finance is the critical path and really you should at least have approval in principle going into an offer like this.inspections and valuations can be done in days, but lenders can dick you around.  Your profile sounds OK so on the surface it should be OK.  Any reason to push for 30 days?  agent proposal?  we usually offer 45 which is better tha…[Read more]

severley doubt you would survive an ATO audit

wealth4life.com wrote:
Very interesting read in the Tele on Saturday … 12,562 normal people declare bankruptcy in the last 12 months in NSW alone … financial education needed here …D

the number itself doesnt say much….what is it normally? how does that compare with other states/other countries?  is this a marked increase?  6.7 million p…[Read more]

I am actively trying to do this at the moment.  The first one turned out so well , I would like to get another in the same group.  All Ros's comments make perfect sense to me,  and hopefully you would have covered these in your own way with purchase number one.  If your happy with your current investment and like units why not?

seriously is scamp for real or just a troll poster – saying things to get a reaction?  if there is only one message we probably only need to hear it once, we can take it as read after that

as far as I no Lilydale topping has no added cement or other herbs and spices, it compacts well in its basic formnever heard of poor mans cement.  We use 14mm screenings (blue metal in NSW) and have found that it compacts down very hard under car traffic and quite well elsewhere in a month or two.  We have this stuff as a long driveway and have n…[Read more]

god_of_money wrote:
Well analysed scamp… 'We will witness Major property collapse in 2009' if your prediction is true.Let's wait to proof who is wrong…Another 12 months are not long to wait.

is it analysis or just opinon ?  there are so many "it is said"s and unsupported assurances it hard see much more than a bunch of re-gurgitated media…[Read more]

hi285k (if that is the total including costs) + 50k , brings you to 335k for a 3 bedroom 1 bath place in FTG,  which sounds about right for a nice 3BR.  It would be unlikely to get a multiple of your reno costs back unless there is more land or some point of difference (views?) for the property.   Is there something about the place that leads you…[Read more]

what does the article really say?   there are many reasons why properties are of the market.  We recently bought a unit and spent 3 and a bit months renovating it.   It was vacant ,  and if you were a total pig perhaps you could have lived there,  but in reality it wasnt rentable or livable.   We had people inspecting as the new floors went dow…[Read more]

suburbs with bad reputations?Toorak….too many self important women trying to do u turns in the main street in 7 series BMWs and Range RoversBrighton …. more wankers and posers per square metre than anywhere else in AustraliaThomastown …..  too close to SydneyBurwood….same name as Sydney suburb therefore a loserCollingwood …appalling…[Read more]

given my usual feelings about estate agents and car salesman, I am finding it odd that I am agreeing with you.I deal with 3 different agents:one old worldy , ethical gentleman type.  very straight down the line to deal withone very professional , switched on,  nicely documented inspections etc…..wish they were all like thatone bunch of really n…[Read more]

sounds like good buying in that areayour plan sounds good and aggressive.  Its difficult to comment on how good your budget is as we dont know how well connected to trades(and/or how personally capable you are).   Having just finished something similar in Thornbury , for me, you seem to have the big things reasonably correct but the collection of…[Read more]

poordeveloper wrote:
Thanks for the replies people.   Everything else in the house is in very good condition or will be renovated so I think I'll bite the bullet and install heating as I would really like to find some long term tenants and keep them happy.   It already has a wall air conditioner in the living area.I've had the split cycle a/c…[Read more]

positives of off the plan are stamp duty savings and establishing a foothold in the market before having to committ serious $.other side of the coin:ensuring the builder/developer will deliver a quality product;if your timing/positioning is bad and the market turns you can be left with an overvalued property come purchase time (this has happened…[Read more]

getting cheap vinyl (unless you are able to find a deal where cheap does not equal poor quality) only brings the next installation (the cost you appeared more worried about ) that much closer.   Its not a good area to cut corners in.   How many square meters are you covering?

simple wrote:
1. The man I know just sold his boat for under 1Mil and purchaser asked him to indicate higher value so he can get 100% finance on pleasure cruiser…….2. Few of my friends have refinanced there's PPOR do draw the equity to……..purchase car…….go on holiday3. We just purchase industrial land, part of larger block of land…[Read more]

If the cracking is significant and structural (large cracks running through external walls,  doors windows jamming) then the body corporate should be looking at repair and stabilisation work (underpinning).  If the cracks are cosmetic to internal plaster with no other major symptoms, then thats a feature of life across some areas of drought a…[Read more]

if you have recently purchased the property and are renovating it , the general rule is that any work/installations will be regarded as improvements and can only be claimed over time as per the doc V8 states(logic is you knew the issues when you bought it so its not maintenance and not immediately deductible)we are just finishing off a similar…[Read more]

talk about throwing the baby out with the bathwater     he takes risks to bring people like Ollis into public view,  the complete judgment makes interesting reading and you can choose to focus on the 5% you chose to cite or the other 95% re-affirming the position he took.   Sadly he is not perfect ,  but to say you cant believe a word he says b…[Read more]

this thread seems have taken off in a couple of directionsno working an an employer is just not for suckers.  The people that slave away in unproductive franchises or to pay sky high shopping centre rentals arent necessarily being very smart just because they work for themselves.  Just depends on your needs and aptitudes,  not sure why people fe…[Read more]