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Thanks for your detailed reply. Yes it is a residential house. At the moment the roof isnt sealed or painted so I may look into this first in a bit more detail and see what options there are. Do you have any recommendations of tradies in Brisbane that could assist with this?
I have an old 1950’s property in Brisbane which has had a leak from the roof during the recent storms a few months back. A builder has gone onsite and advised that the leak is caused by a cracked ridge and hip bedding. As Im looking to eventually demolish the property in maybe 5 years time, is there any way to repair this without having to replace the whole asbestos roof to get me by for a few more years?
Thanks Allycat. I guess Ill just have to try one and see how they go ensuring that I have a clause in the contract stating that I can change if im not happy with them.
Anyone?
Thanks mate.
Not sure about other states but generally in Victoria you put down a small deposit of a few hundred dollars or so when putting in an offer. If accepted, then the remainder of the deposit is due whether it be 5% or 10% of the sale price as agreed with the vendor usually a week or 2 after contract signing.
Thanks all.
I installed a Bunnings flat pack a few months ago in a 2 bedroom unit. Came out really nice. Only problem is if you rplanning to use granite benchtops then stick away from the flat packs with the plastic legs. If your going with the laminate benchtops then they look great. Easy to install.
Just one tip, remember to put the corner cupboard shelves in before you put the benchtop on. Thats the only small issue I had.
Thanks guys.
Any reason why this is the case? Is it classified as "higher risk"?
Thanks Terry. What sort of finance difficulties? Is it just the 80% max LVR or something else?
Any other disadvantages that anyone else knows of?
Generally its 80% so $70K on a $350k property.
Thanks guys. The tenants are meant to be paying monthly but seem to be paying in dribs and drabs all random amounts in hope that they will make the monthly repayments by the end of the month.
Luckily I got a call not so long ago saying that the vendors bank has located the titles and settlement will go ahead today.
Thanks for all the input guys. Much appreciated.
It is an IP so no real urgency to settle today. I spoke to the conveyancer and the last time this happened settlement was delayed for 5-6 weeks. What if I decide not to settle and wait for the bank to get the title deeds? Can the vendor cancel the contract or anything? Ive already forked out the money for the deposit and also for the bank fees, stamp duty etc so am losing out the interest I could have been saving on my other loan.
Thanks guys. I spoke to the electricial directly this morning rather then going through the PM so I could get the full story. Apparently the person who did it did a really dodgy job. From what he said the transformers are the incorrect ones used, the wiring used is the incorrect wiring and many of the lights are wires are loose being a hazard. He quoted $100 per downlight to rewire so $2200 all up since there are 22 downlights. Does this sound reasonable? Wouldnt this be classified as a repair for taxation purposes?
Thanks for the input guys. Im in Melbourne so if anyone can recommend some good cheap places for goods that woudl be greatly appreciated. The apartment is approx 60sq meters. I did actually forget abot things like light fittings, towel rails etc so will need to budget for them as well. Reckon approx $15K will be enough to cover it all?
Thanks guys. Ive spoken to the PM to get one sorted ASAP.
Thanks guys. Ive organised for my QS guy to go and check it out.
vidy wrote:This link may be useful
It lists the top 40 melbounre suburbs with number of burglary
http://racv.com.au/wps/wcm/connect/Internet/Primary/insurance/home+security/burglary+statistics/high+risk+areas/cheers
vidyJust because they have high burglary rates doesnt mean those suburbs are a bad investment. Some of those suburbs which top the list such as Parkville, Carlton, North/East/West Melb, Malvern East, Port Melbourne, Kew etc are all inner city suburbs with excellent long term growth figures. I know I definately wouldnt be complaining if I owned a property in most of those suburbs.
