Hi PaulI have worked for the last 6 months as new homes consultant in the Butler area just up form Clarkson. I think its a great suburb and still has a lot of potential with the Marmion ave extension to be completed within 12 months, and the freeway & rail within the next 10-15 years. Its still a relatively new area, but i feel in years to come…[Read more]

i have a few queries to add to the above reponses, seeing as you guys have been so informative so far!!i am currently in the real estate industry, and i get a lot of finance enquiries in my position (3 or 4 per week). I currently have a working relationship with a broker who i refer all my clients to. My broker does finance for all the clients and…[Read more]

hey happyjackI currently work in the industry in perth, and feel that danmar homes build a good quality home. Having said that, every single builder in perth has its success stories, as well as disaster stories. Unfortunately this is just the nature of the booming industry in WA at the moment. It is every builders goal to provide a high quality…[Read more]

Thanks for the responses so far!"The way around it might be to borrow to buy another income producing asset?  Something that will make a loss but be very likely to make a capital gain."in regard to the above… im not sure if i would have the cashflow for this. Can you please elaborate further on this though?Cheers,Lyndon

Thanks Art, your suggestions have been very helpful. Thanks also to everyone else too!

Hopefully i can work all my stuff out in the coming months. Now i just gotta finish off my house so im not walking round on concrete floors anymore!

Cheers

Lyndon

Hi all

thanks for the great replies thus far.

My main worry is that my current PPOR is a new home, only just completed 1 month ago, and things could get damaged quite easily.

Am i within my legal rights to take a bond if i am managing a property myself?

I just want to know that i have the same protection and backup with contracts in place etc…[Read more]

Thanks for all the great responses!

Originally posted by Mortgage Hunter:
Should you draw that $100K to buy a Lexus then your original $300K loan remains 100% deductible. If you had kept the money in the home loan and redrawn it then you will now have a loan with $200K deductible and $100K (for personal use) not deductible.

in reference to…[Read more]

hey

try asking them to present you with a better way of investing. sounds like maybe they fear what they dont know?

i guess all you can do is show them the facts and hope that they realise how many oppurtunities there can be.

this is a hard one

where are you from ?

Cheers
Lyndon

thanks for the advice terry!

can you please explain how the offest account works ?

regards

Lyndon

hey

you could pobably look in the TV Guide. i always see ads offering colorbond patios etc.

otherwise..depending on where u want the work done and if you want it to be a little more complex…i know that Xtra Construction do a lot of work SOR. they are in rockingham.

cheers!

Lyndon

so you’re the ones flogging all my bloody building materials from my jobs….

Originally posted by sme:
Because of your lack of planning and experiance the plumber and electrician would not have made a cent out of your job. As a dumb renorvator hope you have made your money.

Looks like someone has been caught out many times doing sh@#ty work!

Hi Daniel,

The cost involved really depends how you want to finish off your house (granite tops or laminate?..tiles or floorboards? etc etc ). Personally, i would finish it all off yourself, rather than getting the builder to do it. Simply because, as you said, builders dont include these items as a standard. It is because of this that everything…[Read more]

Hi Shrimpo,

If you were to receive your first home owners grant, you need to live in your home for 6 months, within the first 12 months of owning the home. there are further details at http://www.firsthome.gov.au/

Hope this helps.

Cheers
Lyndon

Hi

I would be interested definately.

[email protected]

cheers

Lyndon

I find that if a house is for sale and his has the possibility of being subdivided, the real estate agent tends to use this as a selling point.

You should ask the agent (though never take that as gospel, always check with local authorities!), as they usually bump the price up of properties that have re-development potential, so they will most…[Read more]

CORRECTION

provisional sums might not be finalised at time of contracts as they are not yet quantifiable, but the builder needs to give reasonable proof if PC or PS items come in higher than originally noted in the contracts.

im not saying that the builder is necessarily wrong, as most times they are not – many hours are spent ensuring that they…[Read more]

I didnt say that it was necessarily the builders fault. Quite often the builder will have a reason which states exactly why its the clients fault for the price increase. they have to give a reasonable explanation though.

provisional sums have to finalised in the final contracts, and by law have to be within 10% of the actual cost of the work.

Registered builders that use their ticket/registration for a building company as an employee can earn around 150k pa..or even more. Having said this..they do have a heap of responsibility and put in endless hours.. but they pay is excellent.

To start out on your own means a massive outlay of capital..very high risk.. higher stress!

You also need…[Read more]

Hi goodbyekitty,

you have signed a contract with the builder, and they have to hold that price. they can only price rise you if
a) you do not get all approvals in the beginning stages before your contracted 45 working days is up – NOT YOU IN THIS CASE

b) you did not pay your final progress payment, hence allowing the builder to charge a…[Read more]