PropertyInvesting.com | Scott No Mates | Activity https://www.propertyinvesting.com/members/scott-no-mates/activity/ Activity feed for Scott No Mates. Thu, 06 Nov 2025 10:25:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ee516607f9461c019e1922a1ecee3c94 Scott No Mates replied to the topic Blackwater Investment in the forum General Property https://www.propertyinvesting.com/topic/5082586-blackwater-investment/#post-5103918 Wed, 02 Apr 2025 20:29:05 +0000 It took a day though.

]]> 8cf33548a940be02eec81cf50fb3d490 Scott No Mates replied to the topic Blackwater Investment in the forum General Property https://www.propertyinvesting.com/topic/5082586-blackwater-investment/#post-5103902 Mon, 31 Mar 2025 20:02:13 +0000 The Crisafulli Government had confirmed that they will be introducing daylight saving over winter in order to expand mormings

]]> d34b6c84088ad9bf8b1e5eab32a89dd9 Scott No Mates replied to the topic Distribute Income from Trusts to minors? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5093236-distriubute-income-from-trusts-to-minors/#post-5093496 Thu, 28 Dec 2023 11:12:28 +0000 Yes, however they are charged tax at the top marginal rate unless it is ‘excepted trust income’ (eg from a testamentary trust).

]]> bedbcc9dc0da122b1037cde07b01cccf Scott No Mates replied to the topic Distribute Income from Trusts to minors? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5093236-distriubute-income-from-trusts-to-minors/#post-5093496 Thu, 28 Dec 2023 11:12:28 +0000 Yes, however they are charged tax at the top marginal rate unless it is ‘excepted trust income’ (eg from a testamentary trust).

]]> 42621f6b7a565d339459cf801b1d7113 Scott No Mates replied to the topic Land title size and advertised land size different in the forum Help Needed! https://www.propertyinvesting.com/topic/5084464-land-title-size-and-advertised-land-size-different/#post-5086948 Thu, 22 Dec 2022 09:29:32 +0000 You must rely on the S32 not the advert as errors are quite common.

The agent would have pulled the size from another source like RP Data.

]]> f5b5a56f326eae2b886ec95802ba1f70 Scott No Mates replied to the topic Conversion of community title to torrens title in the forum Help Needed! https://www.propertyinvesting.com/topic/5082406-conversion-of-community-title-to-torrens-title/#post-5082687 Sat, 19 Mar 2022 05:19:42 +0000 Does 285m2 qualify under your council’s LEP for separate titling? You will find that unless there is a specific exemption or mention, the minimum block size may be 400m2 and you will be well short which is why the developer went the way that they did.

]]> 9ad4fee06d820cea71740a684ace3ab5 Scott No Mates replied to the topic Questions for anyone that knows wholesaling in the forum General Property https://www.propertyinvesting.com/topic/5071836-questions-for-anyone-that-knows-wholesaling/#post-5071932 Sun, 18 Apr 2021 02:16:49 +0000 I had a cheap yacht which hit a reef & sank,  does that count?

]]> 48762bdeb80e2fa3d2f15d6904a56884 Scott No Mates replied to the topic What is a sleepout? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377314-what-is-a-sleepout/#post-5068969 Sat, 21 Nov 2020 03:01:14 +0000 If it includes building a wall then you may require consent.

]]> ec6084b8c96caa8a87443e191258be8d Scott No Mates replied to the topic Buyer's Club (Sydney) in the forum Help Needed! https://www.propertyinvesting.com/topic/5063205-buyers-club-sydney/#post-5064310 Tue, 21 Apr 2020 12:47:41 +0000 So the deals are inflated by $20k in addition to the money you’re paying to a biased buyer’s agent who is already in bed with a builder and possibly the land owner. Not independent advice IMHO.

Go to an independent BA who will provide options which meet your requirements.

]]> d268a14bbacd043a645edf284a735c87 Scott No Mates replied to the topic Commercial Project Feaso in the forum Commercial Property https://www.propertyinvesting.com/topic/5064144-commercial-project-feaso/#post-5064309 Tue, 21 Apr 2020 12:34:22 +0000 Your assumption of equity required of $47k is far shy of the normal requirement of 30% for commercial property. 

]]> 26e2762ab231a0c7c35a7b671ab7a464 Scott No Mates replied to the topic Anyone using social media / website to promote their bizz? in the forum Creative Investing https://www.propertyinvesting.com/topic/5062077-anyone-using-social-media-website-to-promote-their-bizz/#post-5062085 Mon, 23 Mar 2020 01:52:09 +0000 It’s been on the agenda for a long time. I should so something about it whilst the apocalypse passes.

]]> 87129d672d2d3f958bee9312e764414d Scott No Mates replied to the topic buying a property with smsf.... in the forum Commercial Property https://www.propertyinvesting.com/topic/5061781-buying-a-property-with-smsf/#post-5061906 Wed, 04 Mar 2020 03:22:29 +0000 You can borrow to purchase but cannot borrow to renovate (make sure that you have sufficient funds to complete the works without tying up all of your capital).

Will you being converting to residential (restrictions on what you can do in super) or will your business be renting it from the SMSF. Any rent paid will go to the fund (less any tax…[Read more]

]]> 58e984b386aa156f3a62d96d4192d5d2 Scott No Mates replied to the topic 20km from cbd VS. 50km from cbd in the forum Help Needed! https://www.propertyinvesting.com/topic/5061881-20km-from-cbd-vs-50km-from-cbd/#post-5061905 Wed, 04 Mar 2020 03:12:44 +0000 High crime rate – are they the official figures or just hearsay?

How long will it take to commute to work from 20km and 50 km (50 km is 2 1/2 times further from the city)

]]> 02c69052c0ced0e59b3b4094f166c549 Scott No Mates replied to the topic how to cpi rent review,after 3 yrs no adjustment in the forum Help Needed! https://www.propertyinvesting.com/topic/5060575-how-to-cpi-rent-reviewafter-3-yrs-no-adjustment/#post-5060801 Thu, 09 Jan 2020 12:29:41 +0000 After reading the rent review clause,  go to abs.gov.au and get the CPI table download. This is an Excel file.

Use the all groups Adelaide

 

June 2019 ÷ June 2016 × current rent.

113.7 / 107.5 = 1.0576744186 x rent

 

You will also need to do a back rent calculation for the period after the rent review to current (even if this is prior to yo…[Read more]

]]> 2368ccda449a8747b4dc8ee319ded3af Scott No Mates replied to the topic Renovating for a living in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5055487-renovating-for-a-living-2/#post-5059947 Fri, 08 Nov 2019 03:40:00 +0000 By the sound of it you intend to run the business of a builder, you will need a builders licence. Owner builders licences are restricted to PPOR not flipping.

]]> 0ee300b10cc1c4c407485d594a358a4a Scott No Mates replied to the topic building three unit's with foam construction with Bondor panels in the forum Commercial Property https://www.propertyinvesting.com/topic/5059892-building-three-unit-with-foam-construction/#post-5059946 Fri, 08 Nov 2019 03:32:31 +0000 Your first port of call is the BCA – you need to determine the type of construction material that the building is required to be constructed.

I have previously built light-weight construction using Hebel panels, styrocon and metal sheet/purlins each solution was dictated by the location.

]]> 27e51cf7b6fb26823623e4a2cbc1ba6f Scott No Mates replied to the topic method to valuate townhouse land valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/5055135-method-to-valuate-townhouse-land-valuation/#post-5055145 Wed, 14 Aug 2019 13:12:40 +0000 You look for comparable sales – ie other 3 bedroom townhouses nearby.

Land value means precious little unless the site is massively underdeveloped.

]]> ba3b8e95489bed148c1720b2cc3f2c42 Scott No Mates replied to the topic House title in the forum Help Needed! https://www.propertyinvesting.com/topic/5054879-house-title/#post-5054896 Mon, 22 Jul 2019 12:58:29 +0000 Stamp duty (at market value for the % that you are buying), legal fees (you, sister & mother all require advice), provision for capital gains tax (payable by your sister), discharge of mortgage.

]]> 523d26455df7661caa7a0a7ba1afbaa4 Scott No Mates replied to the topic Begin Lied by ReaAgent in pre-settlement inspection in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5054727-begin-lied-by-reaagent-in-pre-settlement-inspection/#post-5054789 Thu, 11 Jul 2019 11:40:27 +0000 It’s a bit late now. You should have raised this matter with your building & pest inspector prior to settlement and also with your solicitor. The vendor has got the cash and is well on the way to Bermuda.

]]> 81e17f5c1563fa42b66b8a0daf39c00f Scott No Mates replied to the topic Chapel Street Shopping Precinct special rate in the forum Commercial Property https://www.propertyinvesting.com/topic/5054286-chapel-street-shopping-precinct-special-rate/#post-5054786 Thu, 11 Jul 2019 11:35:32 +0000 https://www.stonnington.vic.gov.au/files/assets/public/adl/public-notices/proposed-special-rate-for-chapel-street-shopping-precinct.pdf

]]> 81e17f5c1563fa42b66b8a0daf39c00f Scott No Mates replied to the topic Chapel Street Shopping Precinct special rate in the forum Commercial Property https://www.propertyinvesting.com/topic/5054286-chapel-street-shopping-precinct-special-rate/#post-5054786 Thu, 11 Jul 2019 11:35:32 +0000 https://www.stonnington.vic.gov.au/files/assets/public/adl/public-notices/proposed-special-rate-for-chapel-street-shopping-precinct.pdf

]]> e1c80d8b97c0c1c4bd38b382a8951f89 Scott No Mates replied to the topic Chapel Street Shopping Precinct special rate in the forum Commercial Property https://www.propertyinvesting.com/topic/5054286-chapel-street-shopping-precinct-special-rate/#post-5054785 Thu, 11 Jul 2019 11:35:08 +0000

]]> e1c80d8b97c0c1c4bd38b382a8951f89 Scott No Mates replied to the topic Chapel Street Shopping Precinct special rate in the forum Commercial Property https://www.propertyinvesting.com/topic/5054286-chapel-street-shopping-precinct-special-rate/#post-5054785 Thu, 11 Jul 2019 11:35:08 +0000

]]> 84ae34a462ee2b7796c94e7e7db669ee Scott No Mates replied to the topic My builder gutted our house!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/5050242-my-builder-gutted-our-house/#post-5053787 Fri, 07 Jun 2019 11:46:19 +0000 @cubster_2 – have you checked whether he holds a builder’s licence (for the type of work that he’ll be undertaking)? Reference check?

Has he taken out home warranty insurance? If not you may have little recourse through fair trading/VCat other than stopping them undertaking more work elsewhere.

]]> 97d4792d4645cdbfe8bc105ee07ad7f8 Scott No Mates replied to the topic Becoming A Builder in the forum Help Needed! https://www.propertyinvesting.com/topic/5053416-becoming-a-builder/#post-5053786 Fri, 07 Jun 2019 11:37:00 +0000 @sako – what do you mean by ‘becoming a builder’?

The building industry is very wide – there are jobs at all levels from unskilled labourers, semi-skilled trades (concretors, gyprockers, landscapers etc), general tradies (brickies, painters, chippies, metalworkers, stonemasons, plasterers, floor layers, plumbers, sparkies etc), professional…[Read more]

]]> 1d3976531f4d7c6e18d9978c8a9f23ce Scott No Mates replied to the topic Median Prices for Commercial/Industries/Land Assets in the forum Commercial Property https://www.propertyinvesting.com/topic/5049457-median-prices-for-commercialindustriesland-assets/#post-5050166 Tue, 16 Apr 2019 04:14:20 +0000 It is not a useful measure of productivity. These are commercial assets and valued on their capacity for output.

Capacity for production is determined by several factors (planning controls):
Zoning: A property with a IN1 zoning (general industrial) would be more valuable than one with and IN2 (light industrial) zoning as the types of uses are…[Read more]

]]> 7d9955767d84508c11863be8538d25c8 Scott No Mates replied to the topic Commercial Property investing in Austraia in the forum Commercial Property https://www.propertyinvesting.com/topic/5048896-commercial-property-investing-in-austraia/#post-5048946 Sat, 26 Jan 2019 12:05:53 +0000 Traditionally the majority of investors in this area were the unlisted property trusts (insurance companies, investment houses, Banks etc) who had a grade CBD assets.

Nowadays, superfunds have a large stake and anyone with money in a fund probably has some exposure.

Lower value assets (sub-$10m) are owned either directly or indirectly biz mum…[Read more]

]]> 0708a79b64dfe713c71ac652e182bf2d Scott No Mates replied to the topic Land For My Shipping Containers in the forum Help Needed! https://www.propertyinvesting.com/topic/5036796-land-for-my-shipping-containers/#post-5037058 Tue, 23 May 2017 14:06:14 +0000 You’ll need land zoned residential for it and to submit a DA as many councils will call putting a container on a pad development.

Lease will need to cover: Rates, Services, Land tax (if applicable) and any work required to make the site ready for you to occupy eg getting power pole/switchboard, sewer/water meter.

So assuming rates @ $2000/yr,…[Read more]

]]> 1e6d4c9b57889d826da9fbd31def8c2f Scott No Mates replied to the topic Commercial rent default insurance? in the forum Commercial Property https://www.propertyinvesting.com/topic/5029602-commercial-rent-default-insurance/#post-5031849 Fri, 16 Dec 2016 04:41:28 +0000 @tim George – & your point is???

]]> bd85c7610d14cf6c567b92a047c7a3c7 Scott No Mates replied to the topic Commercial rent default insurance? in the forum Commercial Property https://www.propertyinvesting.com/topic/5029602-commercial-rent-default-insurance/#post-5031849 Fri, 16 Dec 2016 04:41:28 +0000 @tim_George – & your point is???

]]> 6a4766578836c51d5551d4cc7edb5f6d Scott No Mates replied to the topic Commercial rent default insurance? in the forum Commercial Property https://www.propertyinvesting.com/topic/5029602-commercial-rent-default-insurance/#post-5031849 Fri, 16 Dec 2016 04:41:28 +0000 @timGeorge – & your point is???

]]> 1e6d4c9b57889d826da9fbd31def8c2f Scott No Mates replied to the topic Commercial rent default insurance? in the forum Commercial Property https://www.propertyinvesting.com/topic/5029602-commercial-rent-default-insurance/#post-5031849 Fri, 16 Dec 2016 04:41:28 +0000 @tim George – & your point is???

]]> 0785a52af1f9899e5eced0e8b4b4a2a8 Scott No Mates replied to the topic Pre-cast concrete construction in the forum Finance https://www.propertyinvesting.com/topic/5030332-pre-cast-concrete-construction/#post-5031017 Fri, 04 Nov 2016 10:14:30 +0000 It may not affect finance however there are some construction quality issues if poorly executed.

]]> 4bf3eb2a10dcdd7f52e024d171eedb45 Scott No Mates replied to the topic Zones in the forum Help Needed! https://www.propertyinvesting.com/topic/4383387-zones/#post-5031015 Fri, 04 Nov 2016 10:04:20 +0000 Goober is your friend – use the force it will guide you.

]]> 54631debb31d1cfeb5b381ab8c991250 Scott No Mates replied to the topic Seeking Business Partner - Real Estate - Property Management! in the forum Help Needed! https://www.propertyinvesting.com/topic/5030997-seeking-business-partner-real-estate-property-management/#post-5031014 Fri, 04 Nov 2016 10:01:35 +0000 ?? Any clues?

]]> 8485e2d95a6866a1a0ad4a7e43d38237 Scott No Mates replied to the topic Contract clause - wet days in the forum Help Needed! https://www.propertyinvesting.com/topic/5031012-contract-clause-wet-days/#post-5031013 Fri, 04 Nov 2016 09:59:51 +0000 What is the definition in the contract? The Master Builders Association put out a schedule of wet days. Get the builder to use a MBA OR HIA or Fair Trading contract not their own contract.

]]> 25f891571221193c755696822933774b Scott No Mates replied to the topic Slef Managed Super and Commercial Real Estate in the forum Commercial Property https://www.propertyinvesting.com/topic/5030854-slef-managed-super-and-commercial-real-estate/#post-5030950 Mon, 31 Oct 2016 23:12:21 +0000 @rocky, obviously smsf has its advantages especially if you’re close to retirement or can access via transition to retirement. Its one way of keeping access to higher returns in a long retirement paying low tax. Issues may arise in later years when you’re subject to larger compulsory drawings and you may need to sell.

Tax and legal advice should…[Read more]

]]> 56c50c4997cfcbe46ccbcc1e63daabcc Scott No Mates replied to the topic Dual occupancy: 2nd hand house: need Help in the forum Value Adding https://www.propertyinvesting.com/topic/5030206-dual-occupancy-2nd-hand-house-need-help/#post-5030453 Wed, 12 Oct 2016 07:49:01 +0000 I’d suggest that you contact one of the house removalists to assess the block and their stock.

]]> ffb449844bec24637f135d9d2bb73514 Scott No Mates replied to the topic Looking for a Laborer in Brisbane in the forum Value Adding https://www.propertyinvesting.com/topic/5030066-looking-for-a-laborer-in-brisbane/#post-5030079 Thu, 29 Sep 2016 12:53:11 +0000 Paying cash ie not declared is an offence and should be discouraged.

What happens if he has an accident?

]]> b4eff717278438192eee06b53f022183 Scott No Mates replied to the topic Looking for a surveyor to build a carport in Brisbane in the forum Value Adding https://www.propertyinvesting.com/topic/5030068-looking-for-a-surveyor-to-build-a-carport-in-brisbane/#post-5030075 Thu, 29 Sep 2016 10:33:05 +0000 Why do you think you need a surveyor to lodge a BA?

Council can order the demolition of the structure.

]]> 2350cea49a4c7ff0f6b3e6732850d7f8 Scott No Mates replied to the topic Maintenance on multi tenant properties in the forum Commercial Property https://www.propertyinvesting.com/topic/5029992-maintenance-on-multi-tenant-properties/#post-5030050 Wed, 28 Sep 2016 11:20:29 +0000 In some cases a net lease will require contributions to repairs and maintenance but in all cases excluding replacement, structural repair or upgrades. Eg. Repairs to leaking fittings, air conditioning service etc.

]]> ea70aabfed5cf38997550c9e44c97212 Scott No Mates replied to the topic Maintenance on multi tenant properties in the forum Commercial Property https://www.propertyinvesting.com/topic/5029992-maintenance-on-multi-tenant-properties/#post-5030050 Wed, 28 Sep 2016 11:20:29 +0000 In some cases a net lease will require contributions to repairs and maintenance but in all cases excluding replacement, structural repair or upgrades.

]]> 00406410e2a52d1f25f737c36b2a03c8 Scott No Mates replied to the topic Commercial property Lawyers and Accountants - Brisbane/Gold Coast in the forum Commercial Property https://www.propertyinvesting.com/topic/5028754-commercial-property-lawyers-and-accountants-brisbanegold-coast/#post-5030026 Tue, 27 Sep 2016 21:35:27 +0000 What’s the scope for the solicitor? New lease, handling the purchase or review the lease?

]]> 42a8b839a25f2df846e5c1fc37b2eb88 Scott No Mates replied to the topic Maintenance on multi tenant properties in the forum Commercial Property https://www.propertyinvesting.com/topic/5029992-maintenance-on-multi-tenant-properties/#post-5030023 Tue, 27 Sep 2016 13:22:26 +0000 Depends on what is in the lease.

]]> 004de0de0c36585fb2e2fdf575c4198b Scott No Mates replied to the topic Buy property behind an aquatic centre in the forum General Property https://www.propertyinvesting.com/topic/5029954-buy-property-behind-an-aquatic-centre/#post-5029955 Fri, 23 Sep 2016 09:54:35 +0000 – Parking issues
– If It’s owned by council, they don’t have to pay for fencing in some states
– noise, check operating hours and their DA. You don’t/may not want boot camp at 600am Sunday mornings
– the lovely smell of chlorine or heating gas

]]> 17ac2c1c10ea90da3f18caa7ac9d98da Scott No Mates replied to the topic Charter Hall long WALE REIT ? in the forum Commercial Property https://www.propertyinvesting.com/topic/5029898-charter-hall-long-wale-reit/#post-5029935 Thu, 22 Sep 2016 02:08:45 +0000 Generally REITs trade at a discount to net tangible assets.

Cashflow is pretty stable.

You’ll need to understand the tenancy profile to determine whether there are any significant expiries which may impact on returns.

Are there quality tenants in the mix?

]]> 60888ef5e2f66f4ea037b001f547f014 Scott No Mates replied to the topic Calculating proportion of CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/5029828-calculating-proportion-of-cgt/#post-5029853 Sun, 18 Sep 2016 22:00:41 +0000 @Terry_w – I missed that it was lessed from inception so no ppor exemption applies.

@adam_Sweeny – why so keen to sell after 2 years? Have you considered all of your other options?

]]> 8560fe9cb0a898b651d859b2eea682a6 Scott No Mates replied to the topic Calculating proportion of CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/5029828-calculating-proportion-of-cgt/#post-5029844 Sun, 18 Sep 2016 10:20:28 +0000 Nil provided that this was your only ppor and that you rented or didn’t own & claim your other place as your ppor.

]]> d3f9acd415521b027f631ce9ddf7363f Scott No Mates replied to the topic Would Hills Shire Council allow subdivisioon of 940sqm block with 30m width? in the forum Value Adding https://www.propertyinvesting.com/topic/5029821-would-hills-shire-council-allow-subdivisioon-of-940sqm-bloack-with-30m-width/#post-5029823 Sat, 17 Sep 2016 11:04:59 +0000 Read the LEP or speak with a town planner.

]]> d996d8dba971ccfa822056befbdf7d96 Scott No Mates replied to the topic Would Hills Shire Council allow subdivisioon of 940sqm block with 30m width? in the forum Value Adding https://www.propertyinvesting.com/topic/5029821-would-hills-shire-council-allow-subdivisioon-of-940sqm-bloack-with-30m-width/#post-5029823 Sat, 17 Sep 2016 11:04:59 +0000 Read the LEP or sleak with a town planner.

]]>