PropertyInvesting.com | bellz | Activity

bellz replied to the topic Penalty interest on property Stamp duty in the forum General Property

Wed, 26 Jan 2011 12:38:38 +0000

In Qld, if stamp duty is not paid on time (ie within 30 days of an unconditional Contract, or 30 days from the date it becomes unconditional) penalty interest to OSR is payable. Can't remember what the current interest rate is though.

bellz replied to the topic Can anyone recommend a good conveyancer in queensland and cost in the forum Legal & Accounting

Fri, 24 Sep 2010 11:28:14 +0000

Ring around and get some other quotes. If the $1,200.00 is just for costs, seems on the high side to me. If its with outlays included, would probably be quite good.

bellz replied to the topic Renting out my first home, what can I claim? in the forum Legal & Accounting

Sat, 03 Jul 2010 05:22:24 +0000

I would check on the length of time the property will be a rental before you move in – in Qld you can only rent a PPR to an existing tenant (or the seller) for 6 months after settlement.

bellz replied to the topic Settlement Instructions to Solicitors in the forum Legal & Accounting

Sat, 17 Apr 2010 12:06:26 +0000

If you are buying that sounds fine, but it is not up to the solicitor/conveyancer to do the pre-settlement inspection – that is a buyer's responsibility. I am a paralegal and we never do pre settlement inspections – we don't get paid enough for that lol!!!

bellz replied to the topic FHOG eligibility in the forum Help Needed!

Mon, 29 Mar 2010 11:16:40 +0000

Hi,From my understanding, you would not be eligible as you would have previously owned a property.

bellz replied to the topic Buying a repo property in the forum General Property

Fri, 19 Mar 2010 13:18:02 +0000

We purchased our first house (PPR) in 1996 from a mortgagee in possession.I'm a conveyancing paralegal, and obviously did all the legals myself when we purchased. The day we settled, the bank's solicitors said to me "whoever got this house got a good deal, it still owes the bank quite a bit". I used to wonder if the bank got the rest of their m…[Read more]

bellz replied to the topic Vendor is not letting me terminate the contract after Building inspection in the forum Legal & Accounting

Fri, 19 Mar 2010 13:02:28 +0000

From your post about "the buyer must act reasonably" – is the property in Qld?I would say you are being reasonable if the house has issues such as you have described, but it would also depend on whether they have changed the terms of the building/pest inspection clause to limit to "structural defects" like a previous poster has said.Can you get…[Read more]

bellz replied to the topic Great Investment Property - Would you buy it? in the forum Help Needed!

Sat, 06 Mar 2010 11:44:10 +0000

If its at the Anaconda end, it is in a better area than where I had originally thought, but it has me stumped as to why it is listed as Caboolture South when Anaconda is definitely Morayfield. What is the street name where the house is?

bellz replied to the topic Great Investment Property - Would you buy it? in the forum Help Needed!

Sat, 06 Mar 2010 10:27:02 +0000

Is this property off Torrens Road at Morayfield? If so, Moreton Bay Regional Council will have it rated as Caboolture South and not Morayfield when I agree that it is really Morayfield.If it is in the one of the streets off the Morayfield Road end of Torrens Road, they would have to pay me to live there, so I would be hard pressed to buy there…[Read more]

bellz replied to the topic Help needed. Sold house but purchasers have gone past finance date in the forum Finance

Thu, 24 Dec 2009 09:22:07 +0000

Hi – I work in conveyancing in Qld. Pre-approvals are all well and good, but really aren't worth much at all. A buyer needs to have full unconditional finance approval. Here in Qld, you are not entitled to the deposit if the buyer has not approved finance – your only option is to terminate the Contract for their failure to provide evidence of…[Read more]