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    Concrete cancer

    Anyone have previous experience on subject matter? Balcony has considerable amount of wear and tear with concrete cancer from steel inside concrete.... Not sure how bad it is but probably unsafe and easy to fix for a builder of some sort. I have some pics I will try and download and wondering if...
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    Finance on smaller block of units

    Interested to hear others experience with regard to finance for smaller block of units/dwellings say 3 or 4? I am looking at purchase something like this however have found the major Banks I currently deal with seem to have become stricter.... Problems/queries I have: *Rates - able to get...
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    Commercial + Resi Loans (rates?)

    Hi All, looking at options for purchasing commercial property plus residential premises in one line. There are quite a few shops that come up in SYD with houses/flats on top or at rear and thought maybe an easier way to get into the market affordably (I wouldn?t say at a bargain as there are...
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    House for Sale Currently tenanted - options?

    Hi guys, when looking at properties I often come across the following scenario and more often than not take the conservative option and not follow up with that particular sale but interested to hear other thoughts/opinions: House for Sale Currently tenanted House is a mess and tenants...
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    Asset Protection on Parents property when divorced

    Basic summary: 1 x parent dies leaving remaining pool of assets to husband. This includes large family home as well as block of units. The father now has a cleaner who has become very friendly with him and also assists with cleaning the block of units. She has very little english however...
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    Settlement Dates and Land Tax

    Say you exchanged on a property with 42 day settlement and it falls over xmas holidays (ie you exchange on contract today with 42 days which means settlement day is Saturday 28 December however contract states 42 days but quoted 27 December being the Friday before xmas hols). What are the...
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    $1M Borrowing Capacity - Analysis Paralysis

    Hi All As the title suggest I probably have circa $1M borrowing capacity with deposit of approx 20%. I have been looking in Syd (mainly inner west) however yet to find something and more than likely overanalysing trying to find specific property..... I am now thinking of other options and...
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    Sydney Homes - Brick, Fibro or Perm-----

    I am hoping for some help on this issue..... I have been looking at a number of Sydney properties and some suburbs with a lot of 70's and 80's houses have a lot of homes that are not brick of fibro but a plastic type substance which is apparently in between. I think I may have got the name...
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    Initial repair within 12 month rule

    I have been looking into the initial repair rule and ATO ruling and would like others thoughts on the following recent IP purchase and whether these repairs/maintenance would be deductible: 1. Initial repairs and maintenance prior to tenangt moving in including cleaning, doors, windows, etc...
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    Would you get a Pest Inspection on Sydney fibro house?

    We have an IP in the inner west of sydney and will shortly be moving into it..... We have not done a recent pest inspection on it as it has been rented out for several years. My initial query was would you get a pest inspection on a large fibro house? My thoughts are yes given the eratic...
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    Partner as Managing Agent

    I am completing my tax return for this financial year and was considering whether I should include a managing agent fee for my partner. The circumstances are as follows: Property was purchased close by so we decided my partner would do this one - she wanted to organise some renovations and...
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    Centrelink - Assessible Income

    I have been reviewing the Centrelink's determination of assessible income and have looked at the comments on this site in an attempt to simplify my (and others) understanding. Here is a description of inclusions for assessible income for the Income Test for various things such as FTB, baby bonus...
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    Family and Property - IT DOES NOT MIX!

    As the old saying goes - do not mix business with pleasure (especially family)...... A little dilema has arose in my world - a house shared equally among 4 siblings is owned by 1 party with them all signing a finance agreement stating how much each put it, % etc....... This was approx 5-10...
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    Problems with tenant transfering from Fixed Lease to Periodic?

    My tenants are coming to the end of their 12 month lease and have advised they would not be renewing due to plans to relocate - they wish to rent another house in another suburb for children/school reasons. This is fine however I will be very sad as they have been long and very good tenants :(...
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    Big Brother Is Watching - Ato

    With tax time having come and gone for another year and having just lodged my tax return it got me thinking re the ATO and its powers...... I have just read an interesting article about the ATO and its 'big brother' powers...... Apparently they will now have more powers than ever to access...
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    Smoke alarms in property when settle

    We are about to settle on a property and did not notice any smoke alarms in property. When I questioned my solicitor he advised smoke alarms could only be enforced if they were a condition in the contract previously..... This would be difficult given we purchased at auction. I was under the...
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    Renting property privately

    Looking at renting a granny flat in Sydney..... Other IP's are rented through agent but this one would like to self-manage and see how we go (it is closer and we managed to secure a good tenant for the house ourselves so thought we would give it a go). Have managed to get the Bond forms...
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    Property in partner's name

    We have recently purchased a property and initially signed the contract in both names..... My wife works limited hours and I am the primary income earner so for this reason I thought maybe to put in my name as it is negative gearing and I will get all the decuctions. Obviously I will have to...
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    Money to BURN - $150k

    Just sitting at work thinking and researching on property - What to do!! So thought I would get a bit of insight from the Forum..... I have cash ready to purchase a property and was looking at Inner West Sydney over the last 6-12 months however it seems to have increased a lot (out of...
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    Building & Pest Inspection!

    Lookin to get a building and pest inspection in the inner west of Sydney (canterbury)..... Hopefully early next week..... The property in question has a granny flat with no council approval so hopefully somebody with experience in this area!! Can anybodygive me any recommendations? Thanks guys
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