Recent content by Harriet

I'm not worried about it any more. But I'm a researcher by profession. I like to know stuff! All good, and even better, our agent says the work wouldn't have made a big difference to the sale price.

Thanks all. Very enlightening. My research suggests you don't need a special licence for the work that was to be done in this case. BUT, here's an interesting thing. The quote includes a GST component. However, an ABN look up shows he is not registered for GST. This, I believe, is highly...

In any case, it seems to me that he has broken the terms of our agreement. He said that if I couldn't pay some money up front, he couldn't do the job on the agreed date. So......impasse.

Nope, the quote didn't state materials were to be bought up front. I don't know whether we had a 'contract'. He gave me a written quote, I accepted the quote, we agreed on a date to do the work. There were no finer details discussed beyond that. Does that constitute a contract? I'm not...

We have no contract. Just his written quote, outlining job and proposed cost. And my agreement to quote via text. It was only a $2000 job. Look, I don't think the guy would take legal action. I just don't want any trouble, as he lives in my suburb.

Hello, I had a tradie come and quote on a job to be done on an IP I am preparing for sale. He gave me a quote in writing. I accepted the quote via text - so my acceptance is also in writing. We agreed on a start date, but as that loomed, I could not raise him by text or phone. When...

Thanks. We are safe. It's advertised, for normal market rent. Cheers.

Hello, One of my IPs is vacant at present. This is not by choice; the market is quiet at that location at present. It's been vacant for about two months now. This will result in a significant loss on that property this financial year. I vaguely recall reading somewhere that you can only...

Hello, I have a Line of Credit that is attached to my PPOR. A few years ago, I purchased an IP, with 20% of the purchase price coming from that LOC (to avoid mortgage insurance). I have decided to move into the IP, and rent out the PPOR. It will still be classified as my PPOR. Whilst...

Hello, Is it possible for my husband and I to buy a property in our son's name. He has no job (uni student) and no deposit; but we have the deposit and ability to pay the mortgage. If there is a way to do this, could he further take advantage of the first home buyer's grant (if it's a new...

And what about insurance?

Hello, I am currently looking at a 2BR unit. It's strata-titled. There are three properties in the strata scheme: an original house and two units built behind it. While there is a strata scheme in place, there is no body corporate. I've been advised by the agent this is quite common for...

Thanks, Peter. Yes, that's what I thought. On the Ppor, is it only the original loan that would be tax deductible? What about money used from a line of credit attached to that property?

Hello, We have a suburban PPOR, and have just settled on an IP unit. Is there any reason why we can't move straight into the IP unit ourselves (and rent out the PPOR)? Would this affect our ability to define the unit as an 'investment' down the track? Cheers.

Sorry, my bad. Typing on the run. What I meant to say is that this - defer sale, renting out PPR - is the next option we are considering. PPR not yet sold.