Better late than never from Sydney.

Discussion in 'Introductions' started by Sharky, 20th Jan, 2017.

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  1. Sharky

    Sharky Active Member

    Joined:
    20th Jan, 2017
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    Location:
    NSW
    Hi all,

    I'm in my late 20s, and have been watching this property boom for a number of years. A few years ago I lost out at an action by $5,000 (winning bid was $535,000!) and thus stepped away from the property market till now.

    Keen to learn as much as I can, reading this forum lately on my 1 hour train ride to and from work.

    I thank this forum already for provided much needed advice so far.


    -S
     
    Sharky, 20th Jan, 2017
    #1
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    18th Jun, 2015
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    3,980
    Location:
    Canberra, Brisbane and Sunshine Coast
    Welcome aboard :)

    Shame about missing that Syd property by $5k :-(

    Cheers

    Jamie
     
    Jamie Moore, 22nd Jan, 2017
    #2
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  3. dabbler

    dabbler Well-Known Member

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    Sid en e - olympic city
    Endless good info here, good way to spend spare time, lot of nice people too :)
     
    dabbler, 22nd Jan, 2017
    #3
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  4. Gockie

    Gockie Life is good ☺️ Premium Member

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    Location:
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    Welcome @Sharky. Now I noticed you called this thread "Better late than never." But you are only in your late 20's!
    Now, I also missed a boom, the boom around 2000. Now you know what you missed, at least you know for the next one. Continue to educate yourself!
    And try to go to the meetups. :)
     
    Last edited: 23rd Jan, 2017
    Gockie, 22nd Jan, 2017
    #4
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  5. Sharky

    Sharky Active Member

    Joined:
    20th Jan, 2017
    Posts:
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    Location:
    NSW
    Without starting another thread:

    I have a keen interest in a particular property in NSW, and was able to negotiate a price which both parties are happy with, however before proceeding I had a quick run through the contract (and will also run it by my solicitor) in regards to the section "Easements and Restrictions as to user intended.... Section 88B" .

    My plan with this property is to erect a granny flat, in one of the lines it mentions:

    "Not more than one main building shall be erected or permitted to remain on the land hereby burden and no such main building shall be used or permitted to be used other than as a single private dwelling house."

    It may just be my lack of knowledge, does that refer that a granny flat can not be erected? I've spoken to a surveyor in regards to having a granny flat in general, and they mention the land size and everything will permit it.

    I just wanted clarification before proceeding.


    Many thanks.
    S
     
    Sharky, 23rd Jan, 2017
    #5
  6. Gockie

    Gockie Life is good ☺️ Premium Member

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    Location:
    Sydney
    My feeling is that a granny flat doesn't count as as main building, its always a secondary dwelling, but please check with your solicitor.
     
    Gockie, 23rd Jan, 2017
    #6
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  7. skater

    skater Well-Known Member

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    Location:
    Sydney? Gold Coast?
    This :)
    There's one at Wenty Leagues this Wednesday night. It's a great place to network.

    That's my take as well.
     
    skater, 23rd Jan, 2017
    #7
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