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Thanks everyone for your input. Spoke to RTA QLD and they said pretty much the same as Crest. Good to know where l stand.

an I have it with AAMI tenant protection. In this situstion l will have to return bond in full providing nothing to be fixed. Should l still talk to AAMI and see what they say?

Hi there, My tenant wants to break a fix term lease (till June 2014) due to serious illness and my PM basically advised me I cannot get any financial compensation such as re-letting fee as if the tenant takes it to Tribunal, he is more likely to win. Is this true? As I understand his...

Hi all My IP had water leak (wear and tear)from the roof and damaged ceiling. BC will fix the roof but they asked me to pay $250 excess(BC insurance) if I want the ceiling to be fixed. I am a bit confused about this. I understand if contents were damaged then it would be likely I have to pay...

Good idea. We should have one.

Stabbing is everywhere in Melbourne unfortunately. East is safer for sure but the safest will be in Altona next to the PM’s house.

You can call them pretending to be a prospective tenant and see how they treat you. Good luck!

With my experience if leaking from a main drainage pipe which is shared with several units then BC will pay otherwise it is your responsibility. But seems vary depending on BC. Speak to your BC manager and if you have to pay for this, at least you do not have to pay when other units have the...

AMP may be ok. But have a chat with your mortgage broker.

Try CF+ property. Some lenders will take 100% of rent income. But depends on your finance as Aron said.

Depends how you finance but if you use cash from your saving/offset etc you need to consider how much it will cost you as a part of expense. If you use $20K from your PPOR redraw/offset to buy your IP you would be paying $1400/year more for your PPOR on interest rate of 7%.

No wonder banks have bonus interest rate for kids saving account.:D

Do not let the RE agent help with wording of your contract. Never!

Have you done some resarch about new train line to the airport? It will take a while but worth looking. Rivervale...is cheaper not because it is undervalued IMO. Close to CBD though. If it is your PPOR you need to buy something you are happy with after all.

Good to Have as detailed plan as possible. Especially IP is not easy to liquidate compare to other investment vehicles. Better to know what you are/will be doing before you do anything. Some people like planning too much and do not act. Some want to act without planning.

Yes I count tiles presuming each one is 30cm x 30cm. Would be shocking if it was smaller.:eek:

Thanks everyone. I sometimes find one for sale and lease in same comlex and cant believe the difference. Just a lens... Andrew where can I find the online tools? Or do I need to ask you to find one for me?:D

PRICE REDUCED!!! – They only reduced by $1K. I love REA… Anyway I wish they stopped using wide angle lens making properties look at least 20-30% bigger. Does anyone know good tips to find out actual size? They do not have floor plan and believe 40m2 is 50m2 according to their mathematics...

Then you offer the painter a cup of tea.

Now from 5.99% 3 year fixed. Very tempting...