Hi LostieThis reply maybe  too late but this is how I understand the laws in qld & NSW.  Not sure where your IP is, but if it is in Qld for example, your Solicitor would advise you to take out full insurance soon after signing the contract as you have a vested interest in the property even though the vendor has cover.  However in NS…[Read more]

Hi All

I am a newby and I am about to sign up for a block of 4 x 1 bedrm units in Jesmond in Newcastle which is close to shops & uni. The building is pre-war but is structurally sound and all units are tidy & currently renting @ $145/wk with potential of $175 after minor maintenance. I hope to buy for $420k + closing costs. There is also a 100…[Read more]