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If a propoerty is sold at auction and the Contract has been signed by the purchasers, are the vendors legally bound by the Contract to the sale (the vendors have not yet executed)? Is there is an "escape clause" for the vendors to pull the sale or not proceed?

This is not really investment related, but... If someone makes a contribution for a "lifetime interest" in a granny flat (or similar), is this amount assessable for tax for the persons(s) that received the contribution?

Looking at buying a new PPOR with ~50% deposit, drawing down on the equity for renos and having the property revalued after to access some more of the equity for my first IP. I was considering using a LOC in both instances (renos and IP). Any particular lenders I should look at for this...

Hopefully some simple questions... If you have a "tenants in common" title with three parties (non-equal split) are all three parties required to be on the loan also? If so, can LOC(s) be setup in two of the parties names, or again, are all three required?

Hi, I'm just starting out hoping for some thoughts and guidance. My situation is essentially as follows (values are conservative): PPOR1 value 420k owe 340k PPOR2 value 500k owe nil No other loans, CC etc We are looking at a new place due to family needs and expect this to be...

The usual story - long time reader, first time poster. My wife and I currently have a PPOR (value 410k, owe 308k). We've found a new house that's perfect for our expanding family and would like to keep the PPOR and convert to an IP, but need some guidance with the following: Is there...