That's a pretty wide search and the time frame is irrelevant TM. You'd be better off getting your local REA to give you the printout for a specific radius for the last couple of years.When you take into consideration the recent turmoil in the market, you can say that property is currently like other investment products and past trends may not…[Read more]

They only care about how it is used when it is an IP

When the property becomes a rental fees, interest charges, rates, levies, charges etc become expenses which should be deductible against income generated.With regard to security of title there are no differences between strata titled property or torrens title – this should not raise any warning bells unless the management records reveal issues.

It depends upon how far you want to move it, whether there are services in the part of the house (ie sewer line, water), how hard it will be to get access (slab on ground or raised timber floor).If you can get away with doing up the room without moving anything, this will be the cheapes option (consider sprayed epoxy over the wall tiles, respray…[Read more]

There is no obligation to engage a strata manager – it is more a case of engaging a third party to manage and arrange several contracts and minimise any legal liabilities which may arise. Using a SM is most common in blocks where there are several owners whereas blocks under single ownership may not benefit from having external management…[Read more]

Pitto, I'll dig out my copy of Peter Butt's Property Law & get back to you..

Having previously owned a corner block, you must consider which is your primary street frontage & the setbacks that will be required by council (your preferred frontage may not be accepted, the council may want a 4-5 m setback on the side etc).Corner blocks also have a lot more grass to mow (eg council nature strip, & due to lessened footprint due…[Read more]

Removal is probably the best solution (get it done before raising the house), this will minimise any risk of exposure if a sheet cracks during the raising process as old asbestos is quite brittle. Covering over the sheeting will lead to issues in the future if someone working on the house is unaware of the sheeting hidden under the plasterboard…[Read more]

1 – yes, provided that you are not the builder. If you are the builder, then you may need an owner-builder's licence for a house or refer to state legislation if it is anything else (commercial builders and project managers are licensed in some states with proposals for other states to follow suit).2 – you've got to be awfully lucky to get a qs to…[Read more]

Do your own research into the area which you intend investing – beware of 2 tier marketing.

For resi or commercial property? If it is resi, then go with the standard document approved/published by dept of fair trading. Likewise commercial leases under 3 years can be prepared by your agent using a standard REI form.

You might try the Lower North Shore – a 1 bedder older style unit will set you back that sort of money but you'll need $600k to get you something of quality with views around Kiribilli.

If your sister removes her name from the house that you partially own, then you will own it – why do you then need to buy another property when you will be increasing your ownership to 100% of this property? There is nothing stopping you selling this house and using those funds to purchase your next property (or properties). Alternatively, just…[Read more]

As Richard points out, the guy may not be an REA but a marketer – watch out for 2 tier marketing. Do your own independent research on the areas of interest, spend a few dollars on getting a couple of property reports for each area, speak to some of the Local agents, view their websites and possibly engage a buyers agent to do the running around…[Read more]

Depending upon the issues it will pay to engage a town planner who will assess your issues and frame the argument.

What do you mean by a brick oven? Do I take it that they have a kiln? It would make a great pizza oven….LOL

Katelea, there are no penalties for (the vendor) not being able to settle on time – firstly, if you fail to settle the purchaser must issue a 'notice to complete within 14 days' ie you will get an additional 14 days grace before the purchaser can commence an action for specific performance.Once the contract has gone unconditional, give the tenant…[Read more]

Go to Brisvegas:Macrossans Lawyers Address: Level 23, AMP Place10 Eagle StreetBrisbane QLD 4000GPO Box 2763 Email: contact@macrossans.com.au This Email address is being protected from spam bots, you need JavaScript enabled to view it Telephone: +61 7 3292 9777 Fax: +61 7 3292 9799

There are 2 levels of insured interests – one for body corporate, which covers the building, common areas, landscaping, garages etc, then there is insurance for office bearers, public liability etc, the second interest is that of the owners ie you and the other two owners – you must insure your 'contents' within your walls that is the kitchen,…[Read more]

You will find it very unlikely that the vendor will agree to extend the cooling off period – it is a statutory period. It would be more common that you undertake your full due diligence prior to making your offer then submit your offer wth a S66W waiving your cooling off period.