The Sydney Building Information Centre runs regular seminars like this one: http://hiceventsblog.blogspot.com/

You just can't ring up a barrister  (unlike a barista) and get them to do your bidding. You will need to get a solicitor to instruct after the solicitor has gone through all of the motions. AS pointed out above either you serve notice to complete (which you have done) then seek to terminate the contract or you can sue for specific performance or…[Read more]

Agents are required by law to bank any money recieved by the close of the next business day. They must also provide you with a numbered receipt stating what the money is for, the date, the amount paid and by whom. This does give rise to an issue if you want to get the money back/withdraw the offer/offer is not accepted as the agent can only draw a…[Read more]

If you have owned a PPOR (to which you have said yes) – then you do not get it.If you have previously recieved the grant (to which you have said yes) – then you do not get it.

A property manager is someone (or a company) which manages properties for investors. They take on the legal responsiblities of the owner acting as their agent in regards to an agreed scope of matters pertaining to the property. Their works may include finding a tenant (marketing/inspections/lease negotiations/fielding offers etc), lease…[Read more]

Shiv, that sounds like a valuation for statutory/ratings purposes, not one prepared for market value.

Tools wrote:
If you are going to DIY then any glazier will be able to supply the glass and the patch fittings.Tools

They will only certify that their glass meets the AS not the installation (they cannot certify something that they haven't installed)

WTF – if you salary sacrifice the car (or pay addit to super etc) this comes out of pre-tax salary. You would generally have a car regardless of whether it was owned, HP, personal loan etc, so why do some banks crucify you for having finance transport? Sure your taxable gross is reduced but they should still be looking at your package.

Generally you would subcontract the lot to a balustrade manufacturer – I wouldn't bother taking the risk with trying to get your own installation certified by an engineer. What do you save when a kid falls through a non-compliant railing?

You should be able to check with council about the date of the occupation certificate for the building or the DA/BA date.

Equity = Property value – borrowingsProperty value is what the bank's valuer has assessed the property to be worth.What sort of valuation has a 'use by date'? Valuations are done on a specific day based on current market evidence, it is not valid for a period of time.Hence if you bought for $350+ sd and the bank has valued it for this amount, then…[Read more]

I'll just add one more point for consideration – pay it back on the PPOR, reborrow via a line of credit however much you feel comfortable with and use this for deposits on other IPs. Then secure the new IP loans against the IP not against your house.As above (more or less) – borrow $60k against your house on LOC or if you have other income to…[Read more]

Act stupid and ask one of the real estate agents who leases the properties out who do their owners use, if anyone?

Living in the old house means that you can claim the depreciation on the newly constructed investment property (if a QS has given you a schedule, then you will be able to claim more than just the 2.5% pa of the construction costs). Mind you, when you come to sell, you have to add back the depreciation to determine the capital gain.

It depends upon how much of the construction cost you are borrowing. If you are borrowing 100% of the costruction costs then the deposit is part of the loan, if not you loan is for a lesser value. What it means for you is that you will start drawing down once you draw the deposit & there may be a restriction on the number of payments made by the…[Read more]

Try one of the insurance brokers – you may pay a slight premium but at least they will test the market and come back with a range of options.

Why would it save you any $$? Just get a LOC on your existing place (to draw out some equity) and get a separate loan on the IP, nothing too hard about it. Losing a job is one thing, death/injury/illness may be harder to avoid.Why is your broker giving you tax advice? How would he know? It just makes the deal easier for them to sell to the…[Read more]

Not really. Although you would be on a monthly tenancy that only applies to the notice that you have to give, the owner (in NSW at least) must give 60 days.As a lessor I prefer to have the tenant tied into a lease however have had several not renew but go on monthly (the same conditions apply in holdover as they do to the lease period). You noted…[Read more]

Cross-collateralisation means that the bank uses both properties as the combined security for you loan. If each loan is 'stand alone' the bank can only take whichever property is secured against the loan which you have defaulted against.

Just go onto a monthly tenancy. Depending upon the state that you are in, once you are on holdover the lessor must give you 60 days notice. Just make sure that you are not in breach (in arrears etc) so that you are not likely to be turfed out.