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  1. M

    Best strata management in Sydney?

    I think strata managers are good as long as there is no problem in the building and no disputes. My building uses Whelan Property Group, but I do not share same opinion as DaveM. We had building defects issues, cleaner issues, garbage issues and so many problems that were started by the...
  2. M

    To add a name to the contract or not?

    Thanks Terry and Paul. My husband and I have problems borrowing money because we are at the lower end of income even though we are good savers. We do not have a lot of prospect of earning more than $150K combined gross in the near future and we will on average earn about $100K combined...
  3. M

    To add a name to the contract or not?

    I made an offer on a property over the weekend and the contract is now with my solicitor. My brother and I have agreed that we would go 50:50 on the property like we did about 5 years ago. The property is $650K. However, from financing point of view, I need to know whether it is best to add...
  4. M

    fengshui and property??

    I personally didn't believe in Feng Shui until I experienced a drastic change of luck when I changed the layout of my bedroom when I was having a really hard time. As soon as I changed the layout things started to change for me. So from that point onwards I do take certain things into...
  5. M

    business ownership

    Xenia I am no expert here, but I did transfer the structure of the ownership from sole trader to partnership and then to a company structure. I don't know whether I did it properly but I did a few things: 1) Obtained company painter's licence (Fair Trading). Each time the licencee was...
  6. M

    What are you grateful for?

    I experienced gratefulness when my brother was diagnosed and cured of cancer in Australia. He was first diagnosed of renal cancer and then lung cancer and is now cancer free. If it had been in the country where we were originally from, where we have relatives who are specialists and doctors...
  7. M

    OTP good stories and horror stories

    Bought off the plan in 2007 and settled in 2009. Don't know whether to be happy or not but to give you a full picture: 1. It has gone up at least $200K since purchase. 2. Rental return is $680 per week- purchase price is $500K 3. High strata due to building issues- and extra in special...
  8. M

    Buying a business to get a visa?

    I think there are two visa categories that they can apply PR in Australia. 457 and business investment visa. You have to be sponsored on a 457 visa by an approved business and if you invest over a certain amount of $$$ you can also apply for PR. Check out the immigration website or...
  9. M

    Building Defects and Garbage Collection.

    Thanks very much for all the replies. The garbage was not collected again after I emailed him last week about getting the remainder of defects fixed. I got back the usual reply of "I will fix it but can you give me the list again?" I live in a block of townhouses (4 dwellings), and the...
  10. M

    Building Defects and Garbage Collection.

    I bought a new property where the contract stated that I have 90 days to notify the builder of any defects. I got a building report and served that together with other defects on the builder. He wasn't happy when I served the building report and screamed at me over the phone for...
  11. M

    Mortgages in Korea

    Probably not. So the best thing is what we did. Got the loan (very easy to get 70-80% lend, no proof of income required) and signed the lease which stipulated that all the mortgage be paid off. So we got the money and paid the mortgage off(took the mortgage off the title) and registered...
  12. M

    Mortgages in Korea

    In Korea there is also a lot of demand for "jeonse" because people don't necessarily want to buy properties in the areas close to their jobs. For example, my uncle bought a property in Seoul but lived in Daejeon renting for about 20 years because of his job. Another uncle works in the...
  13. M

    Mortgages in Korea

    This is a very common agreement in Korea and it is called "jeonse" and you register your interest as "seipja" in the land titles office. Unless the landlord returns the money you don't sign the papers to take the 'seipja' off the title and you can stay there until you get your money returned. I...
  14. M

    Mortgages in Korea

    My property is in Gyeongsan, very close to Daegu which is about 400Km from Seoul. There was a hike in the property price when new subway station got built 2 years after our purchase. I am not sure whether you can find information in English. There is a government site where I visit...
  15. M

    Mortgages in Korea

    I would think that you would need to be in Korea and have an alien registration number. Without the registration number no bank will lend you any form of money in Korea. As long as you have the alien registration number and you have property in your name it is easy to borrow from the banks. No...
  16. M

    Painting over dark green gloss bathroom tiles

    You wouldn't be able to use normal paint over the tiles. You will have to use tile paint or etching primer(undercoat) and then paint them over with normal paint. If you use White Knight product the range of colour may be limited.
  17. M

    Property Manager-Kensington,Sydney

    There are a few real estate agents along Anzac Parade in Kensington to Kingsford.
  18. M

    Got my Australian Citizenship today

    I think for me it was more for practical reasons that I applied for Aussie citizenship as I had to relinquish my original citizenship. 1. I had to apply for re-entry visa into Australia every 5 years. If the period lapsed while I was in Australia it would be very difficult for me to regain...
  19. M

    Cloud Based Accounting

    I use SAASU for my accounting. Haven't tried any other but have heard that it's similar to XERO and slightly cheaper monthly fee. I like using SAASU- bank feeds, invoicing, (can use stock inventory but I don't use it), works out Super, Payroll etc. What I like is that I see how much...
  20. M

    Did you overextend yourself buying 1st IP - Importance of Buffer

    Congratulations Alex. I think you have come a long way in terms of your investment value and your experience. I don't know much about WA or Perth market, so can't give you any advice in that respect, but keep doing the research until you feel it's right.
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