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Hi There I have a friend in a small country town in Victoria, and they know that there is a new subdivision being developed. In the first stage there will be one block only, between 3000 and 4000 sq metres. My friend lives next door to the proposed new block and actually bought his block 3...

Hi there If you paid land tax or landLord or building insurance can you calim 100% in year of payment or do you need to pro rata Thanks for any response Have a good day Kevin

Buying a 0.4 hectare vacant block of land zoned farming and received the Contract of Sale of Real Estate today. It is in Victoria. The land is currently used by one of the Vendors relatives to graze a few cattle. Seeking clarification about Part 1 of the contract Special Conditions 1 Security...

Hi there Buying a vacant 1 acre country block as a possible retirement home site. But odds are we will sell block in 4-5 years and hopefully make a slight capital gain after retiring somewhere else. But buying it at a good price. If I understand this correctly I should borrow the money for...

Hi there Looking at buying a vacant block of land in country Victoria. On the surface it seems a straight forward process. Is it a mistake to try and do the legal side of it yourself using a conveyancing kit? I have checked with council on overlays, and discussed council requirements about...

Hi there Thought I would ask the collective wisdom of the group on my attempt to purchase a lifestyle country block of land. It is a low demand market and land is a 1.6 hectare block 10 km out of the town in a good area and about 15 minutes from excellent beaches. Asking price 265000 and the...

Hi there Looking at buying a 1.6 hectare block of land in country Victoria, with the idea of a future retirement PPOR, or to sell the block in 5-6 years if our retirement plans change. it is a low demand market, but good blocks are in short supply. It is not possible to subdivide this...

Hi there Looking at buying a vacant, rural living zone block of land in country Victoria. On the surface it seems a straight forward process. Is it a mistake to try and do the legal side of it yourself using a conveyancing kit? If a kit is not good enough, then what can a solicitor offer...

Hi there I have a friend who sold his house subject to finance, and has bought another one subject to his sale. He has had 3 formal requests from buyers solicitors asking for an extension of time to arrange finance and after the 4th request he has declined. Naturally his pending purchase...

Hi there Thinking of my first subdivision project. We are looking at buying a country lifestyle 2.5 hectare block with house at front corner as a potential future PPOR. It is in country Victoria about 140 km from CBD, and zoned rural living. I don't want to maintain 2.5 hectares and the shire...

Hi there My wife and I have bought a retirement home near St Helens in Tasmania and we have no relatives or friends in Tasmania. St Helens is a small town of 1500 people. It is near the beach and has bush, mild climate, and national parks. While we both like the location and enjoy the...

Hi there We have a 25 year old house and are starting to renovate with the goal to sell in 2.5 years. House needs new floor coverings in lounge, family dining, and new floor covering in kitchen. We currently have carpet and we really like spotted gum solid flooring, but it is very expensive...

Hi there I have a good tenant who is looking to rent somewhere for 2-3 years, current lease is 1 year and expires mid Feb. I am happy to have tenant stay until end of 2016. This is in Tasmania and the property is at the more expensive part of rental price range, rental vacancy rates are...

Hi there I have a few minor questions, not sure if this should be in Accounting and Tax. I have a variable IP loan with 100% offset account Q1 I have an unpaid account for 985 for IP maintenance, and paid 600 in March 2013, for more IP maintenance ( may be classified as capital improvement...

Hi there I have a few minor questions, not sure if this should be in Accounting and Tax. I have a variable IP loan with 100% offset account Q1 I have an unpaid account for 985 for IP maintenance, and paid 600 in March 2013, for more IP maintenance ( may be classified as capital improvement...

Hi there Just out of interest I was dreaming of beachside properties and found one in NSW that has a house on 650 sq metre block and adjoining beach front holding of 8000+ sq metres as part of sale. Spoke with one of the local residents who thought it meant the house owners has a...

Hi there Asking this on behalf of my brother. He has recently purchased a 50 year old house in Sth Gippsland, about 180 Km from Melbourne, for 210000. Prior to leasing it out he has replaced a 15 year old electric hot water service with a gas hot water service, an electric kitchen stove...

Hi there Our PPOR is looking a bit dated, but in sound condition, built in 1988, 100 km from Melbourne in a growth corridoor. Summerhill pink bricks with some internal brickwalls, apricot fluff painted wall, and exposed cathedral beams, cedar ceiling and pine ceiling boards in living areas...

Hi there This is unfortunate , but I had two brothers as tenants and one died suddenly of a heart attack in hospital during a hip operation. The other tenant cannot afford to stay and pay the lease payments. The 12 month lease has 11 months to run and I have landlord insurance with Terri Scheer...

Hi there New to the investing leasing business, and am leasing our first investment property. It has no mains water and there are 2 * 20000 litre water tanks. Because of the drought the tanks are very low and the new tenants have asked that we pay for a water delivery to fill up the tanks. I...