I had a similar experience (also with the same bank) with settlement being delayed 17 days. I was selling so whilst I wasnt paying defaulkt interest, I wasnt getting the benifit of the interest savings on other loans. above all REMAIN AS UNEMOTIONAL AS POSSIBLE. all concerns and total up the amount you believe you are out of pocket. Word it as not…[Read more]

And then again, in the area I live (regional NSW) I get a pest inspection annually, especially for termites. Also, when I had units in Newcastle it was also essential for an inspection annually. So it may be easy to inspect yourself, but it is also easy to overlook a problem and end up with both a heartache and a headache. Honestly, for the…[Read more]

Do a thread search on TIC on this site and summersoft and you will be able to gather quite a few opinopns on your question.

no brainer – YES

Oh dear, if you have waived you cooling off period and are unable to secure finance, my understanding is you would be in default unless you make some alternate arangement with the vendor. The fact that you have waived your cooling off also suggests that you did not have a finance clause in your contract. (Actually, in NSW that seems to be being…[Read more]

Natalie,Can I add something different to your thoughts. You mentioned that it is a home that you would like to live in in about 2 years and see yourself there for the next 8 or so years (taking it up to the "not sell in 10 years" comment). Without needing the details of your illness, consider if you would be able to raise a family in the…[Read more]

pardon my ignorance, but after India, China and Brazil  move into the western world finances (OK may take a while…) what countries back's are we riding then for our future prosperity?Obviously not an economist!!

How did it work out for you reality. Are you still in the contract or did you opt out. If you are this worried at the start, do you think you can sleep properly down the track?  Be careful not to spend all your energy on chasing the lifestyle and miss out on life itself.Hope it all works well for you,CheersMick

I recently got quotes for essentially the same kitchen design (I drew it up). The quote I got were $16780, $14,900, and $7880. (These all included installation and a granite bench. My design was based on the Bunnings flat pack design grid and I also priced it up at BUnnings. Bunnings flat pack, DIY installation, and I would still need to get a…[Read more]

Hi Jarod,When we bought our first home (3bd townhouse for $85K), my other half was also doing a PhD and on a scholarship. i would strongly suggest that without the additional support of an income that you continue with your research and continue to save. Try not to put yourself in the position where you need to supplement your scholarship and as a…[Read more]

Feel free to PM me with the pricemick

I agree, agents games. Without a great deal of effort he got you to say you could increase your offer by $10K. If you are serious about investing, sorry but the facts are there are costs associated with it and sometimes they are costs to find out what NOT to buy. Time, yes that is also a fact of investing.  Be prepared to walk away if the…[Read more]

Hi Steve,I looked at Wandoan just over 12 months ago, with the same thought as you. I got the feeling that the mines have learnt this time around as most of the land for sale had already been purchased by the mines themselves and when I spoke to a few locals, the feeling was the mine was going to build their own workers accomodations. I dont know…[Read more]

Zaz,Be careful about buying the cheapie in the tiny town. I am not saying it wont work, I have done that and it has worked, but that is in the past. I would investigate what the town has to offer and with the market quieting down, work out what you expect the land would sell for in a few years. I know there are no crystal balls, but for arguments…[Read more]

In a moment of weakness some time ago, I had a look at a similar "venture". It too offered "your money back – we garentee you will come out in front" When you looked more closely the fine print on the garentee was that you HAD to bet on each recommendation that you were given, if you missed only one then you voided your guarentee. I too thought it…[Read more]

Hear hear Mark!!!! I am over agents trying to justify the huge expenses. I still maintain if the same work is carried out on the sale of a $250K property as a $450K property why should the commision be different? I think we have just accepted this culture as the way it is. I strongly support the new wave of commission structure (Virgo Parrerson…[Read more]

I am curious how stamp duty was not payable. Surely for the income/profit to be in your name then your name must be on a contract thus triggering stamp duty in your name. Terry, would you mind explaining how SD was avoided in your case. Sorry…. this is a new concept for me.Mick

Hi Scott,I think you are refering to Belvedere and assume Tammy was also. They recently just had the leases approved for mining (as opposed to exploration). So it looks like if the demand remains there then the mine will be online in the nearer future than alot of people thought. I was approached to sell my rental last week. It is able to be…[Read more]

Hi Crashy,I recently hired a shipping container. It was delivered to my door ($100 each way), taken back to their depot and costs me $27.50 per week to hire. Had I wanted to I could have purchased a second hand one for about $2700 and had it stored at their depot for $5 per week, but I only needed it for 14 weeks.Hope that offers another…[Read more]

49.9 – just because I am going over in May and I didnt get around to exchanging money when it was almost even. Not too scientific I am afraid.