PropertyInvesting.com | NSW2011 | Activity https://www.propertyinvesting.com/members/nsw2011/activity/ Activity feed for NSW2011. Fri, 17 Apr 2026 11:54:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c0ca43b09f23c3cf7be100d78ae297fb NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/page/2/#post-4650534 Mon, 27 Jun 2011 22:58:41 +0000 I woke up today disappointed but definitely no regrets  Unfortunately the property was not cheap and if anything, it was being marketed as over the market value for that area and the vendor was offered a figure closer to the asking price. He decided to accept my lower offer which was still within market value. The real estate agent had no idea…[Read more]

]]> efd35b1d241c9a6f3e09637a585fd133 NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650532 Mon, 27 Jun 2011 06:51:34 +0000 I don't know it it's that easy to find another apartment in my budget in Sydney as it's so expensive and so competitive but as they say, when one door closes, another door opens :-) And I agree that $5k is not worth taking on this headache especially when this architect is telling them it is not a problem. Thank goodness for forums like this!

]]> ae31245272d4585ade5a4cbe956479e4 NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650530 Mon, 27 Jun 2011 04:00:52 +0000 Update: I spoke to the engineer who did the initial report in 2009. He did the report as part of an insurance claim. He remembered the building quite well and told me to be careful which I took to mean stay the heck away from that building! He said that there are definite water penetration problems and the cost of fixing it would be in the realm…[Read more]

]]> 31e820bc00c38cef939468097c8dfb28 NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650529 Fri, 24 Jun 2011 23:47:59 +0000 Thank you for all your responses. Is there such a thing as a perfect building in Sydney? Every single building I've inspected has had all sorts of problems.   I've pretty much made up my mind to not buy the property but I will try and ring the architect and the engineer who wrote these reports on Monday and see if they will speak to me about the e…[Read more]

]]> ba23a1c921f65171d2b8d21a376b51d9 NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650525 Fri, 24 Jun 2011 09:05:58 +0000 Thanks for all your responses. I'll change states although I think I prefer NSW's 5 day cooling off period rather than VIC's 3 day period? I think that's correct :-)The report says that the membrane is defective and that flashings require attention. The solicitor says the problem seems to be localised and not systematic but says there are breaches of…[Read more]

]]> 9e5bd966e841e237337e7eacc77f6672 NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650520 Fri, 24 Jun 2011 04:12:46 +0000 Thanks for your response Luke. The building has 83 units and it is in NSW. The lady who did the strata report mentioned that figure as a maximum but said it might be $10k. If I had a crystal ball, it might be handy :-) Just rang the building inspector, he said he did not see evidence of warped doors and or any signs of moisture in the apartment. It…[Read more]

]]> b9203dc3e585ac4f341a839ee215db38 NSW2011 replied to the topic RE: Urgent - bad strata report - within 5 day cooling off period - cracking & water penetration problems in the forum Help Needed! https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650517 Fri, 24 Jun 2011 03:51:46 +0000 Thank you very much for your responses. I've just been reading another document I sent. Some points taken from there:- says there is little point in wasting funds trying to get money from the builder because they are unlikely to be successful and suggests instead to create a maintenance plan. Says both builder and developer are in adminstration.-…[Read more]

]]> d0837295776d70a1e0a6a9c05cbbc737 NSW2011 replied to the topic API Magazine article in the forum General Property https://www.propertyinvesting.com/topic/4403345-api-magazine-article/#post-4645830 Wed, 13 Apr 2011 12:42:55 +0000 Congratulations on the editorial. I look forward to reading it!

]]> 1403944fabab115525b81c4bd26b6275 NSW2011 replied to the topic Making counter offers in this current environment ... in the forum Help Needed! https://www.propertyinvesting.com/topic/4403311-making-counter-offers-in-this-current-environment/#post-4645632 Sun, 10 Apr 2011 04:04:32 +0000 Shape wrote:
If this is a brand new listing and the agent havn;t had any "serious" buyers…then it be hard to pull the price down… On the another hand, if this property been listed for 40+ days i find it's soooooo much easier to bargain and the agent tend to be more "understanding " :) If you want to see how long a property been listed for go…[Read more]

]]> 2613dd63dca76e12d4672b62f9a45762 NSW2011 replied to the topic Making counter offers in this current environment ... in the forum Shape wrote:I went to an https://www.propertyinvesting.com/topic/4403311-making-counter-offers-in-this-current-environment/#post-4645630 Sun, 10 Apr 2011 03:46:29 +0000 Shape wrote:
I went to an open house where it was advertised as "$900,000+" I had a sneak peek on the piece of paper the agent was writing on…he had offers ranging from 620-830k ….ahhah It was sold for $863k 2 weeks later. I say offer what would make you "happy" no point buying something and feeling ripped off! dont rush! there are PLENTY of…[Read more]

]]> 42c81e133bdca6ffd2a3e2f7c324f60b NSW2011 replied to the topic Making counter offers in this current environment ... in the forum Help Needed! https://www.propertyinvesting.com/topic/4403311-making-counter-offers-in-this-current-environment/#post-4645628 Sun, 10 Apr 2011 03:28:03 +0000 Scott No Mates wrote:
pm me & i'll strategise it for you. snm

I have sent you a PM. Let me know if you have received it. I'm not sure if they are working!

]]> 25ea13d722c57e2a9a1a17c593d16da5 NSW2011 replied to the topic Making counter offers in this current environment ... in the forum Help Needed! https://www.propertyinvesting.com/topic/4403311-making-counter-offers-in-this-current-environment/#post-4645626 Sun, 10 Apr 2011 00:58:49 +0000 Thank you all for your responses and yes, I am buying a property in NSW! I've had problems dealing with this real estate agency. This agency sell 80% of the apartments in this area and I have found out since that they are owned by the developer and hence they are quite arrogant as they almost have a monopoly in this area. To cut a long story s…[Read more]

]]> a6aca612634c12b91789a034aaa9933d NSW2011 replied to the topic Making counter offers in this current environment ... in the forum Fully: The property I put in https://www.propertyinvesting.com/topic/4403311-making-counter-offers-in-this-current-environment/#post-4645622 Fri, 08 Apr 2011 22:50:26 +0000 Fully: The property I put in an offer for is advertised at $389k. I've spoken to the agent and he has told me they are only accepting offers that are $385k plus. The  agent told me that once they dropped the price to $389k, they would sell in a week. Hmmm … it's still being advertised a month later. I don't whether the sellers are delusional o…[Read more]

]]> cf38150d8684279048e101e8df76fffc NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/page/3/#post-4644371 Thu, 07 Apr 2011 07:33:39 +0000 Solomon10 wrote:
I am with bankwest and have never had a problem with them, easy to deal with. Although they did let it go down to the wire on settlement day but came through… If i am correct they still have a special going with no up front fees for new loans, check out their website to be sure.

Thanks for your post Solomon. Yes, the broker…[Read more]

]]> 5e55091a673c4aa6a553a94352661cf4 NSW2011 replied to the topic West south facing apartment in the forum If you have put an offer on https://www.propertyinvesting.com/topic/4403127-west-south-facing-apartment/#post-4644010 Tue, 05 Apr 2011 10:45:40 +0000 If you have put an offer on a property and it has been rejected but the property is still on the market, how long would you wait before approaching the agent again? The two properties are still on the market. One has been on the market for 6 months and the other property has been listed for almost 2 months now. Both of the owners (of each…[Read more]

]]> c9de02cbade9b2e5e7d3d9115ad5caf1 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum god_of_money wrote:Sorry to https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/page/3/#post-4644369 Tue, 05 Apr 2011 10:05:46 +0000 god_of_money wrote:
Sorry to hijack the post…

Just joking GOM … it has been very interesting reading  Carry on ..

]]> 09a1fbe71a967b660169fd67f41b3fff NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/page/3/#post-4644366 Mon, 04 Apr 2011 11:21:34 +0000 Thanks for that Kane! Bankwest is still my frontrunner but as their pre approval process doesn't count for much, I've decided to hold off applying for now. As I've got a 30% deposit (genuine savings), no debt, I've been in my present job for almost 2 years and a clean credit history, the mortgage broker doesn't forsee that I'd have a problem g…[Read more]

]]> ef4538e9133495cef81cd11fc63f02f7 NSW2011 replied to the topic Is property really unaffordable? in the forum General Property https://www.propertyinvesting.com/topic/4400859-is-property-really-unaffordable/page/3/#post-4629811 Sat, 02 Apr 2011 10:33:21 +0000 I am no expert by any means but I think the issue for me is not that housing is unaffordable but in certain areas of Sydney where I live, it's overvalued. Some people are falling into the trap of buying properties particularly off the plan that are worth less than what they bought it for when the apartments are completed. You have to be careful of…[Read more]

]]> 952fa43541f388702dc189182cf8b2bf NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/page/2/#post-4644364 Thu, 31 Mar 2011 23:21:43 +0000 Woah! This post exploded overnight. God_of_money, you hijacked my post but that's ok haha. Thanks for your advice Michael. My mortgage broker said I was 'vanilla' – I took this as a compliment. She meant that she can't see any problems as I don't have any existing debt, a good wage and over 20% deposit so hopefully there shouldn't be any problems.…[Read more]

]]> 6759a59eb7490449f2c05a411a16ed15 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/page/2/#post-4644345 Thu, 31 Mar 2011 00:50:51 +0000 Thanks, I'll check it out god_of_money!

]]> 78e1a8b026f6a319ca4688d6cd6782c9 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644343 Wed, 30 Mar 2011 08:28:06 +0000 I have very good vibes about my broker, I really like her and I feel comfortable that she has my best interests at heart

]]> 62d1d9b16a8a9c013e4dee3897f98862 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Yes, I have no desire to age https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644340 Wed, 30 Mar 2011 07:38:50 +0000 Yes, I have no desire to age prematurely. I'm quite proud of my crowning glory  I've spoken to the mortgage broker about this in great depth and mentioned I'd read this on some forums. I could see her laughing at me when I mentioned forums but hey, whatever. I'm dealing with someone at Mortgage House and she said due to the huge volume of loans t…[Read more]

]]> a3879953f0563f26e843566ecb864860 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644338 Wed, 30 Mar 2011 00:41:04 +0000 Richard, yes I saw $395 fee which is why I'm leaning towards the Bankwest product which is quite a simple loan and suits my needs but has the offset account attached for a minimal amount.

]]> 8ee8ba5c4d829e9679ca4fb755f4404b NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Ideally I'd like to be under https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644336 Tue, 29 Mar 2011 11:29:21 +0000 Ideally I'd like to be under $250k but realistically, I might be slightly over. I think I might have to wait until I find a property instead of applying for a pre approval and as Richard said, the pre approval for Bankwest are not worth the paper they are written on. My mortgage broker implied the same thing in a more diplomatic way! I'll have to…[Read more]

]]> fdab171ab3728ce656bc07505a7ac422 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644334 Tue, 29 Mar 2011 11:00:05 +0000 Kane, the mortgage broker suggested St George as well. I cannot remember why I dismissed it but I've just looked at the rates and the comparison rates seem very high compared to Bankwest.

]]> c2fa78a9129699c2309d0cb54130c3f5 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644332 Mon, 28 Mar 2011 23:43:45 +0000 Thank you Richard for your professional feedback and Sam for giving me the benefit of your personal experience. I think I have decided to with the Bankwest product as it sounds ideal for my present and future needs!

]]> 1d113e0fc3a2b0bee8c387d477e3ed62 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Thank you for your response https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644329 Mon, 28 Mar 2011 11:16:15 +0000 Thank you for your response again Richard. I chose a variable over a fixed loan as my extra repayments may exceed $10k. I know I'm coming from a totally different perspective being an owner-occupier first and then possibly renting it out. I will research those options that you gave to me. Thank you for your advice and your time once again.

]]> 934a84a518986b0e019c9b5764558657 NSW2011 replied to the topic Selling Properties in the forum What an inspiring story https://www.propertyinvesting.com/topic/4403169-selling-properties/#post-4644308 Mon, 28 Mar 2011 10:13:39 +0000 What an inspiring story Angel. Thanks for sharing

]]> c8bf4b6f32792503bd98d4381262fb05 NSW2011 replied to the topic Are Real Estate Agents Sexist? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/page/2/#post-4619953 Mon, 28 Mar 2011 10:00:14 +0000 Hi Sonya, thanks for your reply. I do believe the offers were presented to the owner. I think they are just playing hardball with the price. My bad, I went overseas last year and there were at least 3 of the same properties that sold around the $365k – $370k in that time leading up to Christmas. If the property is still on the market in a few w…[Read more]

]]> 5e4aaf7c992cfad9ba5c421a381827b2 NSW2011 replied to the topic Bankwest Premium Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4403175-bankwest-premium-home-loan/#post-4644327 Mon, 28 Mar 2011 08:28:39 +0000 Thank you for your quick response Richard. I have read a lot of your posts on the board and I'm honoured you have replied to mine!

]]> 70bcb0f064f0030be04e6e9af55811c1 NSW2011 replied to the topic Are Real Estate Agents Sexist? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/page/2/#post-4619951 Mon, 28 Mar 2011 01:03:51 +0000 I have just started looking at property and I found this to be the case as well. I am single, female and I look very young for my age. I recently put in an offer for a property and I was spoken to very rudely by the real estate. I felt he had dismissed me as a time waster and didn't ask me to put in a counter offer. I have little tolerance for t…[Read more]

]]> d565c89391c4937461a809cc08b24c8d NSW2011 replied to the topic West south facing apartment in the forum Thank you for the advice https://www.propertyinvesting.com/topic/4403127-west-south-facing-apartment/#post-4644009 Wed, 23 Mar 2011 10:59:28 +0000 Thank you for the advice Scott No Mates. I've just arrived home from the gym and read this. However, today I put in another higher offer for the east facing property and got a response they are focused on reaching the $385+ figure. Good luck to them. It has been on the market for 5 weeks. I believe they think now they have dropped the price by…[Read more]

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