What way is the wind blowing? There are many things to consider when offered a range – is it realistic? Is it above/below what you believe the property is worth (after reviewing recent comparable sales). Do you own the adjoining block? How good a negotiator are you/your buyers agent? What terms are you buying on (delayed settlement/subject to…[Read more]

Adam, is it vacant land? Being rural, capital growth will be very slow and as stated it hasn't been a positive experience to date. It may well be time to cut and run. If it does make a loss, then you may be able to carry forward this loss and offset it against any other capital gains that you make in the future eg sale of shares or other property.

He's picked that up under Depreciation $3k Richard

blogs wrote:
I dont mind paying, but if they are going to quote a price then I would at least like it within that ball park…

blogs, there are 2 sides to this one, if the agent provides a guide for an auction and it is seems to be wildly wrong because it goes 20-30% over the guide is it the agent's poor guide or was it due to the agent…[Read more]

Looks interesting – is your retail lease NSW RTA compliant & does it come with a disclosure statement?

Finding a site, settlement, getting conultants, plans & DA will take some months. Why not look to a delayed settlement allowing DA  to be achieved and start works closer to when tou relocate?

The first thing to ask is what are the marketing strategies of the other agents? What are the results of other agents? What method of sale are other agents pushing? For similar properties, how many days on market is it taking to recieve acceptable sales? Who is their target market? What contribution toward marketing will the agent make?The second…[Read more]

It may be worth looking at Binet homes as an alternative

You never know, the agent may be fielding interest then go to auction. If too many are interested at the lower price, then they are entitled to raise it. Would you complain more if you owned it and they sold it for $615k when the market would have been $700k?

Net yield = Net Annual Rental Income / Current Market Value.Do not include interest, tax or depreciation in your net yield as these affect each investor differently.

Pretty much as Terry points out. Also add: whether you have the capacity to pay the new loan in addition to the current one (in either situation), will there be break fees on the current loan?

Which state Miss A? NSW does not require the licensing of commercial builders but Qld/ACT have registration.Have your plans been drawn up & submitted to council? (Your shed mob should be able to do that much).

If the suburb's median is $1.5M then an architect's fee is an investment not a cost however you will need to rule with budget etc. You won't get much for $500k as a one-off. You may need to go to one of the top end project home builders like Krslovic in Sydney to get something which will work ( but still over $500k)

There is no cgt on PPOR

CGT is payable at your marginal rate of tax, a discount of 50% is given if you have owned the property for more than 12 months. It is calculated on the capital gain made eg Bought for $100k + $10k SD/Legals + $20k refurbishment = $130k. Sale $140k less comm $5k = $135k. Taxable Net profit = $5k

Technically, a 'gazumping' but if you can stop it, it's worth a try.

Cooling off period only applies to the purchaser (if they haven't signed a S 66W). As you sent the signed contract back on Saturday, the likelihood is they have already sent it on to the purchaser's solicitor & it would be unethical for them to disregard the contract signed by both parties in favour of the later recieved offer. (Who said agents…[Read more]

Try contacting one of the companies which does bath restorations or alternatively Recollections in Sydney

Air rights, when associated with a 'strata lot', can be an exclusive right conveyed on that lot to utilise an area outside of the strata lot usually acknowledged by a special by-law giving 'exclusive use' alternatively, the roof may form part of the strata lot or be a completely separate strata lot. They could also form part of a stratum lot thus…[Read more]

The brochure says that they will stick their hand in your pocket (1% of sale price), considering that it may lead to a quicker sale after all of the work is done, it might be worth a look if you are selling your ppor (one of the requirements, doesn't preclude it being held by your trust).