thanks for replies to date.I've written back a lengthy letter to them and will wait and see their response.That's the point, we never sighted or signed the contract of sale, but decided to not proceed, they still request payment of their commission, as having had offers exceeding market  " expectations", that were never discussed with us in the…[Read more]

I've had my SMS for some time, the cost was that of setting up a trust and company.My new bare trust only cost me $1200 (a solicitor whom I've known for some time).I keep losing with shares, every time I go back  into the share market they seem to drop, so I've had enough of that.The other problem in the past has been the lack of leverage in…[Read more]

You need to set up a bare trust, the property goes into the trust.You have to get a NON-Recourse loan, very fiddly and difficult with the banks.So what I've done is purchase a property into super, under the trust.I've borrowed money against my line of credit and against a holiday home I own.The money can be lent to super (must transfer into the…[Read more]

hi, I am in the process of setting this up, basically I will use the equity in my home to take out a loan and lend it to my super fund.I will also retain a small line of credit to put in wages and for any other expense that might come up, where some cash is needed.The two can't be mixed together obviously, so CBA has agreed to do it this way.I am…[Read more]

try gumtree, advertise for free.

it doesn't say if they are serviced apartments?You can't really add value, capital gain may be limited and outgoings are often quite high.

we live in Upwey, foothills of Dandenongs and just love the area, big blocks, lots of trees.There is a train line directly to the city (takes one  hour).House prices are affordable.

http://www.vendorfinancelawyer.com.au has vendor finance lawyers listed in different states.

liquidity in the real estate market has almost disappeared, selling now will be almost impossible, especially in the mining areas.

I would say, it generally is not the buyers business and maintaining the sellers' confidentiality is an important issue.You need to do your own due diligence and check for structural defects through a building inspection.

My interest rate in my SM super with CBA Bank is woeful, I had about 2 months where it was great.On top of that, interest earned is fully taxed with no allowance for indexation.Bad news! but not as bad as loosing 40 to 50% in the share market.It's an effective but boring financial survival mode.

I've had my super money in boring cash for about 12 months now.At some stage started to buy a small parcel of shares again but began to loose value immediately, so cash it remains.Cash still looses, because of the poor interest rates, inflation and taxation, but it certainly hasn't amounted to 40-50%.the best thing is to stay in cash or reduce…[Read more]

Hi, how much for your wrap kit.Please contact me: hoeppner@iinet.net.au

I am selling a dual occ approved property at Safety Beach, ie plans and permits stamped and ready to go, for a 3 br, 2 bath unit.The front house remains and needs a little refurbishment but is basically very solid, currently tenanted.The intent was to develop and move in ourselves, but current work commitments forced a change of plans.100 m to…[Read more]

I am contemplating the sale of 3 properties:1. Dual Occupancy approved, ie stamped plans and permit for a 3 bedroom, 2 bath, double garage,Safety beach, 50 m to beach, almost next to Marina. Front house solid and easily renovated cosmetically.Around $520,000.2. Cabin in a seaside caravan park , almost new fully furnished.$115,000, suit 1st home…[Read more]

I've now read the article.This is probably just the beginning! What about those people who borrowed up to a million to put into super.the share market has since dropped and they have interest on a loan that's not tax-deductible.That was the most ridiculous government idea possible!

where did you get th at information from?It would be interesting to hear which areas and  what price range seem most affected.

I have and still am taking quite a bit of profit. I am out of the share market in my super portfolio, the volatility is very difficult to handle, unless you are in and out shares quickly.Most shares are now either sideways or in a down trend.So, that's a small pile of cash.I have sold and I am still selling property, but will still have one for a…[Read more]

A spa with the current water restrictions? Maybe a water tank or solar hot water would add more selling features.I don't personally like front fences, I am not sure if it adds value, unless it improves the front facade, eg picket fence.

thanks thysonboss, yes I am working on my share portfolio and understand all that.A little trepidation, with the volatility at present in the market.This has been an excellent topic and really highlights the pitfalls of "exuberant' property investing and going in without an exit strategy or safety stop.I believe we are in for a rough time, rampant…[Read more]