Letting fee-
From 8.5% to 9.35%

Fixed letting fee for each new tenant-
From N/A to 2 weeks rent +GST (less 1 week if paid by tenant)

What’s the difference between the two?
My letting fee is either one week’s rent (I’ve heard that you guys in WA have it tough with the two weeks thing. Never heard of a tenant having to pay a letting fee over…[Read more]

Jo

Mum and Dad’s house sounds similar to the one you describe. ie a fan shape. But the narrowest point – enough to park one car on the road (as opposed to the rest of the street who could park 2 or 3) is at the front. At the back, our backyard actually ajoins two whole backyards – so ours is basically double theirs.

I guess it’s the size that…[Read more]

Weswomack, might be an idea to go and read those sections on Wraps and Flips, as Steve explains how he got the deposits to keep buying the properties……

Cheers
Mel

How come there is a road sketched through YOUR block if the plans are for next door?

Cheers
Mel

The big sign that advertises the agency big time!!

GM, maybe you should say you will only extend further if they will pay you your lost rent etc. Otherwise (and maybe do this anyway) re advertise it for sale…

Cheers
Mel

To answer your original question (sorry)…

I think I read somewhere that you can add the cost of the interest of your home now whilst it was not your PPOR to the cost base for purchase – but definitely confirm with ATO or your accountant.

I know if you have a holiday house, and don’t rent it, you can add all the expenses (rates, interest etc.)…[Read more]

Nikola, I guess my brother is in a similar situation to you. He is buying a property for his PPOR, but is going to rent it for the first few months (to my other brother), so that he can claim IP expenses (most notably stamp duty in ACT[biggrin]) and we’re tossing up whether or not to get an IO loan or not. I think we will as he has to repay my…[Read more]

Walker was great – when he was on the field. It was when he decided to have a few drinks or go walkabout that he became a pain in the ar#e! As a Brumbies fan it was awesome to sit in the stands and watch when he had the ball. Samo of course is better now, but we didn’t have him then…

Cheers
Mel

Well said Baloo

Cheers
Mel

Sorry Rob, but I don’t agree. Johnsy is still going to have to prove that he can play the game, and if anything, bringing in high profile League players lifts the profile of rugby even further, thus bringing in more supporters, and more juniors to the game – AND of course, more money….

And as mentioned earlier, the funds are coming from a…[Read more]

Yeah Aussie. Those pools look pretty cool!! [biggrin]

Cheers
Mel

Don’t think so Dom. Post 1985 is the building depreciation…..

Cheers
Mel

Michael O’Connor (from years ago…)

I think it’s good that Rugby now have the money to spend. I reckon the guys switching across, ie Sailor, Tuqiri, Johns, Rogers etc. will encourage young kids to play Rugby as well now – if their heros swap, then maybe it’s not so bad a sport after all……

And the radio said it’s $600K per year. Should be…[Read more]

Dom, if you know that it’s zoned for units, then I guess you would probably contact an architect to start to draw up some plans for you – fitting in with council guidelines of course….

That’s just a guess though[]

Cheers
Mel

Dom, I’d look at buying that one! Does it have growth prospects? If so, then definitely go there.

Also, ask council or whoever you can to work out year built – as long as it looks under 20.. If it looks 80 years old, I guess it doesn’t really matter….

Cheers
Mel

Originally posted by Marisa:
Terrace in Paddington, …… must have cost squillions?
All the best. Cheers, Marisa[biggrin]

Ummmm, yep. Almost twice the highest price I have previously paid! Gotta love Sydney[biggrin]

Cheers
Mel

I heard on the radio this morning that the signing won’t happen til this arvo – some problem with the business consortium’s money…. Sorry Rugs, I reckon the Brumbies will still finish ahead of the Tahs!

Cheers
Mel

Not right at the moment. Waiting on settlement of my first (and probably only) purchase in Sydney – a terrace in Paddington. The seller (a friend) said he might have lined up a tenant for me too – so that’s good news.[]

Cheers
Mel

G’day, my figure of $5000 was that as the interest = the rent (or in fact in your case it’ll be less than the rent), to come up with your figure of $100 out of pocket per week, that is roughly the $5K i quoted.

As the property is still being built, the rental is obviously a projection! From who? Have you asked a few other agents to get…[Read more]

That’s true Kay! Although the ‘wonderful woman’ who did the paperwork when my brother sub contracted – was my DAD![]

Cheers
Mel