A co-ordinating agent is not too common for residential sales transactions (unless of course you are selling multiple units etc).IR acts as a co-ordinating agent – effectively acting as a manager of the agent you appoint. So you need to ask yourself, are you capable of managing the expert or do you feel as if you will be overwhelmed by the agent…[Read more]

Live in it as ppor or hold on to it for 12 months or sell at a loss.

as for Auburn, is this the old ambassador motel which was converted to units several years ago?

contact australia post, they have a form.

I’d get my own sparky to check the board & wiring. If the new tenant requires additional lights etc (on new circuits & subboard so it does not affect the existing installation & can be removed at termination of the lease). Then the tenant cannot argue that they have relied on an unsafe or non-compliant installation.

Both are good depending upon your goals. Carlton will always be a popular inner city destination known for its restaurant strip. Auburn is in the westernest suburbs & that won’t change.

If you can find something decent in carlton, go for it.

no tax deduction to be had only a saving by paying off a loan more quickly.

Consider: Greed, Fear & Panic – put an offer on the table (they will want more), take it off the table (they will come begging). Fear – if the property is sitting there and you have retracted a fair offer.

yep, contact a broker who has access to a wide range of insurers.

try the direct approach, knock on the door & ask if they own the house or are renters. If they rent, do they know the owner or is it through an agency.

sell up quick, get out whilst the going is still ok. Buy into something less risky & market-priced, like cfds or futures.

plenty of information on this site but you would be best serviced by professional advisers.

ok, the existing loan is fine. The loc is contaminated, how? Any capital improvements should be separated out & added to your capital base, other costs quarantined.

By the sounds of it, the dwellings are subdivisible and are now treated as two dwellings ie 2 lots of garbage, rates, land tax, cgt even if they are vacant.

So, pull your finger out, complete the subdivision & start selling or renting.

there are some risks with both options outlined above.

As Richard points out, if you ever intend to move to another house when the family gets older, an offset leaves you with access to the money without a new mortgage and the ability to negatively gear your current house, you can’t do that if you pay out the loan & reborrow. You could then apply…[Read more]

As far as I know, the trust does not pay tax but must distribute the income to the beneficiaries who pay tax. The trust can’t sit on the profits.

It’s not just the deal that you strike Anthony but how you achieve it.

As Alf said, title cannot transfer until settlement, your best bet might be ‘early access’ & approval for a DA. Settlement can be as short or long as you agree. You might even consider a lease with 1st right to purchase.

Check out one of my recent blogs – Invest-for-SuccessI am not an accountant but the information has come from a recent edition of National Institute of Accountants Magazine and will give you a little more of a heads up about it. It also references the article so you could contact the NIA or the Author.

is a video any more a useful selling tool than a couple of virtual tours?