It is all about timing and location. Areas like Darwin (and probably Townsville) have experienced alot of growth in prices, so those who have invested 5+ years ago would be smiling. Supposedly a set & forget investment with no vacancies & a tenant who looks after all aspects of asset management – pretty much needs to be analysed as a commercial…[Read more]

Drop me a pm if you require assistance with getting presales to assist with your finance.

Not too sure about PM rates in Adelaide but decent Sydney based managers are charging 4-6%+ gst but it does depend on the building, expiry profile etc. (PM me for more info)

Can I rent the Dee Why flat for $550/mth?

You will also need to provide your friend with a ‘letter of appointment’ to show that they are authorised to act on your behalf.

It is illegal for someone to act as an agent for reward if they aren’t licensed.

Kiss – just write to your agent & advise that their services are no longer required & to pass all details to yourself.

Transferring your last IP may not trigger cgt but you will be liable for stamp duty. You will need to have your trust set up prior to signing your contract of sale.

Was this a holding deposit or had they exchanged contracts? If the purchaser withdrew in the cooling-off period, then they would be liable for the 0.2%

Had the S32 been prepared?

Just when you think you’ve covered yourself, you find another hole.

Document every contact/attempted contact that you have made with the builder (diary notes + copies of phone records)Lodge your claim with BSA ASAP.What stage of declaring bankrupt is the builder at? What other parties are involved? Are you owed any money or are they yet to claim the cost of the works according to the progress claim schedule?

A few questions: is it maintenance or replacement of an asset with a different asset?Putting down a slab will require excavation, drainage, possibly concrete pump etc – so it won't be a cheap exercise. Concrete will also increase the heat-load on the house.  If the grass is in good condition, then consider a rent increase & offset by arranging…[Read more]

TC – the construction industry is covered by the Security of Payments Act – if the bill was unpaid, the bill was to a client (not a homeowner) etc then the plumber would be entitled to take this matter to court to seek payment.

Although it looks like good value, Katoomba is a few stations too far for the daily commute. Lower Blue Mountains is better.

xdrew “4 foot * 4 foot bedrooms” = anticipation for midgets?

developer’s name would have been on the contract. Builder would have had their signboard up showing their licence number. Council could advise there.

As for price, you take a punt, crystal balling it hoping for a stag profit.

the only utilities in your name is the water. Recent changes in nsw means you can only get usage if water efficient taps are installed.

Payments in cash require receipts to be issued. Direct credit doesn’t need receipts.

You can download nsw form from the fair trading website.

You need to provide tenant info from the oft

Assuming the mining boom continues, Perth office accommodation will be in short supply for several years (something which has been refurbed will always be more attractive as a rental than buildings which haven't).You should be able get your gst back when you prepare your next bas. Just get your timing for settlement right ie settle a few days…[Read more]

What does the strata managers have to say about it?If you don't use one, it might be time to consider it. Otherwise, you may need to seek legal advice or read the strata act for your state.

Is it a residential lease? Then, if there is a lease in place, no you cannot raise the rent until expiry of the fixed term (regardless).

BTW a tenancy schedule is a list of the various tenancies in a multi tenant building eg office block or shopping centre not the names of the tenants who occupy one tenancy, they are the ‘lessees’.

well that is one advantage of a commercial lease. You still need to be wary of the effects of a fitout contribution.

bit of a bee in the bonnet with Conveyancers today Terry?

I use one based in Gladesville, legal background but prefers Conveyancer. PM for details.