I agreew with Catalyst- I think you could either offer a nominal discount of $1000 or so, or just say that that is the condition of the house and the price stands.You said that you had the offer within a day of it being on the market so surely there is another buyer out there. Maybe your RE agent could give you some advice.Also, what is your…[Read more]

It really depends on the exact construction of the garage. Perhaps you could get a few quotes (3-4 quotes from different builders) and this will give you a better idea. Also depends if it has asbestos in it (I know you said it was brick but asbestos was often used for ceilings and eaves). Cheers,Luke

Derek wrote:

mattnz wrote:
I have seen a whole shopping centre with a little house in the middle of the car park.

You win:)

Exactly the same thing happened in Pitt St Mall in Sydney. When Westfields were developing the new Sydney City Westfield, they tried to buy all of the shops in that part of the block. One person didn't sell (it was an…[Read more]

Scott No Mates wrote:
I see your point Luke but ' them's the roolz of da game'. The alternative would have been demolition of the fibro & 60's houses & have two new builds, the budget wouldn't allow it, quality of the end product wouldn't be there either. In a falling market, would these options have protected the 'renovators' any better?

They…[Read more]

Channel 10 would have made good money I think- the advertising revenue generated would have been huge. Also, the in program advertising such as the contestants saying 'Wow, my high quality and reasonably priced LG electronics have arrived, I am so excited!!!' would have been a big cash cow for Channel 10.The point of this thread is discussing…[Read more]

Did they add stamp duty and interest costs to the cost??Cheers,Luke

I am not sure about that, I just had a 60m2 detached approved under SEPP. Not sure about the exact definition, but if there is a common wall then I am guessing it will be attached, and if there is no common wall, it would probably be detatched.Cheers,Luke

Hi Melkane. It really depends on the extent of damage as to how much the report is. If there is no damage and it is in good condition, then the report would be straightforward and shouldn't be too expensive (perhaps $1000). But if there are lots of deefcts and you want a detailed report with repair proceedures, then it could be quite a bit more…[Read more]

Hi Melcane,It all depends on the quality of report and the scope of investigation. You could expect to pay between $750 and $2000, but it all depends on how big the house is and how much detail you would like in the report.Cheers,Luke

There are quite a few listed in the St Clair and St Marys area if cheap properties (<$300k) are what you are after.

You can get places in Western Sydney for under $300k. Mount Druitt, Seven Hills etc.Cheers,Luke

Why do you need to change the loan to IO? Would it be better paying down the business loan ASAP so you can make the business more sufficient? Just throwing ideas around of course.My experience with CBA has been the opposiite- they have been very helpful and more than willing to lend money. Luke

You do not need council approval for these things in NSW- they can be done under the SEPP Affordable Housing Policy so you will just need to get it certified by an accredited certifier. You will probably need to talk to a draftsman for someone similar as there will be things like setbacks, fire rating, BCA compliance that you will have to meet.…[Read more]

From my understanding the depreciation gets deducted from your cost base when it comes to calulating capital gains tax.

Where is the property located if you don't mind me asking? I would be interested to know which markets have seen 5-10% capital gains since December.Cheers,Luke

How much debt is he in? Would it not be easier to use his $1200 – $1500 per week to pay down his debts and then move on in a few years time by himslef?Luke.

You go to a mortgage broker- Richard Taylor, Michael Chan from Shape or Jamie from Pass Go. If it can be done, these guys will do it.Cheers,Luke

One thing to take into account is that repairs and maintenance can be horrendously expensive in a mining town.Cheers,Luke

Hi Jins, I have just sent you a private message. Please feel free to give me a call as I think I will be able to help you.Cheers,Luke

Having your parents be a guarentor for a loan is one thing, but a guarentee to purchase a business is a different thing altogether. Many businesses fail within the first few years, and so having a guarentee to purchase a business is WAY more risky in my opinion. I have had a guarentee from my folks to purcahse a property, but would never ask for a…[Read more]