Recent content by chylld

I've heard a lot of good things about buyers agents recently. Do they just handle the whole offer process for you? What do they do that you can't do yourself?

I'm contemplating refocusing my efforts to under $1m now, $900k investment sounds good to me haha I watched an auction this morning for a 4/2/2 house in Chatswood. Price guide 1.75, first bid 1.7, sold for 2.7. What. edit: more like 4/2/0 - it had no garage and you could only fit 1 car on the...

They don't mean jack all then do they :) But yes I agree that a few problems on the report is going to do jack all in helping you bring the property price down as there will always be another buyer who either has not done a report, or doesn't care about / underestimates the costs of those...

I also read that if the building inspection uncovers serious faults, and you forward these on to the agent, then the agent is obliged to disclose these faults to all interested buyers. Is that true?

I've relied on strata reports for apartments too... seems to reveal an awful amount but probably doesn't make the B&P totally redundant. Good catch on the upcoming levy, I had one recently too that was clearly marked in the upcoming maintenance costs schedule but when I quizzed them on it, they...

and this is why I cancelled my Macan preorder...

A property came up yesterday which I really like. Agent had clued me onto it beforehand so the listing confirmed it was what I wanted and within minutes I had a B&P inspection booked. Contract in hand as well and ready to make an offer as soon as the report comes back. Someone will probably...

Thanks Jess, I was aware of that although one of my friends wasn't and got stung come unconditional approval time! Broker got back to me with the answer I needed, so back to househunting we go! Thanks everyone.

Thanks Brady, yes ROI incorporates all costs as well as changes in cashflow as a result of deposit monies no longer sitting in my ppor offset. Have been asking my current broker since last November but must be asking the wrong questions as I have not gotten anywhere, hence my posting here.

Ready to buy my next IP (future PPOR), have crunched all the numbers and I am comfortable with a purchase price of $x (and all associated costs e.g. stamp duty, mortgage duty, conveyancing etc etc) 20% deposit is ready to go, but getting a bank to give me an 80% loan is obviously also a...

I did this for my first property (60% mine 40% my wife). It is executed on the contract as Rolf said, however I personally wouldn't do it again. When that property became an IP the LOC used for capitalisation was also logically split 60/40 for deductability which causes a mess for any...

Trying to figure out the best way to move forward. Have seen some places that I'd like to move to, and want to know how to act when a "bargain" comes along. Current PPOR is 50% loan, 30% unused LOC, 20% equity. Loan is almost fully offset. If I pay the deposit (for new PPOR) with the LOC...

Are you certain that's a requirement? It's trivial to find properties with bedrooms that do not have windows, e.g. bed 1 & 3 here:

That's what I thought about strata... they only have the boundary, floor area, units of entitlement etc. No internal details. So erecting a wall requires council approval, but what about just adding a double sliding door? This is the floorplan of the study...

Searches for threads on this idea show relatively complicated situations e.g. adding walls, not having natural light, moving washing machines etc. I've found a potential IP that has a 2.5 x 3m study that can be converted into a bedroom by simply adding a door. It already has a window with...