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    Is it worth thinking of subdivision

    Hi, Just wondering if anyone knows whether subdivision is possible on non-rectangular blocks in VIC. This house is in Noble Park with plenty of land available at the back but the issue is the block is diamond shaped at the rear. I am attaching a diagram (image link) of some key measurements of...
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    Extension room

    Adjoining the bedroom of my house is an extension room which has a flat roof (does not have roof tiles). The house (including the bedroom) is standard BV with roof tiles. Currently there is no heating and cooling in both the rooms and I'm considering to put one, mainly the extension room is...
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    Floor polishing recommendation - SE Melbourne

    Hi, Can someone recommend a cost effective floor sander and polisher in SE suburbs Melbourne which you have used and happy with the results. Can you also share how much they charged. I am looking for the results like in the attached link. Is it something special they have done (like tinting or...
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    Risks of not doing B&P inspection

    Hi all, I wasted money on B&P inspection of a property earlier which was underquoted at 300K+ auction and come the auction day, reserve was known to be 350K. Had I known the property was outside my budget, I would not have spent $650 on B&P in the first place. Having burnt my hands, now I am...
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    Taxi business

    Hi all, I have a full time job and earning around 100K+ and currently paying a lot of tax as I have no investment. I am planning to buy a taxi plate so analysing first, if it will be any useful. I am planning to start this business with a partner who is a taxi driver and who will be...
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    Offset or More deposit

    Say you are planning to buy a $300K house and have $90K deposit + extra cash for non-home related expenses. Is it better to 1. Put 30% deposit (90K) and take 70% loan 2. Put 20% deposit (60K) and take 80% loan, and put the remaining 30K in the offset account. Which approach of the two will...
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    Fence

    I am looking at a prospective property for PPoR which has a clause on the title that cannot build front fence higher than 3 ft. The property isn't a corner one and the clause seem to be there since the subdivision 50 yrs ago. Now because the front yard is large and backyard little, I was...
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    Executor Auction - What to look for

    Planning to buy a property off executor auction but unsure what questions to ask and what areas to look in contract to uncover the tricky bits 1. As I understand it can be a deceased estate or bank respossession, are there any other categories as well. 2. What are the risks to the purchaser...
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    Whether to make first bid or not?

    Take this scenario Say the value of the property seems to be $320-330K based on recent comparable sales A buyer Mr.X has intelligence that the response to the auction is going to be lacklusture. Say 3 parties turn up to the auction. The auction starts with the declaration of the reserve price...
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    Epping / South Morang - Infrastructure proposals

    Hi all, Yesterday I was searching some properties over the internet for PPoR in Epping/South Morang area and shortlisted some. Today did some more research and to my surprise all the properties ended up being close to the proposed E6 freeway:eek: (around the Darebin Creek). Did some more...
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    Refind price different than listing

    Hi all, I am using refindhouseprices dot com as my price research tool. However, sometimes the price reduction shown on the refind listing profile does not appear on the orignial RE or Domain listing Case in point: http://www.refindhouseprices.com/viewad/8998578/2/1474%20North%20Road...
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    Montbrae estate, SE suburbs

    Any feedback on socio-economic aspect of Montbrae Estate near Narre Warren North. A lot of big land blocks seem to be on sale and prices are average (given its location next to freeway and Fountain Gate). Is there any catch which I cannot make out :D
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    Building house on uneven land

    Hello all, I came across this piece of land and another one http://www.realestate.com.au/property-residential+land-vic-ferntree+gully-2731454 which seems to be affordable given its size and location. But I was wondering what problems will those dugouts,trees and uneven patches cause, if...
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    What if you can't pay off

    G'day all, I'm new to Australia so pardon my ignorance. Just trying to understand what happens if you take a 15 yr loan and suddenly after 2 yrs crisis hits and you can't repay the loan back. Some scenarios of such crisis can be that you lose your job, main earner dies, you need to leave...
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    looking to buy

    I am a first time buyer with a budget of 220-240k and want to buy a house in Melbourne. Can you help me with these questions 1. Is it true that I can get only maximum 7k as FHB grant. 2. I prefer to live in a 3BD house, what areas should I target (i can live anywhere except Sunshine precincts)...
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    New suburb in Melbourne

    The suburb of Toolern will be developed near Melton and will house 55,000 people http://www.abc.net.au/news/stories/2010/10/30/3052720.htm Anyone having more details about its location and future plans.
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    Impact of students exit on rentals

    With more and more international students leaving Melbourne and future enrollments reduced by half (due to immigration laws and gang attacks). Do you think it will have negative impact on rentals and hence property investment in coming future Few articles regarding the same Melbourne feels...
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