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    Low-doc loans - how easy to get?

    I'm curious to know the situation with low-doc loans right now. I'm told I will be getting a loan 80% of valuation at 4.7% fixed for one year, low-doc. We are just waiting on a credit check and a valuation before formal approval and docs issued. I have read here that these loans are not easy to...
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    Have dropped rent by $35... ouch!

    There is a thread here talking about the softening of rents in some areas. I have just dropped the rent by $35 (in two stages over a few weeks) to get someone in a house in Balmoral/Morningside/Hawthorne area. Have had only one looker, who liked it but now the tenants are gone, we are asking $35...
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    Can somebody please explain how having two PPORs works?

    I've heard it said on this forum that someone can have two PPORs but not nominate which will be called the PPOR until time comes to sell one. This has always confused me, so I hope this is not a silly question... If our son decides to move out of his house after a year there, having satisfied...
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    How much can my son borrow?

    Our son is keen to know whether he can buy again. He currently has a bank loan $350K for a house value $600K. He has lived there for nearly twelve months, and his obligation regarding transfer duty is fulfilled. We had a bad time of getting the loan, and used family money to settle. Then...
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    How to spread a sale over two financial years?

    I was speaking with someone who knows we have a double block, who told me that a vendor they knew wanted to sell a similar double block to a developer. In an endeavour to spread the sale over two financial years, they asked for one block to be sold end of June, and the other block at the start...
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    Finance 3.99 percent

    I received a text last night from the husband of a friend. He is a mortgage broker and was offering loans at 3.99 percent. 95 percent loan, new loans and refinance, no application or ongoing fees. No lender mentioned. I can call him to find out but thought others may know who is offering...
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    Real life example of reconfigured block and how it changes UCV?

    I would love to hear real figures for what happens to UCV when a block is split and a new block created. Eg. our double blocks in Coorparoo have UCVs of $540K and $560K. Both blocks 900sqm. If we reconfigure two into three and end up with two 400sqm blocks and a 1000sqm block in the...
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    Sliding gate recommendations Brisbane?

    We have a sliding gate which is playing up. Callout of about $160 and $40 per 15 minute block means we are likely to be spending minimum $200 and possibly considerably more depending on what is wrong. Can anybody recommend a sliding gate company in Brisbane. I think rather than spend any...
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    Steep increase in Brisbane land valuations

    Our valuations came in today. Everything has risen around 10%. The values placed on the IPs and our own blocks would be probably higher than if we were selling a vacant block. This is Coorparoo. I think I will lodge an appeal this year. Over the years, we have had some small success with...
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    How much duty on share transfer in Queensland?

    I have googled to find out how much transfer duty is payable to OSR on transfer of shares from one party to another. It keeps sending me to the OSR site, but I cannot see where I should be looking for shares, only property. Is the duty the same as for property? Property is split into PPOR and...
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    Friends wanting to make some money from renovating - any thoughts?

    I have a friend whose husband is keen on selling their house (Mansfield). It is in the catchment for a good school, so a sought after area and it will sell well. I think they should hold it unless they really "need" to sell though as prices are rising. With a $150K mortgage, I think they could...
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    Substitution of security trigger a new application?

    The two properties we want to reconfigure into three to build in the middle are all x-coll with our PPOR. This has never been an issue for us but since joining the forum I understand this is the time to remedy this. Our plan was to revalue all three properties, which should allow the bank to...
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    How much can my friend borrow?

    I'm doing homework for a friend, overwhelmed by the crap happening in her life but keen to buy a home. She has no deposit due to bringing up two kids and an ex-husband who let her pay for everything, so no savings. She thinks she cannot borrow until she saves a deposit, but I'm keen to give her...
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    How long before owner can move out without losing CGT free status?

    I know I can likely find this via search, but I am hoping for a quick answer to give some advice to someone this morning. A person buying a house in Brisbane, not a first home owner, buying as an owner occupier will pay duty as per OSR site. This would be a home for her to live in and retire...
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    Office of State Revenue checking up on our PPOR status - anyone else?

    Yesterday we received (hubby and I both sent individual letters) a letter from OSR (Qld Treasury and Trade) stating we are currently receiving a home exception on our PPOR and asking us to tick boxes if there has been a change. I don't recall ever getting one of these before and wonder if...
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    Maximise landlord insurance payout - how?

    I have a friend who has a pretty hopeless agent (so it seems). Her tenants are making lots of noise well into the early hours of the morning. The agent has handed it over to the manager of the PM company who is trying to get them out. My friend took out landlord insurance on my advice (and she...
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    Interesting reason for dishwasher and air-con to stop working?

    I'm keen to know whether many people have had this situation... A great tenant who has been there probably five years told me today the dishwasher doesn't work and has some stale water in the bottom. She hasn't used the dishwasher (except to run it once in a while) and won't use it, so our...
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    Questions for the developers...

    With our plans due to be submitted in January, we have months to do some learning, but assuming we get this approved, I have some questions rattling around in my head. (Excuse any dumb questions... this is very new to me.) 1. I'm thinking we should pay someone to project manage this for...
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    How to disentangle a trust with minimal cost?

    With the need for a family trust now gone (set up by our late parents and now run by my brother and me), we have talked about splitting things between us, so that we can untangle our lives financially. We are on very good terms, no issues there, but rather than keep the trust running which...
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    Owners forced to have illegal shed certified before having it demolished...

    Someone we know bought a house, started preparing for a reno, cut down a tree etc. Clearly the neighbours noticed "something" was going in. They received a call from local council (Moreton Bay) to say the shed was asbestos and would need to be removed by a specialist. All good. That was what...
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