[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

November 19, 2010 - 11:12 am

thanks guys.

there is a reason for asking this.

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

September 27, 2010 - 11:42 pm

PaulDobson wrote:

Hi Nit

As you did not stipulate a date for the commencement of the Agreement, I believe the Agreement hasn't commenced.  Also Form 20a says: "If the appointment is a continuing appointment, you may revoke the appointment by giving 90 days notice in writing to the agent, unless you and the agent agree to a shorter notice period (but it must not be less than 30 days)."

Just contact your property manager and let them know that you're selling the property and will not be commencing the Agreement.

Cheers,  Paul

Thnx mate. Much appreciated.

Also, if the Agreement has not commenced, do i still need to serve them 90 days notices in writing? i have signed for the 'continuing appointment'.

Cheers
Nit

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

September 24, 2010 - 6:17 am

thnx mate

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

September 23, 2010 - 1:56 pm

Sorry to hijack this.

For a reputable real estate agency, is the selling fees negotiatable? If yes, what is the lowest will they accept?

if i offer 1%, will they accept it?

Cheers
Nit

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

September 15, 2010 - 1:54 am

thanks all for your kind replies.

One question, for example for the Council bills, payment within 30 days entitled to discount of $15.

So let's say if the Property Mgr missed the early payment, which ended up missing out the $15 discount, is the Property Mgr liable to top up the $15?

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

September 6, 2010 - 1:05 am

Terryw wrote:

1. You need to convey it by filling in a transfer form and paying stamp duty – if applicable.
2. Yes. You will have to pay out the existing loan.
3. You will need to change the loan because the ownership is changing. Both names will need to go on the new loan.
4. Yes, but you may need approval of the FIRB.

What you will need to do is to tell your bank you want to change the loan and transfer title by adding your partner. The partner will probably need to supply proof of income if she has income. You will then need to talk to a conveyancer or work out how to do the transfer yourself. The new loan will pay out the old loan at settlement.

You should also work out the stamp duty implications for your state too.

thnx mate

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 16, 2010 - 11:01 am

Terryw wrote:

What sort of job are you doing, and are there any vacanies?

a normal peasant's job , Information Technology.

Realised that the lending is very strict for these foreign currency loan. Just spoke to Citibank, to be eligible, must earn US$150K income, and open another Citigold account min $200K.

Will try the next few lenders, fingers crossed.

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 16, 2010 - 8:26 am

Terryw wrote:

makes you want to go and work overseas!

not forgetting the low taxes for my salary as well.

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 16, 2010 - 6:42 am

Terryw wrote:

Great. Whats sort of rates are you looking at? 2-ish% or there abouts?

yup, less than 3%

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 16, 2010 - 5:31 am

Terryw wrote:

You should also just approach the Australia banks in the country where you are working. eg NAB in Tokyo etc.

thnx mate, did a quick google. NAB SG offers this.

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 15, 2010 - 10:26 pm

Terryw wrote:

NAB used to too. not sure if they still do

Thnx mate, will check it out.

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 15, 2010 - 10:25 pm

Banker wrote:

Anz is a min loan of 1M and income 250k. Purpose is when security is in aus and you are getting the loan via ANZ in another country. Keep in mind these loans have magin calls etc as security is in one currency and loan in another. I'd question the reasoning behind it. If you are just buying a property in aust and getting the money from an aust bank simply get the loan in aus $. Why do you need your loan in a foreign currency?

Min loan is $500k.

Thanks, do understand of the margin calls. In the long run over 30 years, the interest rate is half of OZ's interest rate. Of course there is a risk of currency fluctuations which i can accept.

Cheers
Nit

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 15, 2010 - 7:45 am

Otto D wrote:

HSBC can consider Foreign Currency in US or HKD. As for SG I am not entirely sure however I expect there are still a few banks that can do it. It would just be a matter of doing the research to find out.

Thnx mate.

Found that ANZ still offer.

Also found this UK bank which offers international mortgage
http://www.lloydstsb-offshore.com/international/mortgages/rates/

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 5, 2010 - 1:07 am

heathers wrote:

They are two separate services. You don't need a handover inspection to get a depreciation schedule. The handover inspection ensures the builder has complied and all workmanship is of a high standard. FYI I got both, and was amazed at how much he picked up that we didn't notice..ie missing coats of paint, chips in walls etc.

thnx mate, rang and confirmed it is $330 for onsite inspection.

Just finished the onsite inspection, followed the QA around incase he missed out anything, but whatever he saw, he took it down, nothing much for me to highlight.

Ta

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 2, 2010 - 6:04 am

Curious, if the valuation is done now while i am still living instead of renting it out, is the fees still tax-deductible?

Anyway, even if after renting it out, without this fees, the overall costs is still -ve geared.

Ta
Nit

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 2, 2010 - 6:00 am

heathers wrote:

http://www.excelproperty.com.au 330 for depreciation schedule, visited the property. Excellent, prompt and professional service!

Tax Depreciation Schedules from dfg$330     

Building Handover Inspections from   fgd$325     

Combine both for $650

Based on the website, it mentions $330 for Tax Depreciation schedules only.

Inspections will be another $325.

Please correct me if i am wrong

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 1, 2010 - 11:16 pm

Any1 used this before?

http://www.austtaxonline.com.au/contact-us/

quoted for $495, $104 cheaper than DEPPRO.

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 1, 2010 - 5:41 am

Anyone tried

http://www.austtaxonline.com.au/contact-us/

quoted for $495, $104 cheaper than DEPPRO.

But i dont mind paying a bit more for a better depreciator

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

July 1, 2010 - 5:08 am

energy4anarchy wrote:

Hey Guys and Gals, I have 2 IP properties, the 2nd one we lived in, did up, raised value and then moved on to 3rd property. Anyway, its only been 11 months since we've been in the new place… but i forgot to get a Depreciation schedule. My 1st IP, someone recommended DEPPRO and i guess, after $450 bucks and two weeks, they werent bad and delivered a report to my account. Now i've just done a search on the web and seeing some mobs doing these for half that price! now i know you get what you pay for… but just wondering if anyone has any advice on Depreciation Schedules, what i should be paying… weather i need a full inspection, or non inspection (this seems to fluctuate the prices) and ideally, if someone can recommend a group, preferably Melbourne based… but anything will do! I'd be happy to use DEPPRO again, just seeing if i i can get the same for cheaper? Thanks Guys

are the mobs as good as DEPPRO?

Care to share the mobs? I am about to get DEPPRO to conduct an inspection for my Townhouse too. They quoted $599.50.

Btw, any good reasonable Depreciators in Brisbane to recommend?

Cheers
Nit

[nitrodropsMember@nitrodropsJoin Date: 2009Post Count: 132]

May 15, 2010 - 12:58 am

Dan42 wrote:

Hi Nit,

To answer question 1, I would say both. House insurance to protect the house, and landlord insurance to protect for loss of rent, damage etc. Landlord insurance is not expensive, and well worth the peace of mind. Especially if you will be a long way away from the property.

I think some agents will handle the rates, water rates etc for you. You'll have to check with your agent.

As for the mortgage statements, most banks now offer electronic statements. it may be easier to download the statements from the banks web site.

Thnx Dan,

1.) mine is a townhouse, common property is under Body Corp, which already has gotten insurance. So, shouldnt i just purchase a landlord insurance to cover the inside of the Townhouse?

2.) thanks, will check with agent, was looking at Auspost redirect services, it is not cheap for overseas redirect. It costs $407/year (AsiaPac).

Cheers
Nit