It is essential when setting out to find a property to do your research. Sure a Buyers Agent and Buyers Advocate should have the majority of information on tap for the suburbs and cities they focus on, however to yield the best results it pays to do your own research and identify some key suburbs/towns you would like to explore further. Don’t fall risk to staying focused on the area you live in just because you are comfortable living there, your potential renter pool may not feel quite so strongly and this will be reflected in your rental income.
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Body Corporate and Community Management and Other Legislation Amendment Act 2010 (Queensland)
Body Corporate and Community Management and Other Legislation Amendment Act 2010 was passed on the 6 April 2011 with commencement beginning from the 14 April 2011. Changes to the disclosure regime under the Body Corporate and Community Management Act 1997 (Queensland) (BCCM Act) apply to contracts both issued after 14 April 2011 and to contracts already issued to proposed buyers, but not yet signed by both parties by 14 April 2011. The changes relating to lot entitlements also takes effect from the 14 April 2011, whilst changes relating to two-lot schemes will commence on a later date to be fixed by proclamation.
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