You see this occasionally in commercial office blocks where they may for instance want to join three offices together to take up the entire floor as one lot. Some people try to do this to reduce their contribution or interest entitlements which seldom works in their favour. Amalgamating lots will require the consent of other owners and they aren't…[Read more]

I'm interested to see what others think on this. How much are you intending to spend on selective renovations if you're maxed out your borrowings? Also, can you get a personal loan to use for a deposit? I asked a broker this years ago when I didnt want to save a deposit and he pretty much laughed at me.

Hi Paterson,

I was just wondering if you happened to find any tools to help you research the best suburbs?

Hank

Hi Mickstuth,

Did you end up investing and how did you go?

Henry

I've seen a couple issues pop up in new buildings (in QLD) in the past and thought I might share:

In some circumstances in a new building the lift maintenance will be covered by the lift contractor for the first year but the second year is when the body corporate's budget needs to be adjusted to cater for it's ongoing maintenance. It's a good…[Read more]

Thanks for your response.

Is a deposit bond able to be used in a situation where you may buy a property for less than it's valued price and use that equity as a deposit? I thought i read something about this recently i.e. property value $200k and you manage to secure it as $190k. Is that $10k able to be used as a deposit?

Thanks

Investment…[Read more]

Hello,

Three questions from a bit of a Newb:

1. How exactly does a deposit bond work. I've guess that it is using the equity in your property but if so, does that mean you are basically taking a loan out for that amount with repayments etc. or is it more of like a guarantee for the bank?

2. PPOR stands for …. ?

3. Is there a shortcut to not…[Read more]

It may be relevant to note that bodies corporate operate under different legislation depending on what state you're in. In Queensland you can get hold of the list of owners, referred to as the "roll" be asking the manager for a copy or performing a search of the records at their office. Generally they will give it to you if you are an owner but if…[Read more]