Sounds like the Agency Principal wanted the sale and the management.

Interesting customer relationship skills – given RE is based on relationships this is not a good sign for this agency.

Hi Jerome,

Sounds like they may have been talking out Tweed Heads on the Qld/NSW border.

Pretty happy with the outlook for Perth property at the moment.

Some points you may wish to think about:
* low unemployment rate
* population growing (according to various sources) by 1000/week
* current property stock levels below long term norms
* Long…[Read more]

I am not a Terri Scheer insured person but 6 weeks is common for tenants absconding and not paying their rent.

There is often a separate section which provides more extensive coverage when the property is made inhabitable through damage such as a fire. I would have expected your fire would have been covered under this section rather than an…[Read more]

Some professional packages allow a 'number' of free valuations each year. Typically this may only be 1/2 valuations so you will need to check your package (assuming you are on a package) conditions.

Varies from state to state – which state is the property?

No worries. Running a business would certainly suck a lot of time out of your day.

There is some research which suggest proximity to a railway line is a big plus for capital growth.

If I were you I would first look at the fundamentals of the area and the property and only when this is sorted worry about the management issue. To me management is…[Read more]

Maybe wait to buy the holiday rental ay your dream location when you have money to burn.

Not now!

Somebody345 wrote:
  
Was first looking at an NRAS property in Evanston SA and now i'm looking at other options first as I thought they seemed a little overpriced compared to other houses in the area.

I have seen a bit of NRAS stuff advertised and this comment could be applied to a fair proportion of the stuff I have seen…[Read more]

For mine Buyers Agents really come into their own if you are not familiar with the area, lack confidence or don't have time.

So, if you can put the time in to learn the market in your chosen areas you probably don't need a Buyers Agent. I suspect the market in y our list of suburbs is very much in your favour at the moment so you will be able to…[Read more]

Robert Kiyosaki just filed for bankruptcy according to this news article.

http://www.perthnow.com.au/business/your-business/author-of-rich-dad-poor-dad-files-for-bankruptcy/story-fn7ve51c-1226494438698

Probably not a good look for an author of wealth books.

Hi Terry,

That is correct – conveyancers/settlement agents pretty much an interchangeable title and cannot give legal advice. 

Any curly ones will be referred to a property lawyer.

If the spousal transfer option isn't available then a sale is not a bad thing apart from selling costs.

It means you'll have approx $500K to reduce your new mortgage by. The total savings in non-deductible interest payments will be very significant indeed.

If you wanted to invest in other property post the sale of your previous PPOR you'll be…[Read more]

Hi Bobbi,

It is good to see you are focusing on the guaranteed loan. It is really important to 'get your parents off the hook' as soon as you possibly can. Clearly this is something you are aware of.

You haven't mentioned where your property is but if it achieves any growth that will also help you with the release of the guarantee. For example…[Read more]

Hi Boondog,

You said, "My income of this amount is only guaranteed till the end of 2013 so I'm keen on investing aggressively buying neutral/positive geared properties. Is this a sound game plan?"

On the limited information available it sounds as if you'll need all of your cards to fall into place and at the right time.

You are not sure of…[Read more]

Hi Steven,

Recommend you read post 9, 10, 19 & 20 (or thereabouts from memory) as these are the comments of people who own/owned a serviced apartment.

Others of us have used our knowledge and broader property experiences to stay away from serviced apartments.

Hi Bobbi,

Normally I would agree with Jamie – on this occasion I would be trying to release the guarantor as quickly as possible.

Do you know the details associated with the guarantee?

EDIT – If I was being a guarantor for someone I would like to know that my exposure is kept to a minimum both in terms of timeframe and $$

I am sure Deppro are cheaper than $680 ish. Might be worth a call.

Cheers for that/ Just curious.

Hi Belinda,

OK – I'll bite.

What is a Siacci System?

JacM wrote:

Interestingly, I have friends that live closer into the city but find it near impossible to get on the train because all trains are full by the time they reach the stations near the city.

Happens in Perth too. Some lines are pretty full pretty early and those closer struggle to get much room if they do manage to get onto a train.