How can you be certain your solicitor isn’t dragging the procedures, all in order to get more billable hours?

How can you be certain your mechanic isn’t neglecting certain aspects or inflating other issues so he could profit more from you?

How can you know your tradie isn’t working slower than he can or…[Read more]

Real estate agents in that suburb might be able to provide such data as well.

How far at the past are you interested in?

Can the land be subdivided?

If I were you I would visit real estate agents and get from them estimations for vacant lot with plans, off the plan and established. That should help making the decision how to proceed 👍😎

Once you know the above, would love if you’ll share it here.

Hope this helps?

Cheers,
Ethan

I get why the broker wants to avoid time wasters by locking them in with $1000 fee if not proceeding. It’s steep and we don’t do it but I get it.

That said, there’s probably nothing there that says you have to accept his suggestion to x-coll. So you can simply go back to him and let him know that you want to proceed but a…[Read more]

I get why the broker wants to avoid time wasters by locking them in with $1000 fee if not proceeding. It’s steep and we don’t do it but I get it.

That said, there’s nothing that says you have to accept his suggestion to x-coll. You can simply go back to him and let him know that you want to proceed but as standalones. He ma…[Read more]

I get why the broker wants to avoid time wasters by locking them in with $1000 fee if not proceeding. It’s steep but I get it.

That said, there’s nothing that says you have to accept his suggestion to x-coll. You can simply go back to him and let him know that you want to proceed but as standalones. He may object (do…[Read more]

Bring a mate and they get in for FREE! Bring two mates and you ALL get in for FREE, yay! (yes, we want more heads in the room please )

Action…[Read more]

Bring a mate and they get in for FREE! Bring two mates and you ALL get in for FREE, yay! (yes, we want more heads in the room please )

Action…[Read more]

It’s basically a finance deal (presuming you will eventually buy the property). Definitely buyer will want to make a healthy profit. Taking into account purchasing costs and opportunity cost, you might find that it won’t be cheap to buy back the property…

Which suburb is it in?

Will you be renting it?

Are you happy to share an example how tax could be eliminated in such a scenario?

I understand that one of the blocks will be considered PPOR (so no tax there) but the other surely will be considered IP so tax will be payable?

Thanks,
Ethan

Am certain there are a lot of things you should look out for 😉

It’s definitely one way to go about it.

A couple of queries come to mind:

1. What’s the benefit for you to sell H&L vs vacant? Higher price? More demand?
2. Did you seek legal advice?

I can get the logic of family A but why does family B believe both parties should pay for all fences?

Did you guys happen to establish some dispute resolution mechanism? If not, is there a third party both families trust and can agree that her/his decision (after hearing both parties) will be…[Read more]

Generally speaking it does make a lot of sense to offset the loan that carries the highest interest (that is assuming one has no other debt, mainly non deductible debt).

Why is that loan so expensive, by the way?

Should you sell or not is a question that I suspect nobody here can answer for you. Who knows what will the value there be…[Read more]

Three key speakers in this meeting:

1 – “The Big Picture” (macro/wide-angle stuff):

Directly from his French adventure, Matt Jones from the P…[Read more]

Three key speakers in this meeting:

1 – “The Big Picture” (macro/wide-angle stuff):

Directly from his French adventure, Matt Jones from the P…[Read more]

Three key speakers in this meeting:

1 – “The Big Picture” (macro/wide-angle stuff):

Directly from his French adventure, Matt Jones from the P…[Read more]

Three key speakers in this meeting:

1 – “The Big Picture” (macro/wide-angle stuff):

Directly from his French adventure, Matt Jones from the P…[Read more]

Then the valuer comes and I walk with him/her, explain what was done, mention the high quality finishes etc.

Usually…[Read more]

Need to watch the downside though: what if you can’t on-sell (at a higher price or at all) prior to settlement? 😬

Need to watch the downside though: what if you can’t on-sell prior to settlement? 😬

Yes, that would be prudent.

You’ll need a solicitor or conveyancer to represent you as the vendor anyway so might as well ‘kill 2 birds with 1 stone’ I reckon.

Usually I’m in favour of hiring a conveyancer for property transactions but in this case, if I were you I would definitely get a solicitor on board t…[Read more]

If I were you, I probably wouldn’t place tenants in what is, officially, an ‘under construction’ dwelling. If something happens to them or their guests, it could get really, really nasty… 😞

If I were you, I probably wouldn’t place tenants in what is, officially, an ‘under construction’ dwelling. If something happens to them or their guests, it could get really, really nasty… 😞

My guess is that compensation means if the tenant damages something and pay (compensates) you for it.

I could be wrong, though, as this isn’t my area of expertise.

If I were you, I would confirm this with fair trading. They’re always happy to help…[Read more]

I might be wrong, especially with your unit having an outdoor and the leak coming from there so if I were you my next step would be to speak with ‘Consumer affairs Victo…[Read more]

I might be wrong, especially with your unit having an outdoor and the leak coming from there so if I were you my next step would be to speak with ‘Consumer affairs Victo…[Read more]

Here’s what I’m thinking:

1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds with one stone’. It will save the costs and drama of a boundary dispute, so you might get that land for a relatively great price.

2. If that fails, I would wait for the other party to do the first mov…[Read more]

Here’s what I’m thinking:

1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds with one stone’. It will save the costs and drama of a bo7ndry dispute and so you might get that land for a relatively great price.

2. If that fails, I would wait for the other party to do the first mov…[Read more]

Here’s what I’m thinking:

1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds in one stone’. It will save the costs and drama of a bo7ndry dispute and so you might get that land for a relatively great price.

2. If that fails, I would wait for the other party to do the first mov…[Read more]

The copy is usually written by the REA which can be great, decent or poor. I guess you could approach agencies and offer them your services but can’t say for sure if they will be happy to happy for it or go to the vendor and say: “you can eit…[Read more]

That’s why my calculations are always based on 105% of purchase price (to account also for purchasing costs) 👍😎

If I were you, I would aim at getting ‘conditional approval’ where the only condition is the title being registered. Such an approval is usually good for 3 months and can be extended as needed.

This should provide you with sufficient peace of mind I hope? 👍😎

Two ideas come to mind to mitigate, which may or may not suit your specific needs but probably worth exploring:

1. See if you can reduce the personal loan limit instead of closing it. This way you would satisfy the lender’s requirements and release as much equity as you can.

2. Does t…[Read more]

5.2% is rather high for full doc. Not sure what’s the story there…

I do hope your broker doesn’t intent to cross collateralise those loans(!) but it does sound like that’s the plan? Hope not. You should be able to refinance existing loans as stand alone and then use those funds for the deposit and purchasing costs. That’s the way I w…[Read more]

A few queries come to mind:

1. What is the ‘higher interest’ that is being offered?

2. Why would you need to refinance 2 other properties to the potential new lender?

3. Do you require the release of equity from an existing property? If so, perhaps your JV partner agree to both of you top up the existing loan so you both pull out som…[Read more]