Hi Mel,

Just back from a short holiday in Victoria.

I was surprised to see you actually seeking help here. Then look what you did, in your usual style you found your own solution! I’m proud to know you kid and I value your street-learned input for what it is. Please don’t hold back from answering questions, as others have asked questions which…[Read more]

If you buy a property with someone who is not your partner (wife/husband or defacto) in my experience, in the absence of any contrary arrangement described in a written agreement between the partners at the time of purchase (emails between the parties involved probably nowadays are sufficient to establish the date of such agreements), the tax…[Read more]

>>did some rough “back of envelope” calcs:

……………….. but selling:

house cost – $315k
building cost – $35k
sell each unit for $200k = $400k
= profit $50k<<

Just looking at those figures it doesn’t look like a profitable exercise.

Cost of house ($ 315 K) + stampduty, legals, possibly some renovations, surveyor costs, council…[Read more]

Baby rats are so cool … do you have any photos yet Arty?
We have a wall at work where everyone puts baby photos – I put a photo of Jack and Harry (my ratties) up there. Needless to say, my workmates think me strange – I don’t understand why[][]

arty arty arty……*shaking head*

when are you gonna realise that you have to sleep sometime!!!

Bear….ty [][]

:þ

Also spend some time looking at project homes. Often you will be able to obtain a better price than from normal builders.

Just remember that whatever price they quote you will be increased by site costs, difficult access problems etc which you may not realise will add to the cost when you get told the price of the display home you are looking…[Read more]

Hi Andy,

188 hits on crap.(Apart from Mel’s implosive story that is), I can’t believe it.

To think that this post was purely for the purpose of making contact with Shaun with an idea .. still presumed locked in at work on overtime .. in fact .. I’m starting to worry now .. I hope he’s OK.

Andy, should we tell Propertylogist (sic) that only 4 of…[Read more]

Hi Propertylogist,

I presume the correct spelling of your chosen handle would not fit, hence dropping the first “o”. Even “Propologist” sounds better.

Nope, I am unable to meet your request to share such valuable information intended for Shaun’s perusal. Got ya guessing now, and no clues.

Jokes aside, I enjoy your posts and value your…[Read more]

It’s pronounced “G’day Mate” Jmskim! []

Just as a point, in the future I will be monitoring bank’s fixed rate rates over time instead of relying on what the RBA does.

In my opinion, what ever reaction (to fix or not to fix) is made after the RBA changes rates is too late….

Happy Debt servicing……

Cameron

The Juggernaught continues….

With all due respect, it seems that all of you have missed one important point when you choose to remain on a variable home loan mortgage rate …..INTEREST RATE CYCLES……

In case you are not aware, we have just seen (last 12 months) historical (40 year) lows. Rates are not going to get lower – so why remain on…[Read more]

Hey Bill,
am interested as well in ads and stuff.
Send to
lrobbie at netspace.net.au
Cheers!![]Lisa R

That’s good news, I had been waiting to hear what was happening – bank appointment next week to sort it all out!!

Mel,

My sincere apologies for my momentary lapse of attention to your rivetting story.

Do go on .. tell us more about the implosion. I was born in the same hospital a few short years prior to your arrival there. I took photos of the implosion that went wrong, as bits of the building exploded into the lake.

Remember Katie Bender?

Kind regards, Phil

Bill,

I reckon you’re right, again!

I posted just to make contact with Shaun and we end up with Mel’s life story. Bloody hell.

And still no sign of Shaun.

Have you totalled up the rentals in today’s paper yet?

Regards, Phil

>>registered in his wife’s name (who was Turkish nationality whilst he wasn’t and he could therefore actually own property in his own name). <<

Sorry I made a typing mistake. Even tough my friend is married to a Turkish citizen he cannot own property in his own name (so the above paragraph should have read ‘ ………… he couldn’t therefore…[Read more]

Investing in other markets than one’s own does provide some risks as well as advantages such as :

1. Unless you live there it will be difficult to manage the property efficiently or for that matter to locate a suitable investment property.

2. Currency risk. The economy of some of these countries you seem to refer to is in tatters so there is a…[Read more]

It may be some consolation to you, Shannon, to know that historically one would have been better off to remain with variable rather than a fixed rates.

Pisces133

Arty, I cannot see why a patch would be the solution.

After all I have no difficulty copying and pasting from other websites.

Jack

To all…

I think this interest rate issue is all a SCAM!

I fixed my $200k loan @5.75% for 3 years back in August this year.

Before the RBA raised rates last week, all the banks (including mine) had silently creeped up their fixed and variable rates since July this year bit by bit. Now, the public will think it is normal for the banks to raise…[Read more]