Recent content by calvin

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    Buying property with tenants and no condition report

    Hi Priscilla, thanks very much for the reply. Is it possible to annul a previous fixed term RTA, draw up a new one and have a ingoing report done as you suggest? I've been led to believe by CTTT I can't make any changes to the previous agreement whatsoever and must inherit it as it comes...
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    cheap aircon - $499

    Maybe not - you're looking at around $1000 for the air-con and installation. I'd probably only consider it if the heat becomes absolutely unbearable during summer and if you benefit from the dehumidifying the air. Sorry, I just re-read and saw "granny flat build". If you're adding it while...
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    cheap aircon - $499

    You need a qualified installer to this for you. The installation can easily exceed the cost of this air-con but for a single storey back to back installation, it wouldn't be much more than $600. I believe you need certifications/qualifications to handle the gasses, perform the necessary...
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    NSW land tax / rental property question

    Hi Serrz, I don't know enough about Land Tax to comment and would be interested in the response as well. What I do know is Land Tax is the value of the land itself and not the house or contents. There is a threshold and you may come under this (and avoid paying Land Tax) if your land is not...
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    Buying property with tenants and no condition report

    Hi all, It's come to my realisation that the property I am looking at buying (which has as lengthily fixed tenancy agreement in place) may not have had a tenancy condition report prepared. After speaking with the Department of Fair Trading, I've been advised that if there were any dispute...
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    Buying first property in Strathfield, NSW, 2135

    devank & jrc77, thank you both for your replies. Devank, the +vs you've listed are very convincing, I'm living in the area and I didn't even think of a quarter of them. jrc77, Bakehouse Quarter is an excellent attraction within North Strathfield.. what they've done with the area (although I'm...
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    Buying first property in Strathfield, NSW, 2135

    That's correct - highest possible LVR and offset account. I will see if I can get interest only for a few years, but not sure if they will oblige as this will initially be a owner-occupied loan and not an investment home-loan. Any thoughts you have on the North Strathfield area? How long have...
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    Buying first property in Strathfield, NSW, 2135

    Hi everyone, Firstly, I have to say what a great resource Somersoft is and what a helpful community there is here. My background: I am looking at purchasing my first property (a unit) in Strathfield, NSW, 2135. This will serve as my PPOR initially but my longer term plan (> 2 years) is to...
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