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Lol I think anyone would be hard pressed to find an agent who ISN'T dishonest. I don't think this guy is any different to the rest of them.

Thanks for that. Although it seems that the person who answered asserted it was a scam and they were being ripped off by about $50,000 a property, without any reasons given for why it is a scam and how this scam works, or how they came up with the figure of $50,000. Not very helpful in my...

When we bought a property, we contacted the selling agent to put in an early offer prior to auction. The agent told us there were other interested buyers and he would be asking everyone to put in their "best and highest offer". There would only be one chance and the highest offer would win. We...

I was also recently visited by a representative from IPGA. Basically, they offer a service where they research the best areas around Australia to buy into, and sell you house and land packages in the areas they believe will provide high capital growth within the next few years. You pay them...

In my case it was very difficult to know the market as it's a very small area with not many comparable sales. I do wish I had bid higher as I could have afforded it but was just concerned about the rule of not breaking my predetermined limit. In hindsight if I'd got the property I wouldn't have...

I have been to several auctions in the last few weeks and I believe in every case, the reserve price was greater than the top figure in the estimated price range. Doesn't give you much confidence in agent's ranges at all!

Just lost an auction on the weekend. House was marketed at an estimated range of $620K to $680K. Property was declared on the market at about $700K, and after about the $750K mark it was only us and one other bidder. At the end we were going up in $1000 increments, however I didn't feel...

This was what happened when we purchased our first property, agent asked for best and highest offers, and we went crazy trying to determine what our offer would be, as we didn't want to pay too much, but also didn't want to miss out as there was only one chance. In the end we put our offer in...

Hi all, I have just purchased a house and am thinking of hiring someone to install an extra toilet somewhere, as there is currently only one bathroom and 4 people will be living in the house. We have not yet figured out where it would be possible to install the extra toilet. Can you...

Hi all, I have just received a building inspection report on a house I'm considering purchasing. A structural defect has been identified which may require underpinning work. The report makes it sound fairly serious. As I have absolutely no knowledge in this area, I would appreciate...

Hi all, I'm interested in buying a house which is going to auction. It is quite old and looks like it almost certainly will need restumping, as there are large cracks in the outside walls. There also looks like there is a little bit of rotting timber. Can anyone recommend a good...

Thanks for the helpful advice. It is about 15km from CBD and about the same Price as a modern two story townhouse. The detached houses are slightly more expensive, so I need to go and weigh up whether it is worth spending the extra money

Hi all, hope this isn't a stupid question. I am new to property investing and have found a house that I like in an area that I like which is on a 440sqm block, which is larger than average for this area. The house probably takes up less than half the land, so there is a large backyard. The...

Bank valuations are even more conservative than normal sworn valuations, as the banks don't want to expose themselves to any more risk than necessary when agreeing to a loan amount.

I work in an area where I am constantly obtaining both kerbside and sworn valuations on properties. Kerbsides are only an estimate and are not a true indication of what the property will sell for. Sworn valuations are by their nature conservative, and are almost always lower than what...

In Victoria all the SRO need is one appraisal from a real estate agent.

I live in Hoppers Crossing and don't really consider it a rough area. Seems to have plenty of hoon drivers though.

I am interested to hear people's opinions on Heidelberg West for an IP. I know it is a rough housing commission area with a bad reputation, however it seems to tick a lot of other boxes for potential IP. Close to Northland Shopping Centre, Latrobe Uni, has a hospital nearby, well...

Question: When the REA says that someone else has made an offer for $X, how do you know the REA is telling the truth? Do they sometimes lie about the other offer to get you to raise your offer?

This proposed new harbour seems to be quite near the big sewerage treatment plant. Do you think it is possible that this would affect the level of appeal of this area? And we all know the Werribee South beach is one of the worst beaches in Victoira.