Hi ReecoGood to see another one of your posts. You haven't posted for awhile so I guess that must mean you have been busy soaking up all that great information. Sigh, I am a little green with envy but will just have to live vicariously through your always interesting posts.
Geez, we were owner builders and thank goodness we didn't have any of the problems mentioned above. Mind you we did live in a rural area where very little ever goes missing but if it was in town it would have been a totally different story. It was a big job and we build a great place that was done better than many builders might have done. Ho…[Read more]
I think it adds a temporary safety that may save some people from having their homes sold from under them or who will have to sell them voluntarily for less than they would like. It is only a deferral of interest payments – meaning borrowers will still need to pay the interest (accruing interest) down the track. Definitely better than nothing a…[Read more]
In my local area (coastal mid north coast) I have found that the first home buyer grant has definitely boosted the prices in the lower end of the market. Those properties owned by people still wanting top dollar have been sitting there for 5 or more. Well priced units and houses are being snapped up quickly. However, the prices are still less t…[Read more]
So if I am hearing correctly Reeco, you are saying that it is best to keep your expectations flexible because although everything is being 'delivered', there can be unavoidable changes in the schedule, and rigid expectations can cause frustration? I really enjoyed your posts of 2 April. I think you have a flair for writing that is just becoming…[Read more]
You have my deepest sympathy. We just sold and bought and the bank's inefficiency, tardiness and difficulty in being about to talk to anyone who had the right information etc was quite painful (different bank to yours). We are told it is due to lack of sufficient staff members.
Hehehe. Sure does. Learning from Hong Kong is seriously keen. I have no idea why my name would pop up Reeco. You would have explain – if that's permitted.It has been interesting to watch the local prices and buyer interest levels from September to now. Prices slumped and buyers were thin on the ground before Christmas and some agents sounded so…[Read more]
Yep. I have. For those unlucky enough to get a fixed loan before the interest rates plummeted, the portable ones are the lesser evil. You can transfer the security from one property to another or, to a cash term deposit. It also means that you don't have to pay the full loan application fees or goes through as much rigmarole if you would ha…[Read more]
Thanks for feedback. After speaking to council and others we have decided to try and exchange subject to the survey report showing the house is inside the boundaries. We feel pretty confident that it is. We will have to pay for it but it will give peace of mind. The builder of the house had a very good reputation we found out after a bit of sl…[Read more]