First time i went to VCAT was only for $5400 (out of pocket after Insurers paid out the $20K) – it was easy as she didn’t even turn up.
Second time not so good.
CAV told me through all their correspondence that they effectively can’t ‘make’ a PM pay us any compensation….because they are saying that a rotten timber bench top is ‘wear & tear’ and…[Read more]

HI New2invest,

We bought an IP on the island in mid 08 and it has been revalued +30%.
Taking into account what the previous poster has said, it really depends WHERE on the island you buy. Not Cowes, not Ventnor, Not Wimbeldon Heights etc. If you stick to areas far from the GP circuit then you will be better off…Smiths Bch, Cape Woolamai etc are…[Read more]

HI New2invest,

We bought an IP on the island in mid 08 and it has been revalued +30%.
Taking into account what the previous poster has said, it really depends WHERE on the island you buy. Not Cowes, not Ventnor, Not Wimbeldon Heights etc. If you stick to areas far from the GP circuit then you will be better off…Smiths Bch, Cape Woolamai etc are…[Read more]

Thanks guys, I did lodge a complaint with the Vic REA Service …this is handled by Consumer Affairs Vic who wrote to the Agent asking for an explanation.
The Agent FABRICATED a condition report and said that the damage ‘must have occurred after their last inspection’ which was completely untrue, it takes more than 4 weeks to get a rotten…[Read more]

the4ofus

Hi there, we bought an investment property on Philllip Island in mid 2008, renovated it an have leased it permanently since then..with the view to use it as our holiday home in a few years.
We also thought of buying cheaply in town versus a house in a semi regional area and chose the latter for a number of reasons….cheaper buy in, more…[Read more]