also watch that capital gains aren’t split between management & yourself.

likewise, I’ve had baths resprayed both insitu & factory finished but not tiles. Finish has been good but not cheap. As for paint, I handpainted a bath, finish was fine provided you minimise paint runs, fumes are a bit strong though.

If you want an acceptable alternative, try something like Aluclad, prefinished compressed fibro or tile patterned…[Read more]

umina – mt druitt by the sea
erina – good shopping centre
Woy Woy – good rail access to sydney
Wyong – as far north as you would commute, newcastle is closer
Gosford – main cbd

1 don’t go legal yet, they are useless unless used in conjunction with a valuer who is better positioned to give advice on the current situation.

2 if you have not yet been advised in writing by the authority acquiring your property see point 1, you may still be able to submit the da

3 the highest & best use of the property is that for which it…[Read more]

Contact your Conveyancer/solicitor they will give you the full requirements but it will include rhetorical contract of sale, zoning certificate, sewer diagram as a minimum.

Obviously there aren't any. I got quoted $1400 + gst + out of pockets for Sydney yesterday.

Get on the phone – their office, your solicitor, their solicitor etcSend all of the above a fax as well.

Nitro, how hard do you want the agent to work for you?But seriously, yes the rate is generally negotiable (some agents are bound by their franchise agreements as to what they will charge). If it was an easy sale, then 1% may be doable, if it was a difficult one or real low value, then 3.5% or more may be justified.

REITs

You'll probably find that the SMSF rules will greatly restrict your ability to fund development work esp high risk development work unless it formed a very small proportion of the funds under management ie did not elevate the overall risk of the portfolio.

From what I have gleamed from a few locals – low socio-economic base. Poor cousin to suburbs of Albury/Wodonga (think Mt Druitt/Claymore).

It does make for interesting reading. From a technical aspect (from memory but I could be mistaken), any glazed pane in a door or adjacent to a door which exceeds 1m2 is required under current building regs to be safety glass. So would a prudent landlord replace every old glazed door or sidelight without cause or only replace them when they need a…[Read more]

depending upon where in Ashfield but try Harris Tripp, Greer & Greer or one of the Haberfield agencies.

termite spray = maintenance
Installation of termite barriers eg reticulation system, graniteguard, ant caps etc = capital works

(& yes).

you’d want both to exceed your risk + interest rate etc (discount factor) – this may be higher or lower than 20% depending on your circumstances.

What you’re after is some consistency between your 2 methods.

Everyone's definition of heart of town varies – is there the likelihood of rezoning to townhouses/units/commercial etc? You are faced with possible demo of the older property or risking overcapitalisation if you do too much work to it if there are plans before council to rezone. So speaking with the council's town planners may be a good start to…[Read more]

are you maintaining the termite habitat or repairing the damage.

Irr is time dependent. Make sure that your interest rates are consistent ie annualised rate or monthly rate etc.

Alternatively plug your cashflow numbers into excel & run a dcf & irr.

it depends on your budget. A standard design & volume builder is generally cheaper than a custom build.

I don’t quite get your question. The property is an investment, rent is your income & running costs, interest, depreciation etc are deductibles.