1 Fitout period is usually shorter than a negotiated rent free. What incentives have you agreed?

2 a gross lease includes outgoings – you have no control over o/g increases on a net lease

3 what rent review mechanisms apply?

4 insurance provisions?

5 make good requirements?

6 guarantees? Security bond?

Need I go on?

Are you convinced this…[Read more]

it all comes down to what you negotiate. What Fitout contribution and rent free period have you agreed?

why aren’t you negotiating a gross lease?

Why aren’t base services already in the building?

Why are you paying the initial telco install to the first point?

How does this deal stack up against other property in the area?

Pm me for more.

Rrrreoww ! No cat fights please…

I look at longterm ‘like on like’ sales, ie resales of the same property. In truth, it is more difficult/inaccurate to compare 57 xyz st to 22 tuvalu rd than a resale of the same property.

In my own LGA the stats show 7 or 8% pa, I see somewhere between 4-5%. Why?

Disparity of comparability. The area has a fair degree of knock-downs & rebuilds.…[Read more]

WomeninPropMelb wrote:
…It is different in NSW because as I understand it, you have to get a building and pest inspection completed BEFORE you make an offer.

It is not a prerequisite to have these done in NSW before making an offer – the cooling off period allows the purchaser to retract from the contract within 5 days for a minimal penalty…[Read more]

Anthony, as far as I am aware, in NSW the cooling off clause specifically states the penalty of .25% of the contact value. The consideration is paid for the exclusive period for investigations

If you recind the contract, a charge of 0.25% of the purchase price will apply, this may be peanuts compared to the legal costs in the future esp if the builder declares themselves bankrupt/dies/refuses to do the repairs.You only mention the strata report – was a building report done as well? What was the buidling surveyor's feedback?In light of…[Read more]

The main issue is price – the closer you are to the market the sooner you will lease the property. Even if you drop below market to rent it out quicker you will more than make up for the drop by having leased the house out sooner rather than losing $200 per week waiting for the extra $25 which may take another month.

End of financial year, it is winter (traditionally slow market), coming up to school holidays, you name it.

Hi Anthony,congrats & welcome etc.1) You have very little in super at present and unless you have a smsf you can't gain any form of control over it. However, if you were in position to, you would be only investing for the long term (at least another 28-33 years time) so it is a long time to lock away your money but the upside is it CGT free once…[Read more]

If the block is already paid off, what is the demand as a raw block of land? Are they rare in the area? is it well located? Would it have more attraction to a buyer as a home rather than a project?Do your numbers and determine whether it will be better to build (use a project home builder & slightly upspec to suit the market) or to sell as is. If…[Read more]

yes it is jd, how do you know what you are getting without the lease?

If you contact an agent, they will be all over you like a rash for quite a while – the sniff of doom or dispair will get them rubbing their hands. ;(You could approach a valuer – give them a proper brief ie property settlement for a break-up etc. They will do the groundwork and provide you with the right information. Then you might seek an agent's…[Read more]

tjunction wrote:
Hi Scott No Mates,Can you PM me RE properties returning good yields too.Cheers, Toby

Hi Toby,please turn on your PM's or send me one so I can respond.SNM

I heard an anecdote from someone yesterday when we were having coffee – he said he and two of his mates bought at about the same time in Sydney 15 years ago approx, one an old semi in the innerwest @ $150k, the other in Campbelltown got a new house for his money & he got a run down house on the north shore. His first mate sold for $850k+ having…[Read more]

Underpants ……. Profit.

Find out what the market wants (speak to agents), see if is possible (town planner), find out what it’s worth (agent)

copy the plans & cover the title block

Sounds pretty poor to my way of thinking. For 2:1 will allow 2800 m2 development on 2×700 m2 lots. But with only 30% site coverage you will have a 6.7 storey building which is about 12 m deep.

Danny, with an established area like Lidcombe, it will always be in demand. New areas, esp newly developed houses will depreciate for several years until the capital value of the land appreciates markedly, so an early sale of the property will generally result in a capital loss or only a very small gain depending upon how much stock is on the…[Read more]

I can’t comment on the victorian property as I don’t know the location. Suffice to say it is a house, you can do as you like with it. Is it in a growth area?

As for Lidcombe, good location with trainlines and all facilities. Is there a good or bad body corporate & strata management? Why do you want to part with either property? Is refinancing an…[Read more]