Yes you are correct, as per your thoughts. You have picked up well.
Good luck

Ashley Hooker
Compliant Investment Properties
http://www.cip.net.au

There are a number of companies that will come to your house and measure and create a new plan if you really need it. Your local RE agent should be able to give you the name and number of the local firm they deal with.
In regards to the VAL, generally the banks have a good panel of valuers, but 99% of the time (Unless you have paid too much) the…[Read more]

For the last 150 years, property has doubled every 10 years on average. Find a brand new property (that say cost you $350k and it costs you $40 – $60 per week to hold). It’s like a forced savings plan. With the right finance and tax structure after 10 years the property is now worth +$700k. You should have made at least $350k from “putting away”…[Read more]

OPS!

I would be very careful about this, the issue is not all about ASIC Policy Statement (PS146), it all comes back to commissions. Basically if you receive a commission as part of any Real Estate transaction you must be currently licensed.

The Dept of Fair Trading clearly states that you must not Induce, Transact, Influence or Show a property…[Read more]