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I recently heard that CBA is no longer valuing blocks of land purchased of the plan unless they have written confirmation from the Developer/Conveyancer that the Plan Of Subdivision will be registered within 90 days of the date of purchase. This means that buyers purchasing (mainly in new...

I will come along. My first! I work in Docklands so have no excuse this time. Cheers Sam

Ok so I just found out that the window was closed when it poped out. The apartment is 3 years old. Body corp think its a builder warranty claim or insurance. Wait and see. Hope it doesnt fall out being 25 floors up. Hope it doesnt rain.

Hi All With last nights 120km wind gusts in Melbourne, I had a call from tenants letting me know that the window will not close due the chain breaking off and the frame is now bent. See attachments. I?m assuming that they had the window open at the time it snapped. The apartment is on the...

Good news Brendan! What were the objections? Looking forward to hearing further progress. Sam

Westpac has dropped its one-year fixed rate home loans to 4.79 per cent, while its Bank of Melbourne and St George divisions lowered their one to five-year fixed rates to below 5 per cent this afternoon.

$400k sounds about correct for Sydney plates. Sydney plates have always been cheaper than Melbourne and Brisbane since the massive oversuppy introduced to cope with the 2000 Olympic games crowds. As you can see from TigerBoys post, plates can fluctuate very quickly for reasons beyond your...

CBA offers 0.2% discount for interest paid in advance. Again I would only do it if your taxable income this year was going to be higher than next year otherwise you will be stuck having to prepay interest yearly or go through a correction year of no interest deduction. If you moved into the...

I turned up late to an auction today for a rundown property on a large block. As a result I missed the auction, however as the property was passed in, I am considering putting an offer early next week. I haven’t seen the s32 yet, in the meantime just by doing a simple Google search I...

cmack, your still young with so much potential, I’m 25 and was in the same boat as you couple years ago, living at home, $55k salary and $480k debt, 80% LVR cash deposit and stamps from savings. Property was leased to family bringing in $370 p/w - **** yield but was more land value (800sqm...

Apologies, I got it wrong! Misread the "up to" and assumed it was 0.4 off all. Bugger, was getting a little excited.

cba rates from Friday 1 year 5.39% 2 years 5.59% 3 year 5.39% 4 years 5.89% 5 year 5.99%

Commonwealth Bank will cut interest rates by up to 0.4 percentage points on new one, three, four and five-year fixed-rate home loans. The new interest rates will be available to new customers, or customers looking to switch from variable to fixed rate home loans from Friday, September 7.

High risk with no great return I would also be worried particularly with point 5. Dads a taxi driver, been one for 35 years. Sold his plate couple years ago. He now rents one paying full fee (approx 38k pa) and has another that he scored at dirt cheap prices when the hybrid cars came out ($1.2k...

Bank of Melbourne fixed rates: 5.74% - 1 yr 5.74% - 2 yrs 5.89% - 3 yrs

Agree with the above responses, try a different bank. I work on one of the projects nearby and can say $130k seems a little low for 600sqm; however I would be very surprised if any bank valued it at more than $150k-$155k. Developers in the Melton corridor are fighting it very tough at the...

Hi Menty http://www.ato.gov.au/corporate/content.aspx?doc=/content/86191.htm Here is a Link from the ATO. I dont think there is a period...

Thanks Propertunity. What steps would I take to determine this? as in can I work it out myself or do I need to get a professional to do it? How would common areas be worked out? This seems to be the simplest option. I just wanted to see how much $$ I could save if I did negative gear it...

Hi all, I purchased a large double story, 3 bathroom, 5 bedroom home in Victoria settling in November. I will be applying to receive the FHOG and the 20% stamp duty concession. I currently live at home with the family (7 of us all together). The plan is for us all to move into the larger...

CBA has a current Standard Variable Rate of 7.81%. I just managed a 1.0% discount with cba bringing the rate down to 6.81%. Total borrowings of $833k on 85%LVR Sam