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For all solicitors on this forum. I have recently sold my property and solicitors have done council, water and strata searches 1 month before settlement and used these searches for settlement adjustments. This resulted in them not picking up council and strata fees that have been paid by me in...

I agree that for most properties it simply does not make a sense to demolish and build a duplex especially given the current situation in Sydney. However, given the nature of the post I think it would be simply wrong to dismiss the question outright and advice to sit and do nothing. Success in...

QLD is famous for making a lot of investors poor so you are not alone if it makes you feel better. Now to the numbers: You have 245k loan which at 5% interest cost you $12,250 p/a Rental income is 260*52=$13,520 minus 7%+GST management = $12,520 Minus $6k in body corporate etc. which makes your...

Duplex is the easiest of subdivisions you can do, no issues at all in most cases. If you don't want to spend your time on it, then simply hire a town planner who for $5k will do all the leg work. If you want a step by step process then: 1) figure out if duplex will be allowed based on the...

I would not by an OTP apartment in Sydney these days for the following reasons: - OTPs are usually overpriced by 50-100k - There is a lot of stock coming up on the market in the next few years - Apartments do not generally grow up well in value If you want to buy a solid property with good CG...

Please excuse me for being frank but what an ugly design. Vedic or not but a house design should follow a common sense principles - living room needs to face North, bedrooms need to be large, East facing walkway is a waste of space, U-shaped kitchen seems like a bad design. Master bedroom...

I paid $3,200 +GST (supply only) for the Boral party wall to separate two single story dwellings.

Unfortunately the one that I used won't help you. In my experience prices vary greatly for what in essence a simple survey and a few drawings.

If you want people to teach you then offer them to pay for it. For example if you had offered a $10k for developers on this forum to teach you, I am sure you would have found quite a few willing souls. You don't need that much cash to start in the development business - around $200k would get...

Mona Vale is the best. Very hard to find anything of a value though close to the ocean. One day I will buy a house there to live in. From investment point of view probably as good as any other suburbs. Last deal that I though had any remote value in it was block of land for $980k about 600m from...

What do you need an architect for? Any drafty/designer can do it for you for $70 p/h - cheap and efficient.

If you want to make sure that you get the best possible price and everything is included in the quote I would suggest you do the following: - Get quantity surveyor or another builder to do a BOQ (Bill of Quantities). This will give you every single item in your build, price for it, price for...

I have paid $2500 for the plan. Does your quote includes all dealings with the council and other government bodies?

Would you be able to recommend a cheap builder specialising in the Gold Coast area. I am looking at building an investment property with the plan being to get cheap builder to do all the work that I can't do myself like frame, roof, walls etc. and then finishing it off myself (floors, kitchen...

I have done some research last year and was surprised with how low the rents were in Bella Vista and Castle Hill. Property prices are high, but rents are really cheap. I suppose this is a spillover effect from Kellyville. Good for renters, not so good for investors from CF point of view.

It does not look like you will be able to afford a $210k property. At 95% LVR you will need 24k to cover everything plus I assume some money for repairs if any and to pay interest on the loan if property is currently empty. 18K will only buy you a $160k property at the moment. For this amount...

The figures depend on how long out you want to predict. Historical headline inflation rate is around 3% for the last 14 years. In Australia you should get probably 200 points spread over official cash rate, in other words if interest rate is 2% you should be able to get 4%. Long term cash rate...

NPV included full property cycle with all fees and charges on the way in and out. The 50% CGT discount, sellng agent fees etc. all discounted back to today. This was discretionary trust as unit trust works similar to holding a property in your own name unless it has been worded to convert into...

Go to council's web site and use their property explorer, it will show assessed land value. Here is a link for Gold Coast council: http://pdonline.goldcoast.qld.gov.au/masterview/modules/propertymaster/default.aspx?page=home

I recently done a study to figure out whether it makes any sense to build/buy a new property into trust or wife's name and pay no income tax or to hold in my own name. Here are the inputs: Build/buy price (310k) Rent: 370 p/w Agent: 7.7% Water: 200 p/q Council: 260 p/q Insurance: 970 p/a...