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An interesting take on the housing 'shortage' http://www.crikey.com.au/2010/10/12/housing-shortage-dont-dwell-on-it-there-isnt-one/ I think the argument is reasonable one. The rental market is the only part of our property market that isn't distorted by varying credit conditions. You can't...

I had a rental application approved for a property I wish to rent. Now it's a long story but basically between the approval and the signing of the lease there was about a 2 week period during which I had to connect phone/adsl/electricity. This was done with full knowledge and agreement of the...

Went to visit a mate yesterday who I haven't seen for a few months. Turns out in the meantime he's built an entire granny flat which he wanted to show off to me. It's all very nicely done and after the usual investor talk about value adding etc I was naturally interested in the permitting...

Hi Everyone, I have a block of land listed as an open listing with one agent (agent A) at 79k. Yesterday I got an offer of 77k on very good terms. I'm expecting the contract in hand today or Monday. I've been approached unsolicited by another agent (Agent B) wanting to list my block...

Can anyone give me a ballpark figure for the cost of garage doors for a double LUG?

Hi, This sort of fits in the finance as well as the legal forums so I'm posting here. Scenario: I have a trust with a pty ltd trustee. I am sole director and share holder. Trust owns 50% (tenants in common) of a property with a natural person as the other owner. We both garuntee...

Quick question... when can the agent bank the deposit cheque? As soon as it's given or not until the offer is countersigned/accepted? Curious because I put a cheque with my offer and I've been told it will be banked today but the offer hasn't been accepted yet??? How long does it normally...

Went to put an offer on a property today. After three months on the market with barely a nibble I arrive at the designated time at agents office where it's casually mentioned that there's three other offers going in at the same time as mine. Well I had expected a phantom buyer to be brought...

Hi All, I'm looking at putting an offer on a PPOR in Brisbane, reno and sell again in 18 months time. It's one of those 80's style rectangluar box houses, brick on the bottom, timber framed with campherboard on the top level. Asking 320. It's grubby inside and with a decent scrub/repaint...

Trying to resolve a debate with my partner in crime regarding the prerequisites for financing a 9 unit development. I understand from previous posts by JoannaK that DSR is not a consideration and that you will typically need to provide 20% equity/cash of the total land + build costs. Also...

Hi there forumites, I'm looking at a PPOR which has renovation potential. Purchasing at about 300k and I think without spending too much money I can get it up to 320-330k. Unfortuantely I'm a bit limited on deposit funds at the moment due to another project so I'd have to borrow at 95%...

Is there anywhere on the net where I can read about specific criteria that LMIers use to assess applications? I could ask specific questions till the cows come home (and probably get good responses to all of them) but I'm kind of shooting in the dark figuring out what to ask. Be much easier...

This is sort of a tax and a legal question so I'm putting it in the general forum. I'm doing a unit development with a partner. We are tenants in common on the block. My interest is held in a discretionary trust, his is in his own name (though he may sell to trust before we build). We...

Woke up this morning with a copy of Trust Magic on the bed next me... Santa must have been running late ;) I think under the section about HDTs it's suggesting that once the negative gearing benefit is no longer needed you basically buy back the units by refinancing the loan in the trusts...

I took a fairly simplistic view of this until my accountant raised the red flag. Here's the scenario: I have purchased a block of land for a unit development. For simplicities sake lets say the land cost is $250k, development cost is $750k and expected final value of 10 units is $2 million...

Can anyone recomend a solicitor in Brisbane that has a good knowledge of both trust structures (as applicable to IP) and unit development? Around the ashgrove/herston area would be ideal but anywhere really... easy to find a thousand names in the phone book but no idea what they specialise...

Just wondering how repayments are set? Say I have an LOC with 100k available to me but I haven't drawn any of it down yet. I assume my repayments are calculated based on the current balance of the loan over the term of the loan. Now if I draw down 50k from the LOC do the monthly repayments...

Hi, I'm just about to say yes to a deal with a friend where I will purchase a 50% share in a property that he already owns. It's an IP. This is a scenario I've not considered until now so I was wondering how it works from the bank's point of view? Do they take a second mortgage on the...

I have an opportunity to purchase 2 adjacent blocks in townsville that would be ideal for a unit development. Either one on their own would represent a good opportunity. Now I'm wondering if there's any tangible benefit to doing this as a single development. It doesn't appear that I could...

Been scouting around quite a few properties in Brisbane of late and it's occured to me that 405 and 809 m^2 are very common block sizes. What's with that? I'm guessing 405 is the smallest allowable block size in certain parts of brisbane. if that's the case then 809 being one m^2 shy of...