Does the developer still have other stages of the land release to develop? Has everyone else built their houses? Are there any penalties stipulated in the contract (ie repossession, developer will enter into a contract to build on the site at their cost etc). There are too many variables without knowing the full particulars.

Prices on the LNS are very high at present and may cool slightly once the FHBG disappears (but no guarantees). Likewise rental yields are still very strong (around 4.5% gross) which is generally a sign of an overheated market (this generally travels around the 3-3.5% mark). The correction could be either way with either property prices increasing…[Read more]

I'd agree, if using an architect for design & contract management it would be best to get a local. Otherwise, unless you had a really good survey, 5,000,000 photos etc a remote architect would not be able to take into consideration all the necessary aspects of the design.Alternatively, you may be better off approaching one of the local builders…[Read more]

Terryw wrote:
I had a mate who had one or 2 ATMs in his shop, think he was getting around $180pw for them. So it can add a bit to the income received – but you will need somewhere to put them, good location etc.

Reasonably cheap when compared to some of the deals I've seen done on these in shopping centres etc.Gatsby, how does the deal work? ie…[Read more]

A mixed use zoning will allow you to rent to a wider range of tenants eg business user. Each case is subjective and would depend upon the area that the property is located, the prospects for the area etc.

Now you've got me, are you looking to employ an agent ie pay them wages or to engage an agent to sell your property (in the role of an agent)? If it is the latter, then my comments stand – this is the detail that you may want to go into with a prospective agent.

If it is NSW then as sitting tenants on an expired lease you can get vacant possession. For your own protection, I would suggest getting a new lease in place with the rent increases noted. You will need to give 60 days notice for each rent increase regardless of whether or not it is in the lease.Make the purchase conditional upon the selling (or…[Read more]

It is usual for executed copies to pass in the mail ie you don't need to both sign the same copy of the contract although this may happen if you purchase at auction.

A 'new' bathroom would need a DA, a refurb would not. There is a cap as to the value of the work that can be performed before you need to have an OB licence – so watch that.Having an OB licence you can do one place and your +1 can do another, at least this gives you a 2.5 year gap not 5 years.

Don't pay commissions up front – removes the incentive to perform ie fee for service.What are you looking for the agent to do? Property Manager or buyers agent?

Stupid questions mccoz, what is a rectified tile? I have heard of glazed/unglazed, glass, vitrified etc but not this term.

welcome Yasnat1 – No2 – See 13 – you willneed to purchase all of the units, consolidate the lots into one, then (after DA/CC/Construction) apply for a new strata subdivision showing the new lots as created & register a new strata plan.That is why it is not done.

One thing you may need to consider is whether you must advise your lender (or seek mortgagee consent) with regards to leasing the property as you are parting with the possession of the house – if you don't you may be in breach and this may have serious consequences even if you don't skip a repayment.

Have you tried Stoddarts or any other commercial kitchen supplier?

Yes, I am Sydney based. Gross yield varies widely however I have seen some recent deals done on strong yields around 4.5% (not in the areas that I mentioned – you'd have to double the price tag). Prices are at the top end of FHBG etc but competition is quite strong right up to the $1.2-$1.4 m mark

At sub-$200k you may be hard pushed to find anything in reasonable travel distance to town however you may find something around Punchbowl/Lakemba/Wiley Park or Harris Park (Parramatta). Possibly you may find something around Guildford/Auburn but unlikely, also Blacktown/Seven Hills/Toongabbie. Further out your choice opens up with areas around…[Read more]

This has been answered several times so check some of the previous posts but in a nutshell, if the primary purpose of the loan (assuming you have now got a separate line of credit or another mortgage on your PPOR) was for investment purposes (ie deposit & costs for an IP), then in all likelihood the interest is deductible. If on the otherhand you…[Read more]

Andrew, you'll also need to factor in stamp duty on purchase (if any), legals on purchase over and above Duckster's inclusions.

They're the experts, they provided a quote based upon an inspection. Unless the demolisher had provided an exclusion eg asbestos, detailed the extent of the work (eg demolition of house, footings, grub out services etc) or quoted the weight that they had allowed for, </////////] them! The Dept of Fair Trading will come down on your side. Security…[Read more]

Yields generally have returned to around their long term average ranges ie a better reflection of the risk however there have  been some noteable sales which have been out of line – Victorian Bulky Goods/Homemakers centre sold by a LPT to a private buyer on >8% yield and at the other end a shop sold on 1.5% yield in the inner city (Melb). One…[Read more]