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  • Profile photo of Scott No MatesScott No Mates
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    December 27, 2013 - 3:12 am

    If you advise the agent that you want to buy the unit, there may be some provision in the managing agency agreement which makes them entitled to a commission as they have introduced the buyer to the owner (yes, there are such clauses).

    Do you want to buy the unit because it is a good investment, 'it seemed like a good idea at the time', or just because you like the place and want to continue living there? There may be several other units in the same price range which will make better investments.

    Profile photo of Scott No MatesScott No Mates
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    December 26, 2013 - 12:39 am
    Matt_Arnold wrote:
    Merry Christmas All Is there any theories around what is the best day / time of the month to make the monthly interest payment on a I/O loan linked to an offset account ?

    If the money is sitting in your 100% offset account it makes absolutely no difference whether it sits on the mortgage or separate account providing that you do pay.

    Profile photo of Scott No MatesScott No Mates
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    December 18, 2013 - 11:32 am

    …because your rent is too low?

    Profile photo of Scott No MatesScott No Mates
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    December 12, 2013 - 12:16 pm

    This is not the UK this is OZ, our tenancy laws are different.

    All the information you require is on the consumer affairs/fair trading website, if unsure, use a property manager until you understand the tenancy laws. BTW, there is a new tenancy act in WA.

    Profile photo of Scott No MatesScott No Mates
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    December 12, 2013 - 12:12 pm

    Get back to the applilcability of GST, if it is a residential property (not new residential as defined), then there is no GST. (or are you confusing this with CGT)???

    Profile photo of Scott No MatesScott No Mates
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    December 11, 2013 - 12:27 pm

    The property is residential? Ask your accountant (quickly deregister for gst & plead ignorance) ;)

    Profile photo of Scott No MatesScott No Mates
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    December 10, 2013 - 12:47 pm

    Whether you are an (sales) agent or a property manager, the licensing requirements are exactly the same.

    Profile photo of Scott No MatesScott No Mates
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    December 6, 2013 - 10:04 am

    Went to a property conference recently, one of the cases was a compulsory acquisition with parties in a joint submission. Judge heard the case as a single item but made seven different judgements (one for each owner).

    Profile photo of Scott No MatesScott No Mates
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    December 5, 2013 - 12:56 pm

    Generally, I have found that if a client has been willing to provide  a reference, I will check with them if it is ok for a prospect to contact them to verify the service. Why would there be a privacy issue. (If you could trust an agent to provide only the best of references, all legit too.) ;)

    Profile photo of Scott No MatesScott No Mates
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    December 4, 2013 - 11:07 am

    What specialisation ie: retail, industrial, office?

    Check out the api.org.au website

    Profile photo of Scott No MatesScott No Mates
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    December 1, 2013 - 10:39 am
    ten_burner wrote:
    I use a combination of my own labour and tradies,, tiles for the tiler etc) I find this saves a lot of money.

    Providing of course that you can buy just as competitively as the subbie. If you're buying from Bunnings you're probably paying over the odds.

    Profile photo of Scott No MatesScott No Mates
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    November 29, 2013 - 12:31 pm
    suavemechanic wrote:

    any idea what property managers get paid ?

    About $45k if they work with resi. No wonder they get disillusioned.

    Profile photo of Scott No MatesScott No Mates
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    November 24, 2013 - 11:32 am

    By all means, follow up with Fair Trading. The agent is obliged to account for all monies received and paid to the owner. 

    I am a little lost as to why the rent was in arrears – is it the current tenant or from a previous tenancy?

    There is no relationship between yourself and the current tenant, you do not have their contact details and nor can the agent provide these to you. Payment was a mistake on your part but the agent probably has no right to keep/disburse those monies if it does not relate to your current rental.

    Request a tenant ledger – were you on the lease? If not, how can the agent accept money from you?

    Profile photo of Scott No MatesScott No Mates
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    November 20, 2013 - 11:03 am

    Not sure about the RCD but in NSW (at least) the smokey is an essential (it is nominated in the contract of sale) – so confirm with your solicitor.

    Profile photo of Scott No MatesScott No Mates
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    November 7, 2013 - 8:59 am

    If it has now been registered on title, then you will have to honour it. Have the trees grown over 3m?

    Profile photo of Scott No MatesScott No Mates
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    November 2, 2013 - 12:53 pm

    Plenty of examples can be found with roadways/railway reservations which haven't been transferred between different levels of government.

    Profile photo of Scott No MatesScott No Mates
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    October 29, 2013 - 11:31 am

    The thing to watch with the inlaws' house is that there may be a land tax liability which arises on it as it is not your partner's PPOR.

    Profile photo of Scott No MatesScott No Mates
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    October 28, 2013 - 8:52 am
    Henry Adams wrote:
    Hi All,

    Does anyone here know or have the list of Property Spruikers in Australia or Sydney in general ?

    Cheers,

    H

    Basically anyone who invites you to a free seminar on PI, +ve CF, buying property in super etc and then having a list of properties to choose from or roping you in to buying some expensive mentoring/education course.

    Profile photo of Scott No MatesScott No Mates
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    October 27, 2013 - 11:01 am

    a) does it contravene your by-laws for the block of units?

    b) do you need to get council approval? Plenty of areas require specific approval to stop houses being leased out for parties/holidaymakers etc.

    Profile photo of Scott No MatesScott No Mates
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    October 23, 2013 - 4:45 am

    Wilko, that theory doesn't take into account what the property may owe the owner eg: have they spent $200k on improvements/extensions etc? Puts a different light on things.

    I saw one recently which sold for $200k over the buyer's range (admittedly the agent noticeably underquotes the range all too often). Average growth over past 20 yr is around 4-4.5% pa, looking at previous sale and escalating price to 2013 would have brought the property up to around $1.3m add the extensions, refurb, landscaping, garage, driveway etc blows another $200k. After interest, selling costs, rates etc (as PPOR), the owner lost money not made $700k over the term.

Viewing 20 posts - 121 through 140 (of 3,804 total)
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