Hi Oneworld,what service is each providing?a) Are any of them charging you an upfront fee ie getting commitment from your part to allow them to start representation for you? with the balance upon execution of a contract of Sale?b) Are they independent or are they trying to sell their 'own stock'? c) Are you being funnelled into a sausage…[Read more]

I'd suggest going further afield to Weribee/Tarneit where you will find several real estate agencies rather than just going to the local one who faces little competition. By all means ask the local, who may well shine above the rest but seek out a couple of different opinions from various agencies to satisfy yourself of who will give you the best…[Read more]

5%+ gst is a cracking rate. My only concern would be the quality of the pm.

The fixed term of the lease is just that, a secure length of tenancy. If you wish to break it, there would be penalties eg relocation costs, lease preparation fees, any difference in rent payable etc.

The area is extremely floodprone, just look @ the Macca’s, it wasn’t built on stills for the look.

what does the title have to do with the question?

Should be a wide range of properties in that bracket.

Look @ Valla, Woolgoolga & a few spots further inland.

nicolas_b wrote:
….The ratio of prices to rents in the country is fully 56% above its long-run average" Not saying I agree with everything in this article, it is interesting what this widely read publication is saying about Australian housing.

Hmmm…..simple, let’s increase rents by 56% to bring the ratio back into balance.

some states allow you to add your spouse to the title without stamp duty imposition. Speak to your solicitors/Conveyancer or the LTO.

that’s why I’m suggesting an unsecured personal loan to cover the bank’s shortfall after you sell.

you may need to see a specialized accountant like a receiver/administration type who could advise more specifically.

Seek out an alternative lender – maybe a personal loan.

talk to your consultants – Electrical & hydraulic engineer.

A dud investment is just that. Your best bet may well be debt reduction. Bite the bullet & sell at market value, wear the shortfall & pay it off asap. Your accountant would be able to advise if the debt would continue to be tax deductible.

The upside is that the capital loss can be carried forward & offset against future capital gains.

Remember…[Read more]

is using a family or discretionary trust an option? Thus distributing profit to the lower income earner first?

If not, 1%/99% split is not uncommon.

What are the levies comprised of? Council rates, insurance, garden/lawns, common area mtnce etc.

A decrepit semi or single-fronted house in the se or inner west of sydney.

Terryw wrote:
One of my friends bought a cashflow positive property in Sydney two years ago and it has doubled in value since. $1.5mil in CG. So it is still possible.

Buying an out of favour asset can yield great dividends esp with a rezoning.

not sell it…..but Then again, I needed the cash.

Hint, they may ask for $20k off for lino but it will cost nothing like that, even floorboards. Is semi-frameless screens too upmarket for the area? Possibly consider a sleek framed screen for half the price – they’ve got you running on emotion.

my definition of rich is different to the next person’s.

yes – get a walk-in robe just for added discretion.