Not sure about other states but generally in Victoria you put down a small deposit of a few hundred dollars or so when putting in an offer. If accepted, then the remainder of the deposit is due whether it be 5% or 10% of the sale price as agreed with the vendor usually a week or 2 after contract signing.
I installed a Bunnings flat pack a few months ago in a 2 bedroom unit. Came out really nice. Only problem is if you rplanning to use granite benchtops then stick away from the flat packs with the plastic legs. If your going with the laminate benchtops then they look great. Easy to install.Just one tip, remember to put the corner cupboard shelves…[Read more]
Thanks guys. The tenants are meant to be paying monthly but seem to be paying in dribs and drabs all random amounts in hope that they will make the monthly repayments by the end of the month.
It is an IP so no real urgency to settle today. I spoke to the conveyancer and the last time this happened settlement was delayed for 5-6 weeks. What if I decide not to settle and wait for the bank to get the title deeds? Can the vendor cancel the contract or anything? Ive already forked out the money for the deposit and also for the bank fees,…[Read more]
lopetha replied to the topic Landlord/Owner responsibilities regarding electrical wiring in the forum Help Needed! 9 years ago
Thanks guys. I spoke to the electricial directly this morning rather then going through the PM so I could get the full story. Apparently the person who did it did a really dodgy job. From what he said the transformers are the incorrect ones used, the wiring used is the incorrect wiring and many of the lights are wires are loose being a hazard. He…[Read more]
Thanks for the input guys. Im in Melbourne so if anyone can recommend some good cheap places for goods that woudl be greatly appreciated. The apartment is approx 60sq meters. I did actually forget abot things like light fittings, towel rails etc so will need to budget for them as well. Reckon approx $15K will be enough to cover it all?
This link may be usefulIt lists the top 40 melbounre suburbs with number of burglaryhttp://racv.com.au/wps/wcm/connect/Internet/Primary/insurance/home+security/burglary+statistics/high+risk+areas/cheersvidy
Just because they have high burglary rates doesnt mean those suburbs are a bad investment. Some of those suburbs which top the…[Read more]
I remember reading somewhere that the rental affordability scheme isnt for private investors. Is that true? Also, what exactly determines "new"? Does that mean brand new houses only? Or a newly purchased/rented property?
Some parts of Sunshine seems to be pretty bad for movement of the slab. A fair few properties which I have looked at in the area has had significant amounts of cracking caused by a subsidance. I recently put in an offer on a property but when my building inspector checked it out he mentioned that the foundation had moved that much that it needed…[Read more]
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