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  1. melbinman

    Selling Central Coast IP: agents commission

    Thanks all.. for your input. :) Yes, Spades, I'll PM you the link to the listing once it goes up.
  2. melbinman

    Selling Central Coast IP: agents commission

    Hi all. I'm about to put my late Mum's Woy Woy villa (bought from her a few years back, before the recent 'mini boom') on the market. I've been quoted a selling commission rate of 2.2% by my managing agent, reduced from their standard 2.75% 'in view of your established connection with our...
  3. melbinman

    Reasonable property management charges

    Silly me! Just had another look at the agrmt; it's actually a leasing fee of one week's rent (not month's), or 2 weeks for a 12 month lease....d'oh!:o Still a bit high for the standard 12 mth lease so I might negotiate for a bonus of $50 if they get more than a six monther. Thanks for your...
  4. melbinman

    20% deposit and tax deductibility

    Borrowing deposit from Mother as vendor Hi there I've recently bought my mum's villa on Central Coast NSW (she's moved into a nursing home) with 80% finance from bank. The 20% deposit has been lent to me by her (ie at settlement she only gets what the bank is advancing). This is documented...
  5. melbinman

    Reasonable property management charges

    Management fee of 7.7%: fair? Hi all Have just bought (from my mother, now in a retirement village) a villa in sunny Woy Woy NSW. Local agent has quoted me a mgmt fee of 7.7% plus $7.70 per month admin fee (expected rent $350 pw). Is this the going rate? :confused: Also quoting a leasing fee...
  6. melbinman

    Buying off the landlord

    Hi all I'm a newbie to the Forum and indeed to the property game :D . I have a query that I hope one of you may be able to answer. My wife & I are currently renting a nice little weatherboard house in Melbourne and have done so for 5 years. We really like the place and are thinking of putting a...
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