You  have to ask yourself "what promotion of the property are the agents doing? Are the photos & information provided reflecting what you are selling or is it a bit underwhelming? Where is it being advertised? Is the property in town or on acreage? Have local letterboxes been dropped? Is it an open or exclusive agency agreement (ie can you sell…[Read more]

PM me & I will send you some details.SNM

Unfortunately there aren’t very many options when it comes to commercial property. Although pathetic, they’re all we’ve got.

Call up or visit one of the display home centres.

if the property is still or sale through the agent, they will receive the commission regardless.

You could ask the tenant but they may be leasing through the agent & their details not disclosed.

You could submit an offer for an option subject to a DA. Yes you would lose any design costs or planning fees – check the zoning certificate for the…[Read more]

I'm with Terry on this one. Birddogging is illegal unless you are are a licenced agent (or licensed buyers agent).There are plenty of places offering your licence in 4 days for a couple of grand or alternatively you may wish to learn something and do the 4 week course through the real estate institute.

Pretty much so – get on to your insurers & find out what they will require eg police/fire report etc.

Capital costs = cost to build, not cgt or profit. Essentially, buyers will need to pay more for initial purchase costs due to higher construction costs with resale values still generally unproven. Sinking fund costs eg provisions for replacements are also higher as there are no subsidies for replacements only new installations.

Which taxes?

You might consider one of the larger city agents like CBRE, Knight Frank or Jones Lang Lasalle etc, each who handle larger commercial/tourism type properties.

They each have specialist consulting & valuers services.

They may consider a conjunction sale with one of the local agents but if locals aren’t the intended market, they will be able to…[Read more]

All good in theory but yet to be proven. There are higher capital costs associated with this type of development and the payoff takes a long time.

There is one eco-friendly development recently completed in Sera St, Lane Cove. Lots of EF features but not cheap. Whether BC costs will be lower will yet to be proved.

I’d suggest using a valuer also. Select one who has a regional base. Contact the Australian Property Institute for guidance.

this is technically a shared cost between all owners. By allowing one owner to decide who, what, how etc it will expose BC to an unacceptable level of risk should the work go pear shaped. This would best be arranged through the strata manager who would have better access to contractors and be more thoroughly versed in tender processes and contract…[Read more]

That’d be a first in my book. BC is voluntary, they cannot charge for their time. The strata manager may be able to charge its time & enforcement costs. Contact fairtrading.nsw.gov.au or vcat Etc…….

Read your contract, contact vcat & familiarise yourself with the steps which can be taken either to compel the builder to complete or repudiate the contract.

Get a valuer to give you a figure.

REITs are required to to revalue 1/3 of their assets annually. AFAIK, SMSFs have no such requirement – it would just be good practice to do so at a similar interval.

why not just get a price reduction equal to the stamp duty?

This all depends upon what you have arranged on the management agreement. It stipulates the duties to be performed eg adverts, vetting prospects, recommendation or selection of tenants, reference checks Etc…….

Try the rei or api or the stanton library.