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Which suburbs in the City of Joondalup, please?

Sorry Guys, completely forgot about it (did not insert a reminder on my phone). Hopefully, next time. Cheers, Lizard King

I'm in, looking forward to meet some local yokels who are on the same bandwidth. Nobody here gets out alive! (said, Jim Morrison)

Yes, in WA Went with CBA, they are our bankers and all properties are with them. An email was sent to me about the extension.

Can someone help me here? We made an Offer to purchase a Display Home. CBA knocked back the finance, as they do not lend against display homes if it is in a Display Village. 'Black and White Policy'', I am advised. The Builder granted us an extension, thought it went through my...

This is not entirely true. It depends on (1) the by-laws of the Strata Company, and (2) what the premises has been licenced for. The latter is issued by your local Shire. On reading the Strata Mnager's Memo, I think they are valid points. Lliving in a holiday resort could be cheaper...

Rate Lock Hi Dan Did get the rate lock in. Cost $450. I asked for it. Cheers, Lizard King

Service Delivery Levels Hi Dan and Alex Lee I agree that courtesy and communication are essential skills to conduct 'good' business. It is, at least to me. I have been renting a couple of our units out this week and as expected, when a tenanat makes and appointment to inspect the unit...

Integrity of a MB Hi Folks I have recently used a MB for the purchase of my daughters First Home (Relocated from Canberra). I was a tad frustrated with his slackness as to keeping me innformed what was going on - the rates we were locking, time/turnaround, docs to sign - and most...

Negotiations on Daughter's PPOR Well, here is my story from a recent negotiation. Acting 'on behalf' of my daughter who has relocated from the ACT (given the apartment we bought for her there in Feb this year to a PM to manage) we have just purchased a 1BR apartment down the Terrace in East...

Property Valuations All this growth over the year is nice and all that....but how have you arrived at these growth figures? Are they reflected by the median prices in that area, recent REA Appraisals or recent valuations done by sworn valuers? It is only when yuo go to sell that you know...

It Could be Different in The West Hi There I gather all this doom and gloom is about property prices and a looming recession Over East? Out here in The West it is full throttle; trying to get a One Bedder for our daughter who has just relocated from the ACT. (We bought a unit for her...

Mitigate Losses Bear in mind that you have to mitigate losses for the tenant. a) You cannot raise the rent for a new tenant - you have to advertise at the same rent; and b) make the utmost and best effort to get a new tenant asap. Lizard King

Developer Signed Contract Hi Azmi The Developers have already signed the contract. There was a 3 day Cooling Period, but I did not get the contract till 10 days after it was signed by the Developer ('Photocopying problems'). I was not 'aware' the Developer had signed. Ausprop -comments...

D Day is 22 September 2007 Hi Aimy Thank you for taking time to reply to my queries. D Day is 22 September 2007, when I have to cough up the deposit. In this instance, the bank does not have to lie, as the fact remains that they cannot fund a project/property that has a sunset clause...

Deposit can be Varied HomeGirl The deposit can be 10% or less. This is paid at exchange of Contracts. By law you have a 5-Day Cooling Period on the Contract, though some solicitors give in to REAs demand of waiving this condition. Deposit Bonds do cost you a fair bit. Can you not...

How Do I Back Off? OK. After giving careful consideration to this OTP purchase, I am thinking of 'backing off'. How does one back off a Contract? The Contract is, 'Subject to Finance'. Does this mean finance for the whole deal or simply the deposit? Can I get my bank to write me a...

Risk is Buying OTP Thanks, Aimy and Ahamed for your really great insight into OTP Risk Management. Will consider and let you know 'the outcome'. Really appreciate your time.:) Lizard King

OTP Buying Thanks Pablo, Ausprop I can certainly hear what you are saying and take it on board. I think I need to do the number crunching thoroughly and link them to risks and an escape Plan B. A REA I am dealing with in one oc our props says when buying OTP, consider you will settle and...