We have one IP that we bought by accident in 2000. We were going to move out of Sydney to the Sth Coast of NSW. The work transfers were organised and the property was purchased as our home. The work transfers fell through and we were left with a house that we could not sell. The agent we got it through leased it out for us and this turned out…[Read more]

Thanks Kay, it is great to hear that you have been able to maintain such a philosophy. I personally agree that it is simply not worth being dishonest. It is against my personal moral code and causes me such anxiety that it outweighs any “benefit” to be gained. It also sours the whole feeling of that “benifit” for me – permanently. Getting…[Read more]

Hi and thanks for the replies – I’ve found something much more interesting and as I’m only starting out, one at a time is about as much as I can deal with (at the moment anyway) so I’ve decided to move on to the next thing.
Thanks again for the support and encouragement.
Regards
Sonja

PS I still wonder how far to trust agents although I expect…[Read more]

I’m just not sure what to do in this situation either. Last week we looked at a property on the market for 100k and as we were leaving to “think about it” (only worth 90k by my research) the agent told us that the vendor had turned down an offer of 95k about 2 weeks ago. My thoughts (kept to myself) “what idiot puts a property on the market for…[Read more]