PropertyInvesting.com | Andrew Lee Lawyers | Activity https://www.propertyinvesting.com/members/andrew-lee-lawyers/activity/ Activity feed for Andrew Lee Lawyers. Tue, 14 Apr 2026 23:20:55 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a635d2773d61d1121665dc4c9d2ccc63 Andrew Lee Lawyers replied to the topic Some interesting information on lending criteria of the banks, especially for NRAS properties in the forum General Property https://www.propertyinvesting.com/topic/4404699-some-interesting-information-on-lending-criteria-of-the-banks-especially-for-nras-properties/#post-4655659 Tue, 13 Sep 2011 02:04:26 +0000 Yes I saw that article. Looked into it, but haven’t gone further.
That would defeat the purpose of the scheme if the banks wont finance it.

]]> 67452835efa5e7a3079a89d1cc1685f7 Andrew Lee Lawyers replied to the topic Stamp duty concession to be axed for First Home Owners in NSW in the forum General Property https://www.propertyinvesting.com/topic/4404693-stamp-duty-concession-to-be-axed-for-first-home-owners-in-nsw/#post-4655629 Tue, 13 Sep 2011 02:01:36 +0000 My brother relocated to Melbourne to build a new house and take advantage of the generous grants they were offering. He told me around $32k for first home owners. I haven’t checked it up though.

]]> 5a6844778ac043be3b95f3bc01130ef3 Andrew Lee Lawyers replied to the topic Stamp duty concession to be axed for First Home Owners in NSW in the forum General Property https://www.propertyinvesting.com/topic/4404693-stamp-duty-concession-to-be-axed-for-first-home-owners-in-nsw/#post-4655627 Mon, 12 Sep 2011 04:22:25 +0000 If we had a crystal ball, that would help.

Supposedly that would increase demand for newer properties. The govt is throwing money left right and centre at, to stimulate the building sector. Even now you don’t need to be a first home buyer to get the exemption for new properties. Developers will be singing.

]]> e9d63915d2bd4d246b0ad46b121f7c28 Andrew Lee Lawyers replied to the topic In-room auctions? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393503-in-room-auctions/#post-4589013 Mon, 01 Aug 2011 07:04:23 +0000 I have been to a few. There is a lot of atmosphere, and sometimes they do get a little crowded. Some people attend for market research rather than to do any bidding.For some buyers, they may be interested in more than one property. If they miss out on one, they can bid in the next one. I have bought one that way.You might get more bidders than at…[Read more]

]]> 51144863c9f21df69127900e4752e4bb Andrew Lee Lawyers replied to the topic Looking too find information of joining an investment group? in the forum Hawk, Sounds like you will https://www.propertyinvesting.com/topic/4404333-looking-too-find-information-of-joining-an-investment-group/#post-4653074 Mon, 01 Aug 2011 06:08:08 +0000 Hawk,Sounds like you will need to treat it as a business enterprise.Whether you do it as a partnership, or through some company, you will need to have clear guidelines and parameters on how the investment will be managed. Each member really should have an independent lawyer, accountant and other advisers.You may also want to speak with a broker on…[Read more]

]]> 978a74f6c968f17d98b072e7ef02c808 Andrew Lee Lawyers replied to the topic Mackay, QLD or Singleton, NSW? 60K to invest! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404350-mackay-qld-or-singleton-nsw-60k-to-invest/#post-4653185 Mon, 01 Aug 2011 05:58:32 +0000 Not sure how much you will get with 60k? Did you mean 600k?

]]> 64d64a8fe84dd96e221ce48b03cd76a6 Andrew Lee Lawyers replied to the topic Buying Air space. in the forum Creative Investing https://www.propertyinvesting.com/topic/4404138-buying-air-space/#post-4651222 Wed, 13 Jul 2011 03:34:40 +0000 Huh, Burlesque. Didn't like the movie.As if someone would pay millions of dollars on the last minute, to save a theatre.not really believable.

]]> 37399c84f1be11adbc211584ff5e949b Andrew Lee Lawyers replied to the topic Rent vs Buy a home in the forum General Property https://www.propertyinvesting.com/topic/4403591-rent-vs-buy-a-home/#post-4647432 Fri, 01 Jul 2011 07:26:41 +0000 AGe old question. I didn't buy my first property until quite recently. I travelled a bit, and enjoyed it.Really it is what your circumstances are at the moment. I always admired some youngish early 20s person that had their own property, but later realised a lot of the times it was mum and dad looking for a way to invest and make the most of the…[Read more]

]]> 0a45a8c2d6db189e0cebfe28551f9ae1 Andrew Lee Lawyers replied to the topic Buying properties (units) in NSW liverpool ? investment? in the forum General Property https://www.propertyinvesting.com/topic/4404002-buying-properties-units-in-nsw-liverpool-investment/#post-4650262 Fri, 01 Jul 2011 05:51:24 +0000 What other forumites should also be aware of though is that unlike Dulwich Hil or other areas, Liverpool has one of the highest population growth anywhere in Australia. At one stage something like 20% growth.Add on top of this the development of Liverpool hospital as one of the major hospitals in the Southern hemisphere, and the city being…[Read more]

]]> 04d95a55e72fd88b3642a6a7e48a8075 Andrew Lee Lawyers replied to the topic How to protect myself when we put IP in husbands name only in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404030-how-to-protect-myself-when-we-put-ip-in-husbands-name-only/#post-4650543 Fri, 01 Jul 2011 05:39:31 +0000 Andrea, That's fine. Feel free to field any general queries.Terryw Thanks for the thumbs up.

]]> cc8e997e038019035ca19ec637716c83 Andrew Lee Lawyers replied to the topic Property with 9 bedrooms in the forum Help Needed! https://www.propertyinvesting.com/topic/4404072-property-with-9-bedrooms/#post-4650786 Fri, 01 Jul 2011 05:01:29 +0000 Scotty, You mean a "short stay" motel? Funny they don't have too many of them here.Minimum is half a day, and only about $20 less than a full day.A client of mine owns a motel, and he says he only gets the cleaners in at the morning, so I guess you can't have a cleaner on call unless u r real busy.

]]> 565d16e2908e6fa9636aa17bd64cdd3c Andrew Lee Lawyers replied to the topic What sort of a structure should I use for a newbie property investor? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404038-what-sort-of-a-structure-should-i-use-for-a-newbie-property-investor/#post-4650601 Fri, 01 Jul 2011 04:57:40 +0000 Ahhh good ol negative gearing. If evry1 was negative gearing the govt would be broke.I wish my tax bill was 100k. That means I am making loads.Young man, go out and enjoy life. Plenty of time ahead of ya. Just buy one prop mayb around 500k, and go from there.See the world!

]]> fef64214b591cd1616a9f511fbc11dee Andrew Lee Lawyers replied to the topic Property with 9 bedrooms in the forum Help Needed! https://www.propertyinvesting.com/topic/4404072-property-with-9-bedrooms/#post-4650780 Wed, 29 Jun 2011 05:56:02 +0000 Nine bedrooms sound great. But 9 students are a lot harder to manage than one or two families.An alternative is to get a house that has a granny flat. they tend to be +ve cashflow.You can get 2 rental incomes.

]]> db5b8ed5ba8f61b716fcffa6732278b6 Andrew Lee Lawyers replied to the topic How to protect myself when we put IP in husbands name only in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404030-how-to-protect-myself-when-we-put-ip-in-husbands-name-only/#post-4650538 Fri, 24 Jun 2011 06:48:30 +0000 Andrea,To clearly achieve your goals, it would be wise to see a family law lawyer.Who is doing the conveyancing for you? A conveyancer or a lawyer?As Terry mentioned there are significant disadvantages by going on the loan.I would have thought that the bank would require your name to be on title if you are also on the loan.And yes, caveats seem to…[Read more]

]]> 228f461f3e50e9d823d8ccf14507a76f Andrew Lee Lawyers replied to the topic Is highrise apartment worth claiming deprieciation if it's 13 years old? in the forum My enquiry for a client, We https://www.propertyinvesting.com/topic/4403996-is-highrise-apartment-worth-claiming-deprieciation-if-its-13-years-old/#post-4650202 Wed, 22 Jun 2011 04:47:52 +0000 My enquiry for a client, We only require an external schedule. 2 of the properties are identical and next to each other. We can also supply photos of the internals. Someone mentioned around $220. Is that the case?Response from Qauntity surveyorsAn on-site inspection is required under ATO guidelines.   We have discounted in light of the…[Read more]

]]> 16f265f4361d489e33f4231335496cc9 Andrew Lee Lawyers replied to the topic Buying together with another party in the forum Finance https://www.propertyinvesting.com/topic/4403999-buying-together-with-another-party/#post-4650220 Wed, 22 Jun 2011 04:43:20 +0000 Ahhh should have bought the last 2 props alone. Then she can buy some more on her own.

]]> d607baa1cd114f05638ebd1b483eb265 Andrew Lee Lawyers replied to the topic Is highrise apartment worth claiming deprieciation if it's 13 years old? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403996-is-highrise-apartment-worth-claiming-deprieciation-if-its-13-years-old/#post-4650201 Wed, 22 Jun 2011 04:36:56 +0000 I've checked with Wash Brown, pretty much same quote. I guess the fact that identical, does not affect the fee too much

]]> 96ccf180fe1d7e24b4161c6c3ea6d48f Andrew Lee Lawyers replied to the topic Buying properties (units) in NSW liverpool ? investment? in the forum General Property https://www.propertyinvesting.com/topic/4404002-buying-properties-units-in-nsw-liverpool-investment/#post-4650255 Wed, 22 Jun 2011 04:00:11 +0000 Hi Startxing,Like Michael,I have not been much of a fan of OTP. My colleague however, has bought a number of units OTP and she seems quite happy with the investments.I won't say whetehr or not it is too expensive what you are paying, as I am not sure what quality the inclusions are.In any case, if you are ready to purchase, have a look around and…[Read more]

]]> 796ce8863944b59cd44003d35580c4a8 Andrew Lee Lawyers replied to the topic Positive feedback for my mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4403976-positive-feedback-for-my-mortgage-broker/#post-4650089 Mon, 20 Jun 2011 08:08:45 +0000 Yes, it is good to hear the story from a happy customer.As with some banks however, you could be requesting them the same thing 5 times and they still pretend they "didn't receive it".One bank even took some details off their letterhead, so that you had to call them "waiting for up to 45 mins" just to get their postal or fax…[Read more]

]]> eb2fc060f142a868797e3599e8ade61c Andrew Lee Lawyers replied to the topic Buying together with another party in the forum Finance https://www.propertyinvesting.com/topic/4403999-buying-together-with-another-party/#post-4650216 Mon, 20 Jun 2011 07:59:16 +0000 Hi Fredo,Yes usually if you borrow with another party, it will be jointly and severally, meaning that each of you will be liable for the full amount of the loan.Whoever are on the documents will have a "black mark' if there is a default.You would only buy with another party if you have good reasons, such as you cannot borrow on your own; or…[Read more]

]]> ad07633bb5ab8e9f901d442a90caef37 Andrew Lee Lawyers replied to the topic Is highrise apartment worth claiming deprieciation if it's 13 years old? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403996-is-highrise-apartment-worth-claiming-deprieciation-if-its-13-years-old/#post-4650198 Mon, 20 Jun 2011 05:37:11 +0000 Oh thanks, a few people referred me to BMT, and their discounted fee was $1500 plus GST for 3 properties. I almost got them to go ahead and do it.Two of the properties are identical town houses next to each other. They insisted that I get separate ones, as the furnishings might be different. I would have thought the major component (the building)…[Read more]

]]> 458f94766299e1a391d72194b0f27dba Andrew Lee Lawyers replied to the topic Self Managing Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4403890-self-managing-property-2/#post-4649520 Mon, 20 Jun 2011 03:38:03 +0000 I agree with thecrest.Not saying anything more on this thread, but sometimes does amaze me, what some people try to save on.There was one man I know, who tried saving money by painting the house himself.No safety or scaffolding, fell down 2 storeys and has been an invalid ever since.

]]> eca798774552eab53ac8ec2fd616b6fa Andrew Lee Lawyers replied to the topic If I were a millionaire.... in the forum Forum Frolic https://www.propertyinvesting.com/topic/4401254-if-i-were-a-millionaire/#post-4632179 Fri, 17 Jun 2011 07:06:15 +0000 Don't think you need a million to travel the world. You could buy an island for less than that, and a nice yacht.My first Round the World trip costed under $20k all up.My 2nd RTW trip was around $12k all up.I ain't no millionaire yet, but when I do get that, I might buy a resort or 2 on an exotic island and go stay there every winter.

]]> 9a2cdab8de6cb41a7b6f0a4ea4372fc6 Andrew Lee Lawyers replied to the topic ANZ's position on Negative Gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4403833-anzs-position-on-negative-gearing/page/2/#post-4649168 Fri, 17 Jun 2011 06:55:28 +0000 Welcome, just good to have a broader view on life I think.

]]> 5e79b13b6624a92b1ce26d14528575c1 Andrew Lee Lawyers replied to the topic Am i being ripped by my conveyancer in the forum Legal & Accounting https://www.propertyinvesting.com/topic/am-i-being-ripped-by-my-conveyancer/#post-4650046 Fri, 17 Jun 2011 06:52:01 +0000 Hi John,Sounds like a fair price to me. $990 for 3 transactions is quite cheap.Not the fact that money doesn't change hands, but how much the properties are worth is where the risk lies.I do notice that QLD conveyancing is cheaper than NSW. Not sure about SA.

]]> 1722ac81eed38a6b477f3d39da2d1221 Andrew Lee Lawyers replied to the topic Commercial Property in the forum Commercial Property https://www.propertyinvesting.com/topic/4399574-commercial-property-31/#post-4622439 Fri, 10 Jun 2011 07:53:22 +0000 Amongst my my many landlord clients, some swear they will never buy commercial again, while others love it.Had one that could only get finance for 5 year term, and had to renew at the end of 5 years.Definitely a lot more tricky and risky than residential, but if you get the right one and the right tenant, can be very profitable.We also have the…[Read more]

]]> 6c4f9bdaafd8f9455f60a9cdcf85e2e6 Andrew Lee Lawyers replied to the topic ANZ's position on Negative Gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4403833-anzs-position-on-negative-gearing/page/2/#post-4649166 Fri, 10 Jun 2011 07:30:35 +0000 Limit how many properties people own?? Good old land tax plays a part in that. (at least on a state by state basis)I have clients paying close to $30k a year for land tax. Ouch.If some people cannot afford a property, who will own it?? Of course the rich and wealthy.

]]> ef4758973d0894412c66aa59dc6a1dfc Andrew Lee Lawyers replied to the topic My situation, Who is in the know? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403887-my-situation-who-is-in-the-know/#post-4649495 Fri, 10 Jun 2011 07:14:05 +0000 Mike: Know a good accountant near Livo/ Parra?. that deals with inv props, and can do bookeeping?Benni, That is one huge coin u got.

]]> c34b3774d3f58eea495ac6c8447fe3c2 Andrew Lee Lawyers replied to the topic Property yields in the forum Value Adding https://www.propertyinvesting.com/topic/4403468-property-yields/#post-4646742 Fri, 10 Jun 2011 06:17:06 +0000 In that case, 6.5% – 8.5% gross yield for Sydney suburban townhouses should be good then…?The rent paying paying most of the interest off.

]]> 008b3cc6945cab6269c62e58630f2429 Andrew Lee Lawyers replied to the topic Self Managing Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4403890-self-managing-property-2/#post-4649516 Fri, 10 Jun 2011 05:11:41 +0000 Hi Camb,Not sure how much commission your friend will be paying you, but I always think best leave things to the professionals.They do it everyday for a living, and are up to date with the changes in the tenancy laws. They also have insurance to cover their work. With the going rate anywhere between 5% to 7%, I give all my rentals to my property…[Read more]

]]> 2f8d58ede3955ebc69da67a454ad5751 Andrew Lee Lawyers replied to the topic BUYING AT AUCTION in the forum Help Needed! https://www.propertyinvesting.com/topic/4403849-buying-at-auction-2/#post-4649264 Wed, 08 Jun 2011 07:59:14 +0000 Hi Bullsta,Anthony has noted your remedies perfectly.You really should speak to an experienced lawyer about the case.Any Court action may involve significant costs and is not easy.You should weigh the costs with the potential gain.What are the chances in recovering the loss suffered (the 10%) and any difference if the property is resold?Does the…[Read more]

]]> 1c45325ef6d23a8b2792d12d8aa4848f Andrew Lee Lawyers replied to the topic Refinancing loans in the forum Finance https://www.propertyinvesting.com/topic/4403809-refinancing-loans-2/#post-4649008 Fri, 03 Jun 2011 06:00:25 +0000 Hi Mike & Richard,Mike, Yep, you hit the nail on the head. Self employed. Funny thing is my employee can borrow more LVR than me.Yes the 3rd property is cross security with the 1st at 60%.Don't have any loans with Suncorp, and the 4th prop is instead with NAB at 60%. Wanted to bump that up a lot further up to 95%.Richard, Yes pls email me at…[Read more]

]]> ca6b3cc385d25d4cb4ffb2a24f4d0e60 Andrew Lee Lawyers replied to the topic Granny flat total set up costs???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403835-granny-flat-total-set-up-costs/#post-4649174 Fri, 03 Jun 2011 05:30:30 +0000 Hi James,I had a few quotes (from builders who were mates) last year and they were around the $80k – $90k mark.The expensive part is the site costs. The materials are make up less than 40% of the costs.If you know a few tradies, obviously labour might be significantly cheaper.I would also be interested if it can be done for around $40k all up.

]]> c1d65664887a310a0a356000c5730bf7 Andrew Lee Lawyers replied to the topic Refinancing loans in the forum Finance https://www.propertyinvesting.com/topic/4403809-refinancing-loans-2/#post-4649005 Thu, 02 Jun 2011 00:20:56 +0000 Hi Michael,The 4th prop is a 3 bed townhouse out near Liverpool. Bought it for $300k, renting for $380/week.Actually looking to sell the one next door.Cheers.

]]> 7dd3ee9cd9ef1dc27b088a3270b9e661 Andrew Lee Lawyers replied to the topic Rent Rise every 6 months..Plight of a TENANT. in the forum Help Needed! https://www.propertyinvesting.com/topic/4402872-rent-rise-every-6-months-plight-of-a-tenant/#post-4642512 Wed, 23 Feb 2011 04:34:46 +0000 Hi Free,Looks like you having it tough there. I usually sign tenants up for 12 month leases.Not too much mucking around for at least a year. Tenants seem to be happy.<moderator: delete advertising>

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