Also discuss your concerns with the executives on the Body Corporate – advise them of the specific issues that you want the strata managers need to improve upon. Their current rates have been approved/accepted by the previous AGM so there is little you can do other than to call them to comply with the requirements or directions of their management…[Read more]

Is the garden part of the unit or just part of the grounds/common area? Who is responsible for maintenance of the garden?As it is a large strata, you will want to know a) whether the body corporate is harmonious & works well or is disruptive and skewed by various factions b) that there are no large outstanding contributions c) that the BC is…[Read more]

Good luck! Probably not a ready made statistic. What bearing would this information have in any investment decision unless you were looking to make a play on 5% of all of the units in Brisbane?

Luke D wrote:
Mum's house was valued by the banks in late 2009 at $615,000 and it is in the Eastern Suburbs of Sydney. My questions I need help clearing up are:1. I would be adding my name to the title of the property as a percentage owner but what percentage would I be? (she is fine with this)

Determine the cost/value of the two units and add…[Read more]

Alternatively, remove the coverstrips & fill with a backing rod no more gaps/coloured filler then smooth out the bog.

This is a mandatory safety requirement in all rental premises and can be considered to be willful damage. If the tenant does not agree that they will pay for replacement serve them notice to quit for breach of lease (failure to maintain property, willful damage and not advising the owner/agent in a timely manner of damage/repairs).I would question…[Read more]

Realestate.com.au does not accept non-agent advertising.
You may engage an agent or use one of the diy sites.
It may be possible to sell the site once you’ve got the DA.

I looked @ one the other day. Dare I say for the site in question, it would be more profitable to build SEPP5 under the existing zoning or medium density under a proposed zoning next year. However a housing co-op owns the site and any approval is contingent on 10 years use as low cost housing.

as all of the work forms part of a project, the works need to be depreciated. You can’t depreciate demolition, this might be an expense.

Interest should be deductible but it might be difficult to separate your personal expenditure from your ip on your card as you can’t quarantine repayments. You may be better served by using your line of credit.

my goal – area domination…..

Improvement of shares, you can subdivide eg rights issues or take up options. Property improvements don’t come at no cost to the owner.

I’d get on the pm’s case asap. They should have already sought your instructions once the tenant gave notice. Instruct the pm the minimum lease term & not to have the lease expire around difficult leasing periods.

Prices can vary widely depending upon whether the wall is structural.

Read between the lines |you will be replacing like for like|.

It is not unusual for council to require contributions for specific improvements (provided that all future developments or subdivisions will be hit with the same charges, if not will yours be refunded?). Council may not be putting in the K&G now but when several blocks along the street have been subdivided. I have seen plenty of sites where the…[Read more]

I can’t remember which of the management theorists (Maslow, Hertzberg….) who came up with the ‘hierarchy of needs’ ie food, shelter, security, etc.

That’s as much as I’ll give away.

As i’ve said elsewhere, I know people who are willing to pay over $2k/wk but still can’t find a place.

a complying development should take about 8 weeks. Don’t go for anything which doesn’t fit the box & you’re laughing.

The next thing you’ll complain about is how long it takes to build or that the paint doesn’t dry quickly enough.

Two ends of the market from my parts – a 10 yr old unit in pristine condition recently bought by an acquaintance was sold by a foreign investor who didn't live in it or rent it out. Another few bods I know cannot find a high end rental even though their budget is around $2k/wk (obviously location is a major factor here).Go figure!

buying part of the house will affect your eligibility to fhbg, if you qualify.Your mother would only be able to claim her % of outgoings, rent etc.

You could still buy it however not within your SMSF.

the borrowed amount is capital so it is not deductible.