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What is usually involved when purchasing an apartment (that is currently being built) from a seller who initially purchased from the developer direct? Since the seller has nothing physical to sell is it a matter of changing the contract so that it is between the developer and new purchaser?

Our IP owners corporation insurance is up for renewal soon. We own one in a block of 3 townhouses where the other two townhouses are owned by the same people (who we purchased from last year). A couple of questions: 1. Who should the insured be on the policy? Would this be the Owners Corp...

With the current low fixed rates available I'm currently trying to work out whether it's worthwhile switching, either to 2 or 3 years fixed rate. Would appreciate some advice please. We currently have 2 properties, PPOR worth $415k, IP worth $400k with loans about $665k. The loans are not...

I put in an offer today on a property that is going to auction this Saturday. The offer lapses in 3 business days because I didn't put in a shorter timeframe on the contract. If the vendor doesn't accept the offer then it lapses on Monday. If I don't get a response from the vendor prior to the...

We have a property valuer coming tomorrow to value our house for the bank to determine how much equity we have. I've cleaned up the house so that its neat but not as neat as I'd have it if it was for an open for inspection for example. Is this ok or would I be disadvantaged somehow from a lower...

I laughed when I read this opening description of a house for sale. It doesn't sound very appealing at all. Surely not the usual way to sell a house? "Entry Level Buying on this Busy Road in front of the Mobil Sure this home is not in the best location but..."

Hi all, From a borrowers point of view, what are the pros and cons of the following options, or is it all a much of a muchness and I'm just over thinking things? Option 1 - Use available PPOR equity by increasing loan to 80% LVR to fund IP purchase, then IP loan for the balance of IP...

I'm keeping an eye on a few properties and there were 2 I noticed that didn't sell at auction but the listing price is now higher! Eg. Property 1 Quoted price before auction: 320-350k Result: $315k passed in at auction New list price for sale: $360k Property 2 Quoted price before...

I spoke to my lender about accessing equity in my PPOR to use as a deposit for our first investment property. We're thinking of using equity to cover the 10% deposit plus stamp duty and other expenses. I was told that I could use a new loan (loan 2) for the deposit+costs (secured by PPOR)...

And below this it says "nginx/1.2.0" I've been getting this error message for a couple of days when I try to read some threads. I'm not sure if its a problem on my end or the forum? Not sure if this matters or not, but i like to open a new tab to view each topic.