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  1. K

    Termites in a strata complex

    Thanks for all the replies. I have tried to contact strata today by phone but nobody picked up, so sent an email and will chase it up in the morning. Hoping for the best, preparing for the worst. Have asked tenant to possibly catch one or take a photo of such against the glass. Cheers all.
  2. K

    Are photos normally taken when having a revaluation done?

    Getting my PPoR revalued after 1.5 years. The area has been in the top 10 growth suburbs according to various online resources. So looking to hopefully get a bit of additional equity to fund further purchases. Anyway, this as this is the first revaluation i've had done on a property. I just...
  3. K

    Termites in a strata complex

    Hey all, Tenant states they have spotted swarming termites outside at night time the last two nights as they have been attracted to the balcony lighting. I can't discredit this, having never seen them myself and I have never had to deal with termites myself. It could be just regular...
  4. K

    Nearly $400k growth in single property since May!

    Property in detail sold at auction for $1,015,000 http://www.realestate.com.au/property-house-nsw-hurstville-116869375 Owner is selling and wants $1,400,000 http://www.domain.com.au/property/for-sale/house/nsw/hurstville/?adid=2011452117&sp=11 Someone on here? Even used the same photos...
  5. K

    Western Sydney OTP

    Is this the Fairfield West development? That project is being built but hasn't been released yet. Already 50+ have paid the $5k and completed the EOI reservation form. 95% of them are Asian from what I saw. Ground floor unit, 1 bedroom has a price of $395k. Most are two bedders ranging...
  6. K

    Your top 3 reads related to investing

    What are your top 3 essential reads related to investing. Can be residential or other. Whether it be a motivatiknal book, an in depth look at growth factors, tax information, etc. Why those three? Would these be your recommendations to the investor just stating out or yet to? If not what are...
  7. K

    Who is paying 360k+ for an OTP in Adelaide CBD?

    This is for a 1 bedroom unit. You can get an existing 2 bedroom unit for around that price. You can get a Townhouse with 5km or the CBD and a freestanding house with 10km. Obviously people are paying these prices, otherwise development would not go ahead, but why? Is there something I am...
  8. K

    Which type of tradesperson to hire?

    We've purchased a place and I'm just want to ask what tradespeople we need to hire to do the following: - Paint ceiling, floors, mainly and possibly a few touch ups on the doors, etc - Replace carpet to timber / floating floorboards - Replace rangehood (it is ducted) - Fix a blocked burner on a...
  9. K

    Leaking shower recess...

    There is the possibility that we will renovate in the next couple of years once we settle into the mortgage. Although as with everything, plans may change. Paying that extra $500-800 (x2) now may mean we can put renovations off longer and use that money to invest in other properties, etc...
  10. K

    Leaking shower recess...

    Got a building and pest done and it has been highlighted as such: It has been suggested that Megasealed or DiaOseal will be sufficient to correct this by inspector. Want to know if such a correction will actually be sufficient? Was told that the probability of it being a leaking pipe or...
  11. K

    Explanation of this contract amendment

    Original 14.4 The parties must adjust the land tax for the year current at the adjustment date - 14.4.1 only if land tax has been paid or is payable for the year (whether by the vendor or by a predecessor in title) and this contract says that land tax is adjustable 14.4.2 by adjusting the...
  12. K

    Am I getting screwed around with? Do I need to worry?

    Thank you for all the responses. Good to see we have not technically exchanged yet and as such we can perform our due diligence and if needing to rescind pull out and get our 0.25% back, I assume. I should have consulted a property lawyer. Especially for our first purchase, in what is...
  13. K

    Am I getting screwed around with? Do I need to worry?

    Additionally in the text message that REA sent to me on Friday she stated that a colleague's client offered $430k later that afternoon but as we had made on offer for the property first and put down the 0.25% deposit, that we would proceed and that the colleague's client would be placed on...
  14. K

    Am I getting screwed around with? Do I need to worry?

    Ok. In response to your questions. I only just noticed that there was no date on the contract. This conveyancer comes recommended from a friend who has purchased 8 properties with him/her. I did not know of such a reputation until actually dealing with said conveyancer. An old colleague who...
  15. K

    Am I getting screwed around with? Do I need to worry?

    I'm really confused here. Have we a bad decision? Are we in a cooling off period? I think not but there seems to be some conflicts. Ok so my wife and I like this property and we made an offer by email to the REA. We offered 417k, was told vendor wanted 430k. We counter offered with 420k...
  16. K

    Changing lenders after preapproval?

    Ok thanks. Sorry, first home purchase and all.
  17. K

    Changing lenders after preapproval?

    So we've got a preapproval from St George for $700k. We have $200k saved already and have just made an offer for a place of $620k which has been verbally accepted. We pay our 0.25% holding deposit and arrange a building and pest, strata report, solicitor has given an okay on conditions of...
  18. K

    Where to buy the family home?

    Bexley. Eastwood. Berala. Main roads in select areas scattered over the inner west if lucky.
  19. K

    Anyone House Hunting this W/end

    Yerp. Went to auction today on the property my wife and I wanted to purchase. Property went for $611k, listed as price guide over $500k. -_- 2 bedroom unit built in 1997. Low strata, but only $2600 in the sinking fund. One special levy raised in 2007, but that's all. New units in the...
  20. K

    Help... Put in an offer today on a property

    Three bedroom townhouse listed on domain as Offers over $745,000. My partner and I are looking to buy our first property and we've only just started to go out and inspect properties this past month and a half. We really do like the property from what we saw. So we put in a verbal offer of...
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