sorry but my crystal ball is cracked atm. Past growth is no indication of future potential of these areas. Just be a bit wary of any price corrections which are overdue in Perth.

also note that the property may be company titled making lending more difficult.

There may be outstanding fire upgrading required, can be costly.

By allowing the same agent to sell your house as the one you have purchased, you are giving the agent more power over you in the sale – ie they can put more pressure on you to accept a lower price so that they not only close your sale but prevent the other one falling over so that they collect both lots of commission.

Generally a vendor will not…[Read more]

are you buying on the Moree Plains? Or floodprone land? Lane does not ‘sink’.

Are you referring to the footings having failed? There would be cracks in the house to indicate this type of fault.

If the problem is with next door, you have no right to investigate what is happening on the other side of the fence.

You will need to contact RP Data for a subscription.

you may need the lawyers sooner rather than later. You’ll need to get you trust etc before you sign the sale agreement. Get your solicitor to go over it as well.

pm me doogs.

Intrigue, you say $205k a bargain! Not if it was a transfer between related parties eg division of assets or divorce etc. A little information is a dangerous thing, too little information is even more so.

the option does not give rise to any rights until the purchaser has exercised the option.

You are still the owner, you have to sign any DA (in return for the option fee) , you can still rent out or use the property until settlement if they exercise. If not you have picked up a fee for the right to buy. The beneficiary of the option cannot remove…[Read more]

Water front in Rivo is always good Nathan. As for storage, it will probably set you back just as much again to put up a chainwire fence around the site.

Banks aren't lending on commercial (generally) so it is going to be tough.

Where abouts?

You've got 2 options – review your budget to what the market is saying (yes agents do work for the owners so are going to push you away with ridiculously low offers) or get serious. Find a property which IS overpriced at $300k, has been on the market for a while, you have sussed out weeks ago (and has failed at auction/had better offers  or yours…[Read more]

considering that the land is zoned non-urban, the parcel will probably smaller than a developable size in any future zoning, possibly located on a 1:25 floodplain & cost $270k/ha, is it really a bargain?

What are the alternative uses for the site? Does it have direct street access?

generally there are no penalties against the vendor for late settlement. It is the vendor’s contract not yours.

Gotta love it when someone is more concerned about money from the government than the asset from a relo.

sydney is a big place. Any clue as to which area, some building companies stick to a particular region.

likewise, you have to address the same issues for sites sharing a common wall.

danviv1 wrote:
…they don’t deserve their commission at all!

Hold tight on your price afterall it is on your agreement. If marketing is paid by the agent, you have no control over it, so you may have to trust the agent’s judgement on both the price advertised and their strategy. If they advertise it for less, they can’t negotiate the price…[Read more]

Unless the rent is absolutely vital you may be best served by gaining vacant possession, removing the asbestos, doing the refurbishment & getting new tenants at the higher rent.