Abmyboy, when was cpi last running @ 8%?

1% on options is not unusual, it is typical, the trick is keeping the option period down to 12 months & strike a sale price which covers some growth/pain but nothing which makes the deal unviable.

Thx Michael, check your inbox.

talk to the local property managers – they will tell you what they have the most demand for. Families who relocate don’t need furnishing, fly-in fly-outs don’t bring their family.

It ‘s always fun when you can frustrate a developer. Remember, you don’t owe him anything.

These deals & much better are available in most capital cities, esp Sydney, Melbourne etc. East coast is probably a little less exposed to volatile markets & the resources boom. Pm for more or clicking on the blog link below.

why is your $million property returning only 2.4%? Speak to your property manager to get a rent increase. Does it need some minor maintainence to achieve the rent review?

there’s plenty of properties returning good yields. Check your pm’s

If I were a millionaire, I’d be much poorer than I am now!

yep definite rip off. You should see if you can shop it around to save yourself $10.

hmmm… There is no constituted bc on the proposed development as there is no building so there cannot be a registered strata plan requiring an oc to be formed.

The developer has purchased the unit not the bc.

Nothing new or earth shattering, just strategic.

Once the project is completely sold they will possibly sell the one unit as they have…[Read more]

Musswelbrook has been an interesting proposition for many years. It obviously has a strong mining industry but with a carbon tax in the wind, overpriced commodities, strong AUD etc it makes the future reasonably uncertain. This is basically a one industry town, so another level of risk however it is not a small town by any means & also a major…[Read more]

pm me if you want to know more.

firstly, is it residential? Then, I believe it is input taxed.

secondly, the vendor would have to be registered for gst. Unless you were willing to add gst to the sale price, the vendor would lose 1/11th to gst. Must be a very keen vendor to do that.

If the premises are not used for commercial purposes but for another use, then the rights will lapse. If you find a tenant who wants storage etc (if this is the desired use) then the use rights will continue.Having a separate entry will save you alot of headaches (and then the two can be leased separately).Look at the…[Read more]

If you don't want to raise the ire of the body corporate just advertise in the local paper or gumtree etc with the suburb, details and your phone number.

Depends upon what type of job you are after – there are plenty of well paying jobs up in the mines, golden sandy beaches, serenity etc but hudreds of KM from any major town or city.

Yes – a blade wall with a T at the open face or a dogleg.

OK a couple of points to note: if you start using the property for another purpose eg only residential, then you will lose the existing use rights – which one is going to give you better rent?If you are going to occupy part of the building consider separating the entry to your domicile from the rest of the premises – as a tenant, how would you…[Read more]

Strata PL ins will cover the strata's lliablility on common property – if you require PL for your own purposes then you will need to effect a policy. You may consider a landlord's insurance policy to that effect.

Of most concern is the ‘existing use rights’ – when did the previous tenant vacate? This will expire after about 3 years.

Rent should be on par for similar premises but unless there is a low vacancy rate/high demand for warehouses then you should only consider the current use for holding income & the highest & best use for the long term.