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I will seek legal advice but that doesn't preclude from further discussion here. If someone is legally obliged to pay land tax then that's the end of it in my view. Why would anyone in their right mind agree to reimburse a developer for his obligation to pay land tax. The developer owns the...

The contract clause just before this one says if Land Tax is unpaid at the settlement date then the seller must pay it. The next clause then says it should be apportioned among the Lots at settlement. The apportioning clause is the one I have a problem with. The QLD Land Tax Act states that a...

It's my understanding that in QLD Land Tax is assessed at midnight on June 30 each year. Let's say these OTP contracts all settled on August 31. Land Tax for the current year (the year of settlement) has already been assessed, at midnight on preceding June 30. At midnight preceding June 30 none...

Is it standard practise to have it removed and is that likely to succeed, or do most people not care or know about it and just suffer the shock at settlement. This will by my PPOR by the way and at the time of settlement the only property I will own so it seems rather unfair that land tax...

Considering buying OTP apartment in QLD. The contract says that any land tax unpaid at settlement must be paid by the seller. To me, that should be the end of it, land tax will be paid by the seller at settlement, and after settlement I will own a lot that will only have a very small proportion...

Well, maybe it's a valid valuation and maybe it isn't. A fluke that the valuation came in exactly at the developer's listed price? This is a multi-story building and the developer's listed prices go up about $15k (on average, it varies) per floor for what is essentially the same apartment, just...

Well, looks like I chose a rubber stamper. The valuation came in exactly at the developer's list price, surprise, surprise. Not that I thought I would get an independent valuation I guess. I mean, who's going to have the courage to come in with a value $50+k under a major developer's list price...

I don't know if it's actually overpriced, I think it is but I don't know for sure, which is why I want to get a valuation. Back to one of my original questions. With OTP valuations is it reasonable to expect that the valuer will not take into account any OTP sales already made by the...

Ofcourse I only want to know what today's price is. My initial post was to ask if valuers will value OTP. From the responses it sounds like they do. Can anyone recommend a valuer in Brisbane who will value OTP, at today's price ofcourse. Run for the hills because it's OTP? I'm aware of all the...

Settlement is end 2014. The only reason I want a valuation today is so that I know I'm paying ballpark fair market price. I have told the developer I think the property is worth this much, the developer reckons it's worth quite a lot more (the difference is not insignificant). If I can get my...

I'm interested in purchasing a 3 bed apartment OTP in Brisbane as PPOR. I do like the development but think the asking prices are way over the top, I'd say by at least $50k and possibly up to $100K. Will a valuer value OTP? The developer has offered to pay for a valuation but indicated that...