I would have a guess that a lot of the ex-Henry Kaye stock was probably never worth what it was sold for – so to buy it ‘cheap’ is probably not so cheap

If you bought it today, then by definition, that is the market value – fair value and therefore not cheap.

I have been through interest rates of up to 19.33%, actually the statement is hanging…[Read more]

Sparticus10,

I am assuming it is not rented. Are you planning to give the management of the property to the agent selling you the property or your PPOR (not sure what the circumstances are here)?

Your approach would not be just for a rental appraisal. In addition, you can find out about their property management service offerings.

Outside of…[Read more]

the good news is that a number of lenders will ignore the credit limit if you provide 3 or more months of statements demonstrating the card is paid in full each month.

Brahms, which lenders do this?

Dale Gatherum Goss’s Trust Magic is a great source of information on trusts. Will answer many of your questions. Easy to read and costs around $80

He is based in melbourne – http://www.gatherumgoss.com

The existence of credit cards always detracts from serviceability.

The limit on your credit card is assumed to be maxed out (even if it isn’t) and the 3% (I think that is the minimum payment for most c/c) is then factored into your expenses.

Salla,

I am in the process of having an apartment being built and chose to replace the carpet (being the builder’s choice for the 5 apartments) for the living & kitchen areas, with a floating timber floor. Agonised over that decision for a while. Tassie Oak.

Ultimately thought the finish would suite the potential tenants, differentiate between…[Read more]

Showbags,

Not sure which state you are in, however for Vic, just had a quick look at the legislation and from my search I believe transfer of property between spouses is exempt from duty.

S43 (3) of the Duties Act 2000 actually states exemption of duty when transferring between spouses.

Plan back…[Read more]

There are no concessions for mortgage stamp duty under the new regulations in NSW. They relate to FHOG and stamp duty on property transfer concessions only.

Mortgage stamp duty is still applied, refer to site details below.

http://www.osr.nsw.gov.au/portal/page?_pageid=33,63566&_dad=portal&_schema=OSRPTLT

pasandbec,

Under the First Home PLus Scheme in NSW, where at least one of the purchasers are eligible, there is stamp duty relief up to a purchase price of $600k.

Mortgage stamp duty is out of scope of these concessions.

http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/firsthmplus.pdf

Yaaaawwwwnnnnnn…… don’t tell me we are debating this again..

Given the thread title is Derivex, then why did you view/comment on it if this is such a bore?

Got me![laughing]

Oh Woody, you kill me!!! You is just too funny for words sweetie

……..Me no understand!…..

The first ‘batch’ of loans were due to settle this week

Was thinking the same thing actually. They were supposed to be today (27/2) actually…

They had a reputation of poor quality and thinh walls and this hindered resale values

Have rented in three central equity buidlings…Oldest building (built 1993) did have very thin walls…

However the last two which are 3 & 5 years old respectively I had no issues with noise….

Our Challenge,

Do you have friends/family/work colleagues who can recommend you a MB that they have used?

Sounds like a hotel room….Move on…trust your instincts….next

Two simple approaches that I will/have employed over the last year

1. Land (plus dwelling) that you are able to subdivide (will – within next 6mths)
2. Bought off builder on small development first property which he needed to sell beofre developing. (Effectively bought 10% under sworn valuation) (have)

You have to be able to create the value or…[Read more]

PS,
Ok, not Steve, but there is much love in this forum. Put the keys in the bowl and let the ride begin………

Anyway, search button is a good start….

Another idea is into perhaps having somewhere that personal trainers can bring there clients to train and rent out the premises for a fee.

Most gyms don’t do this, because they have their own personal trainers working there and they want to put personal training through their business.

Depending on the location of the gym, the demographics vary…[Read more]

I may have my wires crossed, but I think I remember one of the Brighton boxes selling for $120-130k a few years ago….Does anyone recall?