Hi thefox,

Hmm, bad news – sorry to hear that. I don’t know the Canberra market, but I would think you don’t HAVE to buy at auction do you? It is far easier and less emotive to go to a Real Estate agent and write up a contract.

I’m from Brisbane and most of our sales are done through private treaty (i.e. via a contract, not an auction).…[Read more]

A new member was considering the purchase of a 1 bedder apartment, and asking for ideas surrounding this, whether good or bad.

https://www.propertyinvesting.com/topic/5027637-need-advice-with-regards-to-property-investment-in-noble-park/#post-5027637

Sam already had some reservations but wanted to hear thoughts from others – and what a good…[Read more]

A new member was considering the purchase of a 1 bedder apartment, and asking for ideas surrounding this, whether good or bad.

https://www.propertyinvesting.com/topic/5027637-need-advice-with-regards-to-property-investment-in-noble-park/#post-5027637

Sam already had some reservations but wanted to hear thoughts from others – and what a good…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Nan,
I believe it goes deeper than “before settlement or after”. My understanding is that a “repair” is only valid once a property has been receiving rental income. If you are to “repair” ahead of renting, then the cost may not be deductible except to offset any Capital Gain on sale.

I think of it like this – the ATO sees you buy a…[Read more]

Hi again,

Not that bad at all, as you then have the option (and BENEFIT) of being able to NAME it as your PPOR, and that means you may be able to enjoy a CGT exemption upon sale…. (Lots of conditions, but quite feasible).

It’s all swings and roundabouts. Main thing is that you KNOW how these all work, or take steps to FIND OUT how they…[Read more]

Hi Macc,

Sounds like the gut is pretty happy now too !! Well done !! :)

Benny

Hi King,

And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s go……

The QLD First Home Owners Grant is being boosted to $20k after July 1st 2016. Now, the catch is that…

[Read more]

Hi King,

And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s go……

The QLD First Home Owners Grant is being boosted to $20k after July 1st 2016. Now, the catch is that…

[Read more]

Hi King,

And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s go……

The QLD First Home Owners Grant is being boosted to $20k after July 1st 2016. Now, the catch is that…

[Read more]

Hi King,
<quote=5027665>I have a lot of questions but I guess a good place to start would be this one.</quote>
And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s…[Read more]

I like the term “precrastinator” Pimobpi – nice one.

One of my favourite phrases is the old chestnut “If you think education is expensive, try ignorance!” I’m sure it was coined especially for precrastinators. :p

Also, can you please let me know what is an MB? How do I run my figures by an MB?

Sam, you have had a MB answer the question for…[Read more]

Hi Peyton,
Sorry, I must have missed this reply from you back in March. Your current post about Craigieburn tweaked my memory and had me look for this one…..

OK, with $500k possible, that is a good start. Logan is OK for $350k or so, but I am not sure you would get “newish” for that price. And if you did find something new around those…[Read more]

Hi Sam,
Good on you for taking a look, and for coming on here and asking questions. It is way smarter to do that than to go ahead and purchase something and then tell us what you did. Why? Simply because there are way better ways to “start out” than to buy a new one-bedder.

Before signing anything, DO do a few things :-
1. Run your…[Read more]

Hi Michael,
Please stop and think before giving too much information to someone who joins us only to spam. Not just one post, but 7 posts made in short order.

Be careful – not everything you get to read on here is above reproach (but it won’t be long before the other posts have gone). I am leaving this one here as a warning to others,…[Read more]

Hi Don,

I assume that there is nothing that can be done.!

Going by this earlier comment from Terry, it seems like there may well be something that can be done:-

Whether they should transfer title now or just wait it out will depend – there are advantages in both.
They should seek legal advice asap.

…but what should be done might only f…[Read more]

Awesome, Bon – what a smart move !!