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That makes sense. Thank you. Much appreciated.

No reports...Looked like a small corner on the city plan maps...

I am currently considering a property with overland flow, affecting a small corner (5-8%) of total land area. Does not involve current building footprint... How likely is this going to affect any future developments (given that its only a small corner, which may not be affect the development...

Thanks Darryl.

I am thinking of purchasing the next IP in Qld in a trust. However, the UCV on the properties we are considering is approx $500K, which is above the threshold. Can I buy the IP in two different family trusts, using two different company trustees (but same directors), and pay no land tax?

Agree ... In fact almost bought a 2 br unit in Southbank a few years ago, but ended with a house Windsor ...

Thanks Marg.. Banks happy with 80-90% as long as less than four-five units. Looking in 500-1000k bracket. A few in lower end but not brick ... Solid brick seem more exxy.. Not sure if much advantage...

I am considering buying a small block of units (3-4 units) in Brisbane or maybe GC, for next IP. Interested in going down this path, as the rental yields appear higher than just buying a house, and to diversify from just having houses as IP. This would be my first unit block purchase. Any...

We had a roof leak in IP end of last year. Insurance assessed and said they'd cover providing leak is fixed. We got Company A to quote to repair leak, sent to insurance, who were happy. We paid for fixing the leak and insurance paid Company B to have the internal damage repaired. Recently, 2...

Just purchased an IP. The agent calls today and says the previous owner has been paying a gardener to maintain the lawns... Apparently he bought the house from him. Anyway he ask if I would continue? I was wondering if anyone else pays for gardening of their IP? I certainly don't for...

Good work Michael. Thanks for sharing and please do keep us informed and share your experiences. I am currently in the process of purchasing a site (a house with dev potential) and hope to go down the same path in a few years time...

Thanks for the responses Thorpey & Wylie. The reason we wanted to also remove the BBQ is that theres a big crack to it and its now leaning , looking like it would take little to topple over. The bld inspector actually suggested immediate fix or removal. Any guesses what this may costs...

Hi there We are in the process of purchasing a IP. The bld isnp raised a few issues, including the concrete retaining wall that is cracked and a section that is wobbly. I am trying to get an estimate of the cost to make safe and repair. I have attached the photos. I know this would only...

Thanks for the figures and info in BNE BKR and Sailesh. Looks like some vendors have priced their property postsubdiv (prob not realising the cost), like in your area RumpledElf... No wonder some "bargains" are still on the market!

BKR Wow, didn't realise its so costly to subdivide. I have been looking around for a similar project in BNE. Is this on a subdividable block on 2 lots (ie 809m2 one title)? Would the cost be the same for a block on 2 titles? Thanks.:rolleyes: MiQu

Had two applications for my IP today. Didn't really want pets, as its an executive type home with nice polished timber floors. 1. Older couple with 2 schnauzers. Great references. Highly recommended by PM. 2. 4 young ladies to share. No pets. Decided to take PM's advice, and go with 1. She...

Just wondering, does PDS Live or RD Data have the UCV info on the properties?

I've been thinking about getting a block of units too. In fact I saw the one at Zillmere a month ago, but wasn't ready and have never owned a block of units or duplexes before. But the yields are looking good... Just wondering if it's any different to owning a house/unit? Any tax...

Mine was full doc too, but the rate was increased to 9.32%, about 3-4 weeks ago. Have since swaped. I wonder if they have decreased the rate given the large exodus...?

We were refering to recovery of LMI paid at the start of the Mac loan (LVR>80%). In your case, I suspect you didn't have to pay LMI. If this is correct, then "LMI recovery fee" in your case is part of the break-up fee, which is in the loan contract. Supposedly Mac paid LMI on your behalf (if...