Matt_Arnold wrote:
Hi ScottOk, so i am not saying that i am a real estate law expert by any stretch… I did however do my certification course in NSW for Real Estate (5 day course) a couple months back.This scenario did come up…   the basic advice given by the teacher was that if the vendor / real estate agent knows of any planned deve…[Read more]

FWIW the site is spitting distance from the station. Directly above the shopping centre (anchor tenant is Woolies), rest of the centre is a dog's breakfast with very high vacancy rate. Site was mooted 2-3 years ago but fell into financial difficulties, developer couldn't even sell his own north shore prestige unit (offered at a 50% discount, now…[Read more]

As you will be employing someone, you will take on all of the liabilities of an employer ie you will need to arrange workers compensation insurance (contact qbe or other provider), obviously super & payg will need to be paid (even a casual has a right to super), you will also need to determine the appropriate award that the person will be engaged…[Read more]

Post-divorce sales are always classed as a 'distressed sale' unless, like in your case you can afford to hold on until the market turns etc.It may be worth your while to discuss your requirements with one or two of the local agents (or the property sales websites like domain/realestate.com.au) to suss out what has been happening in your area over…[Read more]

Sale of the property does not affect the owner's right to the income, there are only provisions for the tenant where they seek to assign the lease to someone else.Your responsibilty will be to provide receipts for each period that you recieve income, so it may be prudent to get yourself a copy of brochures from vcat/fair trading with regards to…[Read more]

up the ante, if they come to the party – great. If not, move on, there will be others.

buying new property tends to depreciate rapidity for 3-5 years as the price includes development markups, so you’re lucky if they all haven’t decreased. Making a capital loss can be offset against other future capital gains, so not all bad.
If you sell marsfield @ a profit, you’ll be paying tax on the adjusted price adding back depreciation…[Read more]

Jac,

You’re looking at excavating about 180-200mm off the surface, so a bobcat & float, say $500, tip fees another $500 for venm.
Sand, 30mm about 0.5 m3 or 0.8t $100
150mm 25 MPa concrete 2.5 m3 allow $750 as it is a small load
F62 mesh, 1 sheet $100
Dowels, wouldn’t bother unless you’re on reactive soil or fill but allow $10 each @ 900mm…[Read more]

A little bit of research goes a long way. I have found sites which were 'clear'. Some additional digging found that there was a proposed rail corridor directly in front of this property, albeit 50 m below ground – so that benign bit of bush at the front of the block may one day be a major railway although far enough below ground not to cause a…[Read more]

So, it is time on the market? Is it the best price for the property? The outlay for marketing? or the best commercial deal?Afterall, unless the agent keeps all of his contacts locked in a drawer in his office and only lets them look at that agent's properties, don't all agents deal with the same buyers (only with different properties)? Don't they…[Read more]

if there was a da submitted, then it was probably on display at council & on their website – so no excuses for you not doing due diligence. You may still be able to lodge an objection with the land & environment court but it depends on the date of approval.

Views are not protected under law.

not good news.

1 change tact & use one agent, what has driven you to 2 agents?

2 does the property lend itself to auction? Ie uniqueness or few on the market?

3 where is the property? Freehold or leasehold?

Tip 2 – don't paint at night when the lights will attract bugs.

also building contracts often contain provisions to allow the principal/architect to open up walls etc where works may be suspect however if works are to standard you are liable for reinstatement costs.

the residential tenancies act provides a degree of protection to tenants which cannot be voided by landlords wanting things their way.

A periodical tenancy is created once the initial lease term has expired ie after 6 or 12 months, the tenant is able to give a couple of weeks notice to vacate and you need to give 2 months.

Generally, a tenant…[Read more]

The security of payments legislation protects builders from unscrupulous developers withholding payment. What you have been told is misguided & may lead to you breaching your contract. SOPL does not apply to single dwellings being built for the principal.

If you are concerned about the quality of construction, discuss it with the builder. If…[Read more]

for other property, you ignore the effect.

No you don’t need a re licence but it would be prudent to do the registration course eg OTEN or Kaplan etc.

Yes, you can have 2 signatures on cheques & also require ‘approval’ for internet payments.

No, you must have xyz Realestate statutory trust account on the re trust cheque account.

the BCA is pretty clear in requiring ceiling heights in habitable rooms to have a minimum height of 2400mm. Provided that the majority of the room exceeds 2400mm (to compensate for the low areas), then the certifier may approve the configuration.

There's the good, the bad & the downright ugly up there – research, talk to locals etc.