Just a note, my accountacnt advised of the "toothbrush test". That is to say, if you have spent enough time there to hang a toothbrush your fine. He said if audited and you have proof of address change (ie licence & rego sent to that address), power and phone connection in your name, and at least 1 bill to show domestic power and water consumption…[Read more]

So for the uneducated amongst us, at what point can the buyer recind the contract if the vendor is not ready to settle or wishes to delay the settlement date?Tammy

Thank you for the comments.I am not intending to purchase any, I have my own development projects running.  And I dont feel "right" about a dummy sales agreement. ANy thoughts on another bank that will run 80% on a lodoc for developments?CheersTammy

The mindset that 1 IP (bought $81K rent $150) was enough and to buy anymore was just being greedy.  Over that now.

hmmm…. so the $2100 I paid to have my trust set up with corporate trustee was at the expensive end?Bugger!!!!

Hi Tracey,I am very pleased for you to hear it all turned out OK. I hope you didnt earn too many grey hairs in the process!!Cheerstammy

Wow, why so cynical F?T

I guess it also depends on the area. I live and invest primarily in rural areas and would argue that the land value is not the higher determinant of the final price as the land is cheaper but the cost of construction higher than in metropolitan areas.The final price of a property is very subjective and it is very dependant on the buyer. An owner…[Read more]

Out of curiosity, how long ago was the trust established? Is there a Fair Trading avenue on this?Tammy

Sorry Kylie for the misunderstanding. I read it as though you were a buyers agent. I will call you today.CheersTammy

Dents when hit by golf balls as one resident discovered after building with it near the 8th!!!

Thank you for that KylieI will call you on Monday.Had anyone had any experience as a vendor?Cheerstammy

My husband had PRK at the Eye Institute in Chatswood in 2000 and apart from dry eyes occasionally, is very pleased with the results. In his occupation, it has made life a lot easier. At the time we researched all doctors who were performing this surgery and felt confident in our choice. It was interesting to note that whilst in the waiting room we…[Read more]

sweet!

Hi Lisa,Congratulations on what sound like an interesting journey. I hope that 7 weeks for council approval is sufficient time. I have just revieved word my subdivision approval has come out of council almost 4 months after it went in!!!! And just prior to submission, I spoke to the town planner who assured me it would only take 6 weeks. Then one…[Read more]

Hi Trustie,you can look to magazines like Australian Property Investor (at newsagents) for the growth in the area. Also, most REAs would be obliging enough to give you the info as they have it redily available. Alternatively, you can pay for an individual search with RP Data or Red Squre or join for the one week free trial at with PDSLive to get…[Read more]

Hi,Scientific studies that get reported in the media are often those that have the greatest emotion attached to them. There may be 10 that oppose this point of view. I am not suggesting that the report is right or wrong merely suggesting that it may only be one opinion. At the end of the day it probably isnt which study is more correct that will…[Read more]

Hi Trustie,Just a few thoughts. What is the zoning of the blocks? You can find this out from council who will also be able to advise the density level (ie how many per area). This will help evaluate the development potential. Have a look at what is currently being developed in your area, what sale prices the end dwelling are getting, what prices…[Read more]

on one we purchased the solicitor just hand wrote the % division against our names in the contract. That is the only place it is recorded. Have apportiotioned income and expenses according to this % at tax time. And when it is sold (for sale now) the distribution of profit will be as per the % division on the contract. Both the solicitor and the…[Read more]

Recently purchased in QLD on a $1000 deposit. I am in NSW an the standard here is 10%. I put an offer in with  $1000 deposit which the vendors solicitor advised against accepting, saying they wanted 10%. We settled on 5%. Apparently (and someone with more knowledge will be able to provide further info) there has been a recent case in NSW where…[Read more]