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  1. W

    Purchasing in VIC - Frankston Area #2

    Thanks for your replies. Staying away from this one. Although the property is well under market value, I myself like a little bit of return to help with the repayments. The couple are in their 70's by the way.
  2. W

    Purchasing in VIC - Frankston Area

    Hope someone can help. A house I'm looking at has a 'protected tenant' that requires them to pay 1.00 per year rent and it is a life long lease? Can someone explain what this is?
  3. W

    Do you pay GST on the sale of a IP?

    Thanks heaps for your input.
  4. W

    Do you pay GST on the sale of a IP?

    no it was an existing 25-30yr old house.
  5. W

    Do you pay GST on the sale of a IP?

    Hey there! Im selling an IP for the first time and just wanted to know what you have to pay in regards to GST and capital gains tax. Say i sold the property for 260k. Is it: 260k - 10%Gst (26k) = 234k 234k - 6.5k (2.5% agents fees on total sell price) = 227.5k 227.5k - 190k (loan) =...
  6. W

    what dishwasher not to buy

    I would stay away from Blanco just from my own experiance. Had it repaired in warranty 3 times. Just after it ended it stuffed up again and will cost aroun $600 to repair. So time to buy a new one and was thinking about the westinghouse or asko just from friends reccomendations. Just a...
  7. W

    Purchasing in VIC - Frankston Area

    Harris, Did you end up speaking to Andrew Milne about the growth of Frankston from September onwards last year till now? Just curious thats all. Cheers
  8. W

    Purchasing in VIC - Frankston Area

    Just come from 2 Auctions...1 in pratt ave frankston south....2nd in violet st frankston south. Pratt sold for 356k & violet sold for 730k. The thing that amazed me, was that it was a young asian couple (mid-late 20's) who bought both of them. Not a bad amount to go shopping with.
  9. W

    Purchasing in VIC - Frankston Area

    Actually sold my house this week....it was only signed up for about 2 days and sold for full asking price (near Rosedale Gve). So very happy. But yes..some agents do up the value in order to get the listing. I know sycamore really well...my parents live on Lawson Av.
  10. W

    Purchasing in VIC - Frankston Area

    I thought myself it was around the 15% just going on my house valuations...and when i mentioned it to Andrew...thats when he said the 19%. Mine was valued around the 410 last september and now is around the 480/490. Im only new to all this anyway...so just still learning.
  11. W

    Purchasing in VIC - Frankston Area

    Sorry Harris...no info on values etc here......just going off what a couple of agents (andrew milne) have told me thats all. Spose i should have said that in my 1st post.
  12. W

    Purchasing in VIC - Frankston Area

    Pretty sure Frankston has gone up around 19% since October/November last year! Quick gains. Funkytown is looking great...hence why i just bought a property, beach side of Kars St, last week. Bit of work needs to be done...but good spot.
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