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  • Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
    Join Date: 2007
    Post Count: 12

    Hi Nevilleg,

    Probably not if is brand new but just in case you still would like to get the inspection done. A cheaper option is to find building inspection service via yellow pages or google. Archicentre charge a premium for their service. We were looking for an interior designer to get the concept drawing done and the quote I got from Archicentre is $200 higher than the local one… in fact the designer would have been the one Archicentre would recommend.

    Panda

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
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    Hi Bendbanks,

    Can't open the link…

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
    Join Date: 2007
    Post Count: 12

    Melb was a bit quiet due to AFL last weekend

    panda

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
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    Post Count: 12
    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
    Join Date: 2007
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    Hi AAQ,

    Don't be too upset, I got -257

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
    Join Date: 2007
    Post Count: 12

    Thanks guys

    Really appreciated

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
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    Post Count: 12

    Hi Qlds007,

    If is wrong please correct. We are all here to learn.

    This is what I was told by my own accountant.

    Cheers,
    Panda

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
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    My understanding is if the selling price for a property is over $500K, you will lose your first home buyer grant

    Sorry,

    Correction: Only for PROP. If this is an IP, you can still claim it next time round (provide is less than $500k)

    Profile photo of PandaQiQiPandaQiQi
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    @pandaqiqi
    Join Date: 2007
    Post Count: 12

    Hi All,

    I've done something similar. Have 1IP across Monash Uni, 3 bd. Good thing is the rental return is better than renting a whole house.

    CONS is you have to make sure your tenants can get on well with one another. Else your house will end up like a mess b/c everyone refuse to clean.

    Be careful if you are renting across uni, I found many students will "sub-let" your lounge without letting you know. I.e putting partition in the lounge to create two rooms and then renting it cheaply to other students.

    I now have a very trusted, long term tenant to look after my lease for two other rooms and he had a say whenever I get another tenant in the house. Still better return compare to renting a whole house.

    panda

    Profile photo of PandaQiQiPandaQiQi
    Member
    @pandaqiqi
    Join Date: 2007
    Post Count: 12

    Hi AO,

    My understanding is if the selling price for a property is over $500K, you will lose your first home buyer grant.

    Also, why would you want to value higher if you are only buying? If you plan to refinance later on, that's fine but always BUY "CHEAP"

    As with the valuation around the area, yes the new project will help to bring the price up in your area. (given similar comparables.)

    Hope it helps

    Panda

Viewing 10 posts - 1 through 10 (of 10 total)