Alternatively you can use "Deceased", "Public Trustee" "Mortgagee" "Bank in Possession" etc as key word terms within re.com.au/domain.

Same when looking for fire damaged properties.

Sounds like you're in a great position early on.

Looking at your situation:

Access to significant amount of equity

Don't have current mortgage/rent repayments

Qualifications related to renovating

Accessing the equity on the property for deposit funds (and possibly renovation funds) means you do have the potential for your brother and…[Read more]

RPI, is that an area you delve in?

BTW Wilkie, earning over 80k/pa isn't 48% tax rate, it's 37%+medicare… Not as bad as you think.

If I was to look interstate right now, I'd be looking into Brisbane.

Written contract with 48 hour expiry is the usual tool at this neck of the woods. 

Best bet is to get some Val's done. A desktop val (computer generated) may come up substantially higher than expected. 

Which lender won't let you go IO?

I'd rather pay for results than remunerating for work input.

It encourages faster sales IMHO.

Good stats there Richard.

SA will most likely drop in FHB loan numbers as the grants finalise. 

It is interesting, I do see a lot of clients in the 21-29 demographic with large deposits living at home. There appears to be no great urgency to move out, as the resounding opinion is that they are scared to enter the market, as they have been…[Read more]

Kit homes as in transportable homes? Or DIY builds?

Assuming you're talking about transportables, generally valuations come in lower as it's not seen as high quality as brick builds. Lower pool of potential renters, but this can be dependent on location (some areas it is perfectly acceptable to offer a transportable as a standard for the area).

Never forget good ol' Wikipedia, actually has quite a lot of data on towns/cities/councils/suburbs across Australia. Includes population and economic indicators, infrastructure etc.

Whilst Terry's most might be duplicate, it highlights the very important point raised! 

You will be jointly liable with what ever party you hold with, and will be liable for their portion if things go to mud.

Hey guys,

There's a meet-up on the 24th June, 6:30pm, Seven Stars Hotel on Angas St.

Here's a link:

http://somersoft.com/forums/showthread.php?t=84714&page=3

Hopefully some of you may be able to make it.

http://www.sqmresearch.com.au/free-statistics.php It's free!

Pretty good for vacancy rates.

Mmmm 7.8% based on PP. I would assume the granny flat and house are rented as one property.

I would pass on it just because of the size of the town, but that's me.

Because you enjoy the company there, Jamie!

I have a friend who works as an RE agent in Surfers, when he came down last he was saying how much of a nightmare it has been the last few years. Developers creating MASSIVE oversupply, businesses shutting down everywhere. Doesn't bode well for a good investment opportunity.

Tanner, there are…[Read more]

Understandable why JacM wouldn't release suburb info.

BUT…. Some stats would be good. What sort of yields, avg. price of stock and growth potential are we talking here? Metro or regional?

Nothing but a good opportunity for Jacqui to draw some more clients in.

Mixed use, will most likely be a commercial deal.

LVR assume 70%, rate is deal specific but naturally higher than resi rates.

Some lenders don't know what to make of mixed use, as the comm's dept. see residential and want to handball it to resi, whilst resi see commercial and don't want a bar of it.

As Jamie said, its not so much a problem and can be rolled over.

But if a lender won't play ball, there's always another lender who will.

Agent would most likely already be looking to relist. 

I would just take it as any other purchase. If you sense an opportunity, take it as you see it. These things don't always necessarily pan out running on assumptions.

Your buyers advocate and broker aren't a part of the same company by chance?