There is very little supply in Darwin.  The market is VERY strong in the under $400,000 bracket.  There is pretty much nothing under $300,000 and that included crappy units in dodgy areas.  A few years ago, properties in Palmerston were worth far less than Darwin properties, but that seems to have disappeared.The rental market is very strong an…[Read more]

In this market there are so many bargains out there that I can't imagine that developers will be paying full tote odds for any properties.  Say you pick up the house next door for $400,000, you have then spent about $850,000 on the two blocks by the time you take into account stamp duties, legals etc.  Do the sums.  Assuming that the houses get de…[Read more]

Hi HkTwo years ago my husband and I went to Hervey Bay to look at property.  I was six months pregnant at the time.  I remember going to get a massage and the woman doing the massage asked me whether I was in HB to look at property!  When the masseuse assumes that a six month pregnant woman is there to look at property, that suggests to me that ev…[Read more]

I tell my accountant what I want to do, they decide what sort of trust will be best and they get a lawyer to draw up the deed.  I am a lawyer myself but there is no way in the world I would prepare my own trust document.There has been a lot of talk on the forum about setting up your own trusts/companies, but I would thoroughly recommend that you…[Read more]

Hi Miss CroftWhile I think that Mr Robert is probably an employee of Care Park, I have to agree with what he is saying.  Yes, you shouldn't have to sign an agreement to park in your own car park, but how would you feel if you came home every day and found someone else parked in your park and you couldn't find another park and had to leave your…[Read more]

Go to the Legal Services Commission (or the WA equivalent) and see if you can get legal representation.  Call the Law Society for their number.There this no way you can get out of this without legal representation. And stop talking to your ex husband and trying to make deals with him.  You are only going to dig yourself in a deeper hole than you a…[Read more]

Contrary to popular belief that the agent MUST present ALL offers to the vendor, if the vendors have said that they don't want to be presented with offers under $XXX then the agent does not need to present offers under $XXX.  Having said that, most REA will let the vendor know of all offers (especially in a market like now) so that the vendors…[Read more]

Hi thereThis PM comes highly recommended.Suzanne HoweFocus Property Management  ph:  08 8395 5789  email:  suzanne@focusproperty.com.au  mobile:  0418  827 585Good luckK

I have a friend who speaks very highly of their PM in the Adelaide northern suburbs.  I will find out their name and let you know.CheersK

Hi pipeline builderMy husband and I have achieved "financial independence" through property and property alone.  I use the inverted commas because we still have to work to pay for our lifestyle but our work is property development and we only need to do 1 – 2 builds per year to pay our way and increase our wealth.We started out at the beginning o…[Read more]

As far as I am aware pest inspections are your responsibility, but I don't think there is any obligation on you to have them done annually.  You can do them every six months or you can not do them at all.  I don't see what it has to do with the tenant.CheersK

aquarius69 wrote:
This company is someone to sure be wary of.  With my dealings over the past few months it is astounding how they are still operating.  I think more people need to look into the relationship they have with the solicitor firm they use and also the real estate firm!!!  There is way to more it than meets the eye and something I am…[Read more]

Knock it down or seal it up.We are doing a reno at the moment on a house that had an old stove in the kitchen with a huge chimney that stuck out.  The stove had long gone but there was still an alcove that housed a newer oven.   A couple of days with a jackhammer and the problem was solved!I tried to find ways to keep the alcove but decided th…[Read more]

Hey Melanie,You have probably put this somewhere in this thread but I'm too tired to read through it all.  When you first bought the property, what market value were you aiming at and what do you think the market value is now that you are nearly finished?CheersKPS.  Our reno is coming along very slowly but very inexpensively.  We have done a lo…[Read more]

We bought a house on a development site 12 months ago for land value only.  The house was a mess.  The tenant had left crap anywhere.  We brought in a skip and emptied out all the rubbish, whipper snippered the property (on 5000 sqm), got a tenant in paying $280 per week and had the bank revalue it 6 months later at $100,000 more than we bought it…[Read more]

Hi bespokeIn my experience (and this is just my experience and opinion), unless you buy a property well under market value there just isn't a very good return on reno's on their own.You are right, by the time you take into account purchase costs, holding costs, selling fees, possibly GST and definitely CGT most profit is gone.  Yes, you may make…[Read more]

If you don't put a timeframe in the contract then the offer is valid until you let the vendor know in writing that the offer has been withdrawn.Even if there is no timeframe in the contract and the vendor signs the contract say a couple of weeks later you can still exercise your right to cool off under the contract.In my experience as a vendor, I…[Read more]

Hi mrscamYou have a couple of different answers to choose from so I thought I'd give you another one to throw into the mix.It all depends on what is stated in the sales agency.  If there is nothing said in the agency you signed then you are free to sell privately to the purchaser after the agency has expired.  However, usually there is so…[Read more]

I think that these posts must be from a disgruntled ex customer.  They can't be from someone related to the company.  Whoever is posting them is doing the company an awful lot of damage though.CheersK

Hmmm.  No.  The answer is right here in this thread.