blogs, were they an advisor (what sort) or were they licensed real estate agents? In NSW, buyers reps are required to hold a restricted real estate licence. Is this the case in Victoria?

Our last one was done by Kitchenland however they are no longer in business – but suss out the North Shore Times newspaper, possibly Nobbys Kitchens (they still do alot of project/spec work) or venture out to Silverwater Rd where you should still find a few. Alternatively, check out the adverts for demo sales and you will pick up a great kitchen…[Read more]

I know that the laws relating to smsf borrowing have changed thus allowing the fund to borrow (not sure of the ins and outs but your accountant can advise). As for rolling over your super into your own fund, should not be an issue as long as your fund is a complying fund (you will need to provide this information to the trustee of your current…[Read more]

Go to the two or three in the area that you know (including the one that you have purchased through). Get each of them to put in a presentation including the recommendation of the method of sale, recent sales data, expected realisable value (market appraisal), time taken to achieve those sales, discount to market (opening price), company profile,…[Read more]

Resi or commercial/industrial?

It's been a long while since I have seen 10% yield on industrial. However 7-8% isn't out of the question normally Some of the investment grade industrial property will sell at 5 or 6% with higher yields for older/less desirable properties eg asbestos roof, poor condition.

wealth4life.com wrote:
From a womans point of view who had several new kitchens …I hate Corian … it stains and cracks …

Our kitchen is about 10 years old, the corian is as good as the day it went in. There are plenty of cheaper products available and I would agree, I wouldn't use them either.

How big?

Depending upon how old the house is, you may be able to date it from the style of building or (if you are really lucky) have a look at the tap in the garden – these often have a date of manufacture which is very close to the install date.  You'd be lucky to find the exact date.

It is not going to be simple as A has used the boat more than B (maybe a 75/25% or 85/15% or 95/5% split). You will also need to consider what interest rate to apply – personal loan, bank mortgage, 2nd tier lender etc. You could refer to the last 5 years of bank statements to determine the actual interest rates applied to the loan.

Have the plumber put a snake down the drain to chew out the blockages. Then get them to apply a rooticide (or whatever they call the product which causes the roots to die off and not to regrow in the area).

Funds sourced  from equity isn't manna from heaven – you are effectively taking this money out from the bank and paying interest on it anyway. You will need to consider how you finance the purchase (without cross-collaterallising) as well as how you will be able to repay the interest on the $390k loan ($260K+$150k-$20k dep) – approx $2k pcm i/o @…[Read more]

I'd be expecting 9-12 months depending upon the complexity of the project, the quality of the project manager/builder, issues in the ground, extent of consultant involvement (design), adequate funding for variations/contingencies, weather etc.

Hate to disagree with the move towards stone/manufactured stone products. My kitchen extensively uses Corian (benchtops, splashbacks and bay window). Product is extremely easy to maintain, no clearly visible joints, no grout lines to get mouldy, easily cleaned, non-porous (doesn't require sealants), non-staining – commercial applications can't be…[Read more]

Google Maps – saves time in wasted inspections (if the street has been covered). One site I considered stacked up nicely however was located on the driveway side of a rough pub adjacent to the keg store (really quiet).

Matt, the lease is a double edged sword – in the first instance it gives the lessor the benefit of the knowledge that you will be hanging around for another six months, not leaving on a month's notice and for yourself, it means that you don't have a rent review during that period (unless you have agreed to one) and you can't be kicked out for…[Read more]

Some I do and some I don't – it depends upon the property. With most resi you're not going to be saving thousands annually by doing it yourself unless it is grossing $500 pw  (what is your time worth in managing the property which you can't claim).

As pointed out above, property in the lower price ranges (sub $400k) has been in higher demand from FHB (it may be considered that many FHB have brought forward their purchases by 12-24 months and that if the grant (or the additional incentives esp in NSW) are withdrawn, then there will be some downward pressure on prices). If FHB have been using…[Read more]

A little bit hard to add value to your question without knowing whether you will have any capital left after taking a $20k hit on break fees and an unquantified capital loss on the sale of the property.

A little bit hard to add value to your question without knowing whether you will have any capital left after taking a $20k hit on break fees and an unquantified capital loss on the sale of the property.