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Hi guys, I received this letter the other day in regards to our investment property that we have been renting out for short term rental: "It has come to the attention of the strata that your unit is being used for the purposes of short stay accommodation. The zoning for the building is...

Hi Guys, Can someone who would qualify for first home owners grant buy a property that is currently under a lease agreement and wait out the lease before moving in or does the property having tenants prevent them from getting the grant? Thank you!

Looked at a property twice now and have been considering it since boxing day. The listing price is $849,000, I am not really sure what my budget is finance wise because we just asked our loan guy to give us a yes or no for $800,000 so I am thinking that is my maximum that I COULD pay for the...

Hi Guys, A property that we have our eyes on has been on the market for a month at $850,000. We would like to buy it but we want as much off as possible. The property is on one of the most expensive streets in our suburb which is difficult to sell on (our current PPOR is also on the same...

Hi Guys and Girls, We bought our PPOR 2.5 years ago, were intending to stay here for 5-7 years, weren't intending to have another child. Anyway we did have another child and our 4x2 has become quite squashy. I wasn't really looking to buy but I happened to find a house that we really like, is...

Hi again, How do SMSFs work in relation to property? Do you have to have enough in there for the entire purchase amount? Are there restrictions saying that you cannot live in the property after you retire? My in-laws want to move when they retire, but I predict a lot of baby boomers doing...

Hi there, Im just wondering, people with more than say 2-3 investment properties, how do you handle the multiple rates bills every year? I have been reading magazines and they have people buying like 4 properties a year and if they are positively geared it is only slightly, so I know they...

Hi guys, I am making an offer on a sale by mortgagee property as the owner died owing some money on it. I can not for the life of me figure out this RE. He so far doesnt seem very salesy, he talked the place down and was more interested telling me the horrible history of the place than...

Hi guys, Last Tuesday a property came on the market, I called immediately and made an appointment, viewed it on Thursday along with other people. They were talking to me about it, I tried to talk down my interest. On Saturday I took my family through and they all approve. We did not make an...

Hi there, For the last few months have been busy getting our holiday rental up and running, pleased to say it has gone well and now getting $2500-4000 per month in rent, which is awesome :) I have been browsing the different websites for advertising as thus far I have only advertised on...

Hi all, I noticed some really nicely priced homes in the past week or so and they are staying on the market only for a couple of days! Some of them are priced annoyingly e.g. FROM $425,000 and in this situation what is a good amount to offer if you know that the competition will be strong...

Hello again, Our short term rental has been advertised on Stayz for a week now and I have so far had lots of enquiries and 30 nights worth of reservations... My problem is that aside from one 17 night stay (which is covering the mortgage for that month :)), the rest are 2/3 night weekends...

Hello, Just wondering when you are doing renovations on an investment property do you pay cash or do you extend your loan to pay for it? We have cash but in the form of redraw on our PPOR mortgage, since this money is currently reducing our non-deductible interest payments, would it make...

I asked my tenant yesterday if she plans to continue her lease which expires in a bit less than 2 months as my hubby told me that they had spoken to him about possibly moving on because they needed more space. Anyway she told me that they have been offered another house by a friend and plan to...

Hi guys, It is coming up to a year since we bought our first IP and I the tenants have given signs that they will be moving on out when their lease expires in 2 months. The property has the original carpet from 1995 complete with big yellow fade marks and stains in some places, the kitchen is...

Hi guys, I have finally got my 3 bed apartment prepared and ready to be rented out, I listed it on Stayz two days ago and already had booking requests for the next two weeks (which is a total surprise as it is in a place very saturated with holiday rentals - Mandurah WA - and I thought it would...

I have checked out the competition, the lowest price in the area is $78 per night, it isnt very nice, the low average is about $95 a night for a decent place. My property will only sleep 6 people however but mine will have features such as broadband, ocean views, dishwasher, close proximity to...

Hi! We just bought a place to use as a holiday rental but I am confused about whether for tax purposes this will be treated as a business or as an investment property (I have an ABN but wasnt meant to be for this)? I am also unsure of any legal requirements, like do we have to get people to...

Hello, Thought I would fish for some opinions. Today we looked at 2 places in the same suburb: 1. 3 bedroom townhouse, spacious, ducted a/c, large courtyard and balcony plus parking for 2 cars. Balcony view is of the back of a smelly resturant. The house was really larger than I was expecting...

Hello! My husband and I looked at a high rise apartment a week ago in Mandurah WA, we really liked it but did not do anything yet as we wanted to check that we could use it as holiday accommodation. Anyway the apartment is 114sqm and a 3x2, it was built in the early 80's and although it has...