Aren't centrelink benefits determined on total assets (not net asset base)?

Why go to all of the effort & cost of sale, leaseback & repurchase? Can you not offer your sister a loan at minimal margin over your cost of funds? Just formalise a loan agreement, determine how much she will need & when she will be able to repay you? Will she qualify for any govt allowances whilst studying? Is part-time study/part time employment…[Read more]

Generally you consider a knock down & rebuild when it is no longer feasible to keep the existing building ie it is at the end of its useful life eg the cost of maintenance is increasing dramatically, the cost of an upgrade/extension can no longer be warranted ie too costly to effect (refer to life cycle costing texts for more information).If you…[Read more]

Split your LOC, at least you can easily track your investments and you do not need to worry about apportioning any interest/repayments

Other factors can also play their part in the drop in the median price eg a decrease in the commencements/approvals of new dwellings leading to a decline in completions. That is, if the majority of recorded sales are for resales of dwellings (other factors aside) the developer's premium does not play as great a part in the median price of sales…[Read more]

There is no hard and fast rule however making you aware of offers which have been knocked back is a strategy to induce you to put in a higher offer. The agent will generally not disclose who has put in an offer – this would be a breach of their duty to their clients.

Refunds are available on application ie they cannot charge SD on a contract which does not come into force. This is the same for sequential leases where they are terminated prior to their commencement date.

If that's the case, then own the factory independent of the business, charge the business rent (whatever makes sense – refer to your accountant/fin planner about structuring) – probably easier if you say that you have pre-leased to xyz p/l (self) than being owner-occupier.

Best time to buy that I have found is when the vendor is bleeding, maimed or possibly decapitated (by the banks, family issues etc). There is nothing like a distressed sale to bring out a very attractive outcome.But otherwise – beach suburbs in winter, seasonal property out of season (eg ski property in summer), country – in drought.

There is usually little capital growth in commercial property until some of the market fundamentals change – ie Sydney CBD has been sitting on $8-10k/m2 for quite a while, so unless there is some new pressure eg rezoning to move to a more intensive use, then property prices will not fluctuate wildly over a given timeframe. Having said that, prices…[Read more]

In Victoria 60 days notice is required to secure vacant possession – there is still plenty of time for notice to be served by the current owner. Is vacant possession one of the conditions of sale? Your solicitor may have to requisition the vendor to comply with this obligation. As for a rent increase, you also need to give 60 days notice of an…[Read more]

It all revolves around what is not there rather than what is contained in the contract. Good documentation & good contracts leave little room to move.I would strongly suggest that if you were considering entering into a building contract for a reasonable project ($500k +) then engage a good contracts administrator or QS to review the contract …[Read more]

At the moment, the NSW govt is reviewing whether or not under the Strata Legislation that it should require a lesser % of owners to agree upon a sale/redevelopment than the current threshold.  That is, at the moment, it is very difficult for a developer to buy up an entire strata building for redevelopment unless almost all of the owners agree…[Read more]

It was 0.09% Blogs, not 0.9% – http://news.smh.com.au/nab-breaks-rank-to-lifts-rates-again/20080325-21g4.html

For a little more than $5k you can get a real master's level degree from an Australian Uni, not only will someone have heard of the university you won't be used to do someone else's dog work.

If you look hard (not that hard really), you will find the properties on offer elsewhere without having to go thru CFC (and paying a % above the asking price).  Do a google on Spiro Kladis. Just sign up to the daily email alerts. If you look at some of the rents (esp on the commercial properties, they are often unsustainable) – be wary

Before getting rid of your bathtub, consider that 1/2 of your possible tenant pool is female & may like to relax with a soak in a tub (not a half sized shower base).

Maree, as Mr X has sublet the premises illegally (ie he has not sought the consent of the owner/agent hasn't sought this consent and assumed that Mr X was the owner) it would be up to the tribunal to determine whether they would honour this sublease (and ping the owner for his breaches of the Residential Tenancy Act, and the agent for breaching…[Read more]

Engage an agent – it won't cost you the earth. Why? How do you intend to show purchasers the property (rely on the tenant, fly to the site each time someone wants to see it)?Consider selling it to the tenant via vendor finance/wrap etc.

No lease, (this is a breach of the tenancies act), in this case the tenant will have more rights to break the agreement. Bond would not have been lodged with the bond board – another breach (the tenant may lose his bond if the landlord holds on to  it but does the landlord want to risk going to the tribunal for not lodging a bond and not…[Read more]