Recent content by keroppi_gims

  1. keroppi_gims

    Vendor not providing vacant possession at settlement

    The seller has finally agreed to an extension of settlement a day before settlement was originally meant to take place. Thank you all for your suggestions. It was very helpful to hear your advice.
  2. keroppi_gims

    Vendor not providing vacant possession at settlement

    Thanks for clarifying Terry. What would happen if I have asked the seller to extend the settlement date and I am ready and willing to settle this Thursday if there is vacant possession but no vacant possession is provided and the seller refuses to extend the settlement date? Under this...
  3. keroppi_gims

    Vendor not providing vacant possession at settlement

    The latest is that the vendor issued a letter via their solicitor yesterday saying that they are would like to pay us below market rent for the month after settlement and we responded saying that we do not accept this position and that we would like to change the settlement date. Settlement...
  4. keroppi_gims

    Vendor not providing vacant possession at settlement

    The solicitor told me on Thursday that he wanted to wait until the weekend to see if the vendor will send us correspondence stating their intentions first. As we have not received anything, he said that he will call the vendor's solicitor on Monday morning. The solicitor has not provided any...
  5. keroppi_gims

    Vendor not providing vacant possession at settlement

    I purchased a house in Brisbane in March and I am due to settle on it next Thursday. I signed a standard REIQ Contract for Houses and Residential Land (10th edition). The vendor currently lives in the house and sub-lets three rooms. I notified the real estate agent two times over the past three...
  6. keroppi_gims

    Developing apartments - Company structure

    Can someone advise me what are the advantages of a corporate trustee (e.g. X Pty Ltd ATF Y Discretionary Trust) over a company in terms of tax, if any? I presume that a corporate trustee will be treated as a trust. However, a corporate trustee may distribute income to the company that is the...
  7. keroppi_gims

    Developing apartments - Company structure

    Hi, I want to ask the experts here what structure is recommended for someone who is developing a small apartment complex for sale. I am looking to build an apartment complex of 7-8 and sell 5 of the apartments. I want to know what structure I should purchase the land in so that I minimise the...
  8. keroppi_gims

    Building Structural Integrity - Urgent

    Thank you to everyone who replied. Turns out that the patching problem is minor and caused by lack of moisture. Keep up the good discussions in the forum.
  9. keroppi_gims

    Building Structural Integrity - Urgent

    I believe that the house is supported by slab since it is a brick house and I can't see underneath the brick. I had a close look outside the house and saw some minor diagonal cracking along some parts of the brick, but nothing severe. There is also a 1m high stack of bricks lying next to the...
  10. keroppi_gims

    Building Structural Integrity - Urgent

    Thanks for the replies. Please keep them coming. It is an old house. Probably 30+ years old. I am still undecided as to what to do next.
  11. keroppi_gims

    Building Structural Integrity - Urgent

    I purchased a property three months ago and moved in about 3 weeks ago. I didn't use a building inspector. Today, I noticed that there are quite a few sections of the walls of the building has been filled in using plaster or polyfilla or a similar product. This is mainly near the windows and...
  12. keroppi_gims

    Preston, Reservoir, VIC

    These suburbs seem unnoticed at the moment. They are inner city (10-11km from CBD). They have great infrastructure, transport, shops, parks, local schools. Moving towards gentrification. Other 10-11km suburbs in the east and south east are all close to $1m. Any comments?
  13. keroppi_gims

    Home loan: ANZ vs Bank West

    According to their website, the ANZ Money Saver Home Loan has an interest rate of 8.87%. Where are you getting the 8.67% from?
  14. keroppi_gims

    Inspecting a property

    Thanks Buzz. Any comments on: What do you think of conducting an inspection AFTER you have purchased the property? This way you can fix any flaws following the purchase.
  15. keroppi_gims

    Inspecting a property

    PLEASE HELP ME! After reading this a few times, I am still undecided about whether to have a building and a pest inspection. I know a building and pest inspection is fine for a private sale but I feel that since I am attending a lot of auctions, I may waste thousands of dollars conducting...
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