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keiko
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@keiko
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October 11, 2012 - 10:50 pm
Thanks for your reply.
This was not actually the reason they pulled the name.
Below is the reply
Unfortunately we could not register the ……… domain name as the domain is registry reserved by Dot ICM registry. Your payment has been refunded back to your credit card. Please allow up to 3-5 business days for the refund to clear.
I asked why and then they came back with
The domain name may have been available at the time however we are not able to register the ………. domain name to anyone other than Dot ICM registry.
What would be your thoughts duckster???
keiko
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September 28, 2012 - 3:22 am
If he says he may not be able to detect it under a slab then call someone else as anyone that has the right listening device and knows where to look will find it.
I have had a couple under the slab, one guy walked around for ages trying to find it with his machine, he was just wasting time, in the end I put my ear to the ground and I heard it hissing (that was flukey and maybe 1 in 1000) I told him to put his machine over this area and have a listen, he said yea I was wondering if that is where it was coming from, that just proved to me that he was a rip off.
$500 for the repair 3 hours work absolute rip off.
I have paid $198 before for a similar job.
If I was you I would pay a fixed price of approx $150 to have someone come out and have a listen, make sure they only detect leaks as a full time job and they don't fix them, this way he will want to find it as quick as possible so he can move onto his next job.
If he can't find it then get another person in to find it, someone will surely be able to find it.
If you get someone in on an hourly rate they will be there all day like some dumb shits tried with me, they will tell you any rubbish.
keiko
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@keiko
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September 27, 2012 - 9:22 am
I haven't read all the posts so not sure where your upto but sounds to me like your plumber is playing with his winky.
Don't get a plumber to detect the leak as they will screw you over, get a leak detector person in that charges a fixed price and they will find it in 5 minutes, will prob be around $150, I have had about 8 leaks in the last 2 yearrs on several properties and have used several plumbers and and 2 guys that just specialise in detecting the leak, all the plumbers were full of …. and the fixed price leak detectors found it super quick. It is quite funny to watch the plumbers just walk around the property making up excuses to try and clock up the bill.
keiko
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@keiko
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July 14, 2012 - 7:42 am
Scott No Mates wrote:
My 2 cents worth: the valuation is based on the instructions ie if the bank is providing the instruction to the valuer it is usually for mortgage valuation purposes ie how much will the house realise in a distressed sale (when you default on the loan) – the banks need to know how much can they get without risk (your mortgage insurer will bear the risk of the other 20+% of the loan).
If you instruct the valuer for market value the figure will be higher.
If you instruct the valuer for replacement value, it will only be for the construction of a new build if the property is completely destroyed eg by fire.
There are also many other forms of valuation which will all result in different answers.
If I buy below market eg off a related party or for whatever reason then the instruction to the valuer should be for market value or fo mortgage purposes or whatever the circumstance and be done prior to purchase (or agreeing to the price if you need a negotiation tool).

Thanks Scott, could a market valuation be ordered privately from a bank panel valuer and then be presented to the bank and be accepted? or will the bank want a new valuation done based on mortgage purposes.
Has anyone handed a market valuation to a bank and had it accepted and what size loan.
keiko
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@keiko
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July 12, 2012 - 2:43 am
v8ghia wrote:
Couple of things need clarifying here I am afraid………so I will just pop a couple of F a c t s below that may clear up some of the confusion.
1) If the bank orders and pays for the valuation……um…..Yes – the valuer IS working for the bank.
2) Valuations are based on COMPARABLE sales only, and they have to 'get it right' or get into trouble. What many peple cannot grasp, is that if they go and buy a house for $300,000, then in most cases (some come in lower ) the value IS $300,00 – because that is what you just paid for it!!! Most lenders will not revalue in a timeframe less than 12 mths also for this reason – so other comparable sales can be used to gauge the value. Just had someone SPEW when their house was valued by a 'bank valuer' at $285k – it was definitely worth $320-$350k on their mothers grave et etc and all valuers were evil etc etc etc ……guess what? They just sold it 4 mths after the rant for $280k!!! Looks like the bank valuer over estimated by $5000!
3) A valuer will always ask you the purpose, as the valuation DOES come in different depending on the purpose. Classic example is for 'family law matters' (ie separations, estate, divorces etc) when generally it will come in higher than a valution for borrowing purpose….should not be too hard to work that one out!
4) I have recnelty had a clients house valued by a bank 'panel valuer' as a short form (ie more detailed) one where they were building a house on land purchased recently, and it cam in $110,00 LESS than the building contract and price they paid for the land. Why? Comparable sales – admittedly price over a mill, but the only stuff in the area that had sold recently anywhere near that price was considered superior and or on larger land areas – so it is the comparable sales that are used to base the end valuation price on.
It really is quite simple, but it can be made to appear 'over complicated'. BIt differnet (and more time consuming) than the old 'market appraisal)
Finally, if YOU sold your house at a higher price than the valuer gave………..you have just put up the value of your neighbors property.
Hope that helps
Thanks for your comments.
If a bank orders a valuation but you pay for the valuation then I guess they should be working for you not the bank.
There is still the fact that if you pay $500,000 for your property today and the neighboring homes that are very similar are selling for $600,000 $650,000 in the last few weeks, then what is the value going to be on your property. I believe it should be $600,000 $650,000 not $500,000 because that is all you paid, you got a bargain and your neighbors did not, but it should be based on similar properties not just one property which is your one.
I have even had valuers say wow you bought that cheap and still it is valued at purchase price, to me that aint a valuation.
It would be like me buying aunt betty's house for $1 or half it's true value, and then what is the valuer going to do, sorry house is only worth $1.
keiko
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@keiko
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July 11, 2012 - 7:24 am
Jamie M wrote:
If you arrange your own valuation that isn't linked to a bank application – you shouldn't need to tell them anything, just that you'd like to know the value of your home.
I doubt eight valuers would all get it wrong.
Cheers
Jamie
When you ask for the valuation the valuer always says, what is it for, and which bank and….
All I want is a genuine price put on the property based on others that have sold in the area, not based on which bank or what I paid or what the val is being used for.
If you can't satisfy the valuers questions, then they tell you where to go.
Out of all the valuers, you will be surprised on how they all operate, very similar, one came in $400,000 $500,000 above the others and this was still to low. all based on purchase price or if they couldn't find this out, then they based it on the price that was given to them.
where as it should be based on the neighboring properties.
keiko
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@keiko
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July 11, 2012 - 7:14 am
Yossarian wrote:
Short version: I've been trying – with limited success – to game the system around valuations and thought a barely coherent rant would make me feel better.
Have had success but at a cost that should not be needed.
keiko
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July 7, 2012 - 3:38 am
TheFinanceShop wrote:
keiko wrote:
TheFinanceShop wrote:
keiko wrote:
Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowed
One home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?
Hi Keiko, They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property? Also why are you not aiming for a torrens title subdivision? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Yes can build 2 homes on the property.
I had a look into Torrens but doesn't look as good as a strata
You will find that Torrens Title will carry more value than strata for resale. Is there a particular reason you are leaning towards strata? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Thanks, only reason is because a couple of town planners said strata title it with common driveway area.
I had never heared of torrens title until you mentioned it.
I did a little google search and I see most people don't like strata.
I am still learning about strata titles as personaly I only buy freehold property and this is the first time I have needed to look into strata titles.
Could you tell me the ups and downs for each strata and torrens?
I read an article about torrens and that if the driveway needs replacing that there is nothing in place to have both parties fix it etc.
I am all for the best out come and peoples knowledge on each torrens and strata title would be most appreciated?
I know people are saying just go see council or just go to a town planner or draftsman etc, but to be honest I have done all of this in the past for other types of situations like subdivisions and alterations to properties etc, and you get a different storey from each of them, one says one thing and the next person says another thing. the way I like to do it, is to get as much info as possible from a bunch of people and then decide for myself which is the best way to do it.
keiko
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@keiko
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July 6, 2012 - 2:29 am
TheFinanceShop wrote:
keiko wrote:
Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowed
One home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?
Hi Keiko, They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property? Also why are you not aiming for a torrens title subdivision? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Yes can build 2 homes on the property.
I had a look into Torrens but doesn't look as good as a strata
keiko
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@keiko
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June 26, 2012 - 10:38 am
cool thanks. more than likely stop in at good old bunnings for the plants
keiko
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@keiko
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June 24, 2012 - 8:25 am
I am just needing to do a cheap make over to make it look better than it currently is, I am starting to think pebbles would be the safest way to go, not the cheapest but definitly termite proof
keiko
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@keiko
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June 22, 2012 - 9:01 am
If mining turned to poop, what would be the good effects it could have throughout Austraila
Will the dollar drop?
keiko
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@keiko
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June 22, 2012 - 8:54 am
What sort of dollars are we talking and is there any decent buildings on the land?
keiko
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@keiko
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June 8, 2012 - 6:18 am
Cool thanks for that
keiko
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@keiko
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June 8, 2012 - 3:44 am
Thanks
keiko
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@keiko
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June 8, 2012 - 1:33 am
Thanks everyone.
Richard do you know what ING's REF rate would be – 85% loan, property val $400,000
Cheers
keiko
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June 7, 2012 - 9:04 am
Thanks Michael. I wouldn't have a problem with getting 90% if I wanted. More interested to know which banks are still doing 85% No LMI,
I believe citibank is still doing it, but I have heared there service is crap.
Does anyone know if ING Direct are still doing 85% No LMI or is there any other banks?
Cheers
keiko
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June 6, 2012 - 3:44 am
streamlineinvesting wrote:
keiko wrote:
streamlineinvesting wrote:
Seems like Australia is heading downhill, I believe we did not escape the recession, merely just delayed it by a couple years. Instead of falling down a couple years ago like the rest of the world, we survived by our high amount of resources, but that can only last so long. The next couple years in the Australian economy will be very interesting, confidence appears to be very low at the moment.
Is peoples confidence realy down or it is just because you read some negative posts and what was in the paper and on the news?
Are you still working, buying property, living the same life you were living 10 years ago or living a better life or worse?
Everyone think about it like this, what realy went wrong in your life in the last two years, did the down turn realy effect you? or did it make you money? or has it just been the same as the last 10 years.
To be honest my life has not changed, it is still the same, I make money in good times or bad times, I have bad days and good days, Iife goes on.
Media is all ….
Funny, radio is on while I am typing and they say, well there was another interest rate cut but not what everyone was hoping for, only a 0.25% cut. mmm mmm mmm
I see your point about how sometimes everything is portrayed in the media poorly and that people simply jump on the bandwagon. I agree that this happens too often and can have a negative impact on the perception of the economy. My judgement this time is based on what I have seen first hand, firstly that my company (civil infrastructure engineering) has not been winning many jobs lately simply because there is not as much work as there was 2 years ago. This is not just my company, but all the competitors company's are similar, there were no redundancies in my company 2 years ago, but there has been several over the past months. Also I have seen in my dad's business (foundry work) it has been getting a lot quieter across the nation, there are fewer foundries than there was 10 years ago, and yet they are still quieter than they were 10 years ago, saying there is simply less work out there. Sorry I do not want to be pessimistic, and I know I probably sound it, I just am trying my best to be realistic and prepare myself as best as I can for the future.
Fair enough. it will prob be a little slow over the next couple of years for your line of work depending on your location but things will eventually get better again.
I remember when I was running my company we were constantly busy doing earthworks etc and a guy I had sign writing my equipment said he didn't have much work and may close shop (I was thinking but where in a boom), once in a while his company would get busy but he said he needed more work which was not out there for him, when the recession hit things got a little slower for me but my sign writer got super busy and had more work than he could handle. while some are slow others are busy but eventually things will turn for most companies just like it does with property and shares etc, but give it time and it comes back good again.
I can see why my sign writer was slow in the boom times, not many people bothered adverting but in the slow times more people need to advertise.
Each business is slightly different and at different times there business booms and there business is slow.
It is the same for property, some areas boom and some areas are slow for all different reasons but things eventually turn.
I am currently making a load more money investing in Gold Coast property than I am in Melbourne, Brisbane and Sydney, reason for this, properties on the Gold Coast are so much cheaper than the other city's and there is a bunch of ways to make money from these properties and eventually Gold Coast will come back strong again and huge profits will be made over night, In some locations of Melbourne and Sydney there prices are to high and are slipping back. In Gold Coast prices are very cheap everywhere and will only go up.
So currently Gold Coast is the place to make some good money before things start getting expensive again.
Media is slowly tuning into gold coast market but there not in full production printing articles yet and the time they work it out, all the smart buyers would have already grabbed the bargains.
keiko
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@keiko
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June 5, 2012 - 10:03 am
Don. wrote:
However, nothing gets the property market moving quicker than a new port, road or rail line.
Good thing for Gold Coast as there is a new lite rail under way, also heavy rail proposed. Also plenty of new roads being built or upgraded. $68 billion of work planned or happening. Some suburbs are starting to get warm, good time to buy before the commonwealth games.
keiko
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June 5, 2012 - 7:07 am
Jamie M wrote:
I'm certainly no property spruiker and I'm all for a balanced argument….but the way I see it, if the stock market is looking grim and rates are dropping…..this should make property an attractive asset in the current environment.
Cheers
Jamie
It will definitly help the property market, in the next few days I am sure the media will target that shares are no good and property is a safe investment.