Alternatively, you might buy the properties under two different entities. Again, seek legal/financial advice.

Then the nation would be both fiscally and morally bankrupt.

We're going to have a bigger Australia by 2050 regardless of what Jools or the Mad Monk say, it is not Kevin's big nation it was the Aus Bureau of Stats which came up with the numbers (they may know a little, not much granted).As a nation, there needs to be planning for this capacity – in the 1960's & 70's the govt of the day did some planning on…[Read more]

UCV is only used for the determination of rates & land tax. Where possible, object to the triennial valuations with a value’s support.

UCV is only used for the determination of rates & land tax. Where possible, object to the triennial valuations with a value’s support.

what shade of grey? Replacing the liner or the filter or cover etc is r&m, replacing the pool is capital.

Contractually you are bound to pay the purchase price regardless of the ballsup by the solicitors. It also can have repercussions on your solicitor as they didn't check the contract of sale either when it came down to the deposit paid.

If all else fails ie proof beyond doubt, visit the Office of State revenue website in the particular state (or speak to a conveyancer in the state just to sound them out).

Arrange for a 'slip test' to be carried out on the tiles (councils require these for commercial uses and can give you a few names). If the tiles meet the required standard then not a problem (for you). Mind you, I am not aware of any standard which relates to residential however you could check this with the council at the same time.The tiles are…[Read more]

Does the landlord own or have any interest in the dog? No.
Has the landlord consented to the dog being kept on the premises? Yes
Can the landlord put any conditions on the tenant when approving the dog eg insurance/indemnity? Yes.
Is it a dog which is deemed to be dangerous, eg pit bull/Staffy etc?

This can be part of your negotiation with…[Read more]

Jimbo, a bit hard to send you a PM you're not accepting mail

limbo, you will find that very few, if any commercial agents are open on weekends. You will need to make arrangements during the week esp if premises are occupied.

I’d suggest that JLL, colliers, Knight Frank & Hookers commercial or the web would be a good place to start

Mike, every investor/spruiker/speculator uses different criteria to determine what is a ‘good deal’. Ie unsophisticated investors may use gross returns which may be quick but wildly inaccurate when trying to compare 2 assets or asset classes.

Net returns assuming 100% borrowings etc in pre-tax $, exclusive of gst or other tax treatments, are a…[Read more]

Budget Pest Inspections/Building Reports aren't worth the paper that they are written on ie they don't care if they miss the termite infestation or that bit of rising damp, leaking shower etc which has been painted over – sue them as they have no assets to claim against.Contact David Hall Building Appraisals in Lane Cove – Member of MBA, expert…[Read more]

Firstly who paid for the modifications?The cost of reinstatement probably cannot be taken from the bond as you gave consent for the modifications but there is no recripocal provision for remediation.Are they such that the house is not lettable if they are not removed? Would the property appeal to an older person (or a skateboarding crew) who may…[Read more]

If you want to have peace of mind for your parents, consider registering a caveat (in their favour). This will prevent you borrowing against the property without their consent (reducing their access to the property) but also affording you some protection by having a prior claim over the property as well.

Anne,the dreaded & St Marys are both a part of Sydney. As such, they will not be left behind, although there may be some lag. High numbers of lower demographic incomes but still plenty of demand for home ownership.Remember that it will be necessary to build to the market ie do not over spec the houses .

this situation would be a PITA. That is, you all will own an indistinguishable portion of the entire block regardless of any agreement ie how would you value or prove ownership of a particular lot if there was ever a dispute or marriage breakdown?

generally, the mean is the average ie total value of sales/number of properties sold (otherwise known as the arithmetic mean, there is also a geometric mean). The median is more of a statistician’s average ie if all of the sales were listed in order of value then the list divided in two and the middle number (sale) being the median. Both methods…[Read more]

Just as you would when you are developing a site and getting up your presales, discuss with your solicitor getting an agreement to purchase and sales contract counterpart for the buyer. The one condition to consider is the whole deal falls over if you don't get the DA otherwise it is a solid agreement.