Is her contract likely to be renewed?

Decide how much you want the property and what its worth.  Then decide how risky you want to play it.  If you have been stuffed around for 6 months looking and this place falls through, are you willing to spend another 6 months looking?  Is it costing you more whilst looking (taking time off work, rent you are paying) or are you saving money (l…[Read more]

Sorry you are missing some details,  Innerwest, central, eastern suburbs…of which city

Richard, Premium may of done you a favour.  Hopefully anyone receiving a call from them will type the name into google and find all of these posts.  You might be able to gain some more business out of it when they read through it and see your comments and your phone number.  I might get lucky if they are on the west coast, they may drop me a line.

Maybe Australia post lost your mail.  I'm sure if you ring premium they will express post one to you and have it on you desk tomorrow ???

There are no laws relating to references, many places in the past would of been leased with no reference.  Most who check references will check their current landlord and current employer.  Some may also check the previous landlord as well (especially if they have been in the current property for a short period).  If someone has rented their pr…[Read more]

Check with you local council as it will be their by-laws that will affect the legality.  There are a few companies around that rent spaces from the "land owner" and then sell the spots to advertisers. I can't think of any of the names of the top of my head but when out driving around look at some billboard adverts and down the bottom should be…[Read more]

If you are declairing the income and claiming expenses, you must also take into consideration that when it comes time to sell the property it may attract capital gains tax.  If he is living in the property, there isn't any benefit in using a property manager and most wouldn;t do this type of arrangement.  Plus they will take about ~8% of the r…[Read more]

The 80% is of the value of the property, not of the equity value or loan amount.  If you have your current appartment plus the new place, this is a total value of $720k.  80% of this value is $576k.  Considering your current loan is $190k you wil need an additonal $14k (plus purchase expenses) to maintain it at the 80% LVR.If you go ahead and bu…[Read more]

devo, are you interested in a half share for a lotto ticket this saturday?

If you bought $100k of gold, exactly, thats all you can do is sit on it.  There are very few people who would leave $100k of cash in the safe for 20 years.  Even being the most conservative of investors you would at least stick it in to a term deposit and earn some interest that would over 20 years be higher then the rate of inflation.  There wo…[Read more]

devo,Take your $50 to the casino and but it on black, tomorrow you might have $100. 

my 2 cents worthmy 1st cent…this is a bit off topicmy 2nd cent…what was the price of gold around march and around july.  If you bought a ton of gold in march and were sitting in your back yard looking at your gold this morning knowing that it had had its biggest 1 day gain, you still wouldn't be happy.  Gold flactuates, and you must consider t…[Read more]

If the vendor stated that they will replace it and they haven't, then they haven't full filled their side of the contract.  That is a pretty simple part.  If you wanted to walk away from the deal you could possible get your deposit back due to non perfomance of that conidtion.  (Get legal advice first)Simple part out of the way…now the hard par…[Read more]

Are the loans for the two propertes seperate or crossed?  You will need to look at the existing product that you have and whether the loan is portable.  If the loan is portable depending on the lender there will be fees for changing the security.  The other factor is the value of the new PPOR, and whether you will need to borrow additional funds.

Banks will still look at other financial obligations that you have, as even if the property is cash flow positive you still need to be able to afford living expenses and other repayments.  So the bank will look at the whole picture not just a section of it.  Even though you have your property being CF+, is that during a period of 100% oc…[Read more]

Hi Mel,Have run a few small businesses over the years i wouldn't see the decision small business veruses property investment but small business veruses working for someone else.  With any small business there will be hours that you will need to invest into it to make it sucessful.  If you buy the gym how many hours a week will you need to w…[Read more]

Consider taking on a business partner

now that is the best solution

If you already own the assets the cheapest way would be to do a pre nup.  Most lawyers can do this for yourself and your partner, otherwise you can buy some forms off the internet and do it yourself.  Laws in each state vary, I think from memory here in WA once a couple have lived to together for 2 years then there assets are dealt with as 1 (…[Read more]