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Hi all I just want to run a reno scenaro by everyone. I have found a 2 bedroom brick house in a good suburb that went to auction and got past in at $110K, the reserve was $145K. I have offered 122.5K which has been countered by the vendor at 140K. Now what I intend doing to this house...

Hi all, Just have a question on depreciation. Can you claim depreciation if you purchase a property that was built pre 1986? I have tried looking for this info on the ATO web site but could not find anything stating this. Your comments would be much appreciated. Regards, Matt...

I am currently in the process of doing my first wrap (Terms contract), I have found my buyer, screened him and have gone through the contract. We are almost at the stage of him looking for the property. He has agreed to pay listed price plus my costs, so in the contract is it better to put...

Hi all, I was talking with this couple today that are looking to buy a wrap property off me and a struggled to answer one of his questions. The question was what if he makes the payments to me but I am not paying my payments on my mortgage, can the bank come in and sell the property from...

Hi all, I am thinking of quiting my job and going into renovating houses as a full time thing. I am a fairly handy person, able to paint, tile, Gyprock, build timber decking and also landscape. So my question is it possible to earn enough money out of doing reno's to quit my fulltime job...