Search results

Hi Guys, Family member looking to purchase land in Strathmore and build. The contract has a special condition that says "the property or parts of the property may be filled and contain rock. In the event that it does you will be responsible for payment of removal. If you have...

My dad purchased a brand new townhouse in Clayton South from Austcorp a couple of years and recently received a letter from the sro that Austcorp had defaulted on their land tax on the property and dad owes them $4.5k as the current owner of the property. Apparently Austcorp had collapsed not...

There was a leak from next door neighbour's toilet cistern and it's causing some damage to our carpet and underlay (it's a shared wall townhouse). The next door property is tenanted and the property manager has indicated that the owner won't pay for it. It's not a big damage (a few hundred $$$)...

Hi we are considering getting a small 1br/studio apt for our next IP. I remember reading that the banks don't like something smaller than 50m2 for finance? Is that 50m2 still the rule of thumb?

Does anyone here have experience flipping OTP purchase (to settle in 2months) with the current contract stating '[name] and/or nominees'? What kind of cost will be involved? Will there be additional stamp duty if we have a different contract with someone else and nominate them for the purchase...

Just curious how much life insurance cover you guys have and do you think you have enough cover. I know asking how much is enough is like asking how long is a piece of string as everyone has different situation and expectation. Anyway, I'll start. I currently have only $225k cover on life...

http://www.theage.com.au/national/population-explosion-triggers-new-melbourne-boundaries-20081202-6p8n.html Melbourne population growth faster than expected. :) "The government will develop six suburban business hubs to provide job opportunities outside the CBD. Suburbs earmarked for...

We settled on our first IP on 31st Jan and agreed to let the existing tenants stayed on at the old rental price on periodic basis. The current rental is extremely cheap for 3br in the area but we didn't want to risk the property being vacant at settlement as cashflow was very tight then. We...

Anyone know that area well? There are some brand new terrace houses right next to Westall station selling for 450k-500k range. My dad from overseas went to have a look and liked it. Honestly I personally don't think it's worth that much with land sizes around 200-270m2 and around 20km out of CBD...

Hi, a quick question from those who know the rules or have done it before. We bought our PPOR four years ago with 214k loan on it. We have been pumping extra repayments into the loan itself (not an offset account, didn't have one) and had the balance owing down to 98k before we refinanced the...

Having purchased our first IP in Maribyrnong recently we have been following the prices in the area with interest. A couple of auction results from yesterday surprised me...