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  1. H

    Issue with a tradesperson - advice needed please!

    I'm not worried about it any more. But I'm a researcher by profession. I like to know stuff! All good, and even better, our agent says the work wouldn't have made a big difference to the sale price.
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    Issue with a tradesperson - advice needed please!

    Thanks all. Very enlightening. My research suggests you don't need a special licence for the work that was to be done in this case. BUT, here's an interesting thing. The quote includes a GST component. However, an ABN look up shows he is not registered for GST. This, I believe, is highly...
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    Issue with a tradesperson - advice needed please!

    In any case, it seems to me that he has broken the terms of our agreement. He said that if I couldn't pay some money up front, he couldn't do the job on the agreed date. So......impasse.
  4. H

    Issue with a tradesperson - advice needed please!

    Nope, the quote didn't state materials were to be bought up front. I don't know whether we had a 'contract'. He gave me a written quote, I accepted the quote, we agreed on a date to do the work. There were no finer details discussed beyond that. Does that constitute a contract? I'm not...
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    Issue with a tradesperson - advice needed please!

    We have no contract. Just his written quote, outlining job and proposed cost. And my agreement to quote via text. It was only a $2000 job. Look, I don't think the guy would take legal action. I just don't want any trouble, as he lives in my suburb.
  6. H

    Issue with a tradesperson - advice needed please!

    Hello, I had a tradie come and quote on a job to be done on an IP I am preparing for sale. He gave me a quote in writing. I accepted the quote via text - so my acceptance is also in writing. We agreed on a start date, but as that loomed, I could not raise him by text or phone. When...
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    Vacant property

    Thanks. We are safe. It's advertised, for normal market rent. Cheers.
  8. H

    Vacant property

    Hello, One of my IPs is vacant at present. This is not by choice; the market is quiet at that location at present. It's been vacant for about two months now. This will result in a significant loss on that property this financial year. I vaguely recall reading somewhere that you can only...
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    Accounting query re LOC

    Hello, I have a Line of Credit that is attached to my PPOR. A few years ago, I purchased an IP, with 20% of the purchase price coming from that LOC (to avoid mortgage insurance). I have decided to move into the IP, and rent out the PPOR. It will still be classified as my PPOR. Whilst...
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    Can we buy a property in our son's name?

    Hello, Is it possible for my husband and I to buy a property in our son's name. He has no job (uni student) and no deposit; but we have the deposit and ability to pay the mortgage. If there is a way to do this, could he further take advantage of the first home buyer's grant (if it's a new...
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    Strata apartment with no body corporate. Opinions, please?

    And what about insurance?
  12. H

    Strata apartment with no body corporate. Opinions, please?

    Hello, I am currently looking at a 2BR unit. It's strata-titled. There are three properties in the strata scheme: an original house and two units built behind it. While there is a strata scheme in place, there is no body corporate. I've been advised by the agent this is quite common for...
  13. H

    Is this allowed?

    Thanks, Peter. Yes, that's what I thought. On the Ppor, is it only the original loan that would be tax deductible? What about money used from a line of credit attached to that property?
  14. H

    Is this allowed?

    Hello, We have a suburban PPOR, and have just settled on an IP unit. Is there any reason why we can't move straight into the IP unit ourselves (and rent out the PPOR)? Would this affect our ability to define the unit as an 'investment' down the track? Cheers.
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    Where can I park $800K?

    Sorry, my bad. Typing on the run. What I meant to say is that this - defer sale, renting out PPR - is the next option we are considering. PPR not yet sold.
  16. H

    Where can I park $800K?

    I like this idea too.
  17. H

    Where can I park $800K?

    Hello again, Thanks all for the great thoughts so far. This option suggested by Ace in the Hole is the one we've been considering most closely. The rent we can get on our PPOR will more or less cover the rent we will have to pay. But NOT if you factor in the income tax that will be payable...
  18. H

    Where can I park $800K?

    Hello all, We are preparing to sell our PPR, and expect to walk away with about $800K. Long and complicated story, but we will not be in a position to buy our next PPR for a year or two. We will be renting during this time. I am seeking advice on the best thing to do with our $800k in...
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    How to formalise tenancy arrangement with a family member?

    Hi again, I found a downloadable lease - so that's fine . . . But do you think we need to use a property manager? Or would a signed lease be enough, accompanied by proof that he is paying market-value-rent (which he will)? Ta.
  20. H

    How to formalise tenancy arrangement with a family member?

    Hello, My adult son is moving to an area where we own one of our investment properties. We will be renting the property to him from early next year. Need advice, please, on how to formalise this arrangement in a way that will satisfy the tax man - i.e. that still allows us to claim...
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