Hey thanks guys for your comments… that was pretty much my thoughts, and think they’re just taking the mick, but thought I’d post on here to get your opinions as maybe it was a dud area or something…

Cheers Jamie

sorry uses not used.

I heard on the Margaret Lomas show Your money your Call that she used BMT tax depreciation, and if you call them they give you advise for free, and then same thing let you know whether or not its worth while going through with it, and if it is, then you can pay them….

Thanks for that Scott, I won’t go with the buyers agent on the CMA then as they’re charging $1100 which seems a bit much for what you’re saying she’d be providing… the valuation with HTW is going to cost $440 which seems reasonable….

Richard, I’m having a hard time, I actually am not using a mortgage broker, but dealing directly with my bank…[Read more]

Definitely post for me please Richard, or you can email me at [email protected]

Thanks

Sorry I think I’ve just figured it out, they’re a lawyer that assists in property transfer?

Do you need both a Lawyer and a Conveyancer when purchasing?

Thanks, and also I’m looking for any recommendations too in QLD (but Pelican Waters)

Rod, sorry for hijacking your thread.

Hi Rod,

I was just about to put a post up to ask what a conveyancer is would you be able to explain it to me?

Thanks,
Tiff

Hi Guys,

Thanks for the replies, OK now I’m a bit confused, I’ll post what the buyers agent had said to me:

We also provide – if you require – a current, detailed Comparable Market Analysis that involves attending, inspecting and photographing the entire property, a full investigation into the property including Council, Main Roads, Energex etc…[Read more]

Hi Guys,

Thanks for the replies, OK now I’m a bit confused, I’ll post what the buyers agent had said to me:

We also provide – if you require – a current, detailed Comparable Market Analysis that involves attending, inspecting and photographing the entire property, a full investigation into the property including Council, Main Roads, Energex etc…[Read more]

Hey Mario,

I feel the same way as you!!! All you hear is about how you have to do your research but where do you find all the info

Great post JacM

Hi

Thank you so much for your replies. This is my first purchase so I’m just trying to get all the information together before I jump in head first.

The costs I have so far are:

The deposit
The Mortgage
A buyers agent (who will be going to auction for me)
Property Valuation/Comparable Market Analysis
Building Inspector

Conveyancing (legal),…[Read more]

One more question regarding this, is the cost of a buyers agent tax deductible even if you don’t get the property? Actually also is it tax deductible if you do get the property?

Thanks,
Tiffany

Thanks for all the advice, I’ve contacted both the agent and a buyers agent now and will let you know how I get on

Thanks Paul,

you mean just the agent who is selling the property? Is there an extra charge for this do you know?

Thanks,
Tiff

Hi Richard (or anyone else who could answer)

Capital Allowance on the Construction price- is this only for new properties?

Hi Leo,

OK I see what you’re saying about renting out the rooms etc, but I would advise that you also do some calculations based on the lowest possible rent you could get, so maybe search this suburb on http://www.realestate.com.au or http://www.domain.com.au and have a look at what similar properties are renting out for in the area. You need to make sure you…[Read more]

Oh Great cheers Can I just send you an email to [email protected]?

Leonardo,

Can I ask you firstly where you have found a property for around 500k that you will be able to rent out for 800 per week? Also where did you get the information from that you’ll be able to rent it out for 800 per week and what does that rely on? as in have you thought if you use it as a holiday home you’d rent it of that much? or if you…[Read more]

Hi Richard,

Yes, I think thats it, so if I buy a property for 499,999 to live in and keep it for 6 months then I am exempt from stamp duty is that correct?