I now have a late 2005 XR6 Turbo – cheap and cheerfull ex chaser.

Had it for 6 months on lease done 20,000k. Converted it to injected LPG – just awsome. Cheap, fast and looks good.

8 places, I owe about $780K Inc PPOR.

$580 without PPOR

and get  about $1130 per week in rent.

I think I would tell them, but back that up by telling them that its really irrelevant anyway because WEALTH does not always have a direct relationship with INCOME – lest see if that pricks their interest!

I can only guess it means the vendor retains a portion of the property until the purchaser is ready to buy them out. I get all excited just thinking about how that could work!!!!

I agree with much of what has been said.
The best news is that cosmetic water staining is easy to fix, as is the cause of water staining (leaks, ventilation etc..) Did you have a building inspection? If so what did that say?

If the solicitor cant do anything, get a new solicitor.

I have used finance clauses before to exit deals, it just took a letter (or e-mail in my case) saying that I could not obtain suitable finance. She does not HAVE to use a 60% LVR and the funds that she has in her account are not the concern of the developer. All she has to say is that the deposit was what she could afford at the time, and she cannot secure suitable finance at a competitive rate with a 90% LVR and that is what she wanted. IF the product is SO GOOD like they have been saying, they should have no problem finding another buyer unless they have been dishonest???
If the property was meant to settle and did not settle your sister should be able to recind the contract on those grounds (after notice to complete has been issued) Dont be scared to involve Dept of Fair trading, your developer should back off pretty quickly.

Well I am a self confessed petrol head so I love this thread.
I drive an 99 AU falcon ex taxi. I have fitted an aftermarket turbo kit, and low k engine and trans to this vehicle (did it all myself because I am too tight to pay) so I have XR8 performance for the cost of running a taxi. I get up to 500k’s for about $30. The car is beaten up, I do 150 k’s each day to go to work so I think its the perfect vehicle fo me. All up it owes me about $8k.
I used to have a Ford Fairmont Ghia V8 with leather, wood all the flash stuff, but I worried about it too much, Needless to say I dont cry if I dent the taxi!
I still have my first engine – a 351C in my second car, an 68 XT falcon with a 4sp top loader. She used to really go! The clock only went to 120mph it used to go right around to the stopper.
I have had heaps of bikes and cars probably 30 bikes and 10 cars.

RE: the Guzzi top speed I love the jap bikes when I was a poor uni student I had a 1984 VF 1000 that I could get up to a clock speed of 260kph. Most recently I had a 1995 CB1000 “Big One” that I sold because it hadnt been out of the shed in 7 months. I once rode that from Bourke to North Richmond in 6 hours. Not bad on a naked bike!

I commissioned the building of a car for my partner, I took an RN85 Dual cab and had a 1UZFE Quad Cam V8 out of a jap soarer fitted to it. All the fruit like power steer and A/C, but that was when we had two kids, now with three I am looking to get something a little more boring. Building this was probably a silly move it cost me about $17k. – an ex taxi is looking good.

For the tractor lovers I have a 1950’s Fordson Major Kero/Petrol she has one way hydraulics a 3pl and PTO – way ahead of her time! I have various other contraptions around the place, but nothing anyone here would be interested in.

I am happy to say that I dont carry on like a fool on the road anymore.

I love the BMW 7 series, or the bentley turbo’s I think I will get one of those one day (and put it on gas out of principle!)

If you go to Rick Ottons website I think you can listen to an Interview with Ed Chan where he talks about the property trust.

I would make the offer again and this time in writing with a sunset clause (72 Hours) and the deposit cheque stapled to the offer.