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  1. KangaBanga

    Prime Minister Tony Abbott announces stricter rules for foreign property investors

    SMH : New fees, fines for foreign property investors [The scheme could raise about $200 million a year by charging foreign home-buyers $5,000 for properties valued under $1 million and an additional $10,000 for every additional $1 million, Treasurer Joe Hockey said on Wednesday.] [Mr Hockey...
  2. KangaBanga

    Buying in Brisbane

    what's the best/easiest way to get a contract of sale from the REA to put in a low offer, like 5-10% below offers over / asking price? REAs just say that the offer is not high enough, don't want to provide a contract of sale until the offer is high enough. Do you just say I want to put in...
  3. KangaBanga

    Top End owned by corrupt officials

    Corrupt Chinese officials retreating to Australia targeted in joint China-Australia police operations. Corrupt Chinese officials who fled to Australia with an estimated $1 billion in bribes and embezzled money are about to be targeted by an unprecedented joint China-Australia police operation...
  4. KangaBanga

    Buying in Mount Gravatt East Brisbane

    Hi all, Looking to buy the house as below for PPOR.. http://www.realestate.com.au/property-house-qld-mount%20gravatt%20east-115959703 2 open houses so far. sellers want 880k and agent said he has received 3 offers between 880k-895k but have been rejected due to long settlement. Owners had...
  5. KangaBanga

    Negotiating in Brisbane

    Hi all, Recently made a big move from Sydney to Brisbane to look for my PPOR. Leaving 4.66million people behind. Would like to know what is the common practice in brisbane for buying a house. Do you sign on a contract before the agent submits offer to seller or can you send an official...
  6. KangaBanga

    Buying unit and developer negotiating

    Hi again everyone, does anyone know if developers benefit by paying stamp duty on a new property for buyer? can they claim any tax benefit from that or will they have to pay for the whole amount of stamp duty?
  7. KangaBanga

    House number 13

    Not sure if this topic has been discussed but has anyone had good luck or bad luck investing in a house or unit that has number 13 in its address??
  8. KangaBanga

    Buying ? divorce sales.

    Hi all, I am looking to buy a 1 year old house in sydney listed as offers >900k for my PPOR, last bought from developer for 840k. Has mortgage on it otherwise easement free. main question bugging me before proceed to offer is whether this is a divorce sale... Anyway to find out if it is? Have...
  9. KangaBanga

    China's PMI down to 50.5

    This is from today's news, http://finance.yahoo.com/news/uh-oh-chinas-pmi-miss-065058191.html Will this be serious as in a recession coming for China? And when china's property bubble pops will aussie market follow given the dependence on the chinese money buying into Sydney/Melbourne...
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