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    Borrowing Power with Dependents and a single income?

    This question is probably more geared to the brokers but I thought it's worth posting publicly for the benefit of all. I'm hoping someone can comment on whether it would be worth trying to get finance to upgrade to a larger PPOR or if the bank sees our application with our new financial...
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    Selling - determining market value of house?

    I am considering selling our PPOR. We bought it brand new (spec home newly built), for $350,000, 2 years ago. We are only really able to bite the bullet and sell it, if we can achieve a sale price that will allow us to roughly 'break even' on the house. To do this, we are going to need to be...
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    Converting second living area into 4th Bedroom

    Just wanted to ask everyones opinion, we have a near new family home (18mths old), it is 3 brm, 2 bath, SLUG, large living area off the kitchen (3.5mx7.5m=26m2), it also has at the opposite end of the house a second living area of 5mx3.5m=18m2. I am trying to think ahead both in terms of...
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    Is it necessary to get a boundary survey?

    I'm buying a turnkey/completed brand new house, in a new estate..all freehold land/no body corp or any stuff like that. the house was completed approx. Sep 2010, the developer of the estate i believe built all the fencing etc. is it necessary to do any checks on the...
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    Building Inspection - Crack in Slab

    Just got a building inspection done on a brand new/turnkey spec home, fully completed, building finished about 6 months ago. They identified there was a crack in the garage concrete (the house is a single storey on a slab), 1mm x 2m in size. Is this anything to worry about? If there were...
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    BNE/Springfield Building/Pest Inspection - do I need it?

    I've just exchanged contracts to purchase a brand new house in Springfield, which was completed approx. Sep 2010 and sat on the market as brand new/spec home type thing ready for a new buyer. Given it's brand new/complete, do I need a building/pest inspection? I noticed one QLD company...
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    Cost of Window Screens/Blinds Whole House

    I am about to make an offer on a brand new house that's already been built, in it's current form it does not include window screens or coverings. How much should I allow for this? There are 9 small windows and 5 large windows - all are sliding variety. (3bed2bath home) I was thinking...
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    Buyer responsible for covenants?

    I'm looking at purchasing a house in a new estate which has already been built by a builder, everything is complete and they are marketing it as a brand new/spec home. The builder has bought the land, designed & built the house and now sells it to move onto the next. In the contract it says...
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    What's the deal with Open Listings?

    I'm looking at a couple of properties that are listed with multiple agents due to the slow market in QLD, anyway I was just wondering, if we want to have 2nd inspections/offer etc do we HAVE to do it through the agent who first showed us thru (we rocked up to an advertised open home) or can we...
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    Initial Deposits

    Im about to sign a contract to buy a house in QLD. I notice the contracts say: Deposit $___ - Initial Deposit payable when Buyer signs this contract $___ - Balance Deposit (If any) payable on: __/__/2011 Should I offer to pay $0 on signing the contract, then offer $5000-$10000...
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    QLD Buying Process

    Being a mexican formerly from south of the border..things were done a little differently back there when it comes to the buying process for Queensland. I thought I would share what I know and ask a few questions to spark some discussion on the topic: It seems in QLD that on settlement day...
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    Near New Houses, Brisbane under 350k? Springfield Lakes?

    I'm looking at all options for near new houses, under say 7 years of age..like ones that don't really need any work done. And under 350k. 3brm+ So far I have found within 30km of CBD: Springfield Springfield Lakes Forest Lake North Lakes Murrumba Downs Bundamba (maybe getting a little...
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    Train Line - How Close is too Close?

    We all know you need to be careful buying property near a train / rail line. I looked at a house the other week, it was nice, below market $ but over the back fence 3m from the house was a busy suburban train line !! (No freight, but still high frequency electric trains!!) Obviously this...
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    Ahead on a loan, does this reduce each repayment?

    Sorry if this is a somewhat basic question, but say I take out a loan for $300,000 which costs me $2000 a month, if the loan has redraw and/or 100% offset facility, and I instantly park $20,000 in the loan straight away to start reducing the cost of Interest, do I have to keep paying my $2000 a...
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    Will a bank give me a loan?

    Ok, am looking to buy a PPOR at postcode 4300 Springfield Lakes. Anyhoo believe I will probably need to approach banks direct, the Mrs is pregnant (only 12 weeks), so we got 6 mths till she pops and I want to buy us a house now while we have the time/etc before the baby arrives. In 6 mths...
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    Brisbane - cheap house within 5-10km CBD? Suburbs?

    I am searching for a cheap house within 5-10km of Brisbane CBD. By cheap I mean under 400,000. For a PPOR. Can anyone help direct me on what particular suburbs to focus on? Indooroopilly seems good affordability, also some not too dear ones at Grange and Ashgrove way, although quite old...
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    Car Loan affect Servicability?

    Just wondering how significant an effect getting a car loan can have on loan servicability for a PPOR? Currently wife and I earn 50k and 52k plus super so 102k combined p.a. f/t perm employment. we have 5k credit card limit. we had a 15k car loan from a few years ago which we now owe only...
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    Problem searching

    Im trying to do a search for the word Charleville but it keeps saying: Sorry - no matches. Please try some different terms. The following words are either very common, too long, or too short and were not included in your search : Charleville I have tried with wildcards etc but cant get...
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    Charleville QLD

    Doing a quick search on Charleville I am surprised I cannot bring up any results here. I know its way out "woop woop" but a quick search reveals there are some houses on the market for instance one 5 bedroom for $115,000 that is getting $180 a week in rent. To my quick calc's thats an...
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    Easier to get a loan as an IP or PPOR?

    Is there any difference, making it easier to get finance for a property purchase with whether your going to use the house as an investment property or owner occupier? My wife and I both earn relatively good money (combined 95k per annum gross). We are looking to buy a property which has a...
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