Recent content by drfuzzy

Thanks Scott, Funding approximately half cash, half borrowings. I estimate rent of around $1500/week per townhouse so that would be $3000/week - a yield of about 4%. Was planning to make LD slightly less than $3000/week - perhaps $2500-$2800 as I worry the higher the figure the higher...

I'm almost ready to put to tender 2 x higher end architect designed townhouses with expected build cost of circa $1.5m+ (total, both townhouses). The architect has offered to run the tendering process and administer the contract at a relatively low cost. The build will not be terribly easy...

I've lived there for 18 years and my parents all their life. If you have specific property examples I may be able to give you some context.

Your question is akin to "who's the best doctor in Australia to treat me?" To answer that I'd need to know your medical history, medications, symptoms, geographic location, furture intentions, financial position etc. I think the structure experts here will need to read your full story to...

Thanks for all the great adivce guys! As expected there were many different ways to handle this. Given the purchase price was only around $170k and the timelines are short, he's bought in his own name. Interesting was deciding on a lender - some of the second tier banks offered the best...

My colleague asked my advice as he has purchased his first property, an investment rental property. The house is in a rural area in Tassie and is relatively low value (under $200k). After a small renovation it will be positively geared with a yield of around 9% gross. The property was hotly...

Building two townhouses and have made some edits to the Architects agreement prior to engaging him. His agreement states: 11. You must indemnify us and keep us indemnified against all costs, liability, losses, and claims incurred by you as a result of our breach under the agreement. I...

Building two townhouses and have made some edits to the Architects agreement prior to engaging him. His agreement states: 11. You must indemnify us and keep us indemnified against all costs, liability, losses, and claims incurred by you as a result of our breach under the agreement. I...

Here is an article discussing plans to widen Punt Road. http://trove.nla.gov.au/ndp/del/article/3873360 It's from 1927 and this still hasn't happened.

I am not an accountant, but have a read of Steele's case http://www.tved.net.au/index.cfm?SimpleDisplay=PaperDisplay.cfm&PaperDisplay=http://www.tved.net.au/PublicPapers/June_1999,_Accountants_Education_Channel___Tax,_Interest_Deductibility___Implications_of_Steele_s_Case.html My...

I have a 125 year old weatherboard home in unlivable condition that cost $1m+. I bought it for land value and plan to demolish. It has nice floor boards, a relatively new gas heater and a newish hot water service. Also has a run down bungalow out the back. Is there any value in a...

If this is true, what percentage does $2.5m put you at? 2%? 5%? 10%?

Vic stamp duty appears to be incorrect

I'm interested into parking some cash into a listed property trust, ideally with a good yield and some potential for capital gain. What are your recommendations? I would like there to be enough liquidity that I can buy and sell within the space of about 12-18 months. I will need the cash for...

The S32 of this 130 year old property is a black and white copy of the title drawn on black pen on a red background. It is pretty much impossible to read the size of the block and measurements that are written are in feet and inches or completely obscured. The section 32/vendor statement...