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Thanks for the responses, twinspectors booked in!

Thanks, I've made extra payments into the loan over the years and redrawn back some amounts at various times to pay for small expenses, do these withdrawals need to be deducted to arrive at a deductable balance? The redraws were not extra borrowings they we just redrawing some of the extra I...

Current PPOR has a loan of $260k (with $40k available on redraw) I intend to increase this loan to $400k to release $140k as a deposit on a new PPOR and then rent out the original house. Loan is now contaminated and only the interest on the original $260k is tax deductible correct? Does the...

One that would service Sherwood area. Thx

Apparently the guy is happy to do the right thing and walk away. But she is liable for the 50% stamp duty. But interested about this court order, how does one go about this and is it a long or expensive process?

Thanks for the link, basically it's saying there are a number of factors to take into account, still given the short length of the relationship I find it hard to imagine a judge would rule it defacto. If however it was the case then as Biggs said then she would be entitled to half of his other...

Yes she will up for 50% stamp duty to transfer the title to her, but that is peanuts compared to her deposit involved.

Yes I've noticed that as well, seems the legal definition in regards to asset splitting is generally at least 2 years living together but on the other hand government agencies like centrelink consider you defacto the day you move in together. It's a joke, seems like they want to make the...

The amount in question is not small ($150K) which is basically her life savings. I too advise her to seek a lawyer for advise however the last thing she wants is a legal battle and end up losing half the money to lawyers. Hopefully this guy will do the right thing and walk away but it would be...

The guy hasn't said he actually wants to claim it, more than likely he won't but she just wants to rule out the possibility. In my mind not being defacto then everything she owned before they met (including the deposit) he has no claim on but just not sure how that works considering the house...

I have a friend who purchased a house with her boyfriend only a few months ago. They share the title/deed and mortgage 50/50. Things have not worked out and they want to split. Now they have only been living together for these few months so I assume they are not considered defacto. The...

Ok I guess I'll leave it, So what is the legal situation with fixtures, if it's not excluded in the contract then it's assumed it goes to the buyer, or is it the other way around- inclusions should be in the contract? As an example a dishwasher, if there's no mention in the contract who's...

It has a sleeve buried in the ground that the hoist can slide in or out of.

Hi, Sold my house and was wondering if I can take the hills hoist or do I have to leave it? It's not attached to the house, in fact it's not permanently attached to the ground either as it's removable. Plucka.

To be honest I doubt that he was, although the offer was close to asking price so I can't really complain. I sought 3 different agents valuation on the place and they were all around the same mark but I have a feeling we could have gotten more for it.

Yeah that's true, in an ideal world maybe they should charge a set fee per day or something to make it fairer.

I carefully re-read the contract and it states that the agent is entitled to commission before OR after the contract term as long as the agent is "the cause" of the sale. This is the case of a sole agency agreement which is what I have. So as the new buyer was originally introduced by the...

I see, so even if my 60 day contract with the agent has ended he is still entitled to any commissions as he "introduced" the buyer. So even if I sold to this guy in 5 years time, the agent should still get commission. The contract doesn't really make it clear but it makes sense. I'll forget...

More Thanks for the reply's, In answer to your questions the house sold 1 day after being advertised, it's not a 1st home buyer house, more mid to upper price. I just spoke to the other buyer who appears keen as ever. Nothing has been agreed upon until we know what happens at 5pm tomorrow...

Hi, I'm a vendor who has been advised that due to bank delays it's unlikely the buyer will have finance approval done by the contract deadline of 5pm tomorrow and will need to ask for an finance extention. I understand under QLD law as the vendor it's within my right to not grant this...