lol muppet….I was laffing at the state of my house and the fact Id rather log on than mop floors!! []

and arty…the kids are there…..somewhere!! LOL

~ It is better to live on your feet than to die on your knees ~ :þ

Renovate inside ?

It depends on what you mean by ‘renovate’.

If there are structural alterations then, strictly speaking, you need council consent.
If you are talking about painting or putting in a new kitchen I doubt you need consent. In any event who would know you have made alterations ?

Nevertheless I guess that the best place to raise…[Read more]

Mel I have actually checkd this type of scenario with the stampduties office (in NSW) and my statement is correct.

However, I believe you are quite correct in that, if you don’t exercise the option, that in that case no stampduty is payable [or at least not at the same rate as the transfer duty (stampduty) payable on a Contract of…[Read more]

Yes there are some solutions.

1. If the house isn’t a brick house consider shifting the house to one side so as to provide a driveway for the proposed new house at the rear, large enough to satisfy council requirements.

2. Offer the owners of the lane some money in exchange for access !!!

3. If the existing house is movaeable i.e. if it isn’t a…[Read more]

amit….give up on property all together….give ME all your houses…and I will happily buy you a pet rat just for you!!! NO!! I will buy you TWO little ratty mates coz Im just a giving kinda girl….LOL

~ It is better to live on your feet than to die on your knees ~ :þ

polar I dont know about anyone else…but those songs get ME pumped!! [}] [}] [}] []

~ It is better to live on your feet than to die on your knees ~ :þ

Pretty tied up and Anything goes tonight

Now polar….they sound like my kinda love songs!!! [] [}] [] [}]

~ It is better to live on your feet than to die on your knees ~ :þ

Anything 4 love – Meatloaf

I just died in your arms tonight – Unknown

Power of Love – Huey lewis OR that chick with the dark hair

Alot of stuff by bryan adams is lovey stuff

Elton John is good with that lovey stuff too

Novenmber Rain – Guns N roses

Ohhh a couple of choice Cold Chisel songs!!

Boy bands are full of it!!! I mean love that…[Read more]

lmao….I liked that one

typical….I say Paulini and she gets her ass thrown out!!

Im going for shannon now…bet hes out next week!!

I know of someone who recently bought a property at auction for $ 700 K yet the lender’s valuer saw fit to only place a value of $ 620 K on the property ‘because he considered that the
purchase price was too high’.

This is unheard off as it is pretty well standard practice that a sale at arm’s length (certainly a sale at an auction) that the…[Read more]

Guys, there was a time when interest rates were 11 or 12 % and the market didn’t collapse.

Keep things in perspective.

If one presently has a 6 or 6.5% rate of interest and if a ONE percent increase in the rates causes some people having to walk away from the loan and their property then I agree they are without a doubt overcommitted right…[Read more]

I don’t understand what is so complicated about the subject.

The less securities one commits to a lender for a particular loan the more ability you retain to
raise further moneys if required.

Pisces133

Thanks to all for your advice,

Makes sense to get a new valuation and LOC if 80% is achievable.

Yep, wish I still had my other houses. I don’t even want to know what they might be worth today.

Regards, Phil

Bill,

Thanks mate but I’m still confused. My home is where I hang my hat, if I owned a hat. I have no emotional attachment to bricks.

I understand the long term thought as per Mel’s approach. What of having cash on hand to grab an opportunity ? I don’t plan on living here forever. What’s the diff in selling whether it be IP or PPOR, given your…[Read more]

Hey Paul .. (sounds like a song)

OK .. anything by Elvis, Vanessa Amorosi, Dido or even the Dixie Chicks !! Not the Landslide one, the other one .. about the soldier .. (solllljaa)

If she’s a blonde .. “She drives me crazy with her long blonde hair” .. mmmm showing my age methinks ..

“Will you save the last dance for me” (girl singer, so it has…[Read more]

Hi Mini,

I knew someone would compose the same thoughts as I. You saved me the trouble.

Regards, Phil

Pelican,

Concur, concur .. a valid summary.

Regards, Phil

Alf,

HELP !!

I am experiencing the same indecision. I’m a bastard for procrastination. The what ifs are never-ending. One thing I have learnt, when I don’t know what to do I do nothing. Then the market makes it’s decision for me.

As you said Kay “If you think you have max value, then it’s time to get out”. Yet .. Mel’s proven approach is one of…[Read more]

If two people own several properties together then (it is my understanding) that they can exchange their share in one property for their partner’s share in another property and no stampduty is payable provided each of the shares in the properties is of equal value.

If one half of a particular property is worth more than one half share in another…[Read more]