Recent content by divine

My experience I have finally received the formal approval from the bank and awaiting settlement. So I'm comfortable to share my story now. I think every offers are different and largely depends on the seller and agent. I made three offers and had one accepted. 1) Agent quoted a price above...

Road is at the bottom of the diagram, plenty of front boundary not shown in the diagram. I know it sounds silly to do it twice but I don't yet know when I would be able to afford demolishing and rebuild. If I can raise and move, then there is the option to delay the demolish and rebuild by...

Thanks. I'll need to decide on the design before I know the cost. Only then, I can work on my finances and have the date and plan for the end product. At least to me, I have no idea how to work backwards from this. Moving the existing house sounds like the best solution, if that is possible...

Thanks for the reply. I want to make it bigger. 60m2 if possible. Is it allowable to extend the granny flat later after I rebuilt the main resident on a different spot? If there is a way to make it work with a division/fence in the middle, I think it will be better for both dwellings. If not...

Hi All, I would really appreciate any help or opinion on this. I have this 17m wide block in NSW with the main residence right in the middle. Ideally I'll like to knock down the main residence and build new + granny flat which will be really easy to design. However, financially, it is not...

When we refinanced, on paper, it was to purchase an IP and share. The real intention was to purchase the property as IP and build a granny flat as PPOR. Now the circumstances changes, and it seems like we won't be purchasing anything for another year. So the money will just be sitting there for...

I know, hence the reason I haven't been doing B&P for auctions after getting burnt a couple of times. Not a good idea, but I really can't spend 1k every week just for B&P as we do try for 2 or 3 houses everytime.

Thanks. On the other hand, is there something that stops seller from setting ridiculous reserve and decide whether to sell the property on the spot? Like for example setting a reserve that is 50% more then market price. I had this feeling on another auction as the agent was visibly...

If there is some regulations against that, that is probably the answer I am looking for. Sorry that I didn't explain myself very well. I did bid 2 or 3 times after it was on the market. My intention was more of wanting to know if there is anything against bidder colluding to lower the...

So this is how the story goes: I was in an auction last Saturday, with just 2 registered bidder including myself. Bidding war between the two of us went for 10 minutes and from what I gathered from the auctioneer/agent, it is no where near the reserve yet (my estimate - 100k under the...

You will need council approval regardless. One thing I noticed was that most approved duplex subdivision was done around year 2005/2006. Was there a different legislation back then? Anyway, are you looking at the one sold last week in parkes st? Looking at the sold price (before auction)...

Similar situation. Desktop valuation came back 65k lower then the estimate the broker suggested to us to submit (which I thought was too high anyway). Full valuation tomorrow, hopefully it will come back with a fairer value which is 30-50k higher then the desktop valuation. And I hope the...

Price have moved a lot since then. There are other properties in the area, similar but not as close as this one which I want to be compared with. I'll rather wait for a couple more weeks and be safe about it. Though it does disrupt the plan to buy by winter/spring.

Yea, that's what I had been doing, day 36 now, if my guess is correct, nothing on pricefinder yet :( Thanks again

Sounds like I should wait for it to settle then. Thanks. Any tips on getting alerts when the settlement is completed?