Hi Songrad,

'Dodgy' tenants do seek out private landlords as the landlord doesn't have access to tenant's database.

By way of contrast the REA can check TICA before even considering a potential tenant.

This reason is the major benefit of REA.

Better to find out now than in the future when life gets a little tough.

Hi Bruno,

I can personally confirm what Terry and Richard are saying. Being an ex School principal my super is locked up in the govt system until I reach 55. Gives me a few more years to work out what & how I'll use it.

goatus wrote:

@derek – I estimated $8k each… but i was overestimating all my costs to be safe. So prices on average (we expect this to be long term -I realise it might move the wrong way in the short term) would have to go up around 2.5% a year to break even. Is that reasonable from your experience?

Hi Goatus,

No-one can predict the…[Read more]

Hi Freckle,

Good comments of yours.

@Dave – if you are doing some editing – make sure what is included is absolutely clear. I have seen too many agreements of all sorts that become vague when push comes to shove. Suggest you get someone who is not party to read any adjustments and get them to tell you what it means. If there is any discrepancy…[Read more]

Hi Bruno,

Quick check can be done by searching ww.realestate.com.au – not 100% accurate as some ads are only bait. But quick snapshot.

kong71286 wrote:

I have always been a fan of Honda Civics not only because of their stylish appearance, but also because of their reliability and fuel efficiency.

If you've never driven one, I highly recommend you give it a test drive

Kong = Honda Car Salesperson?

I believe HTW Monthly Report has a comment on all commercial markets including Perth. Suggest yiou check out their recent monthly reports.

Check out
http://www.yourinvestmentpropertymag.com.au/top-suburbs/wa/market-reports/

There is also a fair bit of information revealed on a google search. Some of it may be what you are chasing.

Not sure which state you are in so take what i say with a grain of salt.

By law the agent is required to present all written offers.

Mortgagee in possession present a couple of additional hurdles as the bank is required to get fair market value so the interests of the owner are still seen to be looked after. Having said that the bank will be…[Read more]

Hi Renel,

Not a broker so take what I say with a grain of salt.

In your situation (no PPOR) it is even more important you take out an interest only loan with offset account. Most people, not all, end up trying to buy a home at some stage in their lives.

Many who travel down the path you are taking by buying an IP first then want to release and…[Read more]

Happy to have been of assistance.

goatus wrote:
What is the capital gains implications now we have lived in each house separately for 2 years when we go to sell them later?

Hi Goatus,

Your two previously owned residences will be CGT free for each of you from time of purchase and up until you declare the new place as PPOR. Each of the two properties will start incurring CG…[Read more]

In most situations any piece of paper can form the basis of an agreement – provide both parties have signed said agreement.

Just make sure both parties sign the modified agreement and, in particular, initial any changes that are made to the standard form.

Hi Bindin,

The main thing to consider is that you are in a position to positively effect what you can do. While time has been eroded you do still have five years to take some action.

When seeking professional advice try and steer clear of a FP – they tend to try and sign y ou up for the latest and greatest managed fund on offer at the time.

PS.…[Read more]

Hi Berkeley,

I would suggest you sit down with a pen and paper and do the maths. Get some quotes in and speak to real estate agents about what sort of price improvements you could reasonably achieve with the renovations. You'll probably find a lot of the renovations can be largely cosmetic and don't require a lot of money – just time on your…[Read more]

I've made it to the big time – overtaken Terry (for all of 5 minutes)

But JacM – you Victorians have some fantastic places to explore in the Otway Ranges and the Central Highplains.

Bloody lovely country.

Pretty tough question as there are conflicting goals involved.

On the one hand most people buy a home to live in with the major part of their decision making revolving around emotions and practicalities such as; nice area, good schools, room layout, number of rooms, size of backyard and so. You can insert your own reasons for choosing one home…[Read more]

Hi Ryan,

Not a broker so take what I say with a grain of salt. A couple of questions/comments.

1. Will banks do 95% lend on vacant land? When I last looked this rarely (if ever) happened as banks generally consider vacant land as greater risk.
2. With NCCP coming on board banks steer clear of high LVRs to people without genuine savings. Simply…[Read more]

JacM wrote:
Mitsubishi Challenger.  Very awesome for going places off the beaten track. 

A fellow 4wder?

Landcruiser 100 series – Turbo Diesel. Great for heading out into the WA deserts every year and exploring the hidden treasurers on our south coast.

Hi gng,

I would write to your strata management pointing out the errors of their ways and once again request the arrears be removed from your statement. I would also place a time limit for this to occur – say two weeks.

After time has elapsed, and assuming you do not get a response, follow-up with phone call to the manager you have been talking…[Read more]