As per JP above, must be a pretty low agent and will need to be able to prove that you were introduced to the property by the agent ie did you contact the agent or inspect with the agent? If so, how long ago?

It is up to the vendor to sort this out as you have no contract with the agent.

If I were the tradie, I would utilise the Security of Payments legislation to recover the payment ie it doesn't apply to your PPOR however you are not protected if it is an IP. They have completed the work at the direction of the agent (your representative) and have a legal right to be paid. 

If contractors had no right to get paid because an…[Read more]

To answer your question about rising or falling median prices you will need to do your research. Why did the median rise/fall? Was there significant levels of development in an area ie large land release/ several apartment developments built/brought to market/completed? How did the number of properties brought to market this year compare to…[Read more]

Also speak to your accountant with regards to specific advice regards being able to claim costs (depreciation, outgoings, management etc) as well as how any additional borrowing will be treated.

Looking forward to selling off all my assets in 2013 & being totally asset-free with loads of bad debt.

No, that cannot be right.

Maybe I’ll just off load something to pick up a development site before the market shifts.

Looking forward to selling off all my assets in 2013 & being totally asset-free with loads of bad debt.

No, that cannot be right.

Maybe I’ll just off load something to pick up a development site before the market shifts.

A delayed settlement can be used to ensure that the vendor is able to provide vacant possession (ie will hand over once lease expires).

It might be done under the mistaken belief of cgt relief as cgt runs on contract date not date of settlement (might need to confirm this).

If it wasn't an ip, then it may just suit the vendor to settle in the…[Read more]

Unfortunately that is often the case with locations in the bush. You may be lucky enough to find a decent local agent but will find other agents are unwilling to take something on such a distance away if they are not local.

Did I miss that there was no toilet paper left on the roll either?

Have you taken into account any capital works or improvements that you have undertaken (and added back any depreciation claimed)?

Being out of the office meant to the agency that you were uncontactable, they won’t try too hard as they’ve got better things to do.

If they did manage to get hold of you, you would have approved the cost anyway.

As a hws is an emergency repair the agency wouldn’t have got extra quotes but used their trusted plumber.

As for the plumbers claim,…[Read more]

Qlds007 wrote:
Have a few clients who were convinced to take out a line of credit and then invest by their Financial Adviser in Timber plantations, mango's or similar such wonderful loss making investments.

Course they have now lost everything and still able to claim the interest on the loan until it is repaid.

Probably took out an…[Read more]

jmsrachel wrote:
Wife reckons I’ve been playing up all year. A big lump of coal for me.

The kids have seen the lump of coal I brought back from Singleton.

jmsrachel wrote:
Wife reckons I’ve been playing up all year. A big lump of coal for me.

The kids have seen the lump of coal I brought back from Singleton.

Not only are there the lotteries but I get contacted by many sons/daughters of XXXXX who was killed but have been entrusted with $Millions.

Why me? Have I got LO$ER tattooed on my email address?

The PM is still working for the vendor and the vendor is cutting their losses by not spending more money to evict the tenant which is of no benefit to them.

Yes the application can be lodged with Consumer Claims Tribunal but it would be post settlement & their care factor is zero.

If the tenant doesn’t vacate then you’re left carrying the can…[Read more]

Ask & get the vendor/agent to show you or explain the costs.

As  it is a bit of a mixed development ie highrise & townhouses, just confirm if you are subsidising the lifts if you don't own one of the buildings with the lift access.

I'll also add that common areas of strata buildings also are deemed workplaces and will need an asbestos survey carried out for the body corporate & provided to contractors working on the common areas,

Unless you secure it with residential property (ie cross it).