Recent content by Marjac

+1 Depends on what your after, maximum return and / or regular guaranteed income. Most DHA leases can be for up to 15 years (or remaining term) Also don't forget that these DHA properties are leased to Military Personal and they are obliged to look after and maintain the properties & yards...

Seen an OTP in Melbourne recently - puchased May 2011 ~ $435k valuation come in this month (completed property) at approx $345k !! A nice little loss of $90k or ~20% :eek: May not be exact figures I'd have to get the file out ;)

Just as if there is a Mortgage on the property a withdrawal/release of Caveat will/should be provided at settlement. It is the vendors responsibility to provide clear Title. However as Terry above has mentioned the Caveat may not be just to secure a debt and could be for a Family Law matter...

1st I'd get a title search of the Ballarat property to establish if Title has actually been transfered into the purchases name and/or is currently in a Titles Office 'Dealing' presently processing the transfer etc. If the Title has already been transfered then request an issue search from the...

I lived in Mordialloc for about 12 years and this sounds like a good deal at $380k, although now 12 years ago ;) However be aware that being a 'related party' purchase, below apparent market value, from your Parents, the State Revenue Office will (should) look very closely at this...

Thanks A little bit more West - Moonee Ponds Did sound a little expensive too me at first, as I haven't done this level of reno/extension before and considering what you can build a new house but we are getting the most expensive bit done (Kitchen & a bathroom)

FYI: In my line of work (Bank Mortgage Documentation etc) I used to come across these old pigskin (and also Parchment) titles all the time. The Transfers & Mortgages were noted on the reverse side so you could also 'trace' the ownership (& mortgages) back to when the title was created...

As a matter of interest we're planning to do something simular to our PPOR (therefore zero CGT :) ) In inner North West Melbourne also to a period Victorian (double fronted) although freestanding. Keeping front/main 5 rooms (2 bed, main bath,study & dining) and knocking down the rear (about 9m...

It may depend on the council, however in Vic I believe that you may also require the consent of all the other land owners that the covenant also applies to. In your case it appears to be only 6 others so may not be such a problem. I know in Ormond (different Council) a large number of...

Agree with comments above, 2 bed and maybe on older apartment that needs a little work. Although not really what your looking for, however just be carefull around Carlton & Nth Melbourne as there are quite a number of 'Student accomodation' appartments which are mostly Studio or 1 bedders but...

Unusual in that its usually the Bank/lender that completes the Sec 27 in regards to amount outstanding, intetest rate and if in arrears etc

You may wish to check that with SRO, quote from Vic SRO:- "Failing to disclose that they, or their domestic partner/spouse, received a prior grant or had a prior relevant interest in residential property"

It appears that the land has not yet been subdivided, therefore there is not yet an individual title to your purchased property Have a close look at your Contract of Sale (not the Sec 32 - Vendors Satement) In the Contract there will probably/should be a clause that states when settlement...

As TerryW has said entirley depends of the purpose/use of funds The only simple way to do this, depending on your finances etc, is to redraw the $150k or part thereof to purchase a second IP which would probably result in also needing to borrow more for your PPOR

+1 as well as demolition & site clearing etc also include Architects fees & building approval costs etc A lot of the Insurance websites have calculators for approx re-building costs Even have a look at some of the bigger Builders sites (Metricon, Rawson, Porter Davis, AV Jennings etc)...