It 3 – From memory Section E Access & Egress. The formula for design of stairs is shown diagrammatically.It 4 – Builder could probably shoot a few skew nails into the joists through the carpet.

http://www.smh.com.au/news/property/not-in-my-backyard-say-firsttime-buyers/2007/12/08/1196813075826.html?page=fullpage#contentSwap1

It is easier to justify mileage rate on a logbook basis & get reimbursed by the trust than trying to separate out your private usage of the vehicle unless your business usage is quite high.

Get out the copy of your home warranty insurance – make sure that it is valid (still within the period of coverage). You are only generally covered for structural issues not superficial defects beyond the first year.If the faults seem to be structural, engage a building consultant/inspector to run through the list and to uncover more. This will…[Read more]

John, keep your copies of the sunday herald (sydney) property section – generally lists all of the last week's traded houses/units incl sales price & size. Keep as many as possible, whenever possible, get back issues if you need. Or pay for a one off from one of the suppliers of the information.Then it is dogwork – find a few in the area of…[Read more]

Check your interest rate Stephen, 8% for half a year is 4% over the period – not an anualised 16% (unless of course you are borrowing at 16%).Ie – Purchase – $300k + costs $15k = $315k. Add interest say, 6 months @ 8% = $12.6kReno = $30k + interest, 6 months @ 8% x 50% = $0.6kGross Profit = (net profit rate + selling costs rate) 14% x (costs)…[Read more]

if it is an IP then bc, rates, sinking fund etc are all deductions.

pirate wrote:
hi  – excuse the ignorance but could someone help explain:1) ignoring capital yield, what % rental yield would a person seek when searching for a potential ip? if in the current market the cost of finance is approx 8% ? i assume anything less than this would look unfavourable.

What type of IP (resi/comm/ind) – each market has a…[Read more]

Jamo.d your only available option is to object to any DA which is lodged within the 10 day period assigned. Raise as many valid objections as is possible (it might be worth engaging a town planner of your own to frame your objections), get as many of your neighbours, friends, relatives, long lost >>*&#>> etc to submit the same letter (changed name…[Read more]

My vehicle is an 'old style' discretionary trust. My second is the Pty LTD (I think that's a Ford). My wife drives – a hard bargain.Give nothing away.

Does each party want to own 1/3? If so, do they have the borrowing capacity to make up the difference in their deposits? Essentially, you have between $75k & $95k as a deposit. You will need to determine how large an investment that you are all prepared to make – eg 80% geared $375-$475k range, one or more properties, each person's capacity to pay…[Read more]

Tracey, I am just presenting the traditional/commonly accepted approach to these things. Each investor will weigh their decisions differently (rightly or wrongly) and invest according to their philosophy. In my book, cashflow is king when valuing an income producing property, hence a negatively geared property has a negative return on investment…[Read more]

Dr.Spock wrote:
why don't you just go to council and ask for the owners details, as you need to get in touch with them

Some privacy issues here Spock – this is a breach of council's privacy code. Valuers can no longer get this information directly form council and must go to the LTO/information providers.

On the whole insurers will only pay out the barest minimum that they are required. If you are over-insured or double insured you will only get paid up to its value (split by the number of insurers). They win.

If you are using a licensed builder you can do as many as you like in whatever timeframe. In NSW, at least, you will be required to have an owner builders licence requiring you to sit a course – about $500. Not sure if it is the same in other states.

VI, you own whatever is within your walls – carpets, paint, kitchen, built-ins, light fittings, bath tub/shower screen, basin, tiles etc. Visit a few showrooms to get a feel for what the fitout is worth to replace then depreciate it to its current state. Very few policies will cover new for old and you will always be caught short.Consult your…[Read more]

Tracey, it is a much more likely scenario that you would be getting your 12% on your commercial property based on a 4% growth/8% rental yield with CPI/4% growth and this would affect your equation as follows:Commercial Ppty – $250k yielding $10k capital gwth & $20k nett rent. This would result in +ve cashflow from day 1 (at the right interest rate…[Read more]

Hint – if it is negatively geared, it is COSTING YOU MONEY & vice versa. Tax offsets only improve your situation (at some point in time).Trakka, sure you must consider ROI on your investment but you must also consider ROI of the entire asset, if you have a good performing asset (remember, you may actually own the whole asset at some stage of its…[Read more]

Trakka, you're right regarding the intent of the legislation it is to ensure that building works are carried out by licensed trades (Dept of Fair Trade/VCat etc). The use of unlicensed trades is risky – most tradies regardless of company status/sole trader/partnership have blanket insurance policies not taken out on a job by job basis…[Read more]

The Perth A Grade commercial market is quite tight at present and there is very little new stock coming on the market (either under construction or being planned). The new train line in the centre of Perth will also drive demand for well located property (near Hay/Murray St malls).Read and understand the lease which is in place, lease term…[Read more]