Originally posted by elkam:
Hello Derek

Surely that means:-

a. It’s legal to have a cooling off period put in the contract.

b. As there is no cooling off period defined in law, if you don’t put it in you can’t just change your mind.

Or have I misunderstood something?

Cheers [smiling]
Elka

Hi Elka,

There is no legal requirement for a…[Read more]

Hi Istreet,

I’ll cut straight to the heart of the issuee here which methinks you are avoiding – why is there a ‘black mark’ on your credit rating?

As dohicky indicates there are blackmarks and then there are BLACKMARKS. The nature of your black mark will really determine what you can and can’t do.

Derek
derekjones1@bigpond.com
The Investors…[Read more]

Originally posted by crashy:
3 years ago I was here warning that there would be 30% falls in Sydney & melbourne…..I was laughed out of town.

In todays paper there was an article showing how one Sydney property bought for $450k in 2003 just sold for $250k……..a 43% fall

By comparison, the all ords index, which I was hilighting at the…[Read more]

Hi Nathan,

There is no requirement for a cooling off period in WA.

See http://www.docep.wa.gov.au/homebuyers/downloads/HBSG_Section_2.pdf

Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113

Hi all,

Some interesting thoughts and comments here.

There are a number of points that need tobe made in an effort to put some balance in this discussion.

We have a sensational headline that immediately attracts the readers attention. The essence of the story is based on the results of a limited number of MORTGAGEE auctions where prices fetched…[Read more]

Hi QG,

Phoning the ATO for advise is fraught with danger – do it twice nd you could well get two different answers, especially in areas more complex.

CGT, with subdivisions included, does become a little more complex. I suggest you search the ATO website. There is a CGT guide available for download which does include, as a fully worked example,…[Read more]

Hi Porsha,

Remember to keep a rational perspective on what you are doing, in essence do not become attached to the property.

At the moment it is a seller’s market in Perth and vendors hold the upper hand in negotiations (at least with those who are attached to a property and let emotion get in the way).

Looking elsewhere is not a bad move on…[Read more]

Which state – which locality?

Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113

Hi Nathan,

Without seeing the comment in context and not being able to read Steve’s mind I would suggest that Steve was saying sometimes there are more important things to consider, one of which is ensuring you and your loved ones’ needs are adequately catered for.

I suspect someone felt they had been ‘wronged’ and was seeking some degree of…[Read more]

Originally posted by Simon C:
or perhaps a few dollars each way?

A few each way. About half loans fixed – half not.

Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113

Originally posted by joytony:
Say land price become half price?

I believe (with a certain degree of certainty) that will ‘never’ happen.

Check out this story http://www.smh.com.au/articles/2006/08/19/1155408071213.html?from=top5

The Sydney market has cooled for the last three years in succession – it has not crashed and I suspect that (subject…[Read more]

HI Cata,

You are a fool.

Do you realise that y posting this email here you have given up a possible US$825K windfall and potentially diluted the returns to US$22K/head (and falling) distributed equally amongst those who read this thread.

At this rate the scam will be worthless ………………………ooops – I just realised what I said – it…[Read more]

Hi Sarah,

“I currently have $7000 in the bank, earnings of $66,000 and a personal loan of $28,000. Currently I am saving $1000 per fortnight.”

For what it is worth I believe there is a lot to be said for addressing this debt first – based on figures provided you could make a huge dent in this debt in a year, thereby placing you in a much…[Read more]

Hi Interceptor,

Coincidentally I have just finished reading Michael Matusik’s latest snapshot. In it he discusses, at length, the Queenslnad residential markets. Some of the key points he makes are;

1. Last year Qld remainined the strongest growing state in terms of population. 75000 people moved into Qld of which 33000 moved into Brisbane -…[Read more]

Hi Anders,

I suggest that you do a ‘google’ search. You should be able to investigate model numbers and specs via google.

Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113

Hi John,

I believe the Perth market is well and truly overheated at the moment and unless you are prepared to invest for the long term (and ‘know’ with a degree of certainty that the next few years will be slow) then Iwould look elsewhere.

Affordability constraints are looming and the current market is a replica of eastern capitals in 2002/2003…[Read more]

Originally posted by george1955:
Although i accept full responsibilty for what happens to me in my life

It seems you have – the other party hasn’t.

Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113

Originally posted by george1955:
I am only offering him half the money now

No – wait until you receive legal advice.

An ‘offer’, even of part payment may be seen as acknowledgement of liability. This needs to be determined first.

I will also add that all communications to you from this person should be through your advisor. You may be…[Read more]

Hi Dave,

The ones I have seen run up to 21 pages and include details such as;
Background/Introductory Information
Back ground – research process and findings, costs, dates, architect details, total dollars involved.
The property – aerial shot, location details, surrounding streets, thoroughfares, site details, zoning and land area.
Town Planning…[Read more]

I believe http://www.navra.com.au or http://www.navrainvest.com.au may be of interest to you.

Note they are growth orientated more than cashflow orientated although they do have strategies to manage cahsflow.

Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113