry was never able to make serious money in property so he stuck to the things that he knew best – business, media empires & polo. James has had a little more luck but nothing to write home about.

Ivi, is this site leasehold/when does it expire? What is the status of the hydro upgrade? How accessible is the site? How are you going to handle leasing or will it sit in the pool?

After using Property Pro (from the same software house) I required something a little more powerful. I only trialled POSH, then I bought Rentmaster.

What exactly are you buying Lowy? To answer GoM, the leasehold is only buying the 'business' of the cafe which operates under a lease to the owner ie the business owner works (sells coffee/food etc), runs the business & pays rent/outgoings to the building owner – end of commitment at the end of the lease (hence 0 residual value at the end of the…[Read more]

As you have sizable debt on your ppor, you could always look to move to qld without selling but consider renting thus turning your existing loan into an investment loan. Sure you will be paying rent but in regional qld that shouldn't be too bad. You still have a chunk of equity between both properties (owing $580k/$800k or around 30%).

A bath is generally seen as a necessity for families with small kids, so it does knock out one segment of the market.

Little known fact:  the development of units at Homebush Bay, adjoins Silverwater Prison…ooops high security housing development/secure environment.

Would be a little tricky however you would need to agree (with a documented valuation of the before and post development values – from an independent valuation firm not an REA).You would then both share in the development profit (with both parties contractually bound for paying for the development costs & well as just in case breakup etc).

You will be up for CGT if the land sells for more than the purchase cost (incl stamp duty/purchaselegals etc).  A concessional rate may apply if the period of 'ownership' exceeds 12 months (between dates of signing contracts of sale).

I had one site cross my desk the other day, about 40 units @ $67k/site located at Merrylands (near Parramatta).