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I signed a 12 month lease about 18 months ago. There was a rent increase after 12 months but I didn't sign a new lease. If I leave now does am I bound into a lease or not? Planning to move back to old ppor as tenants lease runs out next month.

We are looking at selling our car and upgrading. I'm after some advice on financing. Here are the details: $20k cash in bank $20k purchase price $10k current value of car I want to buy the new car then sell the old car. I'm looking to finance the new car for $10k then pay it out with...

Has anyone built a granny flat in Newcastle at all? More specifically the Wallsend/Jesmond area? What was the reval on the property like upon completion? Is this an area where purchase price+construction costs= close to reval or is the valuation lower/higher? From looking on here there seems...

I have an old rusty roof on an IP that is currently leaking internally in a number of spots. The whole roof needs replacing according to a couple of roofers I've had out there. Can I deduct this cost or does it have to be depreciated? My understanding is that a small repair can be deducted but...

We have tenants due to move into our IP on Monday (our old PPOR). The dishwasher has never worked since we've been there but the PM says we need to get it fixed. We had a guy over to look at it and he says it's blown up and needs replacing. By law, do we need to have it replaced and working? We...

We've just moved out of our PPOR and currently have it listed for rent. Couple of questions - 1. Should I open up a bank account for incoming rent? 2. I want to pay all rates/maintenance etc on my amex to claim the points. Will this stuff up the deductions at all? What is the best way to...

how does having your net assets spread across different classes impact your borrowing capacity? what class would be the most ideal ? eg 50k cash 50k shares v 100k shares v 100k property etc

My MIL is looking at purchasing a new PPOR on a couple of acres to start an animal husbandry business (dogs). What she requires is a new shed on the property to get her going and some new temporary fencing. How does the process differ for applying for a DA for a business premises with a new...

I have a platinum cc with cba. Mrs w has a bad habit of buying things (mainly clothes and shoes) only to get home and want to return it. just wondering if the points that get racked up on purchases are deducted when an item is returned?. I assume it would but on the statement it just shows up...

My cousin HATES her in laws. The in laws have an ip they want to lease to her + hubby + bub through a rea. She is stoked she can now only have them over as ll's every few months and not every week as gp's. How can you draw the line at the difference between the two? Has anyone experienced a...

Evening all, just wondering if anyone can recommend a decent pest mob in Newcastle. Cheers

Leading on from this thread http://somersoft.com/forums/showthread.php?t=83381 If you have cad drawings in pdf format and can't get a hold of the dwg copies for whatever reason there is a solution. http://inkscape.org/download/?lang=en Once opened simply drag and drop your pdf onto...

what is this taking over someones loan when they are in arrears business ? A friend did some course by a solicitor (dominique someone I think) where she targets people defaulting amd takes over their loan. Is this possible/legal in aus? Amd can someone explain how it works ?

I'm having a read of the difference between the two and understand the benefit of paying fortnightly. But does this matter if you are paying interest only? Is there still a benefit if my goal is to pay IO on my PPOR and move out in the near future, lease old PPOR and claim full tax deduction on...

I'm doing a bit of forward planning on our next ppor move. I'm looking for some thoughts on maximising the benefits in terms of a $ value. Here are my thoughts on value adding to the move: 1. Find a house on a developable block, build new home and subdivide. 2. Move from Newcastle LGA to Lake...

If you have a dual occ block with 2 dwellings and propose to put a 3rd on then subdivide, can you gain approval if your da includes the subdivision as well? Essentially turning 1 block with 2 houses into 2 blocks - 1 with 1 house and the other block with 2 houses/dwellings?

I saw this link pop up on my fb news feed by TR: http://www.propertyobserver.com.au/residential/banner-wavers-need-not-be-hysterical-as-an-aldi-is-not-going-to-de-value-house-prices-terry-ryder/2012092556780/Page-1 What do you all think? I think Aldi is fine - very good value. Aldi is a...

I've been checking out a small local development every now and then when I drive past and also follow it on nearmap. The lot is 1100m^2 with an existing house roughly 140m^2 on it. The block has a 15.5m frontage and is around 71m deep. The development consists of 2 new detached dwellings at the...

Any forum folk out there competing in any of the :mad:Tough Mudder:mad: events coming up? I'm heading to the Sydney one in a few weeks. I've managed to get on the bike to work about 3-4 days a week for about 13km trip one way. A few beach runs during lunch with plenty of push ups/sit...

So it's Friday and I thought I'd give this one a whirl... What do you think would happen to property prices if (when?!?!?:confused:) teleporters were invented? I've bored my poor darling with this question before and I am still kind of stumped. Lets say you could now get from your front door...