Thanks for the reply.  I did ask local council years ago and I think they said as long as no-one complains, they couldn't care less.  But yes, will have to check again if it's still the same.I was thinking more of the lender or insurance company though…  If they would have any problem with it that I cannot come up with.

Well, maybe it takes months in some places, but I'm in the Newcastle area – and I can tell you for certain – I see many properties (that are correctly priced, and not burnt-out ex-government housing stock), often sell within TWO WEEKS of listing.  In fact, one property I saw in the last few weeks sold for a few thousand more than the advertised…[Read more]

Casper_1000 wrote:
If you don't need your money for a period of time then consider a term deposit as they usually have better rates than a savings account. Take a look at Ubank which is part of the NAB group and also Suncorp which offer a negotiated rate for amounts over 100K.

Hi again…  I looked up term deposits at the two places…[Read more]

Linar wrote:
I know several property investors/developers who are always looking to borrow money and will pay around 15%.

Someone in the forums has contaced me in the past about something similar.  (Could even have been yourself.)  I'm afraid I'm risk adverse, and the info was a little too thin to round out my understanding.  I'll still cons…[Read more]

Casper_1000 wrote:
Arab Bank certainly are offering a very high rate considering the RBA cash rate is currently 4.25%.

 Makes you wonder, doesn't it?  There's many giving interest rates above the RBA CR.  We're currently with BankWest.  Our special 12-month introductory interest rate ended last month – but they're still giving us 5.5%.…[Read more]

Qlds007 wrote:
Allan do you havd a home loan yourself ?

Not currently, Richard.  We're deciding if to buy our first PPoR, or invest.  We do plan to pack up and take an extended holiday (possibly 3 months or more).  So I'm looking to earn the best interest we can during that time.

Have seen this done a couple of times on TV.  I thought the price they mentioned was ridiculous for what you get – around 70% of the price to re-tile (if I remember correctly).  In such a case, why not just re-tile – even new plain white would look better than old  style, repainted.  The finished job (on TV) was nothing to crow about either.  It s…[Read more]

Oh, is THAT All – LOL!    I thought it must have been something new coming out with the budget, etc. that I'd missed hearing about.Thanks…

To be honest, I think Jenman is a bit strange – in the Michael Jackson sense.  Especially after seeing his odd fascination with some dead Australian author I've never even heard of, on the ABC a few days ago.  But to give a voice to the general public on this…Most people (both buyers and sellers) HATE auctions – and RE agents rate similar to c…[Read more]

Originally posted by Mortgage Hunter:
Cars are cheap in NZ because they have less strict safety standards. Second hand Japanese vehicles have flooded the market. These vehicles are not manufactured to Australian standards and wil lrequire some modification to comply as well as duty to be paid.

Thanks. I did an expired auction search on ebay…[Read more]

Thanks – I knew of that one but discounted it (for the time being), since it’s unlikely interest rates will go down. All the talk in the media = same for now, but eventual increase.

(And we know if the media keeps bellowing about something, people eventually believe it and follow.) [eh]

Thanks, Terry…

Not everyone is hurting because of the high petrol prices. I absolutely love this “territory” as you put it. Can’t wait for the pump price to get over $ 2 / litre where it should be. Bring it on. Life will be very sweet indeed when that happens.

I’ve got to ask… In what way do you mean will life be sweet?

Petrol is dirt cheap. People…[Read more]

Originally posted by Forklift:
My question is: To “rein in” or “put a halt” to rising inflation, why is it only, or mostly, the mortgagees that are forced to ‘foot the bill’?

Heh – Well, I’m not going to be any use answering this, as I’m more confused than when I began! [blink]

How increasing the price of petrol or interest rates, prevents…[Read more]

By the way, I did read and comprehend what you wrote. You were worrying about money when your father was dying regardless of how the situation arose.

It is not about money – it’s about right & wrong. But anyway…

Hi camder…

We just opened a savings account with Elders Rural Bank. Interest is 5.65% and is calculated monthly, but paid yearly. So, I’m not sure if the calculator I’m using calculates this correctly…

[Edit] Oops, I just checked and interest is calculated *daily*, but paid *monthly* into the account – not yearly like I originally thought.

Hm… Amazing how some can judge so *clearly* from just a few lines of text. My father passed away a few days ago. I’ve read the replies since then, and quite frankly – one person at least is extremely arrogant in their assumptions.

This forum is after all, about LEGAL & ACCOUNTING. Considering that, I’d hardly make the entire discussion…[Read more]

Originally posted by foundation:
This speaks volumes…
I’m sorry for your loss. The loss of your father that is.
Regards, F.[cowboy2]

I’m not quite sure if you’re saying I’m being petty – but if the shoe was on your foot I don’t think you’d be so anecdotal. For instance…

We’ve now found out that dad DID have a will after all – a…[Read more]

Originally posted by HotRod:

Now changing tack a little. It always amazes me when people die the descendants always think they have something due to them.

I guess my problem is, the relatives thought I would take everything from the wife – which of course as the Paul Clitheroe statement above shows, I simply could not have done anyway. I…[Read more]

Originally posted by Mortgage Hunter:
The will is an administrative issue that can be dealt with a little later on. I have no experience in this matters (thankfully so far) but I imagine I would wait to see what it actually contains. In this low time you might be imagining far worse than is the case.

Well, today it’s even worse than I’d hoped.…[Read more]