Yes, 100% avoid. Have heard and read many bad things about Zaki Ameer and Dream Design Do. I questioned their figures that they posted on Facebook and was ignored many times. Overstating equity gains by 50% is pretty risky :/

Be wary is all I can say… have heard stories of their bank valuer guy overvalue properties significantly http://australianpropertyforum.com/topic/10077322/1/ and providing a cookie cutter approach to buying for all their clients. There’s a good few threads on other property forums you could find with a quick Google search ;)

Wow… this is the exact same situation I’m in too! 1br in FV through Ironfish and only realizing the mistake now… Guessing it’s the Elenberg Fraser/Gurner Flat Iron building.

Due to visa restrictions I can only buy brand new for the next two years and was shown this one as a good option and while it would be better stock than other similar 1br…[Read more]

Thanks for that, had no luck on Google. While there’s no defined time for VIC REA’s, it pretty much should have happened at the time he signed.

Forgot to mention it was signed it NSW but for a QLD property though guessing it should be similarly worded for either if they have the same Act.

If you don’t ask, you won’t know. I’d still go and talk to the owners. Things don’t look to be in your favourite but may get lucky and will never know unless you try. It’s not always about the $$$’s ;)

The amount of stamp duty you are required to pay is assessed on the purchase price or the market value of the property at the date of settlement, whichever is the greater.

https://www.revenuesa.sa.gov.au/generic-pages/i-am-a-property-ownerbuyer

Good start with taking out house and landlord insurance. I hope you went with the most comprehensive options… With your house insurance make sure it covers ‘uninvited guests’. Income protection insurance would also be a good idea, especially if you’re negatively geared.

Depending on the level of protection you want it would be worthwhile…[Read more]

Welcome :)

What’s your background and investing goals?

HCK has been around for a while and would put her in the same camp as Margaret Lomas

As mentioned above, all the information is widely available at a fraction of the cost but where I think it would be beneficial paying such a pretty penny would be for the consistent motivation and being held accountable. But if you’re motivated enough yourself…[Read more]

Thanks for the replies. Must have misunderstood what the speaker was saying as it did sound pretty good but at least it is possible as long as the valuation comes in higher than the contract price. I’ll keep the fingers crossed for the next three years :D

Where was that OTP Richard?

The risks for someone like you who is highly geared are very high irregardless of how the economy is going. Have you looked into a ‘worst case scenario’ exit strategy and reducing or adjusting your level of exposure? An exit plan is just as important as every other stage.

No idea what it was in Auckland but I remember reading that the Sydney…[Read more]

The risks for someone like you who is highly geared are very high irregardless of how the economy is going. Have you looked into a ‘worst case scenario’ exit strategy and reducing or adjusting your level of exposure? An exit plan is just as important as every other stage.

No idea what it was in Auckland but I remember reading that the Sydney…[Read more]

Buying for $410k and deposit was 10% but as its Off the Plan due for completion in 3 years I plan to have at least another 15% saved. Is asking for more solely to act as a buffer not possible?

No PPoR so no mixing of the purpose of the loan. Tax deductible while simultaneously paying down the interest… Very nice!

I did a MAP session with Nathan some time last year and only have positive things to say about it… well, aside from the fact that the hour went way too fast!

I had a lot of questions prepared beforehand and by the time the session was up, he had answered every single one quite well. Obviously he related to his own personal experience a lot but…[Read more]