see if you can find out who she is now working for. In nsw all Realestate Agents are registered with fair trading office and their place of employment is also shown.

pretty typical, those that enforce the regulations won’t tell you, those that manage them won’t give advice.

FHOG requires that you actually live in the property sometime in the 1st 12 months.

There have been several prosecutions for falsification of claims.

pretty much so, you are only able acknowledge one ppor at any point in time.

I'd also add a 'real contact number' both for place of employment (front desk/reception) and for all other contacts (sure voip might get you a phone number which diverts to a mobile but that would be downright deceptive).

I'll have to ask a couple of really stupid questions:If a smsf can buy commercial property, which like any other property requires repairs, maintenance and eventual replacement (a building is a diminishing asset – unlike the land on which it sits), why would the law allow the risk of diminished returns through an unleaseable asset over the…[Read more]

For a little more insight into my comments: http://www.reao.com.au/forum/blog.php

I'll have to recommend them to a friend DW, they're the best…….

If you have discovered the vendor's motivations to sell eg divorce, property settlement from estate, keeping bank off their back etc then it is a good start. You will need to determine whether they are then sufficiently motivated to sell prior to auction – an agent must present any offer to the vendor regardless of method of sale.In some instances…[Read more]

were those the old ambassador motel? Very small studios but offering reasonable +ve cashflow & hard to borrow against.
I’d be more inclined to look at a few flats around Penrith.

more like banks are overexposed to residential, however will increase that by taking on presold residential developments (go figure) but have little confidence in commercial markets and are very underweight in this area by historical averages.

a couple interesting articles today in business spectator & the eureka report. Banks withholding finance to new developments as a form of ‘price support’ ie withhold supply & cause demand to build up.

a CMA is only a computer modelled analysis. The buyers Agent’s CMA is no more than an appraisal dressed up as a worthwhile exercise, unlike a valuation it holds no water. The computer models recent sales data and provides a sale range, physical inspection guides the Agent’s guesstimate but backs up/validates their figure.

RP Data & APM both…[Read more]

Generally, the vendor & purchaser rarely meet. The vendor’s agent or solicitor should have access to them.

Land zoned for worship or special purposes is becoming more valuable as it is becoming harder for such organisations to find suitably zoned land at an affordable price. The special uses zone is extremely restrictive as to the uses to which the land can be put and may take years to achieve an effective rezoning.

i wouldn’t mind buying tassie but it is a small state, victoria too is small but there are just too many people to buy out.

terry, do you mean liability for purchaser or vendor? Cgt for purchaser would be even greater if purchased at a large discount.

if you’re green & keen on a site, get your inspections & due diligence done. Not doing so is folly. Be prepared to spend money on sites that don’t come off.

A vendor going to auction wants closure on the day not a conditional contract.

A CMA is a computer generated report from rp data or other supplier, it should cost less not more than a val.

Htw may have done a mortgagee val or finance val, another valuer may be able to assist.

Depends on the area I may know someone who could give a more competitive CMA.

use 2 methodologies eg dcf & tdc. If they give similar answers, then it’s a goer.

Discount factor of 15%