see my comments in https://www.propertyinvesting.com/forums/property-investing/help-needed/4335673Essentially paraphrase to suit your location."My advise would be to proceed with caution. Find out if there are any body corp fees.How close was Redbank to the flooding that occurred recently.Was the area damaged by cyclone weather recently in the…[Read more]

You can have that the house pass the building inspection report. This may be semantics but the devil is in the details. One thing to be aware of is that Real estate agents want the sale to go through with the minimum fuss. Even though they are meant to represent you as the seller you may find that your gut feeling will contradict this. You as the…[Read more]

One thing that I would like to raise is:If you go for the IP will you be able to afford the additional repayments if interest rates go upto 10% Also will you be able to afford the rates if you are on a single income. I am asking these questions as my friend and his wife borrowed an extra 100k to go into a development proposal. This has a great…[Read more]

You may need to get your conveyancer to write a letter stating that you are prepared to extend another 4 weeks to them on the proviso that they release the deposit to you so you can make use of it to find accomodation. I believe that if they default that you either keep 2% of total sale price or the full deposit.Have a look on your section 32 or…[Read more]

Hi Big Teddy,what were you wanting to find out. Was it anything in particular. Also which shire were you needing access too. Casey, Kingston, Frankston?Feel free to contact me. My contact number can be found on the below Link. or I believe that you can contact me via my profile.Kind regards

Some friends of mine have put their house up for sale, and I am helping them with it. They are looking to sell it to Developers or anyone else. I would be interested if you can send this to me.They have also used a Quantity Surveyor as well in relation to the subdivision of the property.  It is 1061m sq flat and rectangular. It might be worth…[Read more]

Is there an existing house on your piece of real estate. One thing to be careful of is the unknown. If you do have a an existing house there then you will need to make sure that demolition costs are included. Also with builders that you use it is imperative that you check the previous referrals from 1yr ago, 3 years ago and 5 years ago. Find out…[Read more]

Yes and definitely read the fine print that will cover your property before you have the need to. This is because the devil is in the detail. It is what you are not covered for that will more than likely bite you in the rear.Important point is that if your tenant does not look after the property then you have to be prepared for major repairs. It…[Read more]

If the house is on stumps check underneath the house for a dead horse…… but seriously I am grossed out about this as well. Work out what the problem is. Get the agent to double check the references supplied by the tenant.

I have a quick question that I am hoping people can answer. Is a quarter acre rectangular block, in Hampton Park, reasonably priced if the buyers are looking for offers over 425K?

Hi BelleStar,the other thing to do is to surround yourself with people in the know for example you want to have accountants bankers and lawyers who are also in property investments with portfolios of their own. The reason for this is b/c you will then know that they know the best way to go forward and also how to minimize your outlay and increase…[Read more]

Hi Jacqui,I am helping a friend sell their property in Hampton park through my site. They have gotten a QS done on the property and used someone not connected to any real-estate agent or solicitor where there may be a $$ remuneration for them to do so. I would recommend that you organize an independent  QS to do your work for you. That way you…[Read more]

Isn’t a referendum needed for the gst to be increased?

Ok I have just entered the re industry. Have a young family and a mortgage.

Pay wise you may be offered an advance on commision with the estate agents refer to as a retainer.

You may get offered 500/week + commission. Which is brocken down into to parts. Listing and also selling.

You may get 10 to 25% for listing a property and maybe 10 to 15%…[Read more]

You need to ask your accountant how to minimise stamp duty. Of that there is a way. Some one explained it to me and it has to do with trusts

“Tongue in cheek” yes I will see your bet of one 4.5 mil property in toorak and raise you a 1.5 mil property in albert park.

Ok I am an estate agents rep. I would recommend that you get a bank to value the house as they as stated by another member of the forum use their own evaluers who are more conservative.

That way you have a written valuation.

Now if anyone is lookinf for investment properties then I know of a few that are available in a gated community. Indoor…[Read more]

One thing that you could do is possibly play hard ball as well with the banks informing them that you ere assured by their staff that approval would not be a problem. Subject to them telling you this you went ahead and you now stand to lose $20k. Inform them that unless they approve your loan you will be takeing legal action for loss and damages.…[Read more]

The other thing on the news is that in victoria that $100 million of land is tied up in victoria alone in forieng investors.
Outrageous.

But let’s have a look at this. They were stating that properties at about 4.5 million and up to about 10 million were being bought.
Do the math. You are looking at about 25 investors from over seas. For what it…[Read more]