PropertyInvesting.com | jenny111 | Activity https://www.propertyinvesting.com/members/jenny111/activity/ Activity feed for jenny111. Fri, 17 Apr 2026 11:27:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2325822fcd9b67d0d69c3a1b461a0d4c jenny111 replied to the topic Can progressive payments toward a purchase contract be considered Deposit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410273-can-progressive-payments-toward-a-purchase-contract-be-considered-deposit/#post-4696341 Mon, 18 Nov 2013 09:48:36 +0000 Hi Richard,

Wilko mentioned above of a product that can provide 100% financing with a secured and unsecured component. Do you still have such product and if yes, could you please let me know the criteria. Thanks.

Jenny

]]> dec0986825683c70989f8cfd67c92af4 jenny111 replied to the topic Can progressive payments toward a purchase contract be considered Deposit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410273-can-progressive-payments-toward-a-purchase-contract-be-considered-deposit/#post-4696339 Sun, 17 Nov 2013 22:47:17 +0000 Another fact that I thought 95%LVR wouldn't work was because even though I was planning to live in it at first, but I may soon later rent out part of the property (the property has a bungalow at the back with full utilities, but not separately metered.  Once I have put in separate meter boxes, there is a high chance that I will rent out part of…[Read more]

]]> f4e1e20c5a7e763bb6df4c2f67d47238 jenny111 replied to the topic Can progressive payments toward a purchase contract be considered Deposit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410273-can-progressive-payments-toward-a-purchase-contract-be-considered-deposit/#post-4696338 Sun, 17 Nov 2013 22:28:13 +0000 Thanks, Richard & Wilko,

I don't know the vendor or the agent.  The contract would definitely be conducted in a business manner; i.e.: not an under-the-table contract.  The property is in a semi-regional area and has been on the market for some time. The agent said the vendors are willing for a long settlement because they currently have a good…[Read more]

]]> f19871f56157663fbd24a71044c26d98 jenny111 replied to the topic Can progressive payments toward a purchase contract be considered Deposit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410273-can-progressive-payments-toward-a-purchase-contract-be-considered-deposit/#post-4696334 Sat, 16 Nov 2013 11:19:25 +0000 Thanks, Richard & Tom.

I was planning for 10% deposit so to negate the 5% genuine saving requirements. But you mentioned, Richard, that "There might be a couple of ways around this if you can save at least 5% deposit over a minimum of 3 months depending on which State….'  Could you please elaborate on what other ways around if I could save at…[Read more]

]]> 4cdf4a0ea6e9a7b56c44d4efa6e22cc5 jenny111 replied to the topic Loan from mortgage broker - is this a good deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409808-loan-from-mortgage-broker-is-this-a-good-deal/page/2/#post-4693816 Thu, 08 Aug 2013 11:54:11 +0000 Thanks, Tom – your explanation has cleared the clouds.

]]> 1d248a48b0c9b3ef90897229c7e83479 jenny111 replied to the topic Loan from mortgage broker - is this a good deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409808-loan-from-mortgage-broker-is-this-a-good-deal/page/2/#post-4693814 Tue, 06 Aug 2013 13:15:33 +0000 Thanks, All.
Pretty informative stuff. One thing I still don't understand – What is the LOC for when the Visa card seems suffice (other than for the purpose of keeping the Visa opened, as per Grant's explanation)? I mean if the main home loan amount was not sufficient, why not include the LOC with the main home loan in order to get the cheaper…[Read more]

]]> 5ed9d791201a3a7cd932b6068d60ec04 jenny111 replied to the topic Loan from mortgage broker - is this a good deal? in the forum Thanks, Grant.  I don't https://www.propertyinvesting.com/topic/4409808-loan-from-mortgage-broker-is-this-a-good-deal/#post-4693809 Tue, 06 Aug 2013 05:19:31 +0000 Thanks, Grant.  I don't remember whether it was Homeloans or another broking house, but I was told that the 5% MUST come from genuine savings (i.e.: no exemption).  Does Homeloans require 5% in genuine saving?

Hi Shahin, what did you mean by 'OP' when you said: "The danger with this deal is that a) you are paying a premium on the interest and b)…[Read more]

]]> 34e3ea5c712d1e2610a2fce76eae8915 jenny111 replied to the topic Loan from mortgage broker - is this a good deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409808-loan-from-mortgage-broker-is-this-a-good-deal/#post-4693805 Mon, 05 Aug 2013 14:24:04 +0000 another bank I was told was Bendigo and that the $20K visa usage would not be accessible until about 2 weeks 'after' settlement, which was no use to me, as I would have to borrow elsewhere for the amount for this period in order to pay for the stamp duty costs 'at' settlement.

]]> 7cbba6d928e9bd1625cb0ace79f7c20c jenny111 replied to the topic Loan from mortgage broker - is this a good deal? in the forum Hi.  https://www.propertyinvesting.com/topic/4409808-loan-from-mortgage-broker-is-this-a-good-deal/#post-4693802 Mon, 05 Aug 2013 11:44:12 +0000 Hi. 
Could someone please let me know which lenders offer a visa with 20K limit to cover for purchase costs, yet the limit is not included in the LVR calculation? And what the criteria would be? Is genuine savings is required and spread over what period? Thanks.

Regards,
Jenny111 

]]> 327febe70d4b4762f26868374f878b67 jenny111 replied to the topic Vendor finance in the forum Creative Investing https://www.propertyinvesting.com/topic/4409504-vendor-finance-34/page/2/#post-4692047 Wed, 19 Jun 2013 11:25:30 +0000 Thanks, Terry.

]]> 7a87bffa4ce1a45e459c1755be786786 jenny111 replied to the topic Vendor finance in the forum Creative Investing https://www.propertyinvesting.com/topic/4409504-vendor-finance-34/#post-4692045 Tue, 18 Jun 2013 11:30:15 +0000 Who regulates the Vendor Finance market?  I meant in the case of one vendor quoted the interest rate close to 7%, but I calculated it to be almost 10% (9.90% to be exact). This is on top of the quoted price of the property which was probably around 15% to 18% above its true value. Is there any regulatory body to ensure integrity in the…[Read more]

]]> 2fb2126d53a888fced0adab677c0a1ad jenny111 replied to the topic Vendor finance in the forum Creative Investing https://www.propertyinvesting.com/topic/4409504-vendor-finance-34/#post-4692044 Wed, 12 Jun 2013 04:31:00 +0000 Thanks a lot for the info, Paul.
Regards,
Jenny

]]> 9221da9a8af3929f088cddb426ae0de6 jenny111 replied to the topic Vendor finance in the forum Creative Investing https://www.propertyinvesting.com/topic/4409504-vendor-finance-34/#post-4692042 Tue, 11 Jun 2013 13:51:01 +0000 Hi Richard, I am looking to 'buy', not sell.

]]> e4de8a6d3dcf604f743c59bdc40da8fa jenny111 replied to the topic Vendor finance in the forum Creative Investing https://www.propertyinvesting.com/topic/4409504-vendor-finance-34/#post-4692040 Tue, 11 Jun 2013 12:03:48 +0000 Hi Everyone,

what is the going vendor-finance interest rate for P&I? Does the purchaser pay the stamp duty, transfer of land etc…during the rent-to-own period? How long is the rent period usually? Can the purchaser onsell the property during the rent-to-own period? is the property price negotiable? Can the vendor alter the repayment term at any…[Read more]

]]> e0e067a8c15caba202e1f69040116c28 jenny111 replied to the topic Where To Buy Investment Property? in the forum General Property https://www.propertyinvesting.com/topic/4408329-where-to-buy-investment-property/#post-4682940 Mon, 14 Jan 2013 11:10:58 +0000 Kevin, and you don't have any lengthy vacancy when you advertised for tenants? I see alot of homes there are for 'first home buyers', are these properties new (or nearly new), do you know?  These properties seem to be ok; they don't look too old.
And did you manage to get 80% LVR on these properties? I am hearing that small town like this, banks…[Read more]

]]> 17988f17dd382406863c4df0ae8158bd jenny111 replied to the topic Where To Buy Investment Property? in the forum General Property https://www.propertyinvesting.com/topic/4408329-where-to-buy-investment-property/#post-4682938 Wed, 09 Jan 2013 12:56:43 +0000 Hi Kevin,
which rural towns in SA do you have properties in and are they rented ok – I mean you don't have any long vacancy problem?

I remember reading in the Australian property magazine, which said that SA in general currently has a huge oversupply of housing stocks. In fact so huge that all housing construction could stop for 5 consecutive…[Read more]

]]> 4de2049338c59e880b269e17dbe48365 jenny111 replied to the topic Lo/low doc loans in the forum Finance https://www.propertyinvesting.com/topic/4406919-lolow-doc-loans/page/2/#post-4672288 Wed, 09 Jan 2013 12:27:09 +0000 Hi Jamie (and Richard)
I have no doubt of Richard's experience and would love to make the contact when the right time comes (probably in 12 to 18  months time when hopefully I have accumulated a decent deposit savings…) Honestly, at the moment, my savings is almost non-existent.  Would prefer a standard loan and no mortgage insurance though.…[Read more]

]]> e686911ca0a7e452424753474105169d jenny111 replied to the topic Lo/low doc loans in the forum Finance https://www.propertyinvesting.com/topic/4406919-lolow-doc-loans/#post-4672285 Tue, 08 Jan 2013 10:21:33 +0000 That makes sense now. Thanks Shahin & Richard.

]]> 5a0b340a4bb07587e2facdd069cd07a3 jenny111 replied to the topic Lo/low doc loans in the forum Finance https://www.propertyinvesting.com/topic/4406919-lolow-doc-loans/#post-4672282 Mon, 07 Jan 2013 11:26:36 +0000 Thanks, Everyone.
The BAS statements don't really reveal whether the borrower is a trustee or a guarantor. Do lenders take into account of the borrower who happens to also be a guarantor or a borrowing trustee of another entity (let say a company or family trust) when they assess Lo Doc?  Would the answer be the same as for standard loan?

I mean…[Read more]

]]> 379dacec3ea9e149bb24a9fcd3d22da8 jenny111 replied to the topic Income Accelerators in the forum Help Needed! https://www.propertyinvesting.com/topic/income-accelerators/page/2/#post-4683142 Mon, 07 Jan 2013 10:38:44 +0000 Thanks.  I am learning everday.

]]> 60b7ca399d1e177ab19916e9dd67eccb jenny111 replied to the topic Income Accelerators in the forum Help Needed! https://www.propertyinvesting.com/topic/income-accelerators/#post-4683117 Thu, 03 Jan 2013 06:40:25 +0000 Hi. What involves in an income accelerator and how does it work? Thanks.

]]> 6dc84ac6ee9519704c765d001275985d jenny111 replied to the topic Lo/low doc loans in the forum Finance https://www.propertyinvesting.com/topic/4406919-lolow-doc-loans/#post-4672279 Thu, 03 Jan 2013 05:53:08 +0000 Thanks, Jamie. 

]]> 3b7dd2756db56ebc1c831951626808ae jenny111 replied to the topic Lo/low doc loans in the forum Finance https://www.propertyinvesting.com/topic/4406919-lolow-doc-loans/#post-4672278 Thu, 03 Jan 2013 05:52:00 +0000 Hi (again).
And what do lenders particularly look for in the BAS returns? – the turnover income or the profit/loss figure for serviceability?

]]> ea555dbe05d580c5eedb8e989536a29b jenny111 replied to the topic Lo/low doc loans in the forum Finance https://www.propertyinvesting.com/topic/4406919-lolow-doc-loans/#post-4672276 Thu, 03 Jan 2013 05:36:37 +0000 Hi All,

This might be a silly question – but do the BAS returns have to show profit? i.e.: if all the quarterly BAS returns for 2 recent years show consistent losses, would the lenders qualify (provided of course the borrower sign the stat dec to say that he can repay).

]]> 43d5e8ad993224f9c0d5e86a4c64f147 jenny111 replied to the topic help needed for settlement issues in the forum Help Needed! https://www.propertyinvesting.com/topic/4408308-help-needed-for-settlement-issues/#post-4682828 Fri, 21 Dec 2012 12:41:09 +0000 a question of legality – do sellers have to let the buyers know of any appliance that is not working?  For example, the reverse cycle aircon external/internal unit is dead, the oven stubbornly refuses to turn on, one of the hot plates is no longer hot no matter which knob is turned on, a broken knob etc..

]]> cc3038e27e8aee104b1241f3cb2e44d6 jenny111 replied to the topic Is this cheap or what? in the forum AussieKiwi, https://www.propertyinvesting.com/topic/4408117-is-this-cheap-or-what/page/2/#post-4681164 Tue, 20 Nov 2012 12:59:51 +0000 AussieKiwi,
You based the rental calculation on 52 straight weeks of receiving rent. You should take 3 months (12 weeks) off. Thus, use 40weeks, instead of 52 weeks, and the rental receipts would be $21,000, not $27,000.  This means $6000 less in rental income than your original calculation.  Thus the 'leftover' (well, actually there won't be any…[Read more]

]]> 6723f5ae9dc6976bc63909cf4b27e748 jenny111 replied to the topic Is this cheap or what? in the forum General Property https://www.propertyinvesting.com/topic/4408117-is-this-cheap-or-what/#post-4681150 Mon, 19 Nov 2012 13:04:00 +0000 Swimming pool is also costly to maintain as well as onsite manager. Worth to check not only the current body corporate fee, but also the incremental changes over the last 5 years. Lastly, there will generally be 3-months vacancy from late Nov/early Dec to early Feb when students go back home for their hard-earned vacation. I was at once time…[Read more]

]]> 4ca4da64f1286407bcbff263a0692e05 jenny111 replied to the topic Is this cheap or what? in the forum General Property https://www.propertyinvesting.com/topic/4408117-is-this-cheap-or-what/#post-4681149 Mon, 19 Nov 2012 12:52:18 +0000 I heard that Councils in QLD generally levy very high annual rates; hence take into account of this high charges. Also find out whether the unit sits on the University's land; if yes, you will be only buying the 'brick' building, not the land and thus, you will have to pay rent to the uni (or whoever the owner is).

]]> f69fc69c897b50d0d0e6cb3cf2089f52 jenny111 replied to the topic all eggs in one basket? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405646-all-eggs-in-one-basket-2/#post-4662241 Wed, 17 Oct 2012 11:40:39 +0000 How is capital growth for Albury/Wodnga?  As an indication, do you mind, Rod & Engelo, give us the current approx. market value of the properties you both in 2009?

Jenny111

]]> 8dba3626d8b03e68f39a65d920838b25 jenny111 replied to the topic Buying Blocks and selling with Permits in the forum General Property https://www.propertyinvesting.com/topic/4407340-buying-blocks-and-selling-with-permits/#post-4675262 Wed, 17 Oct 2012 11:25:39 +0000 Thanks, Scott.
Now that I know that the permits have expiry date, I will by pass properties with approved plan/permit if I am not planning to build. Otherwise, why pay a premium price now for something that is not needed 'now'.
Regards,
Jenny111

]]> f916c40d30fb92038e61b31f9b61a6c5 jenny111 replied to the topic Buying Blocks and selling with Permits in the forum General Property https://www.propertyinvesting.com/topic/4407340-buying-blocks-and-selling-with-permits/#post-4675260 Tue, 16 Oct 2012 13:45:42 +0000 Hi,

So, if I see an advertised property for sale which says something like: 'with plans and permits approved ready to go….', it means I will have to pay a premium, right? If I then bought the property, would there be a time limit in which the building(s) have to be commenced or fully constructed?

Do I have an option of not going ahead with the…[Read more]

]]> 6e331e91b2658d77a7cb57c47b35bd7d jenny111 replied to the topic No more 'Stamp Duty on Property' in Vic from 2013/2014? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407473-no-more-stamp-duty-on-property-in-vic-from-20132014/#post-4676461 Wed, 29 Aug 2012 11:24:01 +0000 Thanks, Everyone.

It must have been the Stamp Duty 'concessions' for first home buyers then. I was really hoping the Stamp Duty on Property or on Mortgage (whichever it was) be abolished altogether.
Regards,
Jenny111

]]> 190c1bfdfd6f914ce7ef71b458d71f0d jenny111 replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675470 Tue, 21 Aug 2012 11:52:24 +0000 Thanks, Everyone.
Legal advice received by my friend was that she would not need to do anything as she would not be liable for the debt of or utility consumed by the tenants.
Regards,
Jenny111.

]]> b482797f5d941dba4318e68bb008175c jenny111 replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675467 Thu, 16 Aug 2012 13:36:53 +0000 Thanks, Terry.

]]> b2f3cce33d13dc9e32bbe75ee4db8b03 jenny111 replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675466 Thu, 16 Aug 2012 13:29:49 +0000 The account was definitely in the tenants name. They aware that they had to connect the utility in their when they first moved in.

]]> e23c47d59dd06fad132deb7bed73d25a jenny111 replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675463 Wed, 15 Aug 2012 12:57:46 +0000 What does 'to compell you to provide the details' and 'CYA  at all times' mean?, please.

]]> 9c7cdfb65b4858c81f748b22753ec845 jenny111 replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675460 Wed, 15 Aug 2012 05:53:24 +0000 She said the bills were addressed to 'Unknown Consumer' or "The Occupant". This was because the utility company stuffed up the transfer and had the wrong name. They deleted the name but still send the bills to the property, addressing to nobody.  The tenants said they never authorised the transfer.

]]> 89cb599f7bdd1940dd7d57a2a6f41bd9 jenny111 replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675457 Tue, 14 Aug 2012 23:43:30 +0000 I heard that these tenants liked to take just about every things to court. When they were at the property, every little things that were slightly not to their satisfaction, they threatened to take my friend to the tribunal.

]]> f82cdbd601babe18a9c0733483241878 jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/page/2/#post-4673635 Mon, 23 Jul 2012 12:17:56 +0000 Thanks WomeninProperty and Ten_Burner. All points taken.

And you are right! At times I do feel confused – probably more afraid than confused. Afraid because I don’t have a lot to invest and this was why I wanted something that was easy to get into (studios, serviced apartments and perhaps regional properties). The first 2 have hardly any capital…[Read more]

]]> dfae944b4e6d9815e8ccea8d332a2622 jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/page/2/#post-4673630 Sat, 21 Jul 2012 11:52:04 +0000 Thanks, TFC.
What is ‘DA’ when you said ” When looking for properties try and think of how you can add value to help with capital growth. How? Properties that you can renovate, extend (up, down, left, right) and develop (or at least get DA).”
Cheers.

]]> 506bd610966612ad49f1c6990fd5971f jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/page/2/#post-4673628 Sat, 21 Jul 2012 11:27:32 +0000 Phew!…. Lucky I asked!

Your point is taken – steer out of serv apartments. Being a commercial loan is also another reason I don’t want to get into.

So, regional investment properties? Yes, they are also on my research list. Looking at the price, they seem to be cheap – very cheap in fact, to the point that I doubted myself: well, if these…[Read more]

]]> 154d4b5b95a1346bc4cf82bfaa98d0a4 jenny111 replied to the topic Investing in Geelong Region in the forum Help Needed! https://www.propertyinvesting.com/topic/4406009-investing-in-geelong-region/page/2/#post-4664897 Wed, 18 Jul 2012 13:49:22 +0000 Hi JacM, I am also interested in the geelong region. What does “PM me” mean in the context: “There really is no ignoring Corio. PM me if you want more info on geelong and which property managers to definitely avoid.”?
Jenny

]]> b24ef386930fdd6c34d9da833292437d jenny111 replied to the topic Investment Property Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4406212-investment-property-melbourne/#post-4666538 Wed, 18 Jul 2012 13:05:27 +0000 Hi Kristin,
You mentioned about ‘when the lease is about to expire….’. Don’t hotel management usually renew the lease when it about to expires? What conditions are to met before they renew? And what sort of lease terms are generally given for serviced apartments? Thanks.
Jenny.

]]> 08ce96ef01cc26de649f3af235e757e5 jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/page/2/#post-4673623 Wed, 18 Jul 2012 12:16:17 +0000 Thanks Everyone for the insight.

So studios don’t sound like a good investments. My next option was serviced apartment, as all the costs are paid for by the hotel management. The only things I were afraid of was that they would constantly demand me to uplift/renovate the apartment, otherwise they would not extend the lease option, which means I…[Read more]

]]> a91c1eab6f249a7615b632925fff9e3b jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/#post-4673618 Tue, 17 Jul 2012 13:15:36 +0000 HI Richard,I think they all have a separate bathroom. Anyway, by 'separate', did you mean a bathroom with its own door for privacy?  If the answer is yes, then the studio does have a separate bathroom together with a toilet, but a very small bathroom though. The total size  of the studio is only about 16 – 18 sq meter.  Do you reckon I could ge…[Read more]

]]> c46e741a26ef345a9af69e5b1e93018e jenny111 replied to the topic Investment Property Melbourne in the forum Do hotel groups require https://www.propertyinvesting.com/topic/4406212-investment-property-melbourne/#post-4666536 Mon, 16 Jul 2012 13:31:10 +0000 Do hotel groups require ongoing maintenance by the owners? If yes, generally how often, what need to be maintained and roughly how much in dollars term or as a ratio of the current market value of the serviced apartment?  And what if the owner didn't wish to spend any further on the maintenance – do hotel management then cancel the lease?thanks. 

]]> 359dfcf11e982a09f66aef5399cea6ae jenny111 replied to the topic Does a change in Trustee trigger CGT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407107-does-a-change-in-trustee-trigger-cgt/#post-4673648 Mon, 16 Jul 2012 13:04:56 +0000 Uhm.. That's why I have been thinking of opening another trust account with my name as trustee. Just the nightmare of paperworks has been deterring me.Regards,jenny

]]> 4298b48d7fb4261f6d17716a2bde1ddf jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/#post-4673615 Mon, 16 Jul 2012 12:57:49 +0000 Hi Lisasun,I work in melb and melb cbd studios have the price range that I think I could save for in the next couple to 3 years. Another reason is because I may want to live in it in between tenants (usually tenancy for these type of studios are only 6 months and it takes up to 4 weeks to refill another tenant. It is convenient to go to work. The…[Read more]

]]> ce243bf5c589de57a810249865f96e51 jenny111 replied to the topic Does a change in Trustee trigger CGT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407107-does-a-change-in-trustee-trigger-cgt/#post-4673646 Mon, 16 Jul 2012 12:11:57 +0000 Thanks Terry. I understand now.Given that the IP is in my name as trustee, should I or could I ask the solicitor to make the cheque out to my name as Trustee for the family trust?About the 'bare trustee', if anything, I'd say Mum has been the bare trustee as she has no power. It was just on the paper that I made her the trustee, but the IP is s…[Read more]

]]> 56ce8a396c392900e2d01c9f4c9e80d2 jenny111 replied to the topic Pro's & Con's in buying Studio in Melb CBD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407106-pros-cons-in-buying-studio-in-melb-cbd/#post-4673613 Mon, 16 Jul 2012 12:05:01 +0000 Ok. Thanks to a number of you. A little research through this forum has basically summarised that there is literally no capital growth in studios, banks don't lend under 40sq m size and high overall running costs. So my questions are:1. On the capital growth issue: banks tend to be a little more liberal these days – some have reduced their size…[Read more]

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