Any idea whether they will use the funds for expansion, infrastructure or exploration?

I'm with Shahin on this one. 50 m2 is the minimum that the bank will lend on with max lvr but this is tiny for a two bedder.

It is Saturday, the busiest day of the week. If you want to arrange time for an inspection call on Monday/Tuesday to find a slot for the weekend, don't wait until the last minute to see if he will drop everything to accommodate you.

it won’t harm if you have an extra bedroom

Generally as Freckles pointed out, worst case scenario is you’ll need a heritage consultant to get their assessment etc as you must be fully conversant with the items requiring protection.

In most cases the heritage items pertain to the streetscape.

On the upside the property is exempt from land tax.

Having just spent a few days up in the Hunter, I did notice a few things: new subdivisions on the south side of Muswellbrook, most of the people that I spoke to who work in Muswellbrook (non-mine related) don't live there (they travel in daily from as far as 1/2 hr away or longer), the rental returns on face value are quite good (just have a look…[Read more]

You may need to see the Pope to get that annulment Terry.

Get it in writing from the council town planner including the clauses from the LEPRE/DCP.

Some councild won’t allow zero lot lines but others will allow it.

There is also ‘oops’ get the plans approved retaining the wall, build the tie-in walls then oops the old one fell over and gets rebuilt.

You might need to change your view of the area so that you don’t let your attitude get pushed onto your pm. If you think of your pm as a lowlife, what will you expect in the way of tenants?

Take a visit to Bondi – you should find a kiwi expat or two down there.

But seriously an oz based kiwi would have the requisition knowledge.

I’d suggest seeing your accountant asap to confirm that you have met the ato’s conditions for release of gst.

You can always appoint another agency to manage the property and getting them to take the condition report.

Bureau of Met must be having an off day. It gets quite cold in Gundagai – its about 450km South of Sydney & past Canberra on the way to Victoria. Yes hot in summer but bitter in winter.

Terryw wrote:
Just because most are clueless doesn't mean all are. (from what I see at training sessions etc most are clueless)

Same as any mandatory cpd conjured up by the OFT.

$65k gross (with probably 20% outgoings), no lease expiry profile, no due diligence on fire/mechanical/hydraulic services.

So the headline rate might look good but at less than 8% net for a unique rural property which does not appear to have any really good leases in place (highest payer is likely to be the hardware/storage).

qldminer, are you looking at your net position or just your cash position in being $20k pa better off? As Richard points out there are several ways to skin a cat and get money out of the property eg depreciation. Is your current loan principal & interest or interest only? Are you on the best loan for your situation etc? I can't offer too much…[Read more]

You don't always get a less than desireable tenant in these areas but you have to be prepared for some of the bumps along the way eg: unemployment, relationship breakdowns, first time out/no credit history etc.

So it comes down to what you expect from the tenant and what you get as payback (risk).

Generally I would request an audit
a) if one had not been undertaken for five years
b) if there were alot of expenses in the year
c) if there was a new strata manager
d) suspicion of anomolies in the accounts.

The strata manager should back this up as well.

Is it still possible to withdraw all of your super if you are relocating overseas with no intention to work in Australian. again?

Is that a gut reaction to your redundancy or have you been researching this option for a while?