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If it helps, I've got some quotes around $30 per square meter for new carpet (synthetic) laid, including underlay. They charge about $3 per meter to remove and dispose of the old stuff. The most I've been able to knock of the price of the new stuff is about $6 per meter...

Ta. Vendor is sole proprietor in this case... Time will tell.

Just wondering if anyone knows if a vendor passes away before settlement whether or not it affects the sale? All paperwork required prior to settlement (transfers etc) was signed but settlement hasn't taken place. I'm at an arms length to the sale and I figure solicitors will know/work it...

Glad to read others are going through this as well - even down to the satellite dish:eek: Our PM gave notice yesterday afternoon, tenants have until midnight on the 24th to be out. Really bad time of year for it to be happening and it doesn't sit very well morally, but rent needs to be...

Ours was along the lines of anxiety and regret of not having done it sooner and the Saturday morning feeling of reading the paper with a coffee and seeing prices increasing... initially thought of doing it in 2001 but didn't, bought PPOR in 2004 (boom time in Brisbane) :mad: and bought the...

31, PPOR + 1st IP settles on Wednesday!

They're probably a bit like safety switches though... we're about to settle on a unit that's had a tenant in it for the last 3 years and doesn't have a safety switch. Apparently all rental properties in QLD require safety switches too, but no one polices it. I reckon for peace of mind...

Parents are funny things. My oldies are getting close to retiring, have lived in the same house for ~36 years, won't touch the equity (don't want to risk the family home).... when we were discussing our recent purchase (still conditional), their response was "wow, that's a lot of debt"...

Being a southside resident (~6kms from the CBD), there's a lot to be said for closeness to the busway (dedicated bus lane - out of main traffic) which makes getting to the city MUCH faster. Proximity to westfield or other major shopping centres (suburbs like Mt Gravatt, Chermside or...

An update for those that are interested.. Put/Call agreement was nothing out of the ordinary. Solicitors checked over it, nothing to be concerned about. Two clauses of interest: "Upon the exercise of the call option there will be simultaneously entered into and completed between the...

On a different note - any thoughts on whether building and pest is necessary on units? My solicitors suggested a body corporate record search would probably reveal more than a building and pest inspection. Sounded reasonable to me - I figure anything needing fixing would be reported through...

There are a great many posts on the forum about this topic - apologies for the post without searching for it - I was in a hurry to watch QLD kick NSW in the origin... JoannaK had a great post in this thread http://www.somersoft.com/forums/showthread.php?t=14497&highlight=Call+Options

Thanks for the replies. I don't think there's anything sinister about it - will get the solicitor to look over the option before we sign anything anyway. I had heard they were becoming more popular, but I'd heard about them in the context of builders/developers using them over something...

We just looked through a place, wanted to make an offer but the agent said the owner was a retiree and wanted to sell using a put/call option so that the sale wasn't affected until after July 1. Is this common practice? Anything to look out for? Personally, I can't see why we can't post...

I tried that on the weekend (in Brisbane) - the agent wouldn't take the 'sufficient to complete' clause - he wanted a figure or LVR - can they do that? He basically said the vendor wanted it and would be using it to assess the offers...

I recently had an experience where the agent was actively seeking looser terms - even to the point of saying that a lower cash unconditional offer would win over a higher offer subject to finance, building and pest etc... I would have loved to be in a position to offer cash, but unfortunately...

I started one at QUT a few years ago. Ended up exiting with a grad cert. Some of the subjects were worthwile, but was very disappointed with the depth in the material taught. Not sure if it was just QUT's focus on international students, but the concepts seemed pretty basic - the clincher for...

Well done! I spent some time with the agents around Mt Gravatt this morning - was quite brief though as they didn't have a great deal of stock on their books. What was there was in the early $400k's, so good buying! Interestingly, rents are attracting $300-$350 per week, which is great...

I'm in the process of putting a deck on our home. I'm trying to do it on the cheap and had an interesting discussion with a building certifier. There's a section on one of the DA forms that relates to the value of the development. I don't know the rules properly (yet), but apparently if the...

That's exactly what I meant tobe. My question came about because of an auction I went to last weekend. A young couple were so excited after winning the auction, but the crowd around me were laughing at the price they paid. We bought our PPOR by negotiation and are looking to buy an IP and...