Recent content by Fourducks

It has been some time since anyone posted anything on this thread but I am interested in recommendations for selling agents in the Frankston area as planning on listing my property sometime soon.

Hi Beijos23, Have you managed to find a suitable property in Melbourne?

Thanks for all the comments. Regulations have not changed since purchase. It is simply a case of the buying agent not doing their homework properly. And yes the brief was in writing.

Nothing to do with values having fallen. Quite simply the block which was bought at land value or thereabouts is worth $100 000 less because it can't be subdivided. That applies today and also applied when I purchased it. It simply was not worth the asking price because of this and a BA...

Yes, I was specifically told the property could be sub divided/developed - I would not have bought it if it could not be.

Basically the property cost less then $500000 and was supposed to be subdivisible but is not.

The property is probably worth $100,000 less than I paid as the BA did not do proper due diligence. Add in the buyer's agent fee, stamp duty, agents fee to sell the property plus negative gearing losses over a couple of years and this adds up to some serious $$$$$$$

I have but I am not willing to divulge details online at this stage. I would like to hear from others who may be in the same position as me.

I would like to hear from anyone who has had a bad experience with a property purchased through a Buyer's Agent. Have you taken legal action or had any luck with resolving the issues with the Buyer's Agent? Any advice would be very welcome. Please post your stories here or private...

Investing in the UK Has anyone bought an investment property in the UK and, if so, could you please advise how you obained finance to do so. I have made some enquiries and it sounds like it is difficult for Aussies to get a mortgage in the UK. I'm told a quirk of current international...

Hi, I own a house in Warnbro, WA, on a subdivisible block. I plan to retain the front house and build a second house at the rear. I have contacted various builders who specialise in this area. They would do everything for me and the way they normally go about it is to build the house...

Been trying unsuccessfully all day to get hold of my accountant. Will let you know when I finally get an answer from her.

I have applied for a no doc loan with Resimac (thru' Investors Direct) and the lenders have come back to me saying that I have to be registered for gst (because of the amount of exposure!!) Has anyone else come across this and can they explain why the lenders require this please. Also how...