There are also costs involved in getting the property strata titled. You will need to get a strata plan drawn up by the surveyor, assign unit entitlements etc and submit a development application to subdivide the property into strata lots. this then raises the issue of compliance with building regulations. You will be required to make the property…[Read more]

Terry, would the sale price not be 'GST inclusive' ie the vendor would remit 1/11th (or via the margin scheme) as it would be highly unlikely that the buyer of a residential block would be willing to pay a visibly higher price for the block because of the gst (regardless of whether or not they were registered)?

Never discount that idea Beadie – the unknown is a powerful tool in the negotiation process when buying. If the vendor & agent are not fully acquainted with a proposal (and you are prepared for a long term hold, until there is certainty and the infrastructure is declared or built), then you are in the driver's seat.Eg: if the property is on a main…[Read more]

It can vary widely, how do you classify ROI – is it simply gross rent, gross rent + 'percieved' capital growth, realised capital gain, net rental return, net capital gain etc with another hundred variables thrown in eg before or after tax, trust/company/syndicate etc.

Have you considered 'by the hour'? There are some uses which can dictate this esp if you are near a transport hub & there may be a shortage of accommodation but some regulars?

A question for the painters – would sealing the vermiculite with PVA (watered down) then reduce its ability to absorb paint & how would it affect the paint from bonding?

Selling allows you to realise your profit however the exit & reentry costs really hammer your returns. You may be best served by holding on to this one & ploughing you money back into your offset account for use elsewhere later on.

no . Basically , if you didn’t see the issues @ the presettlement inspection & require rectiication, there is no recourse.

Hi Alan, sad to see the demise of your old website.As the property isn't strictly speaking residential, you may well be able to transfer it across (you may need input from a SMSF specialist – I'm not sure if you need to satisfy any particular requirements to prove that the property is not residential eg track record or whether it is just the 'arms…[Read more]

1 is this a self-managed block of units?
2 is this a company titled block of units?

Provided the material is in good condition, there shouldn’t be an issue.

An asbestos register lists the locations, types & conditions of the material.

Generally if it is not within 3 m or diseased (you’ll need an arborist’s report or a queen termite & colony) you don’t stand much of a chance.

that is always a risk with a dyi sale. Either a lower price, longer time on market, more interest paid or all of the above.

There is a Melbourne agent who sells for a fixed commission/flat fee of about $6k which is comparable to the diy listers.

welcome Jane

janematthews wrote:
… I have completed the Momentum Wealth Property Education program which contains 5 Modules from negotiation strategy, developing, financing, buidling a portfolio etc.

Of course, if I was employed by the same organization which runs xyz course, I’d say it was good too.however, I’m not so I don’t.

..

I’m with Linar, OTEN is running a property investors course. This one definitely has no agendas although you may want to become a real estate agent or valuer afterwards.

the australian property institute publishes their survey for its members – broken down into various sectors. The last one I saw was a few months old.

that & acrylic render.

if you are looking to sub-divide a strata unit, you will need a DA. This will require a new strata plan & all compliance issues to be addressed, as well as getting consent from both body corporate & all of the building owners.

If you want to put up a wall, you’ll need a DA – consent from body corporate.

How do you intend to comply with any…[Read more]

yes, no & maybe. Your unit will become an ip & you will pay tax on any excess over your expenses, it may be advisable to get a depreciation schedule.

If the relocation is temporary, you may be able to claim the costs of relocation & the rent.

what’s the difference between this and any other investment of your windfall until the tax is due? Other than risk?