Hi Denis – my 2 bobs worth is I would consider one of the Big4 banks. Sounds like you are going to need Mortgage Insurance and the Top 4 banks have more pull with the MI's. For example we tried a non Top 4 bank and got turned down as my hubby had changed professions and didn't have 2 years work experience in his new field (despite the fact this is…[Read more]

We had one done by Catalyst for a property in Gippsland. Report is very thorough

 freudian slip hock/hook? lol

We had a 3 bedroom w/board cottage restumped for $6k cash 3 years ago – had it finished in 3 days. We want to paint externally this cottage – tenants are quite keen to do the labour in lieu of rent – so would be interested in a cost comparison.We just had upstairs in a 2 bedroom townhouse polished (2 bedrooms, hall, bath and toilet $1500. We just…[Read more]

Hi Robin – is the land zoned commercial land?

agree that it is a solid suburb that should continue to grow in value

Is it an open lease? Are the tenants doing other things in regards to rent? (ie. sometimes my tenants stain/paint in lieu of rent?

pain in the ar*se

maybe speak to your super fund you may be able to access funds under the hardship clause.

I would say yes – our IP is 1948 and it was definately worth our while

This may sound silly but wouldn't Builders Warranty be available as the builder would of been insured whilst building your place? Otherwise you may have to claim through your insurance/Body Corporate

Hi Karen – Banks are just taking there sweet time with mortgage applications at the moment, have everything crossed that it works out for you.

I was just reading an article about a lady who collects hair from women's hairdressers to make her home render for her house restoration. Apparently human hair is very strong

Never too late – your accountant can easily amend the previous years returns. We used Catalyst and it was a quick turnaround and around the $600 mark (which is claimable). Our property is very old and it is still very worthwhile.

I would hang onto it – if it is going to be neutral. Is the loan currently Interest Only? Also don't forget to factor in depreciation costs – it is around $600 to get a schedule done. Our Investment Property that was our PPOR is post world war 2 and we are claiming around $1500 per annum depreciation.

I would I know of people who didn't do a final inspection and when they got the keys on settlement discovered all the built in wardrobes had been removed

just wanted to add that very ugly high rise on the highway that has all the antenna's on top has just been given the go ahead to turn it into a classy motel – so that shows investor money is following with the infrastructure $ that is happening there

great going – awesome and inspiring

the approach to Frankston is beautiful definately gorgeous coastline! The new Marina development on the Mt Eliza side is starting in December – I think that will change rental prices and probably force a lot of lower income people inland. We just bought in Seaford and are very happy

Is it in body corporate rules that she can't have a pet? Sorry I am failing to see the problem – is there no yard?  Not all small dogs are yappy – we have one here that is extremely quiet