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I on one occasion had an REA say this to me, but I persisted with the offer and forced the REA to deliver my offer. To my suprise (and I strongly suspect his too, since an REA just wants to do the transaction after all) the vendor had a change of heart and accepted my offer. So I do take REA...

What are you going to do if you don't get that written lease? As far as I can tell, the only reason to demand it is if you plan to crash the contract or claim material information to your detriment was not disclosed and try to reduce the price before settlement. If you plan to settle anyhow...

If you are renting by the room, then it is a rooming house situation and there will be one lease per room. To capture the premium you need to add the value. Note that there are requirements for rooming houses over and above standard residential tenancies and they differ by state. (for...

If it is a single lease, then I don't see how a group is any different from a family except that the potential for it to self-destruct is greater. (but I have also had cases where things were very stable because the group evolved over time but kept leasing continuously.) I've never heard of...

For my IPs I mostly use Wayne Jacobsen plumbing, sometimes Conrad Martens. Been using them both for 15 years and have no cause to complain except that plumbing is expensive. A couple of times I have looked elsewhere when I thought a quote was too expensive but in the end even if I could get a...

It happens all the time around universities. The key is that you move to rooming agreements where there is a separate lease for each room. Tenants are responsible individually for their own rent, not jointly and severally for the whole lot. That is worth something to them.

At the very least you need a water source you can get a big bucket under. A big deep sink is a great solution for that. A bathtub or even a shower with an ordinary tap in it can suffice. As for the old laundry trough, it ceased to become a necessity with the advent of the automatic washing...

I agree. The corollary to owners having less control over their assets once rented out is that they will need higher compensation in order to enter that agreement. From a renter's point of view it is a trade-off. I lived for a couple of years in Germany, which is always touted as the gold...

I'm not going to go over the arguments made in the affordable housing report, since (a) you can read them for yourself and (b) I don't necessarily agree with them anyhow. If it is in fact the case I would see the factors promoting increased security of tenure in an environment where...

Quarantining rental losses would certainly raise barriers to entry for small-time investors and to some extent favour institutional investors. Also, since effective tax on rental property would be somewhat higher, it is bound at some point result in somewhat higher rents. Some are touting...

It's true. Auction clearances pretty-much don't mean jack in Brisbane. Relatively few properties even go to auction, and most get passed in anyhow. I do take a mild interest when I start to see properties of a kind that rarely go to auction start having an auctions announced in any quantity.

I would be asking for the timeline and set of steps for getting my money back. I would not be saying anything that even suggests not getting the money back is a possibility, but the plan of action could be the result of a negotiation. i.e. "When can I expect the money to be refunded to my...

^^^^^^^^^^^^^^^^THIS. It all comes down to a combination of LVR and DSR and you cannot decide what LVR is safe until you know your DSR under a stress test. If you can always service the debt even at 10%+, have no LVR covenants, then LVR becomes almost irrelevant as a risk factor.

As far as anyone knows, being close to HV transmission lines causes no health effects - negative or positive. This is a very good thing, because the exposure to extra low frequency electromagnetic fields (ELF EMF) from sitting in an average living room is almost the same as what you get from...

Indeed you would. That would make the effective rate of CGT in Australia about 44%, way above the OECD average of about 18%. Right now it is about 22% for residents, which is above average but in the middle of the pack. I am also a non-resident. I didn't sell, but only because I intend to...

I think you are absolutely right. Recently I tried to explain to someone that it is impossible to get depreciation deductions except in respect of an expense that you *have already incurred* and it was like talking to a brick wall. The fact that the tax man claws half of capital works deductions...

Have never paid above asking price. Have paid exactly asking price a couple of times. In the future I might pay above asking price if I had to and at that price it was still the best option I was looking at. Unlikely perhaps, but definitely possible.

If the calculation is "before investing", then it depends on what you are doing the calculation for. If I am doing a calculation to find out my actual financial position after investing, then it will be after I have decided which of the investment choices has the best return, and I will go into...

I guess it might be possible to write by-laws that forbid it, but I have never seen any that did. As an owner you can usually give whomever you wish access to your property under any arrangement you like. In St. Lucia people are renting covered carparks for up to $50/week if they are within...

That's not what you posted in the OP. It says supply of a new switch and attaching to wiring. That's a sparky's job and rightly so. get it wrong and things will be "live" even when the light is supposed to be off.