newbi2 replied to the topic QLD investing Dalby, Chinchilla etc in the forum General Property 16 years, 1 month ago
I still maintian that Moura is a nice little town currently flying under the radar. You can purchase under $280K and rent for $450 + per week with potential to subdivide (if you can pick up in the right streets). New motel, new IGA all in the pipeline, new shops almost complete. Belvedere underground mine now have their mining lease, which is…[Read more]
newbi2 replied to the topic What is the conveyencors charge for serving vendor with notice ro rescind in the forum Help Needed! 16 years, 1 month ago
I had to recind a contract last year in QLD and from memory it cost about an additional $350 for them to draft it up. Remeber, anything additional to standard is charged at an hourly rate.
newbi2 replied to the topic “I BUY HOUSES FAST” signs in the forum Heads Up! 16 years, 1 month ago
Maybe bikies are finding a new income stream???
newbi2 replied to the topic “I BUY HOUSES FAST” signs in the forum Heads Up! 16 years, 1 month ago
leave a message saying you are desparate to sell your 1500m2 block with old house in great area before the bank steps in and see how quick you get a call back. The smell of fear and the sniff of a profit should bring them out of the woodworks.
newbi2 replied to the topic PLEASE HELP DO I HOLD OR SELL in the forum Help Needed! 16 years, 1 month ago
Sarah,Dont forget that if you choose to cut your loses now and sell, you are still up for the stamp duty which in NSW has to be paid within 3 months of EXCHANGE – not settlement. This is not a comment on whether to hold or sell, just a reminder to factor in that cost NOW rather than later.CheersMick
newbi2 replied to the topic Regarding New FHOG in the forum Help Needed! 16 years, 1 month ago
Although tough, a line in the sand has to be drawn at some point and someone will always miss out. They certainly did when the baby bonus came in. There were alot of babies born just after midnight on the first eligible day!!!!!
newbi2 replied to the topic $430k to $375k drop – please help in the forum Help Needed! 16 years, 1 month ago
So D,What are you selling?
newbi2 replied to the topic Just bought in a Mining Town in the forum General Property 16 years, 1 month ago
There are other mining towns that fly below the radar that offer excellent returns off a much lower base. Try the lower bowen basin. Belvedere has just submitted applications for mining leases, previously they were only exploratory leases. This will be a massive underground opperation. Land currently being purchased for construction of a new IGA…[Read more]
newbi2 replied to the topic Agent games help! in the forum Help Needed! 16 years, 1 month ago
Congratulations, I hope it all now goes somoothly for you.Welcome to the world of home ownership.Mick
newbi2 replied to the topic Property 2009 debate : Crash, Boom or Stagnate?! in the forum Heads Up! 16 years, 2 months ago
Mate, that is a LOUSY invite!!! It would probably help your credibility to contact him directly rather than through the forum.
newbi2 replied to the topic Photos for the Condition Report in the forum General Property 16 years, 2 months ago
Unless you plan on taking a tonne of pics (from across the room you may not notice multipe small picture hook marks for example) what is wrong with the detailed property report? Just curious? It has to be signed by the tennant, although I guess you are relying on the agent to take the time to fill it in accurately.
newbi2 replied to the topic Can I get FHOG on an investment property if I make it into my PPOR later on? in the forum Help Needed! 16 years, 2 months ago
Either search this site or google the ATO, but my understanding is that you must live in the house for at least 6 months starting sometime within the first 12 months to qualify.
It is leveled in each state independantly and on the LAND component only. There is also a threshold (varies from state to state) where you only pay tax once you go over this threshold. So my guess is you dont make the threshold for the total land component, either by the land value being still under the threshold when all are added together or if…[Read more]
newbi2 replied to the topic Accountant or Financial Adviser? in the forum Legal & Accounting 16 years, 2 months ago
I agree with Terry,No one else will look after your money like you, and at the end of the day, no one else but you has to find grocery money so do try to pick up as much as you can. It certainly seems overwhelming to start with, but I would encourage you to start things simply, talk to people that seem to be doing what you would like ot do, read…[Read more]
newbi2 replied to the topic Financial JV partner sought – Bank demanding payment by 16th September 2008 in the forum Help Needed! 16 years, 2 months ago
How did you get on?
newbi2 replied to the topic problem found during building and pest inspection in the forum Help Needed! 16 years, 2 months ago
I guess it is up to you to decide if you are happy with the outcome. How much do you really want to purchase the property. If you are happy that it is a good buy then dont quibble over the little things. If you are doubtful (which it sounds as though you are) then stick to your guns and say you expect the original report recommending replacement…[Read more]
newbi2 replied to the topic urgent opions needed about valuation under the purchase price in the forum Help Needed! 16 years, 2 months ago
And then again, valuations change. We receently purchased a block that had a valuation of $480K then was revalued by the same valuer 4 weeks later for $550 (our purchase price). The difference, we were able to use the existing infrastructure (large concrete slabs in a rural settting) which increased the value, where the first valuation was…[Read more]
newbi2 replied to the topic is this legal? it works for me in the forum Help Needed! 16 years, 2 months ago
Easy to track, all they have to do is look up phone, utilities, etc to see where you are really living, so yes as indicated above I do believe it would be dlassified as FRAUD. However, if you did physically live in each others place then no worries as all you "proof of residential address" is at the renal premisis
newbi2 replied to the topic Claims for penalty payment after settlement in the forum Legal & Accounting 16 years, 2 months ago
OK, just to get this straight, the BUYER is claiming penelty interst? What state are you in? I am in NSW and when a recent purchase went over because the vendor had not removed an item they were required to, I was told that my options were:1. wear it, it is only a few days, or2. lodge a notice to complete, 14 days after which we were entitled to…[Read more]
newbi2 replied to the topic Pebblecrete drive and patio – reno, to keep or alternatives in the forum Value Adding 16 years, 2 months ago
I live in a new subdivision acking onto a golf course, so pretty nice houses. Most of the driveways are stencilled. I opted for the stain in the concrete. One of the main reason was the condition of these driveways in less than 5 years. Fading, marks, wear. Two driveways have permenant marks from overzelour remolist trucks backing up before it was…[Read more]
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