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    End of an Era

    The quality of advice by industry experts is a wonderful feature of this website. For some time I have been advising people with property questions to post here in the certain knowledge the answers would be accurate. Many thanks to those that made it happen. Leaving the website online read only...
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    High Yielding Shares Again

    Whirlpool has an interesting discussion. http://forums.whirlpool.net.au/forum-replies.cfm?t=2290394&p=60
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    High Yielding Shares Again

    NAB is trading in the mid-$34 area, and NABR in the high $5 area. The DY is in the high fives fully franked. There appears to be some price support due to the DY. There's price support at $32, and this did not break in 2014. Worst case, buy the entitlement at $28.50, and there's a paper profit...
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    Claiming up to $20 000 immediate deduction

    Thank you. It's too cold for diving.
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    Claiming up to $20 000 immediate deduction

    The federal budget provided that small business or sole trader with an ABN with a turnover of under $2 million a year can claim up to $20 000 a year. I have an ABN for a business that was a sole trader. I'm still the same sole trader, but have moved onto property and shares. One report advises...
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    Tradies - who decides which one?

    One can but hope. You may wish to monitor the news to see about biffo or an exploding IP. More seriously, if an event seems like it will go pear-shaped, I keep all emails in a word processor. Write the email in the WP, add the date and time of despatch, and then send it. Incoming emails are...
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    Tradies - who decides which one?

    That's mad! You're the owner, you make the calls on what can be done. Most certainly work with the new owner but until settlement you decide. The new owner had no right to give the PM any instructions until after settlement. The tenant, PM and new owner are probably having a lovely time together.
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    100 points for mortgage registration

    Terry, can you please advise if in your view s. 87A (1) has been satisfied in my circumstances?
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    100 points for mortgage registration

    Marty, thanks. I can see where they are coming from, AML and all that, but this is insane. There should be just one standard universally applied, and when there is sufficient evidence from multiple sources about a person with a long history, then identity should be proven. I've given something...
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    100 points for mortgage registration

    I'm towards the end of arranging refinancing and today was advised by my broker that 100 points of identity are required. It seems that the Victorian Titles Office recently had a chnage of legislation, regulation or policy requiring 100 points. Odd. I am alrerady registred with the Titles Office...
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    Tradies - who decides which one?

    Agree. The PM has the keys as does the LL, and it's a question of trust. A tradie who is also a thief would not last long, or maybe the tenant just feels more comfortable being there when a person with a key might visit. The repair was sorted.
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    Tradies - who decides which one?

    Thank you. The PM's advice will be sought. If the tenant does not have to be there then the tenant will not know who is selected to do the job.
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    Tradies - who decides which one?

    A tenant reported a non-urgent repair to the PM and I was contacted about this. The agent said that tradies normally contact the tenant to sort out dates and times of access, and if the tradie can use the PM's keys. As this is a non-urgent repair I'd like to have the tradie attend on a weekday...
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    OC fee category, payment timing

    I cannot recall what it was like then, ages ago, but I suspect note. I know the issue was raised at an OC AGM a few years ago, and last year it was decided to fix the paths. Is pre-existing or not at the time of purchase a factor? The TR cited above seems to turn on "repair". The new concreting...
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    OC fee category, payment timing

    Thanks for that advice. The ATO advises that: "Similarly, if the body corporate levies a special contribution for major capital expenses to be paid out of the general purpose sinking fund, you will not be entitled to a deduction for this special contribution amount." The item in question is...
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    Victorian OC, no AGM minutes

    Kate, thanks. I have had great difficulty obtaining replies from this OC, who have conducted matters contrary to law. I've won a few VCAT matters, which the OC glossed over in their report, thus keeping lot owners unaware. The dollar amount is serious - about $8000 income forgone. I looked at...
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    Victorian OC, no AGM minutes

    Our Owners Corporation AGM was over a month ago and no minutes have been received. The AGMs usually lack quorum, so the decisions are interim. My recollection is that minutes must be sent within 14 days of the AGM, but s. 114 of teh OC Act says: 114 Minutes (1) The committee must keep minutes...
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    Blocked sewer in strata title

    Thanks, will check with other residents and OC.
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    Blocked sewer in strata title

    The toilet is not flushing properly. Plumbing advice is that it is probably due to roots causing a blockage, and if so, this is probably on common property. I am advised that there is no way to determine this unless a plumber attends to assess the problem and fix it. Should the plumber be...
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    Underquoting and jaded buyers

    Fair enough, but with properties costing hundreds of thousands of dollars, another $500 is quite small. The advantage is that all potential buyers could immediately see the pros and cons of a property, thus avoiding wasting the time for all involved. It would also avoid the need for a potential...
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