澳洲Australia property Another odd Sydney property for sale. | S


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


I wonder what this one will go for.

http://smh.domain.com.au/chance-to-give-rundown-houseboat-a-new-lease-on-life-20120703-21fit.html  

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Very odd indeed. 40 year lease with rental payment of 3700 per annum plus cost of buying new houseboat. So that's 160k in rent over the 40 years at the least. Would want to see what the escalators are in the lease.

Running cost of a boat is roughly 10 percent of the purchase price per annum. A houseboat is a boat in my books.

So some big big operating costs. Is there rental demand that would cover the costs and provide a decent return? Dunno.  

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Now thats what I call a 'sea change'.  

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Interesting poll running down the bottom for how much it should go for.  

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boomtown said: ↑
Running cost of a boat is roughly 10 percent of the purchase price per annum. A houseboat is a boat in my books.Click to expand...
Yes it's a boat but it won't need slipping every six months. :)

Interesting whether it needs registration, and whether the owner will need to have a boat license... would WaterWays drop around every now again and give you a breath test and check your fire extinguishers and pfds? When you invite friends around for dinner do they need to bring their own grog and a life jacket?

It just gets funnier the more I think about it.  

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livewildcard said: ↑
Interesting poll running down the bottom for how much it should go for.Click to expand...
I guess there are 2 components: the house boat itself, and the right to the lease from Waterways.  

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It's not really a 'boat'. More a pontoon. The value is in the lease, not the structure i.e. the opportunity to live there. The pontoon itself would be worth very little and I suspect there would be a clause preventing it being replaced with another (bigger or better) pontoon.  

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Well she paid 123k 29 years ago. That's big dollars in 1983. So you would have to think some fool will pay a million for it.  

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Wonder what the boat was like when she first bought it?  

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