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    Just settled on another Marrickville flat

    Nice buy! I actually saw this and was considering going to the open, but needed to sort out a PPOR first. Just on that, for cheaper units like this do you bother with other DD? Inspection, strata report etc? Assume you had to sign without cooling-off too?
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    Negative Gearing

    None of this makes any sense to me, as a FHB. In the past 6 months it seems 50% of buyers in the FHB market are investors. I would imagine this wouldn't be so bad in the sydney house range once prices reach 700k-800k+ Unfortunately not many FHB fall into this bracket. You say your tenants are...
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    Sell townhouse & then rent back...what are the chances?

    I've recently seen a few 'investor only' sales recently. Or By negotiation for the very reason you describe. Without luck, they'd likely expect an incentive of a slightly lower price also.
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    Due diligence in purchasing a property in Syd

    Do people always get the B+P even for 500-600k apartments? Seems like in general it's the strata report thats key. Last one I did had a likely incoming 20k levy. Funny, in the contract my solicitor asked if they knew about any incoming levies and the reply was 'not to the vendors knowledge'...
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    Due diligence in purchasing a property in Syd

    Having just lost 1.2k in DD from an auction which I won, that passed in...I was wondering the above too.
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    Retirement property planning

    Renting is not an option. Even a 1br apartment would work, albeit close to transport. Minimal living expenses as shes not a world tour person. Pension plus additional super savings on top of the lump sum. Lump sum will be available mid yr, so a total of 520k in available funds (120k being...
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    Retirement property planning

    So after some bad information from mums super accountant, i thought id get some general ideas here. Sometimes, the collective input from knowledgeable members can often be better then some pros. Going by past health/car issues haha. Situation is my single parent mum is about to retire in 2...
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    First home buyers grant loss

    The 'not living in it part' - does that mean if the off the plan building takes 1.5 years to build, you cannot live in your 'IP' till that date?
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    Understand the math ~ Diet vs Exercise

    Didn't read the entire thread so I don't know if weight training has been mentioned. Doesn't work for all, and possibly more suited to people who don't need to lose alot, but maintain without dieting. ie. me. After gaining a bit of muscle I can now eat without worrying too much with dieting...
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    First home buyers grant loss

    sumterrence, you are right on the mark. She is close to retirement age and once that happens, will lumpsum a large portion of the super into the property for that very reason. I am only contributing as due to age etc, she cannot get enough of a loan, or foot the the deposit in entirety now. So...
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    First home buyers grant loss

    Yeah that's what I thought. Looks like I have no way around this.
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    First home buyers grant loss

    Is the guarantor part dependent on the loan, or the contract/title of the property? Happy to leave it in her name alone. I will be living in it for the short term. I mean losing the opportunity of the grant by the above loan. The bulk of my deposit savings will be gone, thus the only 2...
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    First home buyers grant loss

    Hi guys, I've read tons about this but still not sure about one fine detail - what is it, exactly, that makes you lose this grant? I am in a position where i need to help mum take out a loan to buy either persons first property. The loan will be under both our names. In doing this, have I...
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    Underquoting and jaded buyers

    Heres my example which passed in at auction last weekend. -Apartment advertised for 'over 550' 3-4 weeks ago - changed to 'price guide on request' the morning after the bresicwhitney court thing happened - I 'won' the auction at 675, but it seems the owners wanted 720k+ as reserve Agents...
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