Thanks Maree

Hi Kumar,I have not settled the insurance issue yet but I'm keen to get it resolved soon.  I think you should contact the insurance company to find out what the policy covers.  If there is any progress at my end, I'll keep you updated.  Thanks.Cheers,Corinne

Hi Everyone,Thanks for your replies. Limited Recourse – I have had a depreciation schedule done by a quantity surveyor prior to renting my IP out.Banker – My mortgage is with NABKeiko – So, I should just let valuer know that the purpose for valuation is for obtaining finance and to be addressed to myself.  Then, when it's done to get the valuer to…[Read more]

Hi Terry,Thanks for your reply.  My banker said I have a choice of 2 valuers and that I could contact the valuers to get a quote before letting her know which one I want to use.I was wondering if I should order the valuation to be addressed to myself then redirect to the bank or just get the bank to request for one to be done with the valuer t…[Read more]

hi adam,thanks for organising…. i've had a great night.  looking forward to the next meet up!cheers,corinne

I'm new to investing too and have only just bought my first IP.  Would love to join the group if you all dont mind having newbie  I'm also in the East.  Any weekday nights after 7pm is fine with me.Cheers,Corinne

Thanks for the tip, Terry.  I've worked that out now Cheers,Corinne

Hi YI and Chris, Thanks for the advise and sharing your experience. If I get the interest only loan with an offset account, do I park all my savings in the offet account? or do I leave that account empty so that I can maximise my tax deduction and only use it when I move into the IP in future?I'm not sure if the front unit is owner occupied or…[Read more]

Mike,You're the best! Many thanks for your help, mate.Cheers,Corinne

Thanks for sharing your experience, Devo76.With regard to paying a deposit, does it get refunded if I make an offer but end up not buying the property for some reason (eg, vendor counter offer but price too high and I decided not to proceed with the purchase, finance wasn't approved etc)?

Hi Mike,Once again, thanks for your help! Greatly appreciate your kindness!

Thanks everyone for your replies.  I'm currently waiting for the agent to email me the section 32 for that property.  I am thinking of making an offer prior to the auction on 4 July and see how it goes.  Wish me luck Jamesy,  would you be able to send me a PM with the contact details for Mary Haines Conveyancing? Thanks!Cheers,Corinne

Hi Mike,Thanks for the report.  The information is very useful to me. You're a champ!cheers,corinne

Simon, thanks for for sharing the info.Luke, is Betta Build a Hontondo franchisee?  I will get in touch with Betta Build when we are ready to build the house.  We'll will going to see the Hontondo display home this weekend and also need to sort out some matters in the coming months before we can go ahead.  We really like the design we saw at the…[Read more]

Hi Mat,The 11 second rule is kinda outdated and is no longer applicable in today's property market.

Hi,Thanks everyone for your replies. It's our first time buying a property so we wish to know as much info as possible before signing any contracts.Simon, for Hotondo Homes can we select the builders that we want our house built with or do they simply allocate a builder to us?  We like one of the Hotondo designs and would also like to make a l…[Read more]

Hi,I live in Carlton, and I am assuming the apartment you are planning to buy is one of the many student apartments found in Carlton.  There are currently 6-7 blocks of such student accommodation found within walking distances of the university.Being a student myself 2 yrs ago, I personally wouldn't pay $200-250/week to rent a room in your a…[Read more]

Thanks for your replies La and duckster. I think first of all I need to find out if the units are strata titled. Will keep you all updated. Thanks.

Thanks for your reply Marc. I will go read more abt Point Cook in this forum.

I was planning to live in the house initially since i hope to get the FOHG and then decide later whether to rent it out and get another property. I am excited about getting my first property but yet dont really know how to go about doing it. Is there a good book that…[Read more]