Hi Vyaw,

Well, it looks like the 2.5% (add GST to that, so 2.75%) IS still the norm in Qld eh?   So that would save you $10k if you run with an agent who isn’t wanting to stiff you for 3.5% like the one you first tried.

Benny

Hi Vyaw,

Back in the day (pre-GST days – circa 1990’s) the word in Brisbane was “Add $18k to the Sale Price then take 2.5% of that total”.  The wording went something like “That is the maximum amount an RE agent can charge for a property sale”.   Naturally enough, the maximum became the norm over time.   Even though the word was “you may nego…[Read more]

Another thing that tends to be overlooked/ignored by reporting media is the relevance of the Covid death rates.  Aussie’s death rate is WAY low compared to other nations – thus we should be able to get back to business sooner.

Instead, let’s look at a nation who is currently seeing a really high death rate – the USA.  From what I’ve learned, t…[Read more]

Another thing that tends to be overlooked/ignored by reporting media is the relevance of the Covid death rates.  Aussie’s death rate is WAY low compared to other nations – thus we should be able to get back to business sooner.

Instead, let’s look at a nation who is currently seeing a really high death rate – the USA.  From what I’ve learned, t…[Read more]

Hi Steven,

Thank you – that is the bit I was missing – that makes sense to me, and now the 15 minutes sounds more reasonable.  Obviously then, the onus remains on us to keep our distance as was always the case.  The app was never going to keep us safe – more like an insurance policy that kicks in when an affected “someone” has been near us for l…[Read more]

Hi Steven,

Thank you – that is the bit I was missing – that makes sense to me, and now the “15 minutes” sounds more reasonable.  Obviously then, the onus remains on us to “keep our distance” as was always the case.  The app was never going to keep us safe – more like an insurance policy that kicks in when an affected “someone” has been near us f…[Read more]

Well, with a little more time having passed, in Qld the State Govt has begun re-introducing some activities that had been locked down.  i.e. We are now allowed to visit a beach or a park, can take a trip up to 50Km from home (rather than just “stay home” as has been the message).  Re the Rest Home that we like to visit, they are now allowing f…[Read more]

Well, with a little more time having passed, in Qld the State Govt has begun re-introducing some activities that had been locked down.  i.e. We are now allowed to visit a beach or a park, can take a trip up to 50Km from home (rather than just “stay home” as has been the message).  Re the Rest Home that we like to visit, they are now allowing f…[Read more]

Hi Azalia,

Thanks for having a go.  I agree with all you say re the app.  However, the tenet of my question is around that “15 minutes” and its validity.  I don’t see why they chose 15 minutes as the “key timeframe” to measure.  It just seems wildly wrong, even inadequate, to me (see my whole spiel re my concerns).

e.g. I wouldn’t want to be wit…[Read more]

Hi Property Boy,

I know nothing of Vic’s laws, but we had a similar moratorium mentioned in Qld (being unable to evict a tenant).  When the law actually passed I heard it was NOT stopping landlords from taking back property to reside in, or for other lawful reasons (e.g. selling, tenant damaging property, etc) – but only to prevent a landlord…[Read more]

Hi propertyboy,

   “I hope the government is reasonable on this.”

Yep, me too – I’d recently heard the comment that commonsense is also in lockdown, and, though sarcastic, it did make sense to me at the time !!  Was it to do with Govts?  Not sure – I think it was more to do with the hoarding/blackmarketing of toilet paper.

From where I sit, I wou…[Read more]

Hi Cathy,

I believe the person Steve was referring to back then was Derek Gehl.  Derek was often a speaker at Steve’s Mega Conferences back then.  If you do a Search for that name you will find lots of posts, some of which include links to Derek’s website.

Benny

Hi CMS,

Thanks for your VERY informative post.  I do take your point re “be cautious about retaining a loss”, and I admit my thoughts at the time of posting didn’t cover “How do you get to finalise a loan where a sale doesn’t cover the full mortgage” – I was simply assuming Anton WAS able to settle things with the lender, and that losses…[Read more]

Hi Cathy,

Welcome to you too.  And Ouch!!  Sorry to hear of your loss, but good to hear you are moving on – I’m sure that couldn’t have been an easy decision.

Hopefully some of the thoughts I shared with Anton will be useful to you too.  But then, maybe you are already a full bottle on all of those anyway.   Perhaps you can share with Anton how…[Read more]

Hi Anton,

I’m sure you are not alone in having taken advantage of “good times” during the mining boom, then having it all turn bad some time later.  It is good that you are here though, and I hope to perhaps turn on a light or two for you.  I see you have a few options.  That can be a curse or a friend – a curse when trying to make a decision wi…[Read more]

Hi aa236,

Thank you for respecting our place by asking first – we are all about education and we welcome discussions re property – its foibles, its successes, its legalities, its hurdles, etc.   But we don’t allow adverts for properties for sale at this time.   Welcome aboard anyway, and do join in on the various discussions that occur.

Benny