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Well in the future if you are thinking of using a broker why not contact 2 or 3 recommended ones, explain your situation and see what they advise. Nothing to lose and potentially a lot to gain!

I feel that the discount Andrew Allen got on the property I bought more than covered his cost.

There are some good deals to be had at the moment, at least at first glance. However it's not just that body corp is higher than other places, in some cases it has quadrupled since cyclone Yasi! Many of the large insurers pulled out of the region altogether, leaving some complexes no choice but...

I recently purchased half a duplex (strata titled), and am trying to arrange lawnmowing of the common area and building insurance. I keep leaving messages with the other owner, but she doesn't return my calls. If I arrange building insurance but the other owner refuses to pay half, what can...

I also have a duplex in the Caboolture area, and am looking for insurance. My problem is that the owner of the other half doesn't return my calls. Are there insurers out there who will insure only half a duplex? Also, when it comes to garden/common ground maintenance, if the other owner doesn't...

I just used them to list my townhouse for rent on realestate.com and the other sites ($130). I was very impressed and would definitely recommend them. I showed three people the property the following day, got an application straight away and had an approved tenant after just 3 days, ready to...

Yes, you need a subscription to RP Data, or befriend someone who has one :) You can also find when the property was listed, including any price changes, at onthehouse.com.au for FREE! Under 'property values' type the address and once you've clicked on the property it will show this info at the...

Oh no, wait, I spoke too soon!! I clicked on advanced, changed a few things, went back, hit 'crunch numbers' and "an error occurred" :(

Good work! I like the simplicity, but also having the option to alter the variables. Nice work, and look forward to seeing how it progresses.

Thanks Propertunity! I love a simple thread :)

Just checking my assumptions are correct... Bought a property with FHOG. It was tenanted and still had a few months on the lease, so I waited three months after purchase then moved in. First 3 months = IP (claim income & deductions on tax return) After I moved in = PPOR (don't claim...

Once I've found my next IP (in Townsville) I'd be interested in getting a buyers agent to help with the negotiations of purchase (to make sure I can get the best possible price and not pay too much). Does anyone know of buyers agents that operate outside the big cities? I'm sure it must be...

Just bought/read More Wealth From Residential Property by Jan Somers (seemed the thing to do, seeing as I'm on the Somersoft forum!) One of the best things the book did for me was to spell out the DSR (debt service ratio) calculation, which is that (AS A GUIDE ONLY, because banks differ) your...

Just for the record, I did get my whole deposit back. It wasn't just the figures that made me back out, that was just the tipping point after a few other issues which were niggling away at me. I've just bought another place nearby, which I feel happy about and I think is a better purchase for me...

Thanks for the responses, they were really helpful in my hour of panic! I spoke to my conveyancer today and apparantly because I didn't sign all the necessary forms in the required order I can still pull out at this stage (and not lose money) even though the contract has been signed. The agent...

And just out of interest, what would happen if I didn't sign the BC disclosure statement?

Yes, maybe it's not really as bad as I thought (I hope!). I just noticed there's a 20% discount for paying on time, which makes it a bit better. And if I could just find a reason to bump the rent up an extra $5 a week... I guess the best person to talk to would be the BC manager, who would be...

It went from $1900 to $2800, for a townhouse. Purchase price was 195k, currently renting at 240/wk.

Help! I signed a contract, the sellers have signed and I sighted a Body Corp disclosure statement from last year. The REA said it would take a few days to get a new one made up but I can still make a written offer etc. In the new one the BC costs are HEAPS higher, which means the prop is...

Thanks Props, that's a brilliant tip about the ingoing inspection report! Why didn't I think of that?!