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Viewing 20 posts - 21 through 40 (of 129 total)
  • Profile photo of elika7264elika7264
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    @elika7264
    Join Date: 2003
    Post Count: 160

    Hi,
    have you checked out the Docklands web site. That might have some of the information you require. At least its a good starting point.

    Helen[biggrin]

    Profile photo of elika7264elika7264
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    @elika7264
    Join Date: 2003
    Post Count: 160

    Thanks guys
    my education is now complete[blink][blink][blink]

    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Post Count: 160

    Hi everyone,

    so far I have worked out every abbreviation etc with the exception of LOL. In my experience, LOL means either lots of love; or in the industry I used to work in, little old lady.

    So shine some light on me[blink]

    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Thanks Dan for the brilliant list.[biggrin]

    I had wanted to cut down on my time on the internet. Oh well …………………..

    Regards,
    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Hi,

    Remaining with the on site manager for maintenance etc is a good idea; but maybe you should be looking at a more experienced agent to handle the letting side of things.[blink] Why not speak to a few agents specialising in the city area to get a better idea of potential rent.

    You noted:

    theres a wide range within this building for the same property,probably the best way would be to take an average.

    There might be a number of reasons for the variation you referred to. If you take an average, you might be off the mark in terms of rent — resulting in either loss of income to you(if rent too low), or an extended vacancy (if rent too high).[blush2]

    Regards,
    Helen[biggrin]

    Profile photo of elika7264elika7264
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    @elika7264
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    Hi Simon,

    just add one or two thoughts to assist your decision making.

    I have heard it said that one bedroom apartments are the way to go. However, most one bedroom apartments are very small — in this day and age everyone seems to have a computer, a home office or the need to continue their education part time (evenings). So even if a person lives alone, flexibility and room to move are essential. So I would agree with Monopoly’s comments re a two bedder.[biggrin]

    The other thing is the supply demand ratio (Michael’s point). Before buying an apartment, check the Age and see the type of rent achievable. You might be disappointed. Check out the apartments in person to gain an understanding of current market fundamentals. Also an issue to be concerned with involves potential vacancies.[angry2] If you are starting out on your property journey, an extended vacancy can be heart breaking, especially if you are negatively geared and rely on a regular income to pay your mortgage.[baaa] Anyway these type of issues have been aired previously on this forum. Check out the archives for more information.

    Hope this helps.[cap]

    Regards,
    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Hi ResidentialWealth,

    in a post you noted:

    i have been involved over the last 16 years with developments on that part of the coast i hope my guidence will be of help.

    You must proceed with extreem caution and stick to major towns for maxium results like, Darwin, Cairns, Townsville, Airlie

    I would be interested in your views on Cairns, Townsville and Airlie Beach.[buz2] If you have any inside information — please share[biggrin]

    In relation to Laguna Whitsundays — this is now the third time (I believe) that this resort is being repositioned and on sold. I know David Marriner is behind this project. A major point. But why do you feel this resort will be the “No 1 resort in Australia”. Three golf courses — golfer’s heaven. But apart from this what else?? The resort has failed to generate returns for investors to date; it is also going to be very dependent on the overseas market (new airport will assist). So, really, what’s so special???[confused2]

    Regards,
    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Wow Peter!!!!

    What an inspirational reply.[biggrin]

    Thanks for sharing your thoughts.

    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Hi jhighlo2001,

    at this stage I think the only way you can get out of the contract is to prove that you were misled [angry2]– a trade practices matter.

    Regarding the unit — I know in another thread you noted that you felt the size of the unit was around 20% smaller than orginally advised to you by CE. Two things — (1)check the contract for a schematic showing your unit (specified by square metres). (2) Get an estimator or quantity surveyor to complete a report for you showing the exact dimensions of the unit. If there is a great discrepancy between (1) and (2) then you might have a case to exit the contract.

    I think you need to have the services of a LARGE legal firm behind you, with some clout. I think someone on this forum mentioned Minter Ellison. Although more expensive than a smaller firm, the extra leverage you get from a well known, reputable firm, might just be what you need.

    The other thing — there must be some authorities you can contact to see if they can also apply some leverage. eg. Australian Securities Investment commission — I’m not sure if they can help you — perhaps other members of the forum could advise further in this regard.[blink]

    You obviously want to take this matter further. So why not contact a program such as Today Tonight (Melbourne, channel 7). They might be interested in your story; at the very minimum they might be able to locate other disgruntled CE purchasers and maybe you could take on some sort of class action.

    Hope all goes well.
    Helen

    Profile photo of elika7264elika7264
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    Thanks Brenda,

    couldn’t stop laughing.[biggrin]

    Helen

    Profile photo of elika7264elika7264
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    Hi Sonja,
    I think a free four day seminar with Anthony Robbins is worth the trip. Just a thought — and I know its a long shot — would your mother consider baby sitting your children in Leeton. Or alternatively isn’t there an airport somewhere near where you live. Although the airfare will be a cost factor, on the other hand the seminar is free and your parents will provide accommodation in Sydney. All in all a good deal[biggrin]

    All the best,
    Helen[cap]

    Profile photo of elika7264elika7264
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    Hi Chefspop,

    read your post with interest. At the moment your situation looks rather gloomy.[8] But I feel there is a silver lining — provided the current demographic shift continues into the CBD and immediate surrounding area. At the moment there is over supply — no one doubts that fact. But as the population increases in size and people elect to live near or in the city, then the supply/demand ratio will shift and I believe that in the medium to long term some of these apartments (Southbank, Docklands, St. Kilda Road) might represent a good investment. So hang in there.[biggrin]

    Regards,[cap]
    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Post Count: 160

    Hi Guys,

    a dumb question. [dunce2]

    How does the average person find out about interest rate price movements other than logging onto bank web sites. eg. Stuart, your comment

    BankWest at 6.75% (they bought $100m of this money).

    is there any way of being kept up to date when “cheap money” is offered.[blush2]

    Thanks[cap]

    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Hi,
    to obtain a more detailed overview of buyers’ agents why not do an internet search — this should throw up a number of web sites. Check the services offered per dollar, then speak to the key people. While I haven’t used a buyers’ agent, its definitely something I would consider in the future. But there are differences in the range/quality of services provided. So caution advised.

    Regards,[cap]
    Helen

    Profile photo of elika7264elika7264
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    Thanks Monopoly,

    once again — brilliant information.[biggrin]

    Regards,
    Helen

    Profile photo of elika7264elika7264
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    @elika7264
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    Post Count: 160

    Hi All

    No Takers!!!!

    C’mon guys[eh] [glum2] [sleepyanim]

    Helen[cap]

    Profile photo of elika7264elika7264
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    @elika7264
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    Hi Sonja,

    should have mentioned this in my earlier posting.

    You noted:

    Is this considered wear and tear or can the costs come out of their bond?

    If you allow a smoker to reside in your property, then I believe stench and stains would probably fall within the domain of wear and tear. Why not phone up the Residential Tenancy Tribunal and ask them to advise on your legal position re access to bond money.[confused2]

    Regards,[cap]
    Helen

    Profile photo of elika7264elika7264
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    Hello sonja,

    you posted

    Can you discriminate when choosing a tenant based on their smoking or non-smoking habits?

    If you elect to have a non smoker, that’s not discrimination (in the true sense). Its really a lifesyle choice that you make. This question is one for the property managers out there. The other issue is how do you enforce a non smoking ban. Do you put a clause in the lease. How do you monitor it?[blink]

    Helen

    Profile photo of elika7264elika7264
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    Hi Ynot,
    welcome to the Forum.[biggrin] I live in Melbourne, have purchased in Brisbane. The law requires that you use a solicitor practising in Queensland. If I had used a Melbourne solicitor, he would have had to instruct the local solicitor — of course that would have added substantially to my legal costs.[thumbsdownanim Using a local solicitor also has the advantage that he/she has local knowledge — before you sign the contract ask him/her their opinion of the property. Although you might get a guarded response, it all adds to the data you use in determining if you have made the right decision.[blink]

    Hope this helps.

    Regards,[cap]
    Helen

    Profile photo of elika7264elika7264
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    Hi,

    I’d second Dale Gatherum-Goss. He is located in Kilsyth — quite a drive, but worth it. There was a recent thread on this forum — do a search. Other accountants were recommended.

    Regards,[cap]
    Helen

Viewing 20 posts - 21 through 40 (of 129 total)