It depends upon how much you know about the site and if there is alot of interest (how many contracts are out)? If there are only a couple a week or two out and no real interest, throw in your offer & see how it goes. If it doesn't fly, there is always auction day (your offer may be higher than where the auction gets to on the day).

Very nicely thank you very much.  (PS if I told you, I'd have to kill you).

I have known Andrew Gee at West Ryde for a number of years www.andrewgeerealestate.com.auHe has been in the area for a long time and managed/sold some of ours over the years as well as carried out other duties when requested. This is a small family concern and they are very proactive.

Paint, carpet/lino, door handles, cupboard doors or handles, tapware, light fittings, basic shower screen – all cheap and cosmetic. Respray bathroom tiles/bath for a new colour.

Yes Cam, you turn an IP into a PPOR by living in it. CGT is still payable upon the proportion that it was used as an IP eg 2 years of say a five year ownership (living in it for 3 years as your PPOR) – and you may get the benefit of the reduction in cgt.

Another option – take up one of the offers by a bank to transfer your credit card balance to a new card for a 0% or greatly reduced rate. Cut up the card and pay the balance back ASAP within the interest free/reduced interest period. Don't use this credit card…

You were right in the first attempt tony. If you have any capital losses, these can then be used to offset some or all of your gain as well.

It depends upon a number of factors as to whether it will add value or not. Is getting an approval going to be easy or is it going to involve months of negotiation, rezoning, engagement of consultants, commissioning of expert reports, making representations to councillors, greasing palms etc? If it is the latter, then you may be able to increase…[Read more]

As you already have a background in sales & marketing, do the introductory real estate sales course (to enable you to work in the industry as a sales person). Speak to a few agents (both principals and sales people) – do it on a quiet day in their offices ie not Frid/Sat at an open house.There are numerous openings due to the variety of property…[Read more]

Unless you are expecting problems, use a conveyancer.

The owner cannot invoke the mortgage insurance, only the bank (the insured). The vendor will have to come up with the shortfall between the net sale price and the outstanding loan amount. Seek legal advice as to whether you can sue for specific performance and lodgement of a caveat on the property to prevent the bank disposing of the property under you.

Cap growth or returns – it all depends upon your situation. If you need to generate additional income to support your portfolio/loans, then go for cashflow, if not go for capital growth however it will depend on your particular circumstances."how do you find out if they are actually tennanted most of the time without taking agents word for it?" -…[Read more]

Cap growth or returns – it all depends upon your situation. If you need to generate additional income to support your portfolio/loans, then go for cashflow, if not go for capital growth however it will depend on your particular circumstances."how do you find out if they are actually tennanted most of the time without taking agents word for it?" -…[Read more]

Cap growth or returns – it all depends upon your situation. If you need to generate additional income to support your portfolio/loans, then go for cashflow, if not go for capital growth however it will depend on your particular circumstances."how do you find out if they are actually tennanted most of the time without taking agents word for it?" -…[Read more]

Cap growth or returns – it all depends upon your situation. If you need to generate additional income to support your portfolio/loans, then go for cashflow, if not go for capital growth however it will depend on your particular circumstances."how do you find out if they are actually tennanted most of the time without taking agents word for it?" -…[Read more]

Cap growth or returns – it all depends upon your situation. If you need to generate additional income to support your portfolio/loans, then go for cashflow, if not go for capital growth however it will depend on your particular circumstances."how do you find out if they are actually tennanted most of the time without taking agents word for it?" -…[Read more]

As the 'unit' is more like an individual house, the only things that you cannot change will be extrernalities ie colour of building, roof, gardens etc unless the entire building and courtyards are part of your entitlement and the common areas are the areas servicing access, garbage areas and the like. A small body corporate will make life easier.…[Read more]

Talk to your accountant prior to deciding upon any course of action – it should save you a lot of time.

Go to the CSR or Boral website sites for the appropriate installation methodology. The Building Code of Australia stipulates that all wet areas are to be waterproofed using a proprietary system of waterproofing ie get someone in who will provide the mandatory 10 year warranty on waterproofing installations – it is too critical an area to cut…[Read more]

Pez, I'd recommend that you met up with one of the Council's town planners to discuss the possibility of getting an approval – I note that the block is smaller than what many councils will allow for 3 dwellings to be built ie many require about 900m2 as they have strict conditions regarding the provision of private open space, landscaping,…[Read more]