Hi JessWOne thing to add to danviv1's post is that you may be in a stronger barganing position with respect to early access for renovations if you offer to take out insurance for the early access period and document it as a licence to access to renovate. Insurance may address the landlord's concerns regarding liability and protect you if something…[Read more]

One point of distinction between Mortgage Choice and Aussie – Mortgage Choice does not sell their own home loans while Aussie does. Mortgage Choice is also publically listed, I believe.

Hi AllI can think of one way to obtain the details of the property owners where the property is owned in the name of a company:1. Obtain title search  to determine the name of the company that owns the property in question.2. Obtain ASIC search for the company.The ASIC search will give you the names and addresses of the company's directors -…[Read more]

cinooo wrote:
Hi EvaCD, it's been a bit frustrating for me as I am going through a (very bad) mortgage broker who was referred by a friend and they are doing the application on my behalf. I am not sure of the reason for the hold-up, all my broker has said so far is that I will find out for sure on Thursday. I received conditional approval…[Read more]

Hi CinoooI also have a loan with ING for a property due to settle on the 30th April. ING took approximately 5 business days to give me final approval from the date the conditional approval has been granted.Do you know the reason for their timeframe? Perhaps worth asking…CheersE

Kaytee wrote:

EvaCD wrote:
Kaytee, there is a fine line between signing the contract and having a binding agreement which eventuates once the contracts are exchanged. …

what does this mean?

 Kaytee – at least in NSW there is no binding agreement between the parties until the contracts are exchanged (this is when both contracts are signed…[Read more]

Kaytee, there is a fine line between signing the contract and having a binding agreement which eventuates once the contracts are exchanged. This of course is not legal advice and you should seek professional help as suggested by others.However, if at all possible (if the agent is holding your signed copy of the contract), you need to make it clear…[Read more]

Thanks GeraldineM!I am based in Sydney so Adelaide market is a pretty foreign area for me……May check out the other units you've mentioned and, you are right, a two bedroom place with a car parking space would be a much better investment. By the way, do you know what is Adelaide's market rent for city car spaces licensed separately (I am…[Read more]

Thanks Ben, your comments are very helpful!!!I also not not think that renting through Quest (or any other serviced apartments 'provider') would be great, however, I was wondering whether achieving approx. $280 rent per week (which is what the place is currently being rented for through Quest) would be possible if I rent it myself…..

Hi AllMy 5c worth….I'd say, subject to the rental market conditions, buying without a tenant has more advantages because very often the existing tenant will be holding over paying outdated rent. The certainty of having the property come pre-packaged with a tenant is a plus, however, it may be more beneficial to 'shop' for a new tenant who will…[Read more]

Ahhhh! Thanks Richard, makes perfect sense now. cheers!

Hi DomainI think agents often under-quote in a hope to get more people to attend the auction (certainly very common in Sydney!). By law agents have to communicate all offers to the vendor, so I am assuming in your case the vendor has rejected your offer…. Did you get a formal reply from the agent? Was your offer conditional on anything (eg.…[Read more]

That is an excellent idea! I will try to fit in a couple of rental inspections with my IP search inspections. Thanks again for your advice Spos.

Thanks again Spos, this does help.One final question regarding rents. I noticed that a lot of Liverpool units on the market are currently tenanted but tenants are holding over (month to month tenancy after the fixed term lease has expired). It looks like rents under these holding over arrangements are about $220 p.w. I am being told that this is t…[Read more]

Spos, Thank you for the info! Can you tell me where about in Liverpool is your IP? I am also from the Eastern Suburbs so not very familiar with Liverpool….. Would you recommend buying near Westfield or do you think near the station is also OK? Cheers.