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Thanks for that this building is Charlotte Towers it seemed a good starting pint as Devine where giving a $250000 rental promise for the first year.
On the topic of Buyers Agents as i was in discussons with this agent at the start of this thread and listend to all posts,my solicitors in Australia said it was a commercial joke and they could not recomend the deal on commercial terms.
I never told the Agent which branch of this solicitors i was using and the Agent had no contact with anyone but me to my suprise on thursday evening i got a fax from my solicitor saying the agent had been in touch asking for a meeting with them to complete the deal,they said to the Agent they would have to contact me is this normal for Agents to track down the solicitors Branch i was using taking into account they have branch’s all over Australia and Asia.
Plus the agreement of commercial terms surely is for me to deal with the Agent with not for the Agent to chase a solicitor who he has had no contact with down.
Should the solicitor have confirmed my account was at there branch under the Privacy Act and under confidential client rules?.
Am i wrong in thinking the solicitor should have not responded with a reply and just told the agent to contact me.Sorry if these seems stupid questions just feeling my way into Australia.
Thanks
MGRThanks for your links Derek great help as always just looked and theres a wide range within this building for the same property,probably the best way would be to take an average.
thanks,
MGR
I thought the same but they say that there duties are maintanance and general management with weekly reports to the owner if they have any strange things to report.
That last article was great Kay as on the PAMD22a form we noticed the licence expired in the first week of october,when we asked about this he said he would renew it early as it onl costs $1000 dollars.
After reading the article he should have been paying $3500 thanks for your help i no which way to run now.
What makes things worse is i checked this out with the Fair trading dept in Queensland.Thanks for that info Kay great reading,i have just gone through realestate.com.au in redcliffe and found some of the examples the agent sent about his properties in redcliffe on the site they are cheaper on realestate.com.au by around $50000 but they all seem to be with the same developer Remax.
Sorry Kay the $300 was the rental return on the redcliffe property which the agent refered to as upper market.
The other remarks where made by the agent about redlands there was no rental return given for that area,the remarks about the different social groups was the opinion of the agent i have found that the lower paid etc tend to take more care of what and where they rent as it is needed more than middle class renters but that is only what i have found.
Hi Derek it sounds like i have been lucky my solicitors stopped me from signing the contracts.
Kay have done all you said i have been using the sites you mentioned for a year now and doing all the research i was ging to purchase some new developments in Redlands but was advised against this by the agent who i was talking to in this post,they said redlands was a single mother/drop out zone filled with the dregs paid for by the welfare system.
Seems a bit unfair to me as i have never had trouble renting to single parents etc over here in fact as they tend to need the property more they tend to be more reliable and careful than the so called middle class market who can just get up and go and tend not to take as much care about the property.The long term Cap gains should be good i agree.
Once signed up the arrangement is openended and if you find and purchase a property from another source your obligated to pay them the $5000 still up until you have purchased 5 properties.
The return to me seems terible the property was $325000 they wanted to put me in with a tenant at $300 per week $15600pa less expenses which is a return of less than 5% before taking into account expenses.This is in the Redcliffe area of north brisbane on a townhouse 3bed 250m from the bay and coast.
I was told i would need to spend at least $200000 per IP property to get a return that justified the expenditure,this is in queensland the first property was a townhouse 3bed and it was priced at $325000.I was told that i would not be able to find a property for less than $150000.
Are you saying $50000 will buy property if this is true i have been a total fool.
Thanks for your reply.
Has anyone heard about or used Propertybuyersagent.com.au any info would be great,thanks.
Is this the going rate for only finding a property not handling any other matters they will not be acting as an agent between the seller and buyer my solicitor will be handling everything with the seller.
Thanks for your help i did look at some smaller firms,but with buying from overseas i need a firm that control a buyers agent,accountant and management company which minter say they can do.
Regarding the fees when i compare Minters fees to my UK solicitors fees they are around the same so if Minters is an expensive firm your more competitive firms must be cheap.
Just can’t wait until i get my Visa,thanks for your help.
