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Yep there's definitely going to be hurdles but I have heard of ithervpeople doing it. It is a pitched roof so there should be room. I'm thinking I would have to buy it and offer to undertake all maintenance etc however I don't know if it has a real value to anyone but me so it can't be worth...

We own a top floor strata unit in a block of 11. It is a 2003 built 2 level complex. I'm planning in approaching the body corporate to acquire the roof space above our unit and was wondering if anyone has done this in the past and whether you have any tips on how to go about it. It's...

Agreed! Cheers

Yeah - have said that so we'll see. Cheers

Hi - I have a unit in Balmoral, Brisbane that is being vacated in mid June. It is in a neat complex of about 11 and comprises 2bed, 2bath and 2 side by side garage. The tenant was paying 375pw however I think it should be closer to $400. Property manager seems to think 385 is closer to the mark...

Looks interesting on the face of it however it is a relatively short term lease and Suncorp are moving out. It will be a pig of a thing to re-lease.

yes...yes it is.

Check this out - 2.99% as well. I think it is through Mac too http://www.opportune.net.au/about_news.asp?id=43

Everything is filed on the computer. Contract scanned and saved, monthly and annual pm statements, leases, rates notices; everything. Mortgage docs are the only thing I have as hard copies although pre-approvals etc are also on computer. ;)

There would have to be a lot of upgrades to get an extra 75k!! Plus as you say, there would be the stamp duty saving by buying the land first. Good luck with whichever you choose!

Player is right - if property is sold as a sale and leaseback, you generally don't get the going concern exemption on GST. (However this can be overcome). The property has to be utilised in the business of deriving an income which means it has to be leased to third parties who are paying rent...

Thanks for the tip on the accountant. Will definitely try them. I thought finance would be a little more difficult in a trust however it sounds like it could be a major hurdle. Do you know if interest rates are the same or they charge a premium? I'm thinking maybe just doing the first thing...

A mate and I are looking to do something on the side of work. We both have solid jobs plus our own personal interests (PPR / investment properties / investments etc) which we need to keep separate. We are planning on doing development plus passive investing primarily in property. I’ve been...

5 weeks rent is absurd!! Where's the effort / risk for them to try and charge that sort of figure.

PM sent!!!

I'm with eternit - if anyone is building some units where I could pick up a 7.5% yield let me know!!

Can I ask the reasoning behind the shortlist of suburbs? Oatley is a long way / very different demographic to Cherrybrook / Beecroft areas.

BTW, we got out of Wizard because they do not offer an offset option.

You can 'dunk' it then ask Wizard to re-amortise your loan. It may cost a couple of hundred dollars however it will reduce your monthly payments i.e original loan of $300k over 30 years, you pay lump sum of 50k and get it re-amortized so your repayments are based on 250k over 30 years.

Hi there, Generally, a sale and leaseback will be undertaken to provide liquidity to the vendor / new tenant. I would be concerned as to why they are so focused on the price and more flexible on lease terms. Are they really a 'blue chip' tenant and if so, will they be providing a significant...