I have just been talking to my solicitor this week when getting some legal work done and asked him a similar question.
You can get a friend to submit an offer in writing using “their name and/or nominee”. Once the offer is accepted you have up to no later than two weeks before settlement to change the name to your name (as the nominee) in order to…[Read more]

Hope you get better soon Jaffasoft. In North West vic so a bit far away for a visit but if you get bored and want some amusing email attachments to waste some time over send me a PM and I forward some to you. May be even funnier on morphine??

Julie Fisher
Daryl Fisher Homes

Sorry Terry but that musn’t always be the case. My bank (one of the big 4) accepted my independant valuation both through the broker and also when I took it into my own local branch; it was actually much easier when I took it into my bank manager…never questioned at all.

Julie Fisher
Daryl Fisher Homes

Hi Mollymonsta
Cool name! I live in Mildura and the area is ticking over nicely. The town has an immediate population of around 25000 and the small towns around it in Vic and NSW total around 45000-50000 population that it services. Has a large agricultural dependancy with much of the area irrigated by the Murray. Dry land farming and tourism are…[Read more]

Oops, I forgot! Regarding the financial arrangements. I just had Qlds007 from this forum sort out all my accounts, loans etc. He was great and it was no problem being so far away. There are a few mortgage brokers on this forum who all offer fantastic advice. I would definately recommend going through a broker I saved between 0.6 and 0.7% on my…[Read more]

Hi Daneye
I have recently done all you are about to do. I found out from my bank when I wanted to know how much i could borrow to purchase our first IP that they valued our home at $250k. I thought that this was conservative and when I asked more about it the bank said that they just drive past the homes and place an estimate on the value…[Read more]

Get on ebay. I saw a heap of kitchens in Melbourne being pulled out of homes that were still new. Same thing in Adelaide. Some of them were only a few hundred dollars. Even if you had to spend a few dollars to get a cabinetmaker to cut and fit a few bits it would still be cheap. There is also a couple of Salvage yards in Adelaide that stock…[Read more]

Originally posted by lozjas:
Hi, I have an odd situation I’m hoping someone can help me with. I apologise this is quite a long story and complicated story!

My grandmother has offered my fiance and I to build on one title of the family farm. My grandmother’s name is on the title and knowing it’s my inheritance I’m not fazed about having…[Read more]

Originally posted by fingerscrossed:
Hi Emil

I recently had two seperate valuations done on my home. I have always referred to it as a 4 bedroom house – but both agents said that I could not call it a 4 bedroom home if it didn’t have a built in wardrobe.

They both completed my valuation as a 3 bedroom plus study !!

Even though my “study” was…[Read more]

What state are you in? I may be able to give you some advice. If you want to speak to someone face to face go and see a local building inspector (private not the guy at council) and he will set you and most likely the council employee straight.

Julie Fisher
Daryl Fisher Homes

IJust an afterthought! If you are trying to decide on potential increase in value alone, then make sure that you don’t reduce the value of the property by making the remaining meals/dining area too small and cramped. You don’t want to give with one hand and take with the other.
Julie

If building-in the dining room looks original then it will add value no matter whether it is called a bedroom or not. Most houses with a smaller 4th bedroom use it as a study anyway. Many REA’s will market such rooms as study/4th bedroom. It is up to the prospective tenant or purchaser to decide what use it will fulfill. It is more valuable in my…[Read more]

Hi Dee Dee
You will be able to claim your renovation costs as a capital work as this work happened after 16/8/87. So if you do spend 35k then you will get 2.5% of that cost depreciated over the next 40 years ($875 pa) approximate only as all the fixtures in the bathroom, light fittings, additional HWS if necessary etc will all be able to be…[Read more]

Hi Emil
Can’t help you with a tradie as I am not from those parts but I can tell you that the only difference between an study and a bedroom is the name. Call it what you like. If all the other rooms have built in robes and this one doesn’t then you can easily get the builder to frame some in if the room is big enough and the plasterer and painter…[Read more]

Hi Lesia
Too many variable for someone to answer this question without them being experienced with extensions or trade qualified. I think that your best bet would be to ask a couple of builders to come and have a look and give you an estimate to build to lock up stage. If you have the homes original plans available (especially footings) so that…[Read more]

Hi all
I am going in to see my solictor tomorrow regarding, among a couple of other things, setting up a Hybrid Discretionary Trust. When my accountant asked me why I would want one of those, I felt that it was time to educate myself and take some control. I’ll let you know if the solictor is much better tomorrow….

Originally posted by Qlds007:
Hi N Brown

Based in Brissie but have a few clients in Toowoomba and be happy to assist.

Mind you i guess it is upto my clients to say whether i am a good MB – lol.

References please.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Originally posted by new investor:
if u build a house as a owner builder and get back the gst as u build, wat happens wen u sell after u built this house
at say 300,000.
does this price include gst and u have to give back the 30,000 to the government?
if so then u really sold it for 270,000
and wat else is taken from this price?
tax capital gains…[Read more]

Hi leahwat
I will only answer the last part of your thread as I have nothing to add to what AmandaBS has already told you with the process. One thing I will add is that a qualified removalist isn’t just someone who is a member of an association like the HIA or MBA they are licenced with the Department of Fair Trading in NSW and the Building…[Read more]

Hi Ibergin
You should subscribe or at least buy the monthly magazine Australian Property Investor. It discloses potential hotspots with why they are worth watching and also have many articles about successful investors. The back pages list lending rates from many institutions as well as the median rents, house prices, unit prices and growth etc…[Read more]