Recent content by evguenii

I see where you are going with it. Wouldn't it be easier for the SMSF to simply lend $500k to the DT at the commercial interest rate? The DT will then use the funds as deposit plus borrow another $500k from the bank to purchase the property. The bank will have no recourse against the SMSF as...

I'm not an expert in financing so the usual disclaimers apply. what you are describing sounds to me like a typical situation with co-borrowers. I'll assume that each of your DT has a separate corporate trustee, so for argument sake you have this structure: Company A trustee for DT A...

thanks for your responses guys, I'll have a further discussion with the bank once we get the planning permit approved. Also asked one of the banks today whether they would finance a development if we intend to keep all of the townhouses and let them out. He said they may consider it but they...

I'll definitely try doing same thing as well although it might be a bit more difficult as we are planning to build 6 townhouses. Which bank are you going with if you don't mind my asking?

Hi all, We are planning to build a few townhouses on a block and are starting to look for finance for this project. A few of the banks we've approached have indicated that they will want pre-sales before they will lend us the money. If we can't raise the money for this project we'll just...

I think a double garage will cost around $12k - you may want to give these guys a call and confirm: http://www.solcrete.com.au

it's pretty much everything: excavation, floor, walls, waterproofing etc. Extra costs would be plumbing (they usually put a pump in to get rid of the water), garage door and the house slab would obviously cost more depending on how it's designed (i.e. suspended slab). I was told of two actual...

thank you all for your replies. I did some ringing around and it looks like the cost is around $200/m2 (obviously depends on a lot of factors like the type of soil etc). The slab will also be more expensive. Still, for some projects getting a basement carpark may mean being able to fit...

interestingly I see quite a few of the new developments in the area building underground garages, i.e. these two: http://www.realestate.com.au/cgi-bin/rsearch?id=105963835&a=qfp&cu=fn-rea&t=res http://www.realestate.com.au/cgi-bin/rsearch?id=105695936&a=qfp&cu=fn-rea&t=res I wonder if the...

that's right, the house isn't built yet. I'm planning to build a couple of units on the site and just thinking of a few options for how to maximise the use of space

the location is Caulfield in Victoria, the block is level. I'm not sure about the type of soil

Hi all, does anyone know how much it would cost (per sq m) to build an underground garage for a new house? thank you

If you owned your IPs prior to 1 July 2000 then you are not eligible, however if all your IPs were bought after that date and you haven't lived in any of them then you will get the grant.

thank you everyone for your opinions and advice, it certainly does help. it's not that I am not confident, I just want to be personally comfortable that the right advertising is used for my target market. And since my target market are young single professionals (I'm basing this on the type of...

but does it have to have the contact details of the agent (the person) or the agency (the company)? i.e. can I say "contact Tom Brown on 040404040" or does the ad have to say "contact Tom Brown 0404040, XYZ Real Estate, Main St, Some City"?