How desperate are you?

What savings record do you have?
How likely is it you will keep up/meet the repayments? ie assess the likelihood of a default.
Proof of income/source of funds.
Guarantors/referees

That 5 day cooling off gets you some sanity time.

Is that the vendor putting you overe a barrel so you won’t discover the effect of the caveat until you’ve released the bond unconditionally?

Sounds suss to me.

who told you you can’t find out? it should be a registered document. see your solicitor about it

I even remember the day(s) of text only email. Now that's almost pre-OS2. hehehehe

Don't knock Netscape D, that was my preferred browser back in the day.

I don't seem to have a problem with Chrome, Firefox or Opera (on my phone). I can't even find IE on my laptop, must have deleted it – ooops!

Just install gutter guard and in most cases it should stop the accumulation of leaves.

There are a couple of options to investigate: purchase some positively geared property (possibly in growth areas), diversify ie look interstate for cap growth or cf, sell the worst performing asset and buy a quality inner city location, nothing against Kangaroo Point.

Delete the street names – suburb will suffice as scammers may see you as a…[Read more]

Depends upon whether you have put a special condition in the lease. If its silent then you’d be responsible.

If you don’t go over those hills you’ll be digging yourself a big hole – you’re putting in almost half the equity, to get 15%??? They get a wage for working in the business and you get (interest on your loan)? You bear % of the risk and get 0%.

Jac, we pay for the convenience in Sydney – atm you’ll find a few 3 bed units or townhouses down around $700/wknd but they won’t be too glamorous. The rentals have tanked a bit due to some changes in the fbt/living away so the rug has been pulled on investors at this end of the market.

I don’t know where you’d be thinking of which would be in budget?

Not a problem. There’s one down the street from me asking $4,800 per week!!!!

:-0

Hi Carl, the budget seems a little tight for a 3/4 bedder (you might scrape a very unrennovated place for that sort of budget on the LNS). Top it up by $100-$150 per week and then the doors should open otherwise you may be stuck around Beecroft/Epping/Eastwood/Cheltenham/West Ryde stations or along that rail corridor.

Are those hills getting closer yet?

But seriously, how is the deal to be structured? Have they secured finance? What is their experience with regards to brewing ie none/little or are they going to employ the expertise to run the brewery? What are the costs for the fitout & are you paying your share? The list gets longer….. How about going in…[Read more]

I haven't seen any further updates from the legal eagles. Basically the courts said that they wouldn't touch it. It may have a knock on effect in other states but each state's legislation is different.

I doubt the OFT will move too quickly on the issue. They'd prefer to remain a toothless tiger.

Derek wrote:
Hi Mattsta,

 Been a while since I had an understanding of NSW building warranties so double check.

My link is to the most recent developments in case law – effectively, there is no contract between the builder and the body corporate for issues with the common property (BC did not contract with them or buy etc) so there is no…[Read more]

If all else fails you can use the financial formulas in excel to do the dirty work for you.

Look at Formulas/financial/pmt

=pmt(rate,nper,pv,fv) will return what your repayments will be. Remember to keep your units uniform ie interest rate if annual, then keep no. of periods as years or interest as monthly rate then the number of months of the loan.

Any idea whether they will use the funds for expansion, infrastructure or exploration?

I'm with Shahin on this one. 50 m2 is the minimum that the bank will lend on with max lvr but this is tiny for a two bedder.