The valuation provided reflects the brief – if you ask for a market valuation for the purpose of purchasing a property, then you do not need to provide a 'purchase figure', you are paying them to come up with it. If on the other hand a bank is instructing the valuer to provide a val for 'mortgage purposes', they are essentially confirming that…[Read more]

I'd argue the toss about S94 contributions – the original developer probably paid their contribution for the creation of 10 units, your work is creating separation of title to each premises. The schedule of council fees should be on the council website, contact a surveyor to determine their costs including preparation of the strataplan, submission…[Read more]

I'd be surprised if you could pick it up any cheaper than 3-4% on net yield. Many of these sites are hotly contested – do your research. Find some similar sites in Robina ie same zoning and similar size to get a feel for price, check whether they sold vp or with a lease on foot. Then add for the quality of the lease covenant. What sort of rent…[Read more]

The question is a bit wide – but do you want applied finance, land economy, feasibilities, DCF/NPV, valuation methodology, property management, Facilities Management, Life Cycle Costing, Due Diligence, Asset Management, portfolio theory or just the basics?

Vals can generally be arranged within 5 days of recieving instructions – there are plenty of valuers around, check out the australian institute of property's website for contacts.PS only a valuer can give you a valuation, real estate agents can provide an appraisal (big difference).

Is negative gearing all that it is purported to be by 'the mum & dad investors'? As Duckster points out NG is becoming less attractive with lower tax rates – so for those on low incomes it should be a no-brainer that a loss leader with little offset should be avoided. It is more beneficial to park your money in a bank/fixed deposit to earn 8%+ at…[Read more]

Clubby, you have missed the point totally. No two properties are identical therefore if you want the correct analysis you must undertake a methodical valuation of the premises ie engage a valuer if need be.Stats are just that, an analysis of the sales in an area without taking account of what data is contained (bar separating out units from…[Read more]

It will depend on the zoning and what is permitted under that zoning. In NSW if it is close to amenities, transport & services you can erect units for the over 55's basically in any residential zone. If there is an appropriate zoning, your house probably has the same zoning but you can check out the zoning map at council. Speak to a town planner…[Read more]

Miners generally aren't buyers in the area that they work (they are itenerate). How long is the boom going to last (until China & India run out of money). Will the mines pack up and go? Yes, eventually. You will need to find out the life of the mine, its viability and whether there are any other industries which will survive without the money from…[Read more]

No two properties are directly comparable. How do you compare a 3 bedroom house on 600 m2 with a 2 bedder on 650 m2 which sell for the same price? You must compare like for like!  Basically you need to develop your building cost for each house, adjust it for depreciation/age then deduct it from price achieved. Deduct the cost of other…[Read more]

Alot of money for solicitors spent on chasing a penny – that's why you go to the obudsman.

You might consider looking at rental yield as your yardstick – as prices stagnate and rents increase, yield increases as well.

There were other issues in the economy at the time of high interest rates and that included the introduction of capital gains tax and the removal of negative gearing tax benefits. So it is probably not relevant or pertinent to look at this issue in isolation you will need to get an understanding of the economy and its drivers as a whole.

If you are looking for historical median prices you will be out of luck. The analysts only shifted away from average prices a couple of years ago.

Just ensure that the display home company will undertake a suitable refurb before vacating- a show home is high wear and tear especially on cupboards, door furniture, light switches etc.Check the comparables in the area and the rentals as part of the dd

harb wrote:
…Land developers in the new estates are in a similar situation, they have to provide a certain % for parks and recreation area, better roads, broadband cable, Noise barriers and retaining walls in some cases,etc.

It is not that developers in a previous life did not have to provide the infrastructure but the service providers…[Read more]

Likewise in NSW Jake, a unanimous decision to sell must be made (there was some recent talk of reducing this to 75% of the owners).If there is a lower threshold, then engage a valuer on your behalf, brief them on the purpose (it may be a dual purpose eg market value and sale for redevelopment/highest and best use {of the block} or the like).

Gifting a property is just that – no value. Your downside is when you come to sell – you paid nothing so are up for 100% CGT if you have not used it as a PPOR. Your wife's downside is that for disposal purposes, it will be valued by the ATO as having transferred/sold at market value – so she will be up for CGT as well. Weigh up these costs before…[Read more]

In all markets (rising or falling) it comes down to what is agreed (willing buyer/seller, not over anxious etc). The property has been put on the market at a particular asking price by the vendor/agent. The condition of the property as inspected is a known factor, the unknowns which the building inspection may have revealed such as termites,…[Read more]

By the sound of it most of these costs will go against any capital gain that you may make ie not a deduction but capital costs.