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Hi I purchased an old apartment a few years ago which (like all units in the block) had structural damage to the balconies. Before I bought it the body corp had already raised about $20,000 from each apartment owner to repair the balconies , & the price negotiations allowed for this. The...

I was browsing through McGrath’s new book today. In the investing section it has lists of his tips for hot growth suburbs in the main cities. I was surprised to see Botany/Mascot at the top of the list for Sydney. I guess it would be good for rentals as there are a lot of jobs nearby...

Does anyone know what the situation is, regarding deductibility of interest, where an investment property is owned by the husband, but the loan used to purchase the property is in the names of both the husband & wife ? A friend is in this position, & his accountant set up a subsidiary loan...

Hi. This has probably been covered before but I couldn’t find anything when searching. My understanding is that interest on funds borrowed in Australia to buy an overseas investment property can only be claimed up to the amount of the foreign net income from the property. And the...

I believe that eventually the brilliant (ha ha) economists at NSW Treasury will work out that the vendor duty reduces the amount of revenue the government collects by reducing the number of sales (and hence stamp duty). And after considerable red tape & political maneuvreing it will be...

Hi I want to measure the area of a off the plan unit to check it matches the area listed in the purchase contract. However when I’m measuring I’m not sure if internal walls should be included in this area ? Or is it the actual floor area that I should be measuring ie internal walls...

Does any have an opinion on the following: My understanding of the tax legislation is that if an off the plan purchase contract is entered into with the intention of selling the property upon completion at a profit, then the profit upon sale is taxed as normal taxable income rather than as a...

Would anyone know the answer to the following: In a NSW off the plan purchase, if the purchase does not eventuate (eg because the development isn’t completed within the time limit for the contract), will the Office of State Revenue refund the stamp duty that has been paid on the purchase ...

Hi Anyone have any idea on the following: I have signed a standard agreement with a property manager which requires 1 months notice to terminate. The property manager has not yet found a tenant. Do I still have to give a months notice, or can I terminate him immediately as...

Hi All Would anyone have an answer to the following: In NSW, if you’re listing an off the plan purchase for resale (before its finished & settled) do you have to have a contract of sale prepared ? A friend listed his & his agent said he didn’t have to. But an agent I asked said you...

A major expansion of the Port Botany container facility is being considered. Any thoughts on how this would affect real estate prices in the nearby suburbs like Botany, Mascot, Matraville etc ?

I read recently that the brewery site on Broadway will be sold off for residential/commercial development, & that Council will be tarting up the Broadway area in general. I'd say this would make Chippendale & Surry Hills terraces very attractive propects for long term gains. Any views ?

Hi All I was wondering what people's thoughts were on when, in general, is the best time to sell an off the plan unit (if at all). Please ignore the current situation where there is a possibility of an upcoming over supply of units. Lets assume we are in a slow growth phase, & a...