I'd steer away from letting the become tenants. As has been said, they will know every little issue throughout the place and if it's not brought up on the pre-tenancy report then you'll get stung for the repairs. Too much possibility for it to become a headache for you. Go for vacant possession.
Asbestos is a great insulator and is ok as long as it is not disturbed, but can cause cancer if inhaled at all. It's prevalent in most pre-1980's houses unless it's been removed - I know that in Canberra in the 1990s the government undertook a program of asbestos removal from a lot of houses...
I'd be pretty surprised if we see any change in the official rate before Christmas. The economy is still adjusting to the change in government, and with the new Senate makeup coming into effect today, the Reserve will want to see how that plays out before changing things too drastically IMHO
Hi Greg Reid & PT Bear, ATO determination TD 2012/1 does not come into play with the Canterbury system because they do not claim a tax deduction for capitalized interest ("interest on top of interest") This was all explained to us on our second Canterbury meeting. In any case please refer to...
Yep if they pulled out under the finance clause they are entitled to their deposit back in full. Your friend should just relist the property and start again. It's a bugger that they're going to miss out on the property they want to purchase but maybe some negotiations with the vendor there may...
beckstakat, I'm a long term Canterbury client. Perhaps the way the figures work will make more sense if you watch the Canterbury animation: www.youtube.com/canterburyanimation
I can see you are thinking about it the wrong way.