Hi Shahin yes had problems with the one out in Coopers Plains Qld walked away from it due to the bad building inspection report I received that was the beginning of Jan, then tried for one already built in Annerley Qld but missed out to someone else. This one is in Meridan Plains on the Sunshine Coast Qld…[Read more]

I guess my instincts were right, he was waffling on about how he wasn't there to sell properties but to help people get into investments all the usual set up a free consultation. Both of us had to be present etc etc. Well Paul is away 4 weeks then we are off to Asia for 2 weeks so fat chance of that. So then he said as I knew a…[Read more]

Glad my daughter and her boyfriend have decided to see some common sense and move. They are renting a 3 bed that shares electricity with the guy who lives below, there is also a couple in the 2 bed section next door but they do have their own meter. All 3 are tenanted they always thought the guy downstairs should not legally be there…[Read more]

We have just had to pull out of one at Coopers Plains had finance and valuation was good, it was the building that let us down.

Really disappointed but its back to searching all over again. Would still like an Nras one to compliment the other 2 IP's that we have out in Chinchilla. They are at the point were they are paying for…[Read more]

Hi Jess

I can't answer your question as I am a novice but we do have 2 properties out in Chinchilla, both are doing well

There…[Read more]

Contract withdrawn this morning so glad I put the clause in to favor us not them regarding Building Inspection

If nothing else I have learnt a lot about body corps etc that I didn't know before
Not sure if I am off units altogether now but may stick with house's from now on at least you know it is just the one property that has to pass…[Read more]

Yes went yesterday got there early and no builders on site. I did manage to speak to a resident of block B (the 4 story block) that was finished before Xmas and asked if he had any problems. He said he did have something with the toilet but they were on the scene straight away and had it all fixed up. I did use my time to check around…[Read more]

Valuation came out at purchase price

Builders defects that are putting me off

I admit they are only just going back in after xmas break and the blinds did still have to go up so maybe I did have it looked at early by the building inspector. Saying that I asked the agent if it was finished he said it was so what can I say there own…[Read more]

We had the same situation with our PPOR offset before paying it all off. We do also have an offset connected to our IP investments but as I don't earn much and the IP's are in Paul's name I have a high interest online savings account where all our access money goes. That way Paul still gets full tax deductibility on IP's but we also earn…[Read more]

I just had a look and wow seriously. Are you sure the builder has a licence to build?

Do you know how expensive it would be to fix the storm water pipe and they didn't put drainage on the balcony?

People that do not understand NRAS will generally knock it. General stock (particularly those in Brisbane) are…[Read more]

I have agreed to meet them on Monday to discuss but they are in no doubt that we are on verge of walking away

$380 for report is priceless

I just had a look and wow seriously. Are you sure the builder has a licence to build?

Do you know how expensive it would be to fix the storm water pipe and they didn't put drainage on the balcony?

People that do not understand NRAS will generally knock it. General stock (particularly those in Brisbane) are…[Read more]

JPS25 wrote:
Got past the solicitor who was against NRAS on the grounds that it was social housing

*slaps forehead* NRAS is NOT social housing…

To be eligible for NRAS, the tenant NEEDS to be working….

I know Michael its laughable

Not looking forward to him finding out we are pulling out unless the builders can give…[Read more]

Jamie I am Heritage Bank

I did mention when picking up loan docs about reviewing it in light of report and that we were getting a friend in the building business to look at the report for us and…[Read more]

Holiday to Penang for 2 weeks all booked for March we are looking forward to meeting up with my sister and brother in law from England there I haven't seen them for 3 years be 8 years for Paul

Lots of great company sun food and drink what could be better

Its a nice quiet area or seems it as I have gone for a general walk around a few times. There is a mixture of old and new about but yes happy with the area from what I have seen on foot and from driving around when Paul…[Read more]

Having our solicitor insert the conditions on Tuesday and witness signing of the contract

So glad I got a stamp made a few months back as I would be in there all day if I had to hand write the Power of Attorney stuff over and over

Thanks everyone for your help

I think I understand what each amount is set for.

I am more interested in whether the level for the Insurance is set right, that everything is fully covered, plus enough going into the sinking funds 

I did speak to the Mark from Ernst who are going to be in charge of the insurance side of things and he said that it was just a guide at…[Read more]

Seeing him again on Tuesday as I told him I wanted to put subject to valuation satisfactory to Paul in along with a building inspection one too. After Paul sent him an email and followed through with a call to him he is finally going to do it for me, I want to be covered in case it does fall short.
Purchasing direct from the…[Read more]

I don't think we are as the high rise have at least 2 extra columns of costs that the townhouses don't have they are looking at $3300 and above depending on buy in and size the townhouses are $1850 up depending on size. Certainly hope not I know it did cross my mind but with the units having at least two extra costs added I thought that…[Read more]

No Pool glad to say. There are lifts in both the 3 and 4 story unit buildings they have been slugged extra charges compared to the townhouses.

Our BC fees are set as $1726.56 plus allowing $128.26 for insurance so we will be up for approximate $1854.82

BC's for the whole 69 units is set at $182,320.14 of which $6875.12 of it is the…[Read more]

Thanks for bringing this post up again

I went to our solicitors with a contract in hubby's name for our 3rd IP (I have POA) and he was very critical of it

I know it was an Nras one and he openly admits he knows nothing about Nras and just assumes its social housing which it isn't.

We have found a decent one only 12km out of the city…[Read more]

Short leases probably need to be done this way but should have been in your lease that you signed with the agent. They shouldn't be able to change it to suit them when they feel like it if it is not already there.

You need to check your lease

No point changing…[Read more]

We started investing in properties end of 2009 and have now paid out our PPOR

Everything extra now goes into an online savings in my name ( I am not earning so no tax) and Investments in hubby's name

We do have an offset with IP accounts but choose to use it…[Read more]

I will definitely do a building inspection best to know know than a few years down the track

Body Corps Management is going to be through Ernst but are not signed up until buildings are officially finished and cleared by council mid Jan. I spoke to Mark who will be managing the insurance for the complex of 13 Town…[Read more]