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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...

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.

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...

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...

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...

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...

Just wondering what qualifications/experience does one have to have to be regarded as a town planner and what should I be asking a town planner to produce / show me before engaging their services. There is the Planning Institute of Australia but is there a governing body or licensing...

We've decided to sell our WA property. So far with a couple of appraisals and REAs presenting their rates/commissions between 2.5-3.5% or a flat rate of between 10-15k, I am going to propose an incremental scale. 1.5% up to 590k then 7% between 590 and 620 then 10% above 620k. If they sell...

We've had feasability study done on subidividing our PPOR. Result was 'Excellent' development potential' with 'Good' profit potential. Plan is to get plans/permits etc approved then sell the rear (vacant lot) to the SMSF leaving the SMSF to fund the build. Main reason behind this is to...

Just purchased a property and apart from the 10% deposit we had to borrow the lot as a stand alone mortgage. We had been preapproved for the amount but thought the bank would still want/have to do a valuation. They didn't. We believe we did get a good buy. Despite needing a lot of work its a...

We recently bought a reno in Melb. that has a second dwelling extension. Literally a 2 bed 1 bath added on out the back with kitchenette. There is a door that joins the two dwellings and other than the fact a cupboard has been built across the door the two are technically one dwelling, share...

Can anyone recommend or give advice on service that provide an all in one service for subdividing a block. I came across a company that advertised a three step process for $10k in Melb. 1. Site visit, client consult, design brief and feasibility $1900. 2. Feature and level survey $2900 3...

I want to set the condition of vacant possession before bidding at auction. I have been told verbally by REA that will be the case but its not in the contract. I have asked for written confirmation that if I am successful bidder that condition will be accepted. There is apparently no lease...

We came to realise very quickly that 2 main REAs in Bayside area are notorious for underquoting...not much later we discover that pretty much all underquote and from reading other threads its pretty much accepted as the norm in Melb. It seems that vendor's reserve is usually set approx 10%...

Our Perth tenant contacted us to see if we were interested in selling. Coincidentally we are at the right price. Temant explained that they don't have enough for the deposit and would take at least 12 months to accumulate it. Initial talks were along the lines of a sale price we are very...

Hi We are currently looking at a house on a triplex size block. A builder friend is willing to fund 1/3 of the purchase price in return for what would be the rear 1/3 of land. We get 2/3 of the land and the house for 2/3 or the total purchase price. win win ...We go 50/50 in all...

A tenant approached our PM and asked if we would consider selling. Coincidentally we are but were going to go with another REA. Our PM is affiliated with a national REA company but don't deal with sales. If with a different REA, at auction the tenant buys the house would the original REA...