Don't set your sights on a $700k house in the first instance. As above, consider some cheapiers further out – if you pick the right suburbs, growth may well be better anyway. Then use your equity to fund your own.

Generally, an offer is an offer and if the offer is accepted it is the conditions of the offer which are put into the contract ie your finance or inspection clause et.I have not heard of the purchaser ever preparing a contract as it is the vendor's cost of doing business.

Just as Westfarmers (owner of Bunnings) has entered the supermarket business (with the take over of Coles), now Woolies is doing the opposite.It may be good to reintroduce some competition back into the consumer end of the hardware business however a duopoly (with Woolies involvement) will probably drive prices upwards once they have gotten rid of…[Read more]

As the property is leasehold, you can only on-sell the business that you have created. So, what you have to do is to get the business functioning properly (and profitably), get a 2 year track record then to place the business on the market either yourselves (with the guidance of your accountant) or a business broker (who specialises in the sale of…[Read more]

This should be covered in the insurance provisions of the builder's contract as to who must insure. Review the contract. Generally, the builder would have their own public liability, workers comp and insurance over their own tools etc. As they are responsible for the site all insurances norally fall under the builder's requirement.

Process took over a year. It eventually went to mediation with the trees being removed. Too long ago to recall all the details, however the onus is on you (the proponent) to prove damage is being caused and it cannot be pointed back to something that you have done.

…and I thought this one was going to be a 'wife swap' or similar. Glad it has been cleared up.

Other than the OB vendor  having to take out warranty insurance for the balance of the warranty period, if the work has been done properly, then there should be no price difference at the end of the day. If, on the other hand, workmanship is poor this will reflect in the time on market and the eventual contract price.

How much do you like your neighbours? If there is no great loss, then go legal. I did over several trees which had affected a driveway & fencing. Body Corp ducked & weaved as much as they could but the lawyers came through in the end.

The most important thing, initially, is to get your certificate of registration (plenty of places will do that) – this will enable you to work in the industry (under an agent). If you decided to go down the path of getting a full licence (about 24-30 subjects) you can then go out on your own either as agent or BA.The duration of time spent in…[Read more]

If the townhouses are free standing, then there should be no reason why you couldn't subdivide once you had built the access/drainage/services to each site. You can't subdivide the block until the properties have been built if they are joined with a common wall.Once subdivided, you will need either separate loans over each property or one loan…[Read more]

If you want to do this for your own properties there is no requirement to have any understanding or qualification to do so. however if you want to be most effective, you could probably do a basic property management course eg http://www.oten.edu.au/otenweb/cils/9671CIL.pdf by correspondence (on the net) or one specifically for Tasmania.You will…[Read more]

No hills?

Well, you'd still be caught up under the margin scheme anyway. The only difference being your exposure to borrowing and the duration of the project.

http://www.smokeball.com.au The above is a legal practitioners website who allow subscriptions to purchase their documentation, practice notes etc for a monthly fee. Legal advice should still be sought before entering into or using any such contract.

1/ You will need to hold an NSW Agent's licence, not just a certificate of registration. Being an agent, it shouldn't be too high a hurdle to jump. You should, depending upon the agency, be able to negotiate a 50/50 share of commission

It is very simple to find lost super (although they don't update the database once you have found it & amalgamated it with your other super). Many super websites (or even your favourite search engine will find our lost super).

The fees are not owed by the conveyancer but by the vendor. You have been reimbursed by the purchaser the unexpired period of the levies, you did not disclose to the conveyancer that you had not paid the levies. The onus is on the vendor to disclose these things, not upon the purchaser to discover them. There is a principle of unjust enrichment…[Read more]

Contact the water board in the area and speak to their development bods – find out whether it is possible to build over the sewer by encasing the afffected section of the sewer in concrete & piering/beam construction over the sewer or whether there is an easement preventing any construction whatsoever over the sewer.Once you know what you can do,…[Read more]

If you ever get around to reading the fine print on your mortgage documents, if the bank was ever looking for a reason to foreclose, this could be it. By leasing the premises to a tenant, you have effectively parted with posession and are no longer in control of the premises.In the case of commercial premises this is extremely relevant – mortgagee…[Read more]