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Hi, A few queries regarding deductions: I have a property that I am preparing to convert to a IP shortly. It's currently my PPOR and I received a stamp duty discount in VIC on the condition that it is not used as an IP for the first 12 months. This property has a bathroom that I have...

Hi, As per the thread title, can anyone recommend a property manager they have had success with around the Boronia area of Melbourne? Nearby areas also suitable would be Bayswater, Wantirna, Ringwood, Ferntree Gully. Thanks in advance.

Hi Dave. I rang the SRO and explained that I may be forced to move. Now as long as this is still my Principle Place of Residence, I.E. I am still living here the majority of time, then there is no problem. They also instructed that if I choose to rent the place out at any time before the...

Thanks for the information. I'll call the SRO and provide some feedback.

Early this year I purchased my first property in Victoria and obtained the 50% stamp duty discount. Now circumstances may force me to relocate interstate for work and if I do I may purchase another property to live in. My first home would then become an IP. Now since this would happen...

So the scheme I am looking at states this: The schedule to this zone may specify the requirements of:  Standards A3, A5, A10, A17 and A20 of Clause 54 of this scheme.  Standards B6, B8, B17, B28 and B32 of Clause 55 of this scheme. If a requirement is not specified in the schedule to...

Thanks for that. That clears things up. What they should have as titles for the columns would be "standard conditions" and "extra conditions".

It's not about the location, more about the wording of the Knox planning document and whether "none specified" refers to the standards themselves or extra requirements.

Hi All, Have purchased a property and it's within its cooling off period. I have a question when trying to decipher the planning scheme: https://www.knox.vic.gov.au/Files/MeetingsCouncil/2013_Item_6_5_App_C.pdf Page 112 has many standards listed in Section 2.0 "Requirements of Clause...

So a bidder would either direct deposit at the sale time or write a cheque?

Hi all, A few questions; If I am successful as a bidder at a auction when do i have to pay the deposit? Also when is settlement? I'm assuming these would be detailed in the contract of sale, which would be available before the auction? How do people transfer deposit? Bank cheque...

Hi Sean, 1: Finance amount does not worry me, but as I have not secured pre-approval, I did not want to put an offer in unless I covered myself. 2: Agreed, will use the financial clause. 3: Financial clause would not get me out of a deal unless the bank decided the property was not...

Thanks PT_Bear. So to clarify, if after say, 10 working days (or the timeframe specified) the finance fell through with the specified institution, I would lose only the 0.2% or $100 (which ever is larger)?

Thanks, If I break contract within the 3 business day "cooling off period" is it correct that I only lose 0.25% and the remaining deposit is returned? The reason I ask is that if a building inspection found major defects I would wish to break contract, but a inspection report during the...

Unfortunately only the S32 is attached, so I would either request the contract and get a lawyer to review then resubmit before Sunday, or sign a contract and review during cooling off period (if offer is accepted). I could always submit after the closing date and see if they are bluffing...

Thank you all. I appreciate it greatly. The real-estate agent sent through this statement in the email with the Section 32: ?If you would like me to assist you to purchase the property, we will need to book an appointment for you to come to my office and put your offer in writing. (In...

My wife inspected a property last night and it looked promising. Unfortunately I haven?t secured finance yet or applied for it (as I am in the process of moving interstate). I spoke to some banks last year and I know that the amount I will be applying for is well below the limit of one of our...

One partner works in Croydon, the other in Melbourne CBD. We'd love a house of our own but it seems houses, not units, that are affordable are way out in Chirnside park/Lilydale/Mooroolabark. I have around 100k saved and should be able to save about $50k again this year. So, my...

Can you please elaborate Rolf?

Hi All, Looking to buy my first home/IP so I have a lot of questions. This is for a house in Victoria. When organising the building inspection; if you plan to do it during the cooling off period after an accepted offer can your offer be unconditional? I.E. Is the offer "subject to a...