Recent content by paguatao

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    Home prices compared to a year ago

    It has taken me more than 7 years to dip a toe back into the property market, I don't even think our first IP has any CG :o Bank will only lend us 300k (could prob get more with different lender). I'm quite happy to get into the unit market, noted that the rental demographic would definitely be...
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    When do you decide to improve IP

    Quick overall of what we've had to do in the last 8 years of holding the property, not just in the last 2 years. I think no.2 is the only relevant one for now ... but thanks for all the good advice :)
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    When do you decide to improve IP

    We've finally got some good tenants in for almost 2 years. They don't complain, we self-manage. Usual issues of maintenance over the last few years such as fixing things, fix aircond, replace gas HWS, bathroom exhaust etc, install soakwells. Replaced carpets recently as they were in a state...
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    Emotional/abrupt/dismissive/rude agent?

    Received a text message from the agent acknowledging that our earlier conversation was "difficult" and that he was "a bit shocked at the mention of a low 240k offer but as you know I must submit all written offers..." Are these agents' tactics or just personality?? I did react a bit initially...
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    Emotional/abrupt/dismissive/rude agent?

    http://somersoft.com/forums/showthread.php?t=109639 Started post elsewhere, posting here now as I might have further updates... :eek:
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    Home prices compared to a year ago

    Wow. Just wow. We missed a home open on Sunday so I organized for hubby to have a private viewing last night. REA calls me this morning and asks me what we thought. I said we were still looking at other properties, but maintained that any offer made would be under 250k. He then said he had...
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    Home prices compared to a year ago

    I guess when people say do due diligence, are there any other factors I should take into account, in terms of market value etc. Thanks for all replies so far :)
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    Home prices compared to a year ago

    You can't get a 3BR house in Lynwood for under 400k anymore. There's a block of land across the road just about to release new 3BR builds. The area is slowly coming up, with flow-on effects from neighbourhoods like Willetton and Parkwood. Pretty sure crime is still an issue, but maybe with more...
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    Home prices compared to a year ago

    I know that buying a house requires due diligence, and I wonder if I could use a real-life example of what we're looking at right now. We already have one IP and are thinking of buying a 2br unit. It's located in Lynwood which is about 18km from Perth CBD, is close to major shopping centres...
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    To buy and how to buy

    Ok, I wasn't really sure how to read "each applicant....": Each applicant and/or their spouse cannot have owned residential property anywhere in Australia before 1 July 2000. Each applicant and/or their spouse cannot have previously owned residential property anywhere in Australia on or after 1...
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    To buy and how to buy

    Thanks Jessica. I used one of the banks calculators and she would only qualify for about 145k (includes rent) so she would short about 100+k. If we take a loan and include her in it, would she still qualify for FHOG?
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    To buy and how to buy

    Thank you Brady!
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    To buy and how to buy

    yes it feels messy, and I'm only dipping a toenail in ..... So if I do buy only in my name, and wanted to transfer the property to her at a later stage, as a first home buyer she wouldn't have to pay stamp duty (property under 430k), correct? So that might be an option, when she is working...
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    To buy and how to buy

    Oops can this be moved to Property Finance (I think?)
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    To buy and how to buy

    We almost own our home outright, would value it around 750k. Looking down the track, hubby currently earns 100k, I'm a stay-at-home mum who plans to go back to study next year, then swap places with hubby but income wil probably reduce to about 50k+. We have an investment property where the...
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