Recent content by marsmac

Hi All, I'm looking at a possible subdivision of this piece of land 970 sqm with 18m frontage. Is is possible to keep both houses and submit a request to subdivide? There are some obvious problems.. The front house will need to be moved forward using a removal company. There is a...

Hi All, Just wanted to check something my Solicitor has said to me which I think is incorrect. I have a 6 month option to purchase a property in Western Sydney. Once I have a DA approval on it, to build 10 units, I will on sell the option to a developer/builder. In this situation, I...

Thanks for all your responses. Been very helpful. I have been trying Adelaide Bank for a residential loan but seem to be getting stuck. ADB have an issue with the number of parking spaces and each unit needs to have it's own internal laundry. Anyway, I'll keep trying until there are no...

Hi All, I'm looking at a block of 9 older style units in regional NSW. Good cashcow property but the problem is finance. I suspect I'll need a commercial loan for this one. Has anyone had any experience with this and who can help? Thanks, Martin

Hi everyone, I?m looking at buying a property in NSW with a 3 bedroom house as well as a studio granny flat. The studio granny flat is the old garage converted into a granny flat. If this studio granny flat is council approved, does it add much to the valuation of the property in your...

Well, I'm trying to work out when I can stop work but at the same time I still want to be able to purchase property. (i.e I need servicibility with the banks). :D

Hi All, Just wondering, I earn $40,000 from my part time PAYG job but I want to replace my income quick smart but am not sure what impact this will have on future purchases and bank serviceability. Say I purchased a property for example $500,000 and rent is $100,000 p.a and expenses are...

Hi All, I am in the process of exchanging contracts on an investment property in the Wollongong area. :cool: It is a modest 3 bedroom clad home in need of a full reno (kitchen, floors, paint, bathroom etc). Does anyone have a good contact for a project manager/renovator/builder in the...

Hi All, I have been approached by a developer to purchase my property in the Holroyd council (near Parramatta council) in NSW. The property is zoned for residential units and commercial shops. He has been pretty eager to get a deal done but I'm not sure. Now, he is making all sorts of...

Hi everyone, I have recently purchased my first renovation property in Wagga after looking for 4 months. ;) It's a 3 b/r, 1 bath, 1 car house at this stage. It's possible (according to the architect) to convert this to a 4 b/r, 2 bath, 2 car house. There is structural work involved but...