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Just bought a IP that was built in the late 70s.
While the property is in good condition there doesn't appear to be any new renovation. ie kitchen, bathroom carpets, window coverings are probably about 10 years old.
for this IP would it be worth getting a QS report? i am thinking the depreciation on most items for tax purposes would be over and plus we are not particually high income earners.Well done Engelo. I have family in Coonamble, and just driving around recently I have noticed a lot more properties for sale. Could have something to do with a new agent in town but I have also heard of one particular investor struggling to find tenants and also buyers. But at $22K sounds like you found a good deal.
You might want to check with a few local property managers, In Dubbo many of the property managers won't take on properties in high density housing commission areas.
Thanks for your replies,Just wondering what options could be available. I will definitely bring up the early access when I meet with my solicitor.
After talking with family members involved in real estate, they have told me that vendors will only accept verbally (offer acceptance) if the purchasee is waiting on finance, while still continuing market the property untill contracts exchange. Finance shouldn't be a problem though (touch wood)
