Recent content by sydprop

I don't think the first paragraph is reasonable at all - and I rent! It also makes no sense as any possible saving of getting 3 quotes is worth the inconvenience to the Tenant (and compensation) and even the landlord.

The point was (and I may have erroneously assumed $200 per week) - that the compensation adds up very quickly.

Well, then you should just buy a new oven?

Personally I would replace it at this point - good money after bad. You could probably justify this to yourself by balancing the following: + Writeoff value of current unit (not much probably) + Avoid repair cost + Depreciation - Capital cost of new unit

Terry hit the spot but .... If you don't buy a cheap car - My modelling and experience suggests that a 1 year novated lease then alternative finance is close to the optimum. Key factors to play with are interest rate and hidden finance fees. When I worked for a bank - rates were close to...

Depends on the swap rates at the time - what you believe is not that relevant! If you are handy at excel, you can model all sorts of scenarios to see how they turn out and how it sits with your situation.

I agree with MyPropertyPro - and I do think they can be priced at a premium considering there is a restricted market. One positive point to note is that they do guarantee that rent won't go down - this would have been attractive in the Canberra market of late. But this is only short term...

I'm leaning to similar thinking. Of course, many don't think you should fix but I'm yet to see an argument against it if rates increase - thus no break fee.

Not my experience. You can't take out new loans with the staff benefits but normally they would be grandfathered when you leave. It wouldn't make sense for CBA to just drop that business. The only real "benefit" is the package waiver and LMI waiver (and it is only to 90% - at the time of...

1 Mill doesn't buy much in Sydney so you'd hope so ;p

Thanks Corey - Many considerations with a decision like this. Doesn't make it incorrect though ;)

Currently looking to fix - and yes - I realise there are some contentious views on this. Best headline rate I can find is 4.37 from uBank w/annual fee. Does anyone know of any better deals out there?

I'll add that when they all on the lease - they have a direct financial interest in the bond you hold. It is formal and all tenants are clear on their responsibilities (as outlined in the lease).

I would want them added to the lease. Then you always know who is in the house and they all have skin in the game.

I just attended my first - and bought my PPOR. It was very well attended (only property being auctioned) with 5+ active bidders / 25 People there. I think it worked very well for the seller and was a very comfortable way to do it. They had a projector with photos scrolling and showed the bid...