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Thanks for the info Terry!
Not really what I wanted to hear though. So effectively we need to sell half of the property to the other family member and I am assuming they would pay stamp duty etc on the cost of their share they would be purchasing?
Warning government rant coming… greedy b*&stards we already paid them stamp duty 4 years ago when we bought the place now they want more!
Hi GF,
I've got a property in Taperoo SA and have seen values go slightly backwards like yourself. For what it's worth I am am seriously thinking of selling and taking the pain upfront rather than drawing it out over many years hoping for the market in SA to pick up. It is really quite frustrating as I think if certain SA suburbs where in Melb or Syd they would be potential gold mines.
It is a really basic theory but I just don't think the population is large enough (or growing quick enough) and there is still plenty of spare land (salt flats a Cavan for one) so I cant see the prices moving up any time soon. Also question whether the regional mining announcements have any substantial effect on the SA metro property market.
Thanks for the feedback
The agent handled the clain for us and they money we got back from insurance company covered loss of rent over 4 weeks, and a few minor repairs considered malicious damage. Further to that the PM claims that the money we received back was to pay for the mess the first tenant left, however we have emails from the PM stating that is would only cover loss of rent etc as above.
It is complicated yes, however the PM didnt do an outgoing inspection when the first tenant was evicted (they even admitted this was a mistake) however we are basing our claim on the first tenants ingoing pre inspection pics vs the 2nd tenants ingoing pre inspection pics so the difference in the condition of our property can only be attributed to the first tenants as the 2nd tenants inspection pics were taken just before they moved in.
I am also a bit annoyed that the PM will not address any of our complaints and has flatly refused to talk any further to us on the issue. This in my mind almost tells me that they may be negligent in their duties and have decided not to comment any further to avoid any liability?
