Recent content by MelbGal

1.3% great, but I agree to spread your lending across lenders.

Fair enough, I have only spoken to one bank and with more lending the discount increases. If I pitch to another bank I might be able to get more but this is a good start. It sounds like some commentators are getting good deals with less lending however. LVR 80% or lower Lending >$2m...

"Too Busy"... I couldn't believe that comment either. I think there is your answer in terms of whether you need a new manager.

Is anyone getting better than 1.2% discount i.e. 4.68% standard variable rate, no LMI, or is that the best I can expect?

As a suggestion, you could also put in place a payment plan to recover monies. We did this with our former tenants who had to break-lease when they could no longer afford the rent. We were able to recover the full amount owing fairly quickly and we did not have to go to court or use our insurance.

Pretty poor of your PropMgr not to get onto this right away when the arrears started showing. I think you should escalate this to the head of the pm department and ask for a new manager or if you are that upset walk away to a new agency.

4.7% is a good rate if they will offer that to you staying with the same provider and without any new lending. I am in negotiations with my lender now and they best they can give me is 4.83% with my existing loans. They will offer me 4.68% if I bring across my other lending and mine total...

OP, you said that the property was rented for several months after you purchased it. If this si the case then some of the cost of repairs may still be deductible. If you no longer rent the property, the cost of repairs may still be deductible provided: - the need for the repairs is related to...

I only did a QS report on my PPOR when I was about to rent it out as an IP.. I kept copies of all expenditure whilst it was a PPOR and supplied relevant details to the surveyor when they were preparing the report.

Very funny.

In all honesty the results of $1.9m or $1.39m are pretty good for apartments. With all the hype I had thought that these would go for a lot more given they included all the furniture but now looking back these results aren't too bad. Considering the building still looks like an office block...

I'm curious, how would a tenant go about proving what furniture that they left in the property? I mean wouldn't it be your word against theirs. In the end could a landlord just discard anything left behind without waiting the 90 days. OP, sorry to hear about your dramas. The tenants sound...

We have used BMT a few times and they came out to the property pretty quick I think we paid around $600-700 and that included a printed hard copy report, these days they email soft copy for a small discount.

Hi Terry, yes it is held as Tenants in Common. I thought that the trust word might come up. It is an area I am not familiar with. Is there a threshold when this would be a viable option?

Some good advice already posted here. I agree with trying to go down the course of not demolishing but getting approval for the revised size. I would also double-check the measurements myself. Sounds like a lot of bureaucracy for such a small difference. Have you been into the council...