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Loans were restructured at the time we bought the new home. I borrowed more via a new single IP loan to buy out my wife's share of the IP at fair market value. The basis of this was to leave as much debt against the separate IP loan and in my name only. The property was independently valued at...

Wife and I jointly purchased a property in Mar 2006, which we lived in until we moved out in Mar 2009 when we bought a new home to live in. The property purchased in Mar 2006 then became an IP in Mar 2009. We lived in the IP for three years before moving out and renting it. The original...

Hi, Wife and I jointly purchased a property in Mar 2006, which we lived in until we moved out in Mar 2009 when we bought a new home to live in. The property purchased in Mar 2006 then became an IP in Mar 2009. At that time, I transferred the IP from joint ownership into my name only, using...

I'm with AAMI, and have the same concern due to tenant not wanting to go on to a new fixed term. AAMI confirmed that the tenant protection (rent) coverage was not impacted by the tenant moving on to a month to month arrangement (and it did not impact any of the policy at all).

I too am in the same boat. Only choice is to issue 90 day notice to vacate that will line up with end of the term, or a 120 day notice for no cause.

Hope they are not engineering students. They did not end up getting the couch over the balcony! Muppets.

One of the original two tenants moved out and three new occupants moved in. PM has approved nothing but suspect that PM has been slack in letting me know once they found out. Pm has said little other than letting me know and sending the applications from the three new occupants.

Thanks for the feedback. I've tried again with the agent to find out: -when the original tenant broke the lease and advised the PM -when the new occupants moved in -when the PM was advised of the situation and received the new applications No answer yet - will call tomorrow. This...

Urgh. Where do I start. Rented out my 2BR + combined study/utility room/laundry townhouse to 2 tenants last Nov. Tenants asked if they could keep pets prior to signing lease - I said no. They signed anyway. Today I find out from the PM that one original tenant has moved out - because she...

Agreed. Seems like quite a bit of margin on materials. About 9K in materials and 11K in labour. $6K in cabinetry alone :eek:

Thanks for the reply. I've thought about doing the PM myself, but I'm short of time (work long hours) and we have a young family, so spare time is not readily available. A short turn-around is what I'm looking for (hard to live without a working laundry with small kids) and off loading the job...

Hi, We embarking on our first reno (Melb metro area). We have an exterior laundry (connected to house on one wall) that we want renovated as it is a bomb site. Room is 3m X 3m and on a concrete slab. Works we want done are: Demolition and removal of Rubbish. Remove internal instant...

Can confirm this, $700K in loans with the NAB and was offered 0.85 off when I asked for break costs (took a few calls and emails to get this). Anyone done any better in the sub-$1M range with NAB?

Hi, Looking at a property title plan under S32. There are two title plans for the one property - one is the front 3/4 of the land, the other is the rear 1/4. The title plan at the rear lists 2 encumbrances as follows: "The right title power authority or interest of the melbourne...

Bump for help? Rather than a separate thread, I thought I'd ask for additional advice here. Our OC manager has issued financials and budget for the coming year prior to the AGM. The budget and financials were rejected due to errors and gross over-estimations. The OC manager re-issued...

Hi fellow investors, I own a unit in a development (small, 16 units) which is under an Owner's Corporation. I'm on the OC committee as well and always have been since becoming an owner. Our current OC Management company is just not cutting it. No details, but their approach is no longer...

Search for the term 'natural love and affection' - this process allows you to transfer property between spouses with no trigger for stamp duty. We did it when turning our VIC PPOR into an IP (did it the same time as buying new PPOR). Not sure if this is possible with an existing IP. Your...

Hiya, Our IP is tenanted to a couple who are 6 months through a 12 month lease. They have broken the lease as they are being transferred interstate for work. Note that they are both foreign nationals in the country for work (PM has copies of passports, DLs, other info etc). The property will...

Hi, We have an IP which is only 3YO (we bought it new), so still covered by the building warranty (property is also under an Owner's Corporation structure). The tenants have reported an electrical fault in the house - the house main circuit breaker/RCD tripping when a certain power point...

Hi, Firstly, this forum has helped me quite a bit over the last 3 months is turning our PPOR into our first IP. Much appreciated. So, we have our first IP, plus our new PPOR. The company I work at has an employee share scheme structured in a way that avoids the 'pay tax upfront when you are...