It is no good having a DA for a development which either does not optimise/maximises the use of the site, is not what the market wants (ie 2 beds where 3 or 1 are required), too costly to build etc.

Seek a special resolution & get exclusive use of the area. Similar to how some parking spaces/garages are attached to units.

If you have seen a property on domain.com.au etc then the agent is entitled to their commission (providing that there is an exclusive agreement) – the marketing has worked. If it is no longer exclusive, go for it.

Owners do not inflate prices to cover the commission & marketing as it can compromise a sale.

Agents are obliged to pass all offers…[Read more]

Before proceeding, make sure that the RL of the slab is above the flood level.

You may be able to get away with putting the house up high, laying the slab, stairs & connection of the services. Ie making the relocated house habitable & having the downstairs ready to be enclosed.

If anyone can get a residential builder’s licence (if they have bothered) without formal training in construction, engineering, design, cost control, contract administration, quantity surveying, estimating, services coordination, programming, site establishment, ohs&r and more, then I really worry about the future of the industry & how or why…[Read more]

if you aren’t on the sales agreement already, there may be stamp duty/transfer issues.

cons: high transaction cost – selling costs & possible new purchases, loss of security of ppor vs renting, relocation costs.

Why can’t you redraw the $400k equity for investment without selling?

I’d say he knows what he wants from the site. $35k/acre isn’t ridiculous but the timing has to be right. I think you’d have buckley’s of getting an option which would require him to subdivide & reduce the development potential of his site unless you were prepared to pay above market to secure the additional land & compensating for lost development…[Read more]

I’ll be the first to admit that I haven’t read it (or any) of this genre of books – nor do I intend to either.

Your home/ppor is an asset, you can leave it unencumbered/do nothing (passive investment) or leverage it & make it work for you ie not just capital growth & cgt free.

Your IPs, your choice: cap growth or income? Income is the instant…[Read more]

the regs only state the owner can’t require an upfront payment, nothing about tenant voluntarily paying it.

Do the rounds of the agents in the areas that you are looking at, repeat, repeat, repeat. Then they'll know you are serious (well as much as you can be with a $200k budget).

Might I suggest: "don't stay in dodgy accommodation".

You have to understand what is behind the numbers because they will only tell the story that the author wants the reader to hear!Median prices, like average prices are someone's interpretation of how/what has been reported as sold but generally does not include the analysis of how they have determined those averages/medians. What do I mean? Has…[Read more]

Do they comply to Aus Stds? Are they from one batch? How is the range of colours between packs? More than just the usual questions need to be asked when purchasing some goods over the net.

likewise I’d suggest you contact an independent broker who can have direct access to underwriters like arrow etc.

Try brookvale insurance brokers, austbrokers, oamps etc

Bullmarket wrote:
Derring Lane Pty Ltd v Fitzgibbon [2007] VSCA 79 where the valuer was again held liable despite the existence of a 'disclaimer' on the valuation.

You'd have to read HDY's case summary on that one Bull.  HDY Newsletter  Get your facts right! The case related to a claim by a purchaser who relied on the vendor's valuer's c…[Read more]

Great strip of brothels along the main street. Plenty of run down & vacant shops along there as well. You might be better off somewhere around Warrawong which picks up on the housing comm crowd but also has a Westfields.

wblack wrote:
… can a body corporate stop you from leasing a unit out, and can they have any say in the who the tenant is?

If the property is company titled rather than strata titled, then not only do the other directors have a say as to the tenant but also whether you would be a suitable buyer.

No , the question is ‘to whom does the valuer owe a duty of care’ & that is generally ‘their’ client (the bank) & whether the valuer has consented to the DOC being extended to others who have sought consent to use the valuation for the instructed purpose.

if the condition of the property has changed since executing the sales contract you may have grounds to delay settling or break the contract. Speak to you solicitors/Conveyancer & get them to notify the vendor accordingly.