Recent content by acer

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    47 ANZ Banks for sale

    Attached file has NSW results......
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    Subprime - Commercial??

    The papers have detailed plenty of bad news regarding commercial property and refinancing. Seems that the lending issues are now also a consideration for commercial property. Anyone tried to refinance or roll over a commercial loan recently? Any difficulty with this or any advice generally...
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    Jumping in the deep end

    One last point relating to CPI / set increases......if set increases apply and inflation exceeds your stated figure, your actualluy behind. To overcome this terms such as "greater of CPI or 5%" maybe used. Also set increases such as this are stated in the lease, eg CPI/5% each year to yr 5...
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    Jumping in the deep end

    The purpose of a ratchet clause is to ensure rents do not decrease at each rental review period. This may occur when rent reviews are directly linked to CPI, or based on open market rent at that time. The general assumption is that rents / CPI will increase each year, but a rent reduction would...
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    rules of negotiation

    In NSW there is no need for formal written offers, verbal are accepted and (should be) passed on. I prefer to email the agent......this way there is (dated) evidence of your offer. This should ensure you are in the picture as any agent that does not give all genuinely interested buyers a last...
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    Jumping in the deep end

    No doubt solicitor should oversee........but generally the terms such as CPI or set % increases, bonds etc are agreed to by the parties first. Solicitors ensure terms are legally binding in preparing the lease. From past experience asking a solicitor for such advice on such matters will cost $$...
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    Jumping in the deep end

    The return is critical to the end value of your building. A good way to asssess this is to gross up the net rerurn, ie if your building will lease at 100,000, to an investor (who wants/expects a 10% return) the value of the investment is 1,000,000.00. This is rough guide but gives you close to...
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    EOI purxhase - need some advice

    Have to agree with Dazzling, price is the determining factor - so if it falls short....... Have participated in 3 EOI and refuse to play again. Found the process questionable. You disclose your position, whilst the seller sits back and can at any time can change theirs, to the point of...
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    Un-leveraged Residential Property - A DUD Investment?

    Its been quoted many times that one of the major benefits of investing in real estate is the leverage. Without the additional borrowed money the returns would greatly diminished and many wouldnt get a start. If your the type who is constantly chasing the highest return, then yes RE returns...
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    Did I read this yeild correctly - 13%

    Seems well above market. The rate per sq mtre would equate to $300 which for industrial is well above. This maybe be a marketing gimmick where the asking rent is set at unrealistic level........to attract a sale. A major part of commercial investment is the lease, so without one in place you...
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    Neighbour is Stealing Water

    If you suspect the neighbour is avoiding you and a little weird, run on your gut feeling. I would avoid contact and simply remove the tap. If the strange actions continue next step would be the f-o-r s-a-l-e sign. I wouldn't want to live next door to anyone who hides in a bush AH and steals...
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    Unit trusts - unfairly taxed?

    Story in todays paper, stating unit trusts are unfairly taxed. Anyone able to further explain why this maybe the case? http://www.news.com.au/dailytelegraph/story/0,22049,22775375-5006010,00.html A tax on savings Article from: The Sunday Telegraph By Nick Gardner November 18...
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    How/Why would a loan be recalled by a lender during bad times?

    If a lender ran into trouble, ie could not raise funds to pay obligations (eg depositors wanting funds or unable to refinance their borrowings) then they may be forced to recall loans. This would be a serious situation and would be the last call. The system is based on confidence, which would...
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    interesting question

    Hi Grossreal, "because you are seen as the manager of the loan for them. and in that regard you should make sure that the loan is viable" You maybe missing the mark here as the brokers role is the go between for lender and borower. Not their job to assess commercial viability of a...
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    Peter Spanns Top 10 Suburbs

    .....silly me, I thought if he had purchased a few 2-3m commercial properties they may have demanded their own slice of the % cake
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