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I do thank everyone for their input. Yes I should have attended to the maintenance of the pool fence. I totally understand that and will be offering them some compensation....but I am still perplexed. The events leading up to the signing of the latest lease agreement support "the pool fence...

Thank you all for your responses. Definitely a reality check. I am now reconsidering my position. However, one thing that needs to be clarified is that I took action the moment that I was advised by an authority that it was deemed non-compliant and offered a reduced rent. Council were not...

Hi All What are your thought on our tenants vacating early and lodging a claim against us in the Magistrates court for $6500. Tenants complained about a rusted pool fence about 12 months ago. We had quotes to fix/replace $2500-$4500. Maintenance during their 2 year tenancy was over $5k...

Yes I would have thought that median prices, comparitive sales etc would be all that any qualified estimator would use anyway. In regards to the 6 year absence rule I was of the assumption that I can only have one PPOR at any single point in time. Or can the 6 year abscence rule overlap...

I would like to know what options I have in working out the CGT on the sale of an IP that was once our PPOR. purchased in 2002 as PPOR for $174k Became IP in 2006 when I estimate the house was valued at $320-340k Now on market and expect $420k I understand that, profit = sale price -...

We're about to put our property on the market and need a conveyancing lawyer. Any recommendations for a lawyer in Perth? Definitely prefer a lawyer rather than a conveyancing agent just for the peace of mind if anything goes wrong then its already in the hands of a lawyer.

Yes.. Was originally our PPOR but investment for last 5 years. I have a sub. to pricefinder which hepled. Kept our eye on market for past 18 months since we originally considered selling + comparitive sales reports from other agents. My partner believes its worth more than me. IMHO I think I...

We are very close on selecting a REA to sell our house in S.E. Perth. We approached 5 in total. We requested a clear marketing plan and appraisal. He gave us some recent examples that included vendor's expectation, marketing strategy, how he managed to negotiate to get above vendor's...

Most imporant rule is that you establish what it's worth and what you are prepared to pay. If it goes above that you walk away. At auction you know your competitor's offer and you know when you've reached the vendor's price. You only have to go as little as $500 above whichever is the...

We pulled out of negotations after we walsked up and down the street one quiet evening (something worthwhile doing btw). The buzz/humm coming from a transformer directly in front of the house, whilst I am sure you'd come to ignore in time, put us right off and we walked away. We did...

Link doesn't work... That aside, why the time pressure? Seems ironic that so many times you make an offer there is always another offer in place. If you like it and figures add up make an offer based on the figures and one you're happy with and when you're ready. Ignore the other offer if...

I'm giving serious consideration to a mid-life career change but I really can't pinpoint what I want to do. My current profession of 13 years is IT and I'm over IT !! ;) My passion is property. On our 3rd reno atm. and am very hands on and worked for electricians and builders many years ago...

Both Brigthon and McKinnon secondary (public) have very good reputations and are sought after catchment areas. Plenty of private to choose from also. We rented in Hampton for 2 years before buying in Brighton East. You mentioned land so i would be looking at min 600sqm but ideally 700sqm+...

I'm with the others. Stay clear of small apartments especially studios. There is a lot of apartment development going on in the area. Supply and demand. You will be competing against hundreds if not thousands of other investors and discounting to get tenants for sure. Right beside upper west...

We have had a readability study done + second opinion on a subdiving our PPOR. Figures add up as it having good profit potential with a registered builder managing and excellent if I did it as owner builder. I have enough friends in the trade but are interstate, I have done two Reno's so am...

Falling down, no. A lot of work yes. $170-220k was based on taking a circa 1950 semi Art Deco house that needs, 2x bathrooms, new ceilings throughout, windows, kitchen, heating/cooling, rewire, some walls removed, laundry, gutters, fascias and more. The added on room at the back would have to...

We are meeting with a builder this week to discuss figures. My initial thought is that the reno costs on the front house would be very close to the cost of the second house. ie. building 2 is cheaper p/sqm than 1 so. If the rear dwelling was going to cost $320k then I could get two done for...

We have had a feasibility study done on our property. Excellent sub dividable potential with good profit potential. Old house is well forward of block, with room for rear dwelling no worries. We were simply going to build at the back but now looking at demolishing because there's at least...

My brother has had an offer made on his house. He's happy with the price but the conditions are unusual. Purchaser wants a 9 month settlement allowing time to sell their home but wants to move in with 30 days. Standard 10% deposit on exchange of contract with additional $300k on moving in +...

A friend put in an offer on a commercial property. One thing he was concerned about was the condition of the yard. It had sunk in a few spots and he has a special condition that it would be repaired "to his satisfaction". Long story short.... Vendor and he can't agree on repair costs. He has...