Originally posted by Celivia:
Does anybody know whether smoke alarms are relatively safe? There was some hype surrounding the radio-active nuclear waste in smoke alarms some years ago, and I haven’t really heard any follow-up on that.

Battery operated smoke alarms are TOTALLY safe.

I dont know about raidioactive ‘waste’, but there is definately…[Read more]

Originally posted by Wylie:
We have wired in detectors in IPs and also at home. In our two previous PPOR we had them linked to back to base alarm systems but this time we were advised not to (by the alarm company). Apparently there are so many false alarms that the fire brigade has the option of charging for the false alarms. Charge could be…[Read more]

Allan,

Very sorry to hear you are in this situation im sure our thoughts are all with you. I hope it all works out for you. What goes around comes around, and if these people do end up getting away with this they will get it back on them some day…

Any notes you can take down with dates and times of conversations, names, events etc are very…[Read more]

I like the area, though. Long term it will be great (when its finished)…

There are much better places to buy for investment, but as I said its a nice spot, close to everything and if you want a new property close to the city, and are smart with your purchase you could get a great price from a motivated vendor… You may have to have a lower…[Read more]

TMA,

I live in South Yarra in a 5 bedroom house which I signed a lease for $560 per week. I rent out 4 bedrooms and have flatmates paying a total of $560 per week, therefore I do not pay rent and I do not have a PPOR mortgage to pay. The best thing is my dog and two cats dont pay rent here either and my flatmates are happy because its a great…[Read more]

Originally posted by TMA:
In devil’s case, it was a completed renovation causing the valuation to include the improvements to the property instead of land only.

Actually, the renovations are STILL nowhere near completion. I did, however have the following done to the place between valuations:

-Second Hand Kitchen $300
-Second Hand Hot Water…[Read more]

EG, my sister is 19, lives in WA and wanted to buy a property in WA, I told her to use a good mortgage broker (Terry W) but unfortunately Terry could not ‘work’ in that state as he is from Sydney…

[kid]

I think there is a different licensing system in WA (or something) so whilst you can buy property in other states through your broker on the east coast, to buy property in WA I think you have to use a WA broker that is licensed to work in that state.

Can anyone confirm this?

Dev [kid]

not sure what half this stuff means so cant help sorry… [grad]

Can you expand on what you are looking for?

a survey from this website?
[gossip]

hehe [kid]

Hi CME

Cashflow +ve, or -ve shouldnt matter, what you really want is an accountant who knows PROPERTY in general.

I live in Melbourne now but my accountant knows property, is very reliable and is very honest. He isnt cheap but who wants a cheap accountant??? You definately get what you pay for with accountants.

His details are:

Alessandrino…[Read more]

Cheers Steven
Very pleased with the result. Its not often I can say good stuff about banks so when it does happen it comes as quite a shock. They may not be so generous next time though…

Yes I am based in *sunny* Victoria…

Dev [kid]

Spoke to the RAMS representative today, and she advised that it all looks pretty straight forward and congratulated me for keeping everything so well documented hehe [gossip]

I think that may have something to do with her next question “how would you like the refund to be paid?” [grad]

I asked for a cheque. She said that she had to get it…[Read more]

Interesting about the LMI refund KS, I will have to follow up, that would be quite interesting to be able to go back at them with…

The process is already underway to get it back anyways, so will see how we go. The banking ombudsman people think its pretty a pretty straight forward case so I will wait and see…

Dev * [kid]

Its an IO IP

I love investing terminology [hat]

Dev* [kid]

TMA, there was no existing relationship apart from the fact I grew up in Perth (I dont think that helped though…)

The point of the second valuation was due to the house having no kitchen or bathroom when I signed the contract. The val came back at ‘land value’ only, so once I had put a kitchen and bathroom in they came back and did a…[Read more]

Sorry TMA, I thought I explained enough about the lender in my first post? [grad] [kid][laugh2]Who else offers a Really Average Mortgage Service??

I just got a loan with Bankwest, I have loans with ANZ and RA*S too [tongue2] Bankwest have been the easiest and the best to deal with by far.

No doubt my mortgage broker agrees too it was a very easy…[Read more]

Just a note, the original loan was signed up in 2004 which I paid LMI on as it was an 85% lend. Before I did the increase they told me it was payable on the increase amount only, as I had already paid LMI originally. The problem was that they changed their LMI companies and typically, forgot this when doing the new application. It took long enough…[Read more]

Thanks for replies.

Have spoken to the banking ombudsman and they said I have every right to claim around $6500 back from these people. I dealt directly with the lender for the increase.

Will let u know how I go…

Thanks again

Dev [kid]

This one is interesting…

As a vendor, I wouldnt accept a $1.00 deposit on a contract, and if I had more than one contract to decide on (several offers on the property) I would disregard the one with a $1.00 deposit and consider a purchaser who is being serious. If you cant come up with $1000, or even $500 as a deposit then dont bother. Keep…[Read more]