I'd suggest a chat to a town planner or surveyor rather than a lawyer

calvinci wrote:
Plumbing-disconnect old kitchen piping.

One visit, he probably won't get anything much else done, possibly cap off the gas but until the cupboards are removed won't be able to much, not even an accurate site measure

calvinci wrote:
-install new piping for sink and dishwasher (2-3 meter away from existing location)-install gas p…[Read more]

There is an advert running in the Sydney Morning Herald on the last couple of Saturdays looking for a person to assist in development works – the hitch is they want $35k. The advert is in the business section (business for sale – Property Developer).I'd approach it with some trepidation (a developer who wants you to pay for the experience? not…[Read more]

You've lost me on the question…You can only claim the interest if it is an income producing property ie if it has been recently purchased and is vacant, you can't claim an interest expense until it is tenanted – doesn't matter if it is a personal or business asset (unless you have numerous properties and conducting property rentals is your…[Read more]

The break fee is the cost of interest foregone by the bank in letting you out early – you'd have to find a pretty sweet deal to make it worthwhile. There was a post the other week indicating it cost someone about $100k to refinance/break, lower rates don't come cheaply regardless of what the goose might encourage you to do.

A quickcall to Vcat will solve that one. However in NSW you can have a mid-term increase written into the lease but you will have to give the relevant 60 days notice for it to be effective.

Some or all of those may apply – you can't put in conditions which are irrelevant.eg if it is to be sold with tenant in place, condition 4 doesn't apply if the tenant is under lease, if AS 4349.3 does not apply/exist then this clause is irrelevant (delete the reference to the standard – what if the inspector doesn't carry it out to the standard?),…[Read more]

The developer cannot accept full payment prior to completion (it safeguards the purchaser). Why would you want to pay for it before completion (bank won't pay for something it cannot own/mortgage) as it will not have a registered title.

Depending upon the state, the contract for sale (or the agent) will have the details of the council rates, water rates, sinking & administration funds (levies) ie how much the unit must contribute towards running the block. Add your usual other outgoings to determine your net rent ie insurance, any refurb/mtnce, agent costs etc.

By owners corp, I am assuming you mean 'body corporate for a block of units/townhouses etc'.1 – not sure if it is mandatory but it is required under the strata act – you may not need a strata manager but it is a requirement that some structure is in place to ensure that maintenance on the building is done, that insurances are current, that the…[Read more]

There are similarities between the two however an offset is more flexible – especially if you come to reuse the funds for a non-investment purpose. That is, if you have a LOC you need to keep track of your expenditure eg buy new curtains, fences, clothes, tv etc however if you have the same amount in an offset, you have not paid this amount off…[Read more]

Overdraft?

On the other hand Chris, the incentive is just that, an incentive to lease the premises: consequently, you kick the can for $50k but do not get an increase in the rental (unless it is for a sitting tenant) ie you are effectively dropping the long term rent on the property. It is used as a sweetener to get the tenant to agree to the rent that you…[Read more]

Whiteknight, with regards to commercial property – firstly you do not have the protections afforded by the residential tenancy acts/tribunals (if you call them protections either for tenants or lessors).  The assumption is that if you are able to own a commercial property, you are able to afford a solicitor to prepare/review your lease, you have…[Read more]

MB, the house has been on the market only 2 weeks! This is a regional property, your exit strategy (and expectations) should be different to that of a property in the major capitals.If having a tenant was an issue, the agent should have told you before taking on the role to sell (and have been a consideration in what they would expect the p…[Read more]

Depending upon the effect you want, you may consider a lime wash eg Porters products. Otherwise, paint as you would any other rendered surface – clean, prep/patch, seal & two coats of exterior paint (not gloss).

Servcorp? and others (but not aware of any doing factory space).But seriously – unless you leased the property off me at a below market rent and had a turnover clause, strong makegood provisions and a decent bank guarantee in place you won't get too far.I don't particularly care what you do inside the leased space, provided that it is legal…[Read more]

I would agree that in many areas there has been a price correction however getting away from West/South western Sydney (& the equivalent in other states) the magnitude of the correction is nowhere near as great. Many rural areas have been hit by drought and prices are rebounding, the resources boom has kept many other regional areas strong as well…[Read more]

Councils are able to rely on high quality satelite/aircraft images of their LGA (ie better resolution than google/lands). One complaint from a neighbour and you are facing a $10k fine if you are in a tree preservation area.You may not consider that the tree has a value, however they contribute to the value of the land by improving the amenity -…[Read more]

It would depend whether he was a PAYE (employee) or PAYG (contractor/self-employed). PAYG = no chance, PAYG may be some chance to income split – best to speak to your accountant.