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What is the general consensus on Seaford. The shopping strip is a bit tired but do you think this area will be up and coming with all the sea change moves happening lately? This could be the cheapest way for us to move near the water and not be too far from Melbourne but do you think there...

Thanks Kristine Your information is welcomed. My Mother's unit is owned by a couple who do not own any of the other units so there must be a body corporate. I will check her lease re the maintenance of the garden outside and I will also check the letterboxes etc for the body corporate...

My Mother rents a unit in a block of 8 in Victoria. We asked the agent if the body corporate was in charge of the common areas in the front of the units and was told that there was no body corporate. Can anyone tell me if this could be legal as I was under the impression that if there were...

I'm 55 husband 57 Exec. Assist and he is in sales Sal: $43k and $60k Our own PPOR still has small mortgage. Purchased first invest. property 3 years ago. Second IP 3 months ago and itching to buy another within the next 6 months. Want 5 by June 2005.:p :D

Variation Form thanks Will1 That was the form I was after. When all else fails, it's great to know you can count on this website to find anything you need. Thank you all for your replies. I'm going to have a go at filling it out for myself and will take the advice of under estimating...

Can you tell me where to obtain a Variation to income tax form. I wish to use this to claim back my last investment property expenses against my tax Thanks

The equity we have in our PPR here in Melbourne is about 120,000 and probably only $20,000 in 1 T/H as I am a tenant in common with my children and we have redrawn the current equity for them to purchase their own houses. The other IP is just going through settlement at the moment so we...

I should have mentioned that we have 2 IP's at the moment. [Merged threads to retain the flow - Les]

What are your thoughts out there re selling our PPR, paying back our small mortgage and renting ourselves so that we have more money to purchase IP's. We accomplish 1. Get rid of the endless gardening 2. Live in a suburb we cannot afford to buy in 3. Get closer to our goal of owning 5...

I am a tenant in common with my two children. We have had a townhouse in Melbourne for the last 2 1/2 years. The loan is a P&I one. If I were to buy them out, what would be the most favourable way of doing it. We have recently had the property revalued and the capital gains has been...

On the property we have just purchased in Qld, our lending authority has organised two loans, one for 80% cost of the investment which requires us to pay a mortgage guarantee and the rest against our PPR for $40,000 odd more than we need as we will be purchasing another property in another 6...

QS Many thanks for your replies - I've read that Deppro is pretty slow and doesn't convey their report to you for at least 4 weeks and deducts the amount from your Visa immediately - can anyone verify or recommend anyone else?

We have just purchased a 5yo townhouse in a suburb of Qld. Would it be a good idea to have a Quantity Surveyor go over it and prepare a depreciation schedule for us. Is the building still depreciable as its over 5 yo? If the answere is yes, can anyone recommend one in the SE area.

Property Seminar " It has come to my attention that there are property developers by the name of Danny Assabgy and Paul Hanna (NOT ME) running property seminars around Australia. " This quote was found on Paul Hanna's web site. This is the seminar that my friends have gone to today...

I would be very interested in your thoughts re Townhouses in Woodridge. Property values are very low - returns seem good. This area has not had a good name to date but I have been told that a lot of government rentals were there and most have been bought up by developers. The area is well...

Pushy real estate agents Thanks everyone for your replies. I was asking on behalf of friends who were buying another IP. I thought it was 3 clear days too, just wanted to make sure.:p

Can anyone tell me if the cooling off period of 3 days in Victoria is only on week days (weekends not counted) i.e. if you sign up on Friday, do you have until Wednesday to cool off.

Parkwood/Robina Thanks Bundy for the comments. We had a look at Parkwood and its a nice central neighbourhood, close to golf course, shops etc. We'll investigate that area a little more next time and probably Robina - will research Varsity Lakes - haven't heard of that. Being near the...

A friend told me she and her mother were embarking on property seminar to be held in Sydney soon which lasts for 5 days and is run by 2 brothers. The cost was $4,000 for the first person, $2,000 for the second. This seems like a lot of money to me. Do you think its worth the investment and...

4208 Thanks for the info Marge. To us in Victoria the prices are good there and we are hoping for +ve cash flow in the area. Know the area is still sleepy hollow but feel with all the building going on that it will go forward in the future.