Always pay for good tools – a cheapy will almost certainly die when you are in the middle of an out of the way job. They can be depreciated but do last a number of years. If I leave tools somewhere, I contact the client where I have left them ASAP (some are more honest than others but that's life).

Propertyboy, we do live in a flawed world. Marc has made a number of good points, here are some more:Real property is not like listed property (there is some correllation between the two but no-one has yet been able to determine beta)Real property is not valued on an instantaneous basis based on full disclosure to the market (like shares) – there…[Read more]

Isn't there some requirement that you must have relocated for 'work purposes' ie interstate or elsewhere where it is not reasonable to expect you to commute to your place of work eg 200 km, that is you can't move out of your ppor & rent next door for half the price of your ppor?

Shower head – what's wrong with it? Sydney Water has a $20 offer for a plumber to come and replace it with an efficient one (other providers may do the same)Oven door – probably comes off for cleaning eg Westinghouse/ChefWaterproof garage – if it stops rain, then it is waterproof. BCA does not require that a garage be waterproof. If they have said…[Read more]

Average vacancy rates are calculated over the long term – more importantly is what is the current VR, what was it 6 month/1 yr ago? & what competition by new developments is there?

Some solicitors still offer loans (usually on property though). It might pay to ask your solicitor if he has any contacts or leads?

Jaffa, can you not access a LOC if you have one? No need for further documentation, no application fees, property is not independently mortgaged.

It sounds like it is time to review some contracts pijoko – start with the members of the executive committee. How many lifts in the building? What is included in the lift maintenance contract (if they are getting $100k pa). What sort of building/lifts (hi-rise with fast speed or low rise with low speed (hydraulic/underslung etc)). What works were…[Read more]

ASX listed property generally relates to commercial, industrial & retail property trusts. Each sector of the property industry moves independently of eachother so that this index is not a worthwhile assessment of the residential sector. Might be worth looking at housing approvals, domestic construction stats etc and trending of the median house…[Read more]

Offer $315 based on the vendor restumping & replacing stucco.

Condition the sale contract subject to DA for 2 units (within a reasonable timeframe) and subdivision of the property by the current owner – it may be possible to buy this site using an option contract (small fee which is then included as part of the purchase price if you proceed but forfeited if you don't ).  If you don't get the DA, have a fa…[Read more]

Well, what does your body corporate do for you? They are the ones who instruct your strata managers , seek appropriate advice from 'the experts' and pay their bills. Your BC must be useless if it expects that the SM who may visit just before AGM to know what is going on if it isn't kept informed. If contractors who have been engaged by the SM on…[Read more]

The qs will shed more light on the matter but if you contact the AIQS (aust inst QS) they have a full list of practitioners. Generally though, anything pre-July 1985ish did not attract depreciation allowances but as they have a remaining life & a current value this may be able to be depreciated.Google QS's for more info but Napier & Blakeley or…[Read more]

Do the short course at Tafe (which also qualifies you for Dept of Fair trading owner builder licence). A couple of hundred dollars (tax deductible if it relates to your work) and you get a fair bit of info & handbook. You may be able to do it online/at home via OTEN.

As with all insurances, shop around. Some may need to spread their risks more than others and are able to offer better prices in some areas whereas they may have too much exposure in other areas and their premiums are reflective of this scenario.

You are generally allowed some curtillage around your 'rural' residence however once you subdivide, this is a new property and subject to cgt. Same goes for selling subdivided duplexes etc

1 – You'd probably need to ask the solicitor doing the transfer. Her ownership pre-marriage/moving in may jeopardise her chance of getting the FHB grant. She'd most likely have to buy before she moved in with him though.One difference between Joint Tenants & Tenants in common is survivorship, JT gets the property upon the other parties death,…[Read more]

Any QS should be able to do it (probably without an inspection). Give a couple a call to discuss. They will give the the blurb on depreciation.

2 questions – is there going to be a recontribution of the capital to your friend by his girlfriend or is he putting her on the title for free (stamp duty may not be payable if it is a nil transfer for 'love')?Cgt may apply if this is not his PPOR, also may apply if he is transferring at a profit (might get a credit if he transfers at a…[Read more]

Qlds007 wrote:
JaffaWhat is the size of the property in Sq M ?

Jaffasoft wrote:
The whole property area in square meters including the rear yard is 180 square meters.