Tuesday, 26 April 2011

This could be the buy of your life, no bath no bedroom no kitchen

This could be the buy of your life

















Sydney is not getting any smaller and for a small outlay , you could find a deal to support a positive gear cashflow in future. sure today they are not always positive but soon they will be.

Yes Sydney could build more carparks, but never enough. The city has been threatening that it closes all city streets and no cars enter the city. 1 thing remains a car spot will always be rented , because people love to park close , know that they have a spot and have a stress less day .

They don't care how much it costs it is a way of (not life) BUT BUSINESS. IT is an expense that simple gets paid.

So below is a website shows spots available. Its worth doing your own research and seeing if an opportunity, might very well be present. 

parking cost
http://www.findacarpark.com.au/parking-in-sydney.cfm




































Here is a site selling car spots
http://www.findacarpark.com.au/parking-for-sale-australia.cfm














Here is another  add now the spot is $79,000 but look at the sale and rental of unit below
The unit rents for $700 a week. You could buy the unit and the extra car space and get $800 a week for unit and 2 car spaces instead of 1.
It is a 2 bedroom unit and if it is 2 professionals, or just 2 people that drive cars this rental would be sought after and could attract more buyers with the unseen before, 2 car spots.
Here is a tip try searching in Surry hills for units with 2 car spots.



300 Riley ST , Surry Hills NSW 2010


. Here is a tip try searching in Surry hills for units with 2 car spots.
None Available. It could just be a way to sell your property higher then others.
I think if this strategy worked out that potential in this arrangement could increase
the investment, then I would look at cheaper ways to get a car spot.

Instead of buying the $79000 car spot ,
I would mail drop all units offering $40000 for a car spot to buy,
just before Christmas!!!!
and someone will see a possible holiday or
present for themselves with the car spot sold for half that price .













Monday, 25 April 2011

Miners pay $90,000 in rent in Queensland towns

Make sure you click on link half way down this page for a PDF report.

ref http://milieu-at-middlemount.com.au/AnnouncementRetrieve.aspx?ID=49103

Six of State's 10 top-earning postcodes home to cashed up coal miners

07-Apr-2011

Richest postcodes

The 10 wealthiest Queensland areas by postcode, based on taxable income in 2008-2009:

4007
Ascot, Hamilton - $103,526
4709
Tieri - $90,515
4069
Brookfield, Chapel Hill, Fig Tree Pocket, Kenmore, Pinjarra Hills, Pullenvale - $89,635
4743
Glenden, Suttor - $89,064
4746
May Downs, Middlemount - $85,002
4745
Dysart - $84,477
4065
Bardon - $83,274
4744
Moranbah - $82,629
4171
Balmoral, Bulimba, Hawthorne - $81,883
4714
Blackwater - $80,326

But the great divide between rich and poor has also been revealed, with two Queensland towns featuring in the nation's 10 poorest suburbs.
The leafy inner-north suburbs of Ascot and Hamilton topped Queensland's high-earners' list, with a mean taxable income of about $103,000 in the 2008-2009 tax year.

But while income only grew by 2 per cent from a year earlier, the town of Tieri home of Central Queensland's Oaky Creek mine recorded an income growth of 9 per cent.
Average income there was $90,000, making it the state's second-top earner.

In Queensland, other mining postcodes of Glenden/Suttor, May Downs/Middlemount, Dysart, Moranbah and Blackwater also fell into the top earners, with income growth of up to 15 per cent on the year before.

Established Brisbane suburban areas of Bardon, Brookfield/Chapel Hill/Kenmore and Balmoral/Bulimba/Hawthorne rounded out the top 10.


Federal Treasurer Wayne Swan said he knew that despite the economy's success in avoiding recession during the GFC, "a lot of people (were) finding it hard to make ends meet".
He said the Government had been committed to income tax cuts and jobs in every budget to do what it could to ease the pressure.

Why My mind is on MINES


Thanks for all emails re Mines from all my friends.
I am adding this to my education and get a full spectrum of Strategy Potential.

I keep getting told its is about accessing the environment of the operation, the facilities of the area and the potential growth or end to the town.

I spent some time with CBH last year and what I experienced was the internal workings of the companies.
They find the stuff, they tell people what they think they have , then they ask people to fund them.
I know it sounds basic but the elements are there simplistically to see.
I found it is hard to guess if the town. Is it restricted on rental accommodation?  What internal economies exist in the town to support investing in town.

I now learn to keep an eye on some sectors and keep my self up to date.


THIS IS A COMPANY YOU SHOULD KEEP AN EYE ON
Macarthur Coal
keep looking at their website
Read their report its better then sifting through information.
Here is the LINK.
http://www.google.com.au/url?sa=t&source=web&cd=6&ved=0CDwQFjAF&url=http%3A%2F%2Fmember.afraccess.com%2Fmedia%3Fid%3DCMN%3A%2F%2F6A537397%26filename%3D20110414%2FNWH_01171158.pdf&ei=Rce0TZC5GYSgvQOEo42GBw&usg=AFQjCNE5xuoR5ZKs4NdiQM4NStKK_NT_nQ&sig2=ZgbgPLsWbrmN4dneTjQ9MA

Interesting observations Click on picture above to enlarge.


Stage 1 of the Middlemount Mine was approved in May 2009 for the production of 1.8 million tonnes per year (Mt/y) of run of mine (ROM) coal, producing semi-hard coking coal and Pulverised Coal Injection coal for export. The Stage 2 expansion, which is subject to this EIS process, proposes to increase the rate of mining up to 5.4Mt/y of ROM coal to produce approximately 4Mt/y of product coal for export.  The estimated coal resource is approximately 100 million tonnes, and the mine would operate for approximately 19 years. Diversions may be required of Roper Creek and Thirteen Mile Gully.  A portion of the Saraji water supply pipeline would also need to be diverted.


The Middlemount Coal Mine is located in the Bowen Basin on Mining Lease ML70379.

The mine is approximately 6 km south-west of the Middlemount township and approximately 270 km north-west of Rockhampton. The proponent for the project is Middlemount Coal Pty Ltd, an incorporated joint venture between Macarthur Coal (70 per cent) and the Noble Group (30 per cent).

Operations would be conducted 24 hours per day, seven days per week, and employ around 500 people. The mining process would be undertaken either by shovels, excavators, and trucks, or by dragline, shovels, excavators and trucks. Both options will be assessed in the EIS. 

Processing of the coal would require an increase of the presently approved capacity of the Coal Handling and Preparation Plant from 400 t/h to 700 t/h.


A proposal for a new rail loop has been submitted to the Isaac Regional Council (as part of Stage 1), for approval under the Sustainable Planning Act 2009. The EIS will suitably describe the rail loop and its relationship to Stage 2 of the mine (for example, any additional rail traffic, etc), but will not conduct a full impact assessment of it as this work has already been undertaken.

DONT JUMP TO QUICK
keep an eye on the news
here are some articles worth reading

Macarthur Coal deal delayed by legal matter

http://www.businessspectator.com.au/bs.nsf/Article/Legal-delay-to-Macarthur-Coals-360m-deal-FH6EK?opendocument&src=idp


Macarthur Coal sees force majeure until end-April

http://www.businessspectator.com.au/bs.nsf/Article/Macarthur-Coal-sees-force-majeure-until-end-April-FTULK?opendocument&src=idp





So Stage 2 is said to happen in 2011 but what effects will happen to make this go ahead or not.
I think a few of my stock market friends will keep an eye on this stock.

Here are some more interesting readings for March 2011

Click on link to download or look at below
http://www.google.com.au/url?sa=t&source=web&cd=1&ved=0CBYQFjAA&url=http%3A%2F%2Fwww.dme.qld.gov.au%2Fzone_files%2Fmines_pdf%2Fcq_mining_energy_projects_and_map_mar2011.pdf&ei=jc-0TfaGFZHIvQPl6-2HBw&usg=AFQjCNGzgIgYYs1ANf5tpn8ztR98IOXM1Q&sig2=eT6dbKvXgKbjXpD5O-ZSKg



HOW BOUT A COOL MAP
Ok so till next time , have a great ANZAC DAY.
Lest we forget

Saturday, 23 April 2011

Magic Plan App for iPhone iPad and the iPod Touch Update

Don't forget subscribe on rightt for daily email news on Real Estate Stuff!!!!! (if you want) or check back here when you can.
Platinum's with iPhones Download this today before they charge for it
They are giving it away for limited time,

Download it by clicking link then download it on your iphone
or ipad 2

or save it for later get itunes
New to this want the steps
get  itunes here
http://www.apple.com/au/itunes/download/
install it
now click here
http://itunes.apple.com/au/app/magicplan/id427424432?mt=8
open in itunes
you may need to sign up a free itunes account,
remember it only charges for apps that cost money the free ones are still free.

now sync your iPad iPhone iTouch (if it has built in camera)
sync with iTunes and it will install.

Or easy way just click link while on your i device and install it
how
open this website http://www.iloveproperty.net/ on your iPhone or iPad or iPod touch (yes iPod touch these are cheap) IF YOU DONT HAVE AN IPHONE cheap way buy an iPod touch (4th generation) of eBay
and that can do it too.



Click to the left if you want to buy an iPod touch but make sure iPod touch (4th generation).
You can install and use all the apps I talk about and also you can
put music on it and podcasts and a install something like TOM TOM GPS
and it can be your GPS instead of buying one.


















or buy for moire money in australia from http://store.apple.com/au/browse/home/shop_ipod/family/ipod_touch?mco=MTAyNTQzMDY




Now once installed watch video's below.


enjoy, need more help
click here http://wwe.sensopia.com/english/support.html

































Thursday, 21 April 2011

Great Map Showing all Sydney prices



Map Showing all Sydney prices
source : http://www.investsmart.com.au/
click map for larger view
 
 
<CLICK ME > for  a good read from http://www.reia.com.au/ It is the Pre Budget Submission. Summary extracts at top of page
 
 
 
 
 
 
 
 
 
latest stats
www.apm.com.au
 
Fastest Growing Suburbs in Sydney House
Rank and suburb Median price * and trend
1 Balmain East $2,047,000 +79%
2 Zetland $850,000 +37%
3 Coogee $1,725,000 +33%
4 Taren Point $1,150,000 +33%
5 Narrabeen $1,160,000 +32%

Wednesday, 20 April 2011

Tennants are using the new NSW Legislation, Part 1 to get out of paying bills

Watch Video Below
or also click the link to a Cool link to an online Video created for the Generation i
( yes Generation i is the iPod iPhone iCar people like me generation i.)
We like video link below .

There are some new rules that started last year, and now tenants are using it to get out of paying bills
especially water. so if you have not read it , read it. Or do what I did and just watch the video,
I love Technology.
OK the first one is the water bill scenario






Check out this link for the full website , Very Smart Website.

http://www.fairtrading.nsw.gov.au/About_us/Publications/Changes_to_tenancy_laws/index.html
JUST WATCH THE VIDEO
CLICK LINK BELOW

For the oldies (neville) :-) ha ha read below. Generation B for Book and Biro and Barbie


from the  State of New South Wales, through NSW Fair Trading, 2010

Introduction:
Hello. You must be interested in finding out about the Residential Tenancies Act 2010 and how the reforms to NSW tenancy laws affect you. We’re here to give you an overview of some of the key changes.

Question: So, do the new laws apply to existing tenancies?
Answer: Yes. The new laws apply to all residential tenancies in NSW from the date the laws commence.

Existing leases remain valid and there is no need to replace current agreements with new ones. But, if there are any terms in an existing lease that conflict with the new laws, the new laws will apply.

Beginning a tenancy

1.    Before signing a lease

The new laws introduce a number of changes to things that happen before a new lease is signed. 
First up, a landlord or agent can ask a prospective tenant to pay a holding fee of up to 1 week’s rent.

Question:  How is this different from a ‘reservation fee’?
Answer: A holding fee can only be requested from a prospective tenant after their tenancy application has been approved.

Question: What does a holding fee do?
Answer: Acceptance of a holding fee means the agent or landlord must keep the premises for the prospective tenant for at least 7 days. The property must not be offered to anyone else during this time.

Question: What happens if the tenant changes their mind after paying a holding fee?
Answer:  If the prospective tenant decides not to go ahead with the tenancy they will lose the





full amount of the holding fee, not just a portion of it, as was the case under the old ‘reservation fee’ system.

Question: What happens if things change and the landlord or agent is forced to withdraw from their commitment to rent the property?
Answer: Once a holding fee has been accepted, the landlord is committed to entering into a lease with the prospective tenant. If for whatever reason they do not do this, the prospective tenant can apply to the Tribunal for the matter to be resolved.

Before the tenant signs a lease at the start of a tenancy, the landlord or agent must disclose certain things to them. These include:
•    if a sale contract has been prepared for the property
•    if a financial institution has commenced court action to take possession of the premises
•    and certain material facts about the premises.

Question: What do you mean by material facts?
Answer: A material fact is information about the premises that is relevant to the tenant’s decision as to whether or not they want to live in the property. For example, if it has any significant health or safety risks, or if a serious flood, bushfire or violent crime has occurred in the premises in the last 5 years.

Question: What if a landlord has recently bought a property and doesn’t know all the historical material facts?
Answer: There is no expectation that a landlord or agent look into the history of a property. But they are required to disclose what they already know about the property to a prospective tenant.

Question: So what happens if any of these things are not told to a tenant?
Answer: Failure to disclose this information may mean that the tenant can get out of the lease and seek compensation from the landlord.
2.    Lease

The new laws make it clear that a landlord or agent must provide a tenant with a written lease in the standard form at the start of a tenancy. And by the way, the formal name for a lease is residential tenancy agreement.

The new laws also make it clear that landlords and agents are no longer permitted to charge tenants a fee to prepare a lease.

If for some reason a tenancy begins and is not covered by a written lease, it is deemed to be a six month agreement.

Question: What does that mean?
Answer: It means that for six months, the rent cannot be increased and the tenant cannot be asked to leave unless they breach the terms of a standard lease.

The standard tenancy agreement and the premises condition report have been updated and modernised. As well, certain lease terms are prohibited under the new laws, including compulsory carpet cleaning at the end of a tenancy.

Question: So does this mean that the tenant cannot be charged to clean the carpet if they leave it dirty?
Answer: No, the tenant is responsible for leaving the carpet clean. If they don’t, the tenant would have to pay for the carpet to be cleaned.

Question: What about if the tenant has a pet?
Answer: If the landlord allows the tenant to keep a cat or dog, the lease can include a carpet cleaning term. This is the only circumstance where a carpet cleaning term could be added to a lease.

3.    Rental bonds
Under the new Act, the maximum amount that can be requested as a rental bond is 4 weeks rent, regardless of whether or not the premises are furnished.


Question: Is this a change?
Answer: Yes, under the old law, furnished places could attract a higher bond than unfurnished places. The new law caps the bond at 4 weeks, for all premises.

Question: Can a tenant be asked to increase a bond to keep it at the 4 weeks rent if the rent goes up during the tenancy?
Answer: No, landlords and agents are not allowed to request or receive any bond increase during the course of a tenancy.

Rental bonds have to be lodged with Fair Trading and there are new time limits for this.

Question: What is the new lodgement time limit for agents?
Answer: Agents have 10 working days from the end of each month to lodge all the bonds they’ve collected in that month.

Question: And the new time limit for landlords?
Answer: Landlords have 10 working days from the date they receive a bond to lodge it with Fair Trading.

Where both parties agree, a bond can be paid off by instalments, and the landlord or agent will be able to retain the part payments until either the bond is fully paid or 3 months has elapsed, whichever happens first.

And it is against the law for more than one rental bond to be charged per lease.

During a tenancy

The rights and responsibilities of tenants and landlords are spelled out in the standard lease.

Here are a few of the important areas of the law which affect landlords, agents and tenants during a tenancy.

1.    Rent payments and receipts

Rent payments
The new Act stipulates that tenants have to be given at least one way to pay their rent that does not attract a specific fee.
For example, by making a direct transfer into the landlord or agent’s bank account.

Question:  What happens if a rent payment is dishonoured?
Answer: Tenants will have to pay the landlord’s bank charges if a rent cheque bounces or a direct debit rent payment is dishonoured.

Question: So what about existing tenants, does this apply to them?
Answer: Yes, under the new laws, all tenants, including existing ones, must be given a fee-free way to pay their rent. And all tenants will have to pay the landlord’s bank charges if a rent payment cannot go through due to a lack of funds.

Rent in advance
The maximum amount of rent in advance that can be requested from any tenant is two weeks. Tenants can voluntarily pay more if they want to.

Question: So is this a change?
Answer: Yes, under the old law, tenants could be asked for one month’s rent in advance if the rent was over $300 a week. The new laws cap rent in advance to a maximum of 2 weeks, regardless of the amount of the rent.

Rental ledgers
Landlords and agents can keep rent ledgers electronically, or in any other format and tenants can ask for a copy at any time. Such requests will need to be met within 7 days.

2.    Alterations

The new law regarding alterations does not give tenants the right to make alterations without approval from the landlord. Tenants must still get written permission before doing any alterations to the property.

Under the new Act, landlords must not unreasonably refuse requests from a tenant to add a fixture or make a minor change to the property. For example, installing child safety locks on windows, connecting pay television to the property, or adding picture hooks in rooms which don’t have any.

Question: Well what sort of request can a landlord refuse?
Answer: Landlords can refuse a tenant’s request to:
•    paint the property
•    make structural changes such as taking down a partition wall
•    make any alterations that are prohibited under another law
•    do any work that is not easily rectified, repaired or removed
•    do any alterations that are not consistent with the nature of the property
•    or any other request where it would be reasonable for the landlord to say no.

If there is a dispute over permission for alterations, either party can take the matter to the Tribunal to have it resolved.

3.    Protection for domestic violence victims

Victims of domestic violence living in a rented property have the right to change the locks and seek to take over the tenancy if their name is not already on the lease.
This new provision means immediate protection for domestic violence victims.

A person who has taken out an apprehended violence order or AVO will not need to get the landlord’s permission to change the locks, so long as the AVO prohibits the violent person from accessing the rented premises. The landlord or agent should be given a copy of the new set of keys within seven days.

4.    Water usage

Under the old laws, tenants can be charged for water where there is a separate water meter, such as in most houses.                                  

But under the new laws, water efficiency measures have been introduced.



Question: What does that mean?
Answer: It means that rented premises must be made water efficient if tenants are to pay for their water.

Question: What about for existing tenancies?
Answer: Landlords who wish to continue charging their existing tenants for water will have 12 months from the start of the new laws to install water efficient measures.

Question: And for new tenancies?
Answer: Landlords will need to install water efficiency measures in their rented premises before starting a new lease if they want to charge their tenants for water usage.

Another change is the introduction of time limits to these arrangements. Landlords must seek payment from their tenant within 3 months of receiving a water bill. And tenants will have 21 days to pay their landlord for the water used.

Under the old laws, if there is no individual water meter for a rented property, as is the case with most blocks of units, a tenant cannot be charged for water. This is unchanged under the new laws.

5.    Sub-letting

If a tenant wants a new or replacement co-tenant to move in and sign the lease, the tenant first needs to ask the landlord for permission.

Under the new laws, a landlord cannot unreasonably refuse a tenant’s request to bring in a new co-tenant or sub-let part of the premises, such as the granny flat downstairs, the spare room or the parking space.

Question:  Can the landlord ask for any information about the person looking to move in or sub-let?
Answer: Yes, they can even sit down and have a chat with them if they want to.

Question: On what basis can a landlord refuse?
Answer:  The law says it is reasonable for a landlord to refuse a sub-letting or co-tenancy request under a number of circumstances. These include:
•    If it would result in overcrowding
•    If the person was listed on a bad tenant database
•    If the number of occupants permitted under the lease would be exceeded
•    or any other good reason.

If the tenant believes the landlord’s refusal is unreasonable, they can take the matter to the Tribunal to have it resolved.

Landlords have complete discretion to refuse a request from a tenant to sub-let the whole premises.

6.    Rights of co-tenants

When more than one person signs the lease, all those who sign are called co-tenants. Each co-tenant has a legal contract with the owner of the property and shares full responsibility for the tenancy. 

The new laws recognise the rights of co-tenants for the first time.

Co-tenant disputes can be taken to the Tribunal
If there is a dispute, a co-tenant can apply to the Tribunal for an order to terminate their own tenancy, the tenancy of another co-tenant, or the tenancy as a whole, which would bring the agreement with the landlord to an end.

Co-tenants can give notice
Once the fixed term period of the lease is over, a co-tenant can give 21 days notice if they want to move out and end their contract with the landlord. This will bring an end to their joint legal liability with the other co-tenants for things like future rent and damage to the property.

The remaining co-tenants will need to decide whether or not they want to keep the tenancy going, get someone else in, or give their own notice to move out.



7.    Sale of rented premises

If rented residential premises are to be sold, the tenants must be told about this at least 14 days before the first inspection is to take place.

Question: Is this a change?
Answer: Yes. This is to address situations that occurred in the past where tenants have come home to learn their place is for sale by finding a ‘for sale’ sign in the front yard.

Under the new laws, the selling agent must try to come to an agreement with the tenant about what days and times the premises will be open for inspection.

Two inspection periods each week are allowed, such as one evening and on Saturday, and the parties can negotiate if more access is required.

Question: What if the agent and tenant can’t agree on inspection times?
Answer: The agent or landlord still has the right to show the property to potential buyers. They don’t need the tenant’s consent but the tenant must be given at least 48 hours notice.

The tenant may ask for a rent reduction during the inspection period to compensate them for being inconvenienced. It is up to the parties to negotiate what the amount of any discount might be.

Ending a tenancy

1.    Termination notices

Under the new Act, a landlord or agent has to give at least 30 days notice if they want the tenant to move out when the fixed term period ends.

Question:  Under the old laws, this was 14 days notice, is that right?
Answer: Yes, that’s right. But this has been replaced by a 30 day notice period.

Also changing under the new Act is the notice period that applies when the fixed term has already ended. The landlord or agent has to give at least 90 days notice if they want the tenant to move out after the end of the fixed term.

Question: Under the old laws, this was 60 days notice, right?
Answer: Yes, that’s right. But this has been replaced by a 90 day notice period.

The new laws also allow a tenant to leave at any time after receiving notice from the landlord without having to give their own notice. In addition, the tenant is only liable to pay rent until they return vacant possession to the landlord, and by that I mean they have moved out and handed the keys back.

Question: Is this a change?
Answer: Yes, under the old laws, a tenant would have to stay until the end of the notice period or give their own notice and possibly have to pay rent on two places for a period of time.

Question: So if a tenant is given 90 days notice after the lease has already ended, are they liable to pay rent for the whole 90 days?
Answer: No, the tenant is only liable for rent until they move out, which can be at any time during the 90 days.

Under the new laws, termination notices, and any notice for that matter, issued by either a landlord, agent or a tenant, can be hand delivered to the mail box of the other party.

Question: So, is this a change?
Answer: Yes. It provides a speedy alternative to posting a notice through the mail because it avoids the need to add four working days to the notice period.

Another new change is that the Tribunal can overlook errors in the content of a termination notice or the way it has been served. As long as the Tribunal decides that the person receiving the notice has not been significantly disadvantaged by those errors, the notice will be acceptable.

The period of notice that has to be given by a tenant stays the same. A tenant will have to give at least 14 days notice if the fixed term period is due to end and at least 21 days notice if the fixed term period has already ended.

2.    Rent arrears evictions

 When a tenant cannot pay their rent on time, they fall behind and are in ‘rent arrears’. Being in rent arrears is a reason for the landlord to evict a tenant.

The new law streamlines the rent arrears eviction process in two ways:
1.    The termination notice can be hand delivered to the tenant’s mail box, avoiding the need to add four days to the notice period for postage
2.    The Tribunal application for a termination order can be made at the same time as the notice is given to the tenant, cutting up to 2 weeks off the time it takes to get an application heard.

 The termination notice must spell out for tenants that they have 3 options:
1.    pay the arrears amount in full
2.    follow a repayment plan that is acceptable to both parties
3.    move out by a specified termination date.

If a tenant offers to pay the landlord or agent a full payment of rent arrears at any time, the landlord or agent must accept it.

Question: So landlords and agents are not allowed to refuse the payment in order to get the tenant evicted?
Answer: That’s right, rent arrears payments must be accepted even if they are offered at the last minute.

Question: But what happens when tenants are repeatedly late with their rent?
Answer: Landlords and agents can apply to the Tribunal for a termination order. The Tribunal will be able to issue an order if the landlord or agent can show that the tenant is frequently late with their rent. The order can be enforced even if the tenant pays and the landlord or agent accepts the rent arrears.


3.    Certainty for landlords

At the end of a fixed term tenancy, it is not uncommon for a landlord to want their tenant to move out. To do this, the landlord or agent would generally issue a termination notice asking the tenant to move out by a certain date.

Question: What happens if the tenant doesn’t move out?
Answer: If the tenant doesn’t vacate the premises by the due date, the landlord or agent can apply to the Tribunal for an order to terminate the tenancy.

Question: Does this resolve the situation?
Answer: Well, under the old laws, the Tribunal could use its discretion to allow the tenant to stay living in the premises, despite the landlord’s wish to get their property back. But under the new laws, this discretion has been completely removed. Provided the landlord or agent served a proper termination notice, the Tribunal must order the tenant to vacate the property.

Question: Are there any exceptions to this?
Answer: Yes, if the tenant can show that the notice was retaliatory, the Tribunal can decide to let the tenant stay living in the premises.

Question: What does retaliatory mean?
Answer: I can best explain it by using an example. Suppose a tenant has just taken the landlord to the Tribunal to get some repairs done. Then, soon after, they receive a termination notice. In this situation, the Tribunal may find that the landlord wanted to terminate the tenancy as a way of punishing the tenant. This is what is meant by a ‘retaliatory’ notice.

4.    Breaking an agreement

Under the new laws, there are four specific situations when a tenant can break a fixed term lease without penalty.

Question: And what are they?
Answer:
1.    if they accept an offer of public housing
2.    if they need to move to a nursing home
3.    if the landlord puts the property up for sale without telling the tenant before the lease was entered into, or
4.    where a co-tenant is the subject of a final AVO barring them from the premises.

In these situations, the tenant can give 14 days notice to end the tenancy and is not liable to pay any compensation or other amount to the landlord.

Under the new laws, parties to a tenancy agreement have the option of including a break fee in the lease.

Question: When does the break fee apply?
Answer: The break fee applies if the tenant breaks the lease before the end of the fixed term period. The exception to this is in those special circumstances I mentioned a moment ago.

 The amount of the break-fee is set under the new laws:
•    In the first half of the fixed term period it is 6 weeks rent
•    In the second half of the fixed period it is 4 weeks rent.

Question: What if there is no break fee in the lease?
Answer: The tenant would still be liable to compensate the landlord for any loss, which resulted from them breaking the lease early. For example, they may need to pay rent until the landlord or agent can find a new tenant.

Death of a tenant
Upon the death of a tenant, the tenancy can be terminated at any time by the tenant’s executor, any other legal personal representative, or the landlord.

In these situations the estate will only be liable to pay an occupation fee until vacant possession is given to the landlord. The occupation fee is an amount equivalent to the rent.




5.    Immediate grounds for eviction

A landlord can go straight to the Tribunal for a termination order, without having to give a termination notice, under certain circumstances. Under the new laws, these circumstances have been expanded. They are:
•    If a tenant uses the premises for illegal purposes,
•    If a tenant injures, threatens, abuses, intimidates or harasses the landlord, or their agent, employees or contractors
•    If any occupants cause serious damage or injury, or
•    If serious damage or injury is caused to neighbouring property.

Question: What is meant by using the premises for illegal purposes?
Answer: Well, this doesn’t mean things that are simply a breach of the agreement, like keeping an animal without consent. This is directed at serious criminal activities such as the manufacture or cultivation of illegal substances on the premises.

6.    Goods left behind

Under the new laws, rubbish and perishable items left behind after a tenant moves out can be disposed of immediately. For all other goods, including a tenant’s personal documents, a landlord is required to make reasonable attempts to notify the former tenant that their goods will be disposed of unless collected within a certain period.

Question: How long do goods need to be kept?
Answer: General goods such as furniture and clothing must be held for at least 14 days. Personal documents such as photos and bank statements have to be kept for at least 90 days.

Question: How do tenants get their goods back if they want them?
Answer: Landlord and agents have to make a reasonable effort to notify the former tenant about the goods they have left behind. The notification can be given in writing, in person or over the phone. The tenant can collect their goods during the notice period.
Question: Can tenants be charged for this?
Answer: Yes, but only if sufficient goods have been left behind to hinder re-letting of the premises. In these situations, landlords can only charge a storage fee which is equal to the rent. A maximum of 2 weeks fee can be charged.

Question: What happens if the tenant cannot be contacted or doesn’t want their things?
Answer: The landlord or agent can dispose of the items after the end of the notice periods in any appropriate legal manner. Official documents like passports and medicare cards can be returned to the issuing authority.

Wrap up:

Well, we’ve reached the end of this presentation. We hope you found it a useful and informative introduction to the Residential Tenancies Act 2010.

© State of New South Wales, through NSW Fair Trading, 2010

Monday, 18 April 2011

Who’s earning the big bucks?

Great Article

Who’s earning the big bucks?

The Australian Tax office this week released their annual taxation statistics (see here for all the data) which provides one of the best insights about individual income levels and spatial patterns of wealth around the country.  It is worth mentioning the data which was released this week relates to the 2008/09 financial year… quite a delay in getting the data released, but better late than never (the data is actually released at about the same time each year).
We’ve created a bunch of thematic maps which are probably the best way to highlight the wealth trends around the capital cities.
Typically the high income areas are clustered close to the cities and along the coastline with a few exceptions being the postcodes synonymous with acreage homes.  
The list below shows the top twenty postcodes for the highest mean taxable incomes. 

Twelve of the highest income earning postcodes are located in Sydney and Melbourne and Perth both feature four postcodes within the top twenty list (we’ve also included the postcodes for highest income earners in the other capital cities with their respective national rankings).


The highest income postcodes outside of the capitals are almost exclusively located within the resource intensive regions, particularly WA’s Pilbara and Queensland’s Bowen Basin.


The buying power of individuals residing in these high incomes locations (both capital city and regional areas) is very much evident in the high house prices and rental rates evident across these markets.
As a few random examples:

The highest income postcode, 3944 (Portsea, located along Melbourne’s Mornington Peninsula) shows a median house price of $1.565m.

The highest income postcode in New South Wales, 2027 (home to suburbs such as Point Piper, Darling Point and Edgecliff) has a median house price of $1.68m and a median unit price of $875,000.
Deals in this area

OK here is a give away, I don't normally do this but
there are deals now in this area.
LOOK -
and again
Paddington

In the highest income regional postcode of 6713 (Dampier) the median house price is $865,000
The same is true at the opposite end of the spectrum, with low income postcodes unsurprisingly featuring low priced housing.
Once again, a few examples:
The postcode of 7016 (Hobart’s suburb of Risdon Value) shows a mean individual income level of $38,268 and a median house price of $185,000.

4114 (the Brisbane suburb’s of Kingston and Woodridge) has a mean income level of $40,108 and is recording a median house price $277,500.

3200 (Melbourne’s Frankston North and Pines Forest) shows a mean income level of $39,827 and a median house price of 4285,000.


To blow these pictures up just click on them.















On a personal note totally not Property , I just say the Lincoln Lawyer....Really good movie...I read the book a few Christmas ago  (thank Marco) and it is a book you can't put down.
If you want a good read get it , you will be trapped in on your bed with a coffee and a locked door,
GO AWAY people I am reading , sneak out of room go to Bathroom then come back to your room,
again , Yes its that sort of book.

Saturday, 16 April 2011

Freebiee get it QUICK before it costs money its free



MagicPlan By Sensopia (thanks Jarod)
if you dont have an iPhone go get one from Jarod at Nextbyte Glebe.

Description
MagicPlan is not another floor plan drawing application.
MagicPlan revolutionizes the real estate market!

MagicPlan is the only application that MEASURES, DRAWS and PUBLISHES an INTERACTIVE FLOOR PLAN on the web, just by taking pictures with your iPhone 4 or iPod Touch (4th generation).





iPhone Screenshot 1
iPhone Screenshot 2
iPhone Screenshot 3
iPhone Screenshot 4
iPhone Screenshot 5

Without MagicPlan, making a floor plan can take up to several hours, especially when the house is furnished.
With MagicPlan, EVERYONE CAN CREATE A FLOOR PLAN IN FEW MINUTES ONLY. You do not need to call a tech land surveyor, an architect or a web developer.

Get immediate results while walking through your house:
• No need to measure;
• No need to draw;
• No need to move furniture;
• No need for expertise;
• No need to program;
• No need to spend money.

A simple button allows you to publish your interactive floor plan on the web or export it as a .pdf or .jpeg.

BUY, SELL OR RENT A PROPERTY WITH MAGICPLAN
• Make the right decision;
• Get qualified visits;
• Attract more interest by improving the quality of your listings.

MANAGE YOUR HOME WITH MAGICPLAN
• Estimate your renovation budget;
• Go shopping with the dimensions of your house;
• Document your house for insurance.

SHARE YOUR HOME BOOK ON THE WEB
• Showcase your interactive floor plan on the web;
• Include geolocation, pictures, furniture and descriptions into your home book;
• Share your home book with friends and family.

DEMO VIDEOS are available at www.sensopia.com

COST
• MagicPlan is free to download and free to use.
• Publishing for free comes with a watermark and is restricted to non-commercial use.
• To enable commercial usage and remove the watermark, a paid publication is available.

COMPATIBILITY
iPhone 4 or iPod Touch (4th generation).
MagicPlan technology is based upon a MULTIPLE PATENT PENDING technology leveraging the gyroscope.

iPhone Screenshots

Customer Reviews

Fantastic!!

At last a practical floor plan tool, once you've used the tutorial your away!! The combination of technology and simplicity is FANTASTIC. Thank you now all of Cam Johnston Realty properties CAN have floor plans!

Thursday, 14 April 2011

The Dymphna loves this book Richest Man in Babylon

Dymphna's top ten books this one is up the top.
I put the book link on the side because it is bloody cheap to get of amazon.

"What can a book written in the 1920s tell modern investors about their finances? A whole lot if it's George Clason's delightful set of parables that explain the basics of money. This is a great gift for a graduate or anyone who seems baffled by the world of finance and a wonderful, refreshing read for even the most experienced investor."
-Los Angeles Times

Product Description

Hailed as a modern-day classic, this celebrated bestseller offers an understanding of-and a solution to-personal financial problems. Based on the success secrets of ancient "Babylonian parables", it is the most inspiring book on wealth ever written.

BUT LIKE ME , Can't read while I drive so listen to it instead.
CD come as CD's and you put them in your car or convert them to MP3 with iTUNES to hear on your iPOD.

Originally published in 1926, sprinkled with King James English, and narrated with Shakespearean intensity by the able Richard Ferrone, this is a high- impact personal finance audio that sounds like it's speaking to us from the time of Jesus. Captivating fables gently urge listeners to use their talents to accumulate money, invest a tenth of what's earned, spend thoughtfully on necessities, save for the future, and avoid risks. A well-crafted analysis explains what separates the ownership class from the class of people who work for others. We're reminded also that our place in the pecking order depends on our internal values and the way we manage our money. T.W. © AudioFile 2006, Portland, Maine-- Copyright © AudioFile, Portland, Maine


Or really techy like me skip the book and the CD and just download from iTunes online and listen on iPHONE POD PAD or i?????.  
Click link for immediate download (Christian this is for you)

http://itunes.apple.com/us/album/the-richest-man-in-babylon/id277530580

Great, next time you see Dymphna tell her all about it and ask her if she has read it , bet she says "Read it I wanna rewrite it"



Wednesday, 13 April 2011

If you rent property in NSW make sure you know about this

This becomes law on Monday 31 January 2011.
Residential Tenancies Act 2010 was passed by Parliament on 10 June 2010.
The key changes in the Act are explained below:-
Holding Fees
The Act will permit holding fees to be charged only after an application for a tenancy has been approved. This assumes that applications are approved on the spot. This may present procedural problems for both tenants and landlords and needs to be considered through the consultation process for the regulations. Once accepted the holding fee keeps the premises off the market for up to 7 days with no provision for any refund to the applicant if they decide not to enter into an agreement. The 1987 Act (current position) provides that the landlord may retain a fee equivalent to only the amount of rent that would have been paid for the period reserved and refund the remainder (if any) to the applicant.
Information to be provided and material facts
Section 27 (1) compels a landlord to provide a tenant with their phone number or other contact details even if they have an agent. The Act requires the disclosure of material facts to prospective tenants; such as if the landlord has drawn up a contract to sell the property or if a mortgagee has taken court action to recover possession.
Selling of property
The landlord must give a minimum of 14 days written notice prior to commencement of marketing. It obliges the selling agent to make reasonable efforts to agree with the tenant on the days and times the premises will be available for inspection. A limit of 2 inspections per week are provided in the Act, and the parties can negotiate if more access is required. If the landlord and tenant fail to agree, the landlord can access twice per week without consent provided 48 hours notice is given to the tenant on each occasion.
Limit on amounts payable by tenant before agreement
The tenant can no longer be charged the $15.00 contribution towards the lease preparation fee.
Limit on bonds payable by tenant
Bonds will be limited to the equivalent of 4 weeks rent for both furnished and unfurnished premises—current position is 6 weeks rent for furnished premises. Bonds can also no longer be topped up in an ongoing tenancy.
Urgent Repairs
Definitions of urgent work and repairs now includes the addition of cooling.
Breaking a lease early
The Act will enable tenants to break a lease early without penalty in certain situations, such as, when they accept an offer of public housing or need to move to a nursing home. The Act also introduces the concept of an option ‘break fee’, fixing the penalty payable in other cases where a tenant breaks a lease early. A break fee for a fixed term agreement for a fixed term of not more than 3 years is an amount equal to 4 weeks rent in any other case.
Termination Notices—Periodic agreement
The Act increases the ‘no grounds’ notice given to tenants who are no longer in a fixed term lease from 60 days to 90 days. A tenant may give 21 days notice—no change from current position.
Fixed Term
A landlord may end a fixed term agreement at any time before the end of the fixed term to take effect not earlier than 30 days after the day on which the notice is given –current position is 14 days. The tenant notice will remain at 14 days
Rent arrears evictions
We are advised that the time taken for a landlord to get their application heard by the Tribunal where the tenant is behind in rent will be shortened. Section 88 (4) provides that a landlord may apply to the tribunal for a termination order before the termination date Tribunal
specified in a non-payment termination notice, however the Tribunal must not consider such application until after the termination date. The Act also gives a guarantee to tenants that their tenancy can continue if their rent arrears are paid or if they follow an agree repayment plan. However, this guarantee may not apply if the landlord makes an application to the tribunal for a termination order and the tribunal is satisfied that the tenant has frequently failed to pay their rent on time.
Water Efficiency
The Act will require rented premises to be water efficient if tenants of separately metered premises are to pay for water. The standards for water efficiency will be determined when the regulations are made later this year. Landlords have 12 months in which to carry out any required work if they wish to continue to directly recover the cost of water usage from tenants.

Monday, 11 April 2011

ROVE McManus sold his Melbourne mansion for $3.4 million

ROVE McManus sold his Melbourne mansion for $3.4 million on Saturday in a private auction that included a handful of pre-approved bidders. 
click link http://www.realestate.com.au/property-house-vic-richmond-107203760 





 
About 20 interested onlookers were refused entry to the auction, held inside the 144-year-old home in Docker St, Richmond.
About 26 bidders were granted a golden ticket pass inside, while a crowd of similar size waited for the result outside.
LA-based McManus was not on hand for the auction of the five-bedroom, three-bathroom property he bought in late 2003 for $1.9 million.
Before the auction, only pre-approved bidders were given a peek at McManus's oriental-style decorating taste and modern art collection, including plentiful cabinets and wooden wall fittings. An upstairs study with a sleek Mac computer and weathered whiteboard on the wall gave bidders a rare insight into the comic's private creative space.
When the auction kicked off, a Rolex-toting man in his early 40s opened the bidding at $3.2 million.
A second man, with a phone to his ear, acting on behalf of an absentee bidder, competed ferociously for the property, with bids shrinking to $5000.
When the tug-of-war stagnated at $3.31 million, Jellis Craig auctioneer Clayton Smith held a short consultation with the vendor before declaring the house on the market. "We have instructions to sell the property," he said.
A short time later, the hammer fell to the initial bidder, who emerged from his new home offering little more than a smile.
``It's a beautiful home,'' he said, before leaving.
Mr Smith said the auction set a record for residential sales in Richmond.
McManus recently shelled out $1.2 million for a pad in the Hollywood Hills.
 * Article from news.com.au

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