Recent content by Eug

The alternative is for the Discretionary Trust to borrow the loan from a lender. Lenders tend to require an individual to be a Guarantor to the loan for them to accept the risk of lending to a trust. I recently went through this process myself and there was certainly a steep learning curve in...

Thanks Womble, I'll check out Dougmal Dapto.

Hi everyone, I was wondering if anyone can recommend a quality property manager who covers the suburb of Oak Flats 2529 (south of Wollongong)? I'm about to settle on a property there which will be rented out. Thanks in advance! Eug.

Thanks Y-Man, much appreciated

Hi all, I have a unit with a lock-up garage in strata block. The tenants reported via my property manager that someone had driven into the garage door causing it to dent and fall off the tracks so it cannot be opened easily. Having spoken to the strata manager, he advised the garage door...

Hi Wobbycarly, Thanks for your response. Just a clarification, what is "IME"? Regards, Eug

Hi all, If I purchased a property that contains 4 villas on a single title and rent each one out to different tenants, I assume it is sufficient to have one building & content insurance policy to cover the entire property, but will I need 4 separate landlord insurance policies to cover each...

Thought this was amusing so had to share :): http://www.realestate.com.au/property-house-nsw-blacktown-107114488

Hi all, I have heard that lenders looks for a history of employment stability as part of assessing a loan applicant. What are lenders' views towards loan applicants who choose to be full-time employed as a contractor rather than a permanent employee? Cheers, Eug.

Thanks Propertunity!

Hi all, A ground floor unit I inspected today has some cracks in the wall of the bedroom close to the ceiling. I would describe them as being "hairline" cracks. The building is about 4 years old and I believe it is of hollow brick construction. The agent mentioned it was due to building...

Thanks all for your responses. Really do appreciate them. At this stage, it sounds like taking a chunk of annual leave to get the reno done would be my preferred approach. That being said, I admire the tenacity and hard work from Propertunity and Daniel's approaches. I do agree with the...

Hi Alok, I know Stanhope Gardens is serviced by Hillsbus, particularly if you are travelling to the city or Parramatta. It may also be serviced by Busways but the bus stops are common to both companies. If you go to the Hillsbus website and check their timetables (eg. routes T63 or...

Hi all, I've always been intrigued by how other forumites have managed a successful renovation within time and budget particularly if they also have a full-time day job as well. I'm exploring the idea of renovating a 2 bedroom apartment to add value in the shortest possible amount of time...