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I've been to two auctions recently where the auctioneer 'persuaded' the holder of the highest bid to raise their bid (against themselves) to put the house on the market. At auction yesterday a 3bed 1 bath renovator reached 340K. The auctioneer then paused the auction for 'vendor instructions'...

We rented a 4 bed 2 bath IP to a couple who signed an 18 month lease. The lease agreement says all occupants of house must be vetted by PM. It is a standard ressi lease. From the outset I questioned why there were always three cars outside. Tenants consistently deny subletting and said they...

Couple of questions - for wardrobe space in IP would you have wardrobes built by a cabinetmaker or buy from say ikea and have them installed? Second - how much of a drama is it to replace a kitchen worktop - would you go to a kitchen company or use a tradie? Wold you need a plumber as well to...

Just wondered, for my own education Property came on the market 2 days ago. Wife offered on our behalf full asking price and no finance clause. Vendors mysteriosly 'on flight to singapore' and uncontactable. Meanwhile agent shoveling other parties through. Agent comes back to her last night...

Is it just my computer or have they disappeared??

As a recent newcomer to property investment I would appreciate the thoughts of the more experienced players on reno's replacements and repairs. This may sit better in the tax section but I thought the value adders in this section would have gone through this scenario. I understand that a...

Heard about the Gold Coast TAFE property investment course at Brisbane Property Expo today. Has anyone here done it? It costs $1795 (one night a week for 20 weeks, plus a few Saturdays) $1795 would buy a lot of books....

Sorry if this has no doubt been covered before but I haven't found the search function too helpful for this. Could someone please post a short executive summary on the tax and financial issues of buying a property for holiday rental, and the implications of using the property yourself when it is...

Looks like Neil Jenman has deconstructed ol' Hans Jakobi's Property Secrets Course: http://www.jenman.com.au/NewsArticles1.php?id=207 Hans gave him a free review copy and he annihilated it..... Now, what to do with that $3,497 he has just saved me :D

I'm new to all this and have just bought 2 IPs. 1 is about 19 years old, the other I would guess about 10 years older. I'm interested to learn what other people do when they get a new IP re depreciation. I mentioned getting a QS to look at the place to my accountant and his response was "there's...

I don't know whether this should be here or in the tax section. How does anyone go about ascertaining the build date of a property? Or the builder? I have tried the council (Brisbane) and they say they don't keep that information. I am sure many people here have been through this re depreciation...

I'm confused re my potential tax situation with regard to an IP purchase, as I have been given conflicting views. My wife and I own our PPOR in joint names. We have a LOC facility secured against this property, currently with nothing drawn down. I want to buy an IP, and as the higher rate...

A little help for a newbie please. We have in our sights as an IP a house that the owners have fully renovated after buying it at the top of the boom and have probably overcapitalised. The house and yard are beautifully presented and are low maintenance. Buyers are put off this property (I...