2002??? geeze how time flies, it seems like i just picked it up a few months ago…
The info would be relevant, and perhaps more so as the years stack on, because you could compare info from “then” with up to date info… and see if the place is growing or shrinking…
Perhaps u may still need the income from your job to finance new property(s), im guessing a house in need of a good reno would be vacant, or either way u would want it vacant to do the reno??? (ie no income)
If it was me, i would buy up as much as i can, while you can (while still in current job), perhaps with tennant in place, hold for 7 or…[Read more]
It will be your PPOR if you move into it, obviously you will need to change a few official documents to verify this ie electoral roll registration, banks, RTA, etc etc
As to how long u actually need to be “living” there for, i think there is no actual minimum mentioned in the tax…[Read more]
The same thing has been happening in Ashfield. 2 or 3 months back a person here mentioned a whole block of units for sale, they are STILL for sale, with a sigh saying “liquidation sale” or some sort of word to imply that the units want to get of-loaded cheap… i think they are 1 bedders with parking for $199k “ONO”… so it…[Read more]
It sounds like they are asking for a “holding Deposit”. but it may only need to be .25% of the purchase price. So if they are asking for $500 then im assuming the value of the purchase would be around the $200 k mark???
The agent is a !%*)# @%^*)… how did he/she sleep at night telling you to call back tomorrow after knowing u have been locked out???
As for the property being put up for sale, i sold a property, and the agent informed the tennant first, apparently its the norm (i was told), in case the…[Read more]
My parents helped me with my first purchase, i probably could have done it on my own, but the little money they added to my own deposit, as well as going
guarantor for the loan, alowed me easy entry into the property market. Now 5 years down the track, i have alot more to show with their initial help,…[Read more]
Im just curious as to the many inaccuraices i have mentioned? my comments were based on my own experiences, i also did my fair share of “navigating” trust me on that! im 24 and have 6 purchases and 1 sale under my belt thus far.
You are right about brokers however, i wish i knew about the services they offered when i was first starting…[Read more]
The strata co’ should get a building valuation done, im not sure how often but it may be every 2 years, then you just find out over the phone or in person what the insurance figure is and decide for yourself.
Be wary on contents insurance for older properties, i was about to go ahead with contents as part of an insurance package with…[Read more]
I hav been sorcing properties in the central west by firstly researching on the internet, using all the common real estate web sites. I try to find a sound property that pays for itself and leaves me some cash left over each week. (also good location, building type, land, outlook, capital Gains Potential etc)
I have purchased in Dubbo, and did inspect many houses in your price range mentioned… be wary however, as with most locations to buy real estate there are the desirable and undesirable locations… find an honest real estate agent, and find out about the people living there, i did another house inspection late last year, in…[Read more]
Earlier this year, i saw an IP, bid, haggled on the price but agreed on an ammount the seller would be happy with. shook hands, was told the contract was on its way to solicitor, and i was getting finance company ready to do inspection…
The agent told me this while i was driving home, ie 2 hrs into a 3 hr…[Read more]