Australian property monitors also have days on market information – they trawl the adverts. Also a paid service.

Contact council for their minimum requirements. Generally it will require fully dimensioned & scaled plans, position of neighbouring buildings & window positions, shadow plans, neighbour notification plans, drainage diagram, elevations & sections. There may be a stormwater & sediment control plan required too.

Let's look at it this way:Rent: say $400 pw = $20,000 pa (2 weeks vacant)Letting fee: $440 (1 week rent)Monthly statements: $11Annual Statement: $27.50Management fees/comms @ 8.5% = $1,870Letting fee: $440Statements: $159.50That's almost 13% assuming you don't pay a reletting/negotiation every 6 months!  I would be telling the agency to show why…[Read more]

it depends totally upon your comfort level with risk, your expectations for returns, your pain threshold & deposit.

Is the % charged higher or the amount charged?

hmm, have you submitted a DA? if you are erecting a wall, it needs a DA, which means body corporate must consent to the plans & engineering drawings, additional floor loading. You need to pay body corporate’s costs & the cost of submitting the da.

Unless you broke the sheet or took the paint back to bare cement there’s a very remote chance of having released any fibres whatsoever. Any which were released would most likely have been bonded to the paint.

Both sites are subject to some noise – it becomes a bit of a trade-off as to which property will give the better growth over time. Over the last few years there has been substantial growth in the south esp around Tempe/Mascot etc so you'll need to consider whether there is more growth to be gained in the short term down south or better buying…[Read more]

Send me a PM & I will send you a recommendation

Will, as above, you’ll find that the industrial zoning will allow more manufacturing, noisy, recycling, wreckers, dirty, dusty uses compared to commercial zoning – quieter uses like storage, warehousing, wholesale, distribution Etc…….

Will, each class has a different use hence produces a different return & different value.

Warehouse has the lowest rental value however you get the largest area with a little for office/amenities. Ie you don’t pay much for storage.

Office space is generally better located to transport & cod. Rent & cost is greater.

Retail is the most desirable…[Read more]

or you could use the same criteria to find bargains with all those items.

Probably right, as neither yourself nor the agent actually has a relationship with the strata manager. So direct you queries back to the selling agent.

As I said above, you don’t have any rights on the lease. If your friend gives notice, you will have to vacate.

Have a chat to your friend to see he will agree to adding you to the lease & get the lease fixed. Then ‘break up’ with your friend advise the agent.

JacM wrote:
Wrong.  If the tenant has whinged about something they could slip on, and you as the owner is made aware, and then the tenant does slip and hurt themselves and takes you to court over it, you can absolutely lose.  I've definitely read precendent cases on very similar matters.  One that springs to mind was outdoor tiles that were qu…[Read more]

just watch your returns get hammered when the aud/nzd goes back to $1.20

Scott No Mates wrote:
only domain.com.au allows private listings

You may have some luck with local newsprint as well

Sorry to quote myself but that’s what I was alluding to. You will need to put it on domain.com.au as the other is agents only.

I would be asking why the administration find is in deficit & why a motion hasn’t been made to transfer funds between the accounts – funds cannot be in deficit as it is in breach of the strata act.

What is the 5 year budget for the sinking fund?

Are unit owners in arrears? What is the strata management doing about it?

Who is paying the rent?

As you are not on the lease you have few rights especially if the owner seeks to terminate the lease.

safety issue? It is not a place of work! If it complies with the building standard applicable eg pool fencing or AS1288 glazing where safety is paramount, fine but otherwise make the PM do some work.