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Hi Can anyone recommend me a good PM in the Cleveland Qld area please ? Thanks

Good point regarding the title etc. I will double check but I believe the title is under my name and my wife is the joint tenant 50/50 ownership. my wife will probably only work 2 days per week. She is paid well but won't earn as much as myself as I work full time. yes won't be changing...

So maybe a QS report - but should that be done before or once its actually advertised for rent ?

I certainly will be changing to i/o - however one portion is fixed until mid Feb so I am a little stuck there. I'll have to merge it and then change it I guess. My immediate goal is to ensure our lifestyle isn't hindered any further - so a small gain in tax refund $$ will lead to a higher...

I haven't included depreciation - I guess I could roughly say 2k or so We did pay LMI but it was reduced by 50% by the bank for us. I guess we would still be ahead in the fact that at the moment we are paying p&i. The difference is quite considerable - which means those excess funds can be...

Thanks for the info So it doesn't really work out to be too much of a negative amount (based on some rough figures) Rental income per year = $23400 minus deductions of 21k of interest + general expenses = $24900 Total - negative -$1500 Our rent in the other house will be about 21.5k...

Thanks for the tips here. Just so I can get my head around some of the basics before talking to an accountant etc Tell me if I'm on the right track here or not. Current Loan amount is $409k at IO approx $802 per fortnight in interest only repayments (approx 21k per year) We rent it...

So here goes my questions .. :) 2 years ago my wife and I built a lovely house - a little way out from Brisbane CBD. House is valued at around 480k, current outstanding loan is $409k.I am currently paying P&I and have an offset account. Our situation has now changed and we now have a 5...

Doesn't matter anymore - contract went unconditional today to the other buyer who had their foreign investment funding approved. Totally gutted & pissed off to say the least. Back to the drawing board.

Totally agree Thanks mate - good advice from everyone - appreciated. I've got a solicitor looking over it all for me. If it wasn't such a good buy I would of just walked away in the beginning! :)

The 72 hour thing is only valid once we sign a contract to make an offer as in the special terms they've left it blank to be filled in on the day an offer is made and signed for - because that special term is applicable to the seller and the current buyer with a contract on it The agent is...

Exactly - this is what we don't understand. From what the RE told me if we were to put in and offer today - it would be three days /72 hours before we would know if the offer is accepted. heres the clause "This contract is subject to a contract between (seller) & buyer - dated (date)...

Hi All, So my partner and I found the house we want after many months of searching and getting frustrated & feeling like just giving up The real estate agent advises us there is a contract on the house and its subject to Foreign Investment review. We were also told we can put in an offer...

Yep thats the one - Costal Vic

Has anyone here bought land or done much research about this area ? What are the cons ? Some of the cheapest ive yet to find thats close enough to a beach

anyone ? :)

Hi all, Hoping you can give me some good advice. I am looking at purchasing a block of land (coastal victoria). Before I make any offers are there any checks on the land I should be getting done ? The soil is basiclly very sandy (i plan on building a small holiday home on it but in about 10...

Venus Bay Hi Guys, I am looking at purchasing a block of land at Venus Bay - approx 80k or so. I'm looking at it purely as a retirement type thing for later on in life. Would it even be worth putting a small 2 bed cottage on it and renting it out ? Is there mucn rental demand in this area...