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  1. Q

    help needed regarding LMI refund

    Hi somersofters I have settled on a house recently 21 days ago and paid lmi having only 10% deposit with CBA I have only found out and confirmes with ANZ that they offer 90% loans with no lmi. I am a health professiobal Now the lmi paid is $15000 so a fair whack Is there anyone who knows if...
  2. Q

    Tenant demands: asbestos and other demands

    Hi Somersofters, I have recently bought an IP in Reservoir and have luckily rented it out. The place was rented through a REA with a tenant with supposedly good references. Since moving in two weeks ago there have been a few demands relayed from property manager 1. The tenant has...
  3. Q

    Converting IP to PPOR

    Hi There have been many topics covering converting PPOR to IP but I would like to know if I can convert an IP into a PPOR for tax purposes For the loan I have looked to have it initially rented for a period but then will look to have it become our PPOR. I would like to live in it and...
  4. Q

    Preparing house for new tenant concrete house

    Hi there I am finally getting possession of my new IP in reservoir tomorrow. It is an older style concrete commision style house so am eager to complete so cleaning to get it up to scratch I would like any advice from people who have pressure cleaned or used sugar soap to clean...
  5. Q

    Settlement without stamp duty

    We are looking to settle a property in April but the banks have said we need the stamp duty as we will go over LVR if they pay for it My questions is can the house settle without the stamp duty? Will settlement crash if I do not have the stamp duty ready in the bank or can the bank not...
  6. Q

    Reservoit Victoria

    Hi Forum Reservoir is an area I know of and is a very big area with subsections 1. Area west of gilbert near the lake 2. Up near thomastown mcmahons keon park ruthven 3. Area near broadway and reservoir station 4. North or broadway east of cheddar 5. In are close to preston heidelberg...
  7. Q

    DA in brisbane expiry and renewal

    Hi I am looking at a property that has an existing DA for units It is dated 11th Sept 2011. I think I have seen somewhere fleetingly that it is 4 years Is it easy to get renewals and can renewals be ongoing or is there only one renewal allowed? Thanks in advance
  8. Q

    Springvale: IP good and bad areas

    Hi forum, wanting to know about your views on IP's or investments in Springvale Vic Springvale has undergone great growth in last year and wanting to know your views on how you feel it will go? What are the better areas: I am seeing big differences in prices between close to shops/south of...
  9. Q

    Help with townplanning NSW zoned R4

    Hi Everyone, Looking for people with experience in town planning in nsw I am looking at a prospective house on a block zoned high density (4R) but the block is 447 sq m. My question is can I look to develop or is there a minimum lot size needed to build apartments/other dwelling. The...
  10. Q

    When does contract date start and when does clause end?

    If a contract date falls on the 14th February 2015 (a saturday) does the building and pest clause (7 days) finish on the saturday 21st February 2015 or the next business day Monday 23rd 2015. Thanks I have read this but want to triple check so not to go unconditional if before I can finish...
  11. Q

    Update Nundah

    Update on my purchase in nundah So as thought the pest and building for a property in nundah came back way not flash There are issues with the ceiling, leaking bathroom, pipe issues and some deteriorating wood. The inspector has said he would not touch the house. He says even $70000 wouldn't...
  12. Q

    New property thoughts? nundah

    Hi Somersoft Am in the process of buying a new property in nundah brisbane. It is a property on a smallish block but in an area with good yield and is at below market value. An issue though are finding out throught the BCC that there is an easement on the property that is stormwater...
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