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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...

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...

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...

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...

Purchased a development site at a mortgagee auction that came with plans and permits. From my further enquiries I discovered there was money outstanding on work done to date. If I construct the design am I required to pay? The architect is owed about $40k. The engineer is owed about $15k...

I have a rooftop apartment in a strata complex with very high levies ($8000/year for a 1 bedder). I do have a very nice rooftop deck with views. Today I learn that in an effort to generate some income the body corp committee has agreed to attach a large electonic sign on the roof line that...

My Dad has 10 holiday apartments owned in a bare trust within his superannuation (pension phase). The apartments are in Victoria (regional). He has been paying land tax for the past 1-2 years. His accountant now tells him that he shouldn't be paying land tax. Is this correct? Is there a way...

The problem involves a development site and a delicate situation with a neighbor: Purchased an old inner city house in Melbourne with plans and permits for 2 townhouses The permits were approved after VCAT by the previous owner as the western neighbour is unhappy about the development...

I don't do things by halves and my first property investment is proving to be a big project and would be interested in some opinions. Blue-chip inner Metro location House with land (demolishion job): $1.5m inc costs Plans and permits for 2 high end architect townhouses Build quote just...

My question relates to the tax treatment of this proposed arrangement. The facts: - I am a fulltime employee not in the building industry - I have no building or development experience - I intend to buy a blue-chip property with an old house for just over $1m inc costs in my personal name...

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Single, mid 30's, no dependants but aging parents PPOR $850k full equity (offset account $500k cash, mortgage $500k) Cash/shares $1,200,000 Salary: $180K/year Bayside Melbourne based Would like some asset protection in case of profession or future spouse problems. Willing to take some risks and...

My question is, would a relative property newbie be better off buying locally where they can keep a close eye on their investment (in my case I live in St Kilda, Melbourne) or interstate where he/she believes there may be better prospects (ie Sydney or Brisbane)? My strategy would be to buy...