I think the solicitor or the conveyancer should go through all the easements on the title with the client. As a precaution a lot of solicitors make the purchaser sign the page of the contract where the easement is shown just in case they can be liable. Some vendor solicitors disclose this in the…[Read more]

If the trust is not classifed as a special trust, I believe that it can certainly get the land tax threshold?

There are gazillions types of trusts out there, surely there must be something that is not a special trust.

Any ideas?

My managed fund which my parents started contributing in 1990, has not increased at all. For first 10 years it was less than what they contributed because the financial planner was taking his big chunk of commission. So be careful of managed funds. Check all the fees involved.

First, reduce your non deductible…[Read more]

I use M & M Pest Inspections and Superior Building Inspectors in Sydney and they give good detailed report within 3 days, sometimes in two days if requested. They do reports for all around Sydney.

The contract has to be completed by 3years and 5 months after the signing of the contract which is Feb-March 2007.

But they haven’t started building yet…

There is also a clause where if the Vendor cannot raise enough finance by 30 June 2004, they can terminate…[Read more]

Pretty flexible with time.

I’ll see you there

I always soak in hot/warm/lukewarm baths depending on how I feel. If a property does not have a bath tub it is a turn off….but if this boils down to question of money (cheaper rent) I can do without a bath tub.

There are many good books out there if you can find them. The question is how financially literate are you. Depending on your level of literacy, and your knowledge of ancillary topics good books may vary.

For example, when I read Steve’s first book I was impressed. I thought it was a good book because it was very different from what I had…[Read more]

When I did not have a job for two years my meagre super of $50.00 was eaten by all fees because in small print it said that they were allowed to charge administrative fee of $10-15 per year or something even though the government said that…[Read more]

I had one of my clients referred to ech**** by Citibank to organise her deposit bond for a purchase three months ago and they were terrible to deal with. They did not know what they were doing and it took them almost three weeks to get the deposit bond organised, and our client was damn worried she might lose the property all during that…[Read more]

I hope you don’t mind if I attend on the 16th October @ Petersham RSL even if I haven’t attended any of the previous meetings.

I am interested in property and trying to find ways to find more freedom in my life as well as contributing to society if my investment plan flourishes.

At the moment, even though I do not own property, I am looking…[Read more]

If the Vendor delays settlement fo more than 14 days you can serve a notice to complete making completion a time of essence and then terminate the Contract.

If you are looking for value in conveyancing, you may want to use professional conveyancers.

And if you are selling a property, without any legal issues you are aware of, I would use a conveyancer because they are cheaper than most solicitors. (But only for Torrens Title & Strata Title). For company title or old system title I would…[Read more]

As long as one of the owners of the property lives there for continuous period of 6 months commencing within 12 months of settlement, you should be entitled to the grant.

For other states, I do not know how the Off the Plan works.[withstupid]

This won’t cost much, go and see a solicitor.

I’ve actually met a person who met Kiyosaki and his rich dad and according to hims the “rich dad” is apparently a nth generation Chinese-American…[biggrin]

HSBC has unlimited free transactions.

ANZ bank has only 6 free transactions per month.

Both accounts have no interest, except that HSBC has interest rate of 4.5% if the balance is $2000 or more.

To avoid paying excessive bank fees I use about 5 different account- but use two accounts mainly.

Find out about your needs, whether it be mainly for paying bills etc, and find an account that suits you.

One tip, to avoid excess bank fee I…[Read more]

I do a lot of conveyancing and sometimes you may be able to get out of the contract(this means finding a good ground for termination) by asking your solicitor to review the contract thoroughly. Not all solicitors are diligent with their contract preparation and I’ve seen purchasers ask solicitors if there is any way out of a contract…[Read more]

I work in conveyancing I’ve seen people get away with paying double stamp duty in two ways:

1. adding “or nominee” in the contract, which could mean that you would have to pay extra money to the Vendor solicitor for drawing a new contract.

2. Drawing a “put option” contract. But this is complicated and would incurr extra legal fees.