If the FP is part of the cost of setting up the business, then it might be capitalised. Advice recieved for a going concern might be classed as an expense.

If the LEP allows it you will need to submit a DA – speak to the town planning dept at council. If it is a permitted use, then contact Manboom, Cody Signs etc.

If you were 1km from the beach with a failing seawall, would you be as hesitant? The reason I ask is the extent of the mining known (by survey as it relates to your prospective site)? How deep was it? What is shown on the victorian equivalent of the S149 (zoning certificate)?

Or look for some other way to split his income to yourself??

Treat it as a normal purchase with a tenant on foot. If there is no option/market rent review at the end of the lease/if the govt wants a new lease, negotiate new terms/rent if not within the last six months start negotiating the vacating of the premises and the make good.

Provided that the tenant vacates before 12 months to allow the FHB to occupy and meet that requirement there shouldn't be a drama (but I would read the fhb conditions to confirm).

I was referring to company title and quasi-strata title for leasehold property

There is an obligation on yourself to register for land tax (if you own investment properties). However, if you own one or two in different states you may well sit below the threshold in each state.If you own home units, it is levied on the land component of the entire block, not just yours – so you may (in some circumstances) be  caught up…[Read more]

As the property is jointly owned, you must share the income and expenses equally.

Valuers rarely work for banks, they contract their services to banks, institutional property owners, investors and any other party who has or wants an interest in property.They are not conservative – they research the market, including considering the sustainability of trends in order to determine what a reasonable person would pay to a reasonable…[Read more]

Move into rental accommodation, rent out your ppor for a couple of years, claim the interest & other expenses (better than it coming out of your pocket).

If you intend using untapped equity to fund the shortfall (ie max out the borrowings) you will be increasing your risk exposure dramatically ie in the current (declining) market with little prospect of capital growth over the next 2-3 years you will soon have more debt than would be recoverable from any of the properties.IO loans work well in…[Read more]

hbbehrendorff wrote:
Bull ? like the property market crashing ? thats not bull thats reality…

What correction?http://www.smh.com.au/news/national/what-crisis-sydneys-47m-house/2008/09/17/1221330929879.html

Depending upon how the beam has been braced it shouldn't be a problem – the 'problem' that you mentioned sounds minor considering that it is old damage (probably during the growth of the tree). The bracing may consist of similar sized member bolted through the existing timber, 2 peices of timber bolted either side or 6-10mm steel plate to one or…[Read more]

REA generally are not valuers. They will provide an estimate (based on much different criteria to those used by a valuer). You pay nothing for an appraisal, and it is worth it.

Something you may consider, if the tiles are in good condition, lay your new finish over the top of them.

Generosity is never a factor in valuations – it is experience and instructions.In the present market an experienced valuer may provide a more conservative result than you would expect however they will be considering a number of factors that the next valuer may not have taken into account (due to their degree of experience). This may be the…[Read more]

Loan Mortgage InsuranceLoan Valuation Ratio (Equity vs Value of property/assets)

If it doesn't have walls, then it probably doesn't have sufficient footings for walls (loadbearing or not). You will also need to consider waterproofing (set-down on slab) as well as wind loading and the effect on the existing structure.Once you address those issues, you could consider timber stud construction with cladding…[Read more]

That is generally the case nowadays. Terazzo used to be laid insitu however with the cost of labour over the last 30 years, changes in style/decor it had fallen out of favour. Have a look at the floors in your local Westfield, these will most likely be terazzo tile (although they use a 30 mm thick tile).There is very little insitu work done now…[Read more]