They cant reneg the contract if it is not a MAJOR structual defect.Have a look at your your wording for the special comments in regards to the building inspection.If they wording says MAJOR structual or Substantial damage then they cannot cancel the contract using the building clause.Its a 35year old house, they cant pull the pin on the contract w…[Read more]

Hi,Yes the real estate agent can do this if they have multiple interested parties/offers.The tennants are within there rights to stay out their lease knowing that they will need to vacate on then 5th of Feb 2012 (you will need to give them 60 days notice prior to the 5/2/2012)I have been in this position many of times, if i was you i would stick…[Read more]

Hi,Im in the same boat. I have an IP and am unsure if i should fix it or not right at this stage.Personally i do like the idea of fixed for 2 years as this will ensure i know what im paying for the next 24months!My gut is telling me to fix it as im sure what my repayments are going to be, that said i dont see rates going below 6% in the near f…[Read more]