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    No council approval - bathroom

    Hi Everyone, I'm in the process of buying a house in Brisbane that has had a 2nd shower and toilet added in the past 10yrs or so. The contract is subject to building and pest inspections (as well as finance). I had the building inspection done last week and the builder told me he...
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    Transport: Chermside Interchange & car parking

    Hi, Does anybody know if there is designated parking at the Chermside interchange bus station for commuters to park their cars and catch buses to the city? cheers Penny
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    FHB wants to withdraw contract & start a new one

    Hi All, I had a contract on my PPoR dated Friday 10th Oct, only days before the increase to FHBG commences. The buyer is a FHB and wants to terminate the contract and start a new one dated from today with the same terms so he gets the extra $7,000. I'm considering whether resigning the...
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    Does a vendor have any channels to pull out of a contract?

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    80% LVR maximum for PPOR & IP combined?

    Hi All, I'm looking into buying my first IP. My situation is: loan amount on PPOR - $165,000 PPOR value - around $275,000 - $300,000 (depending on how the valuer feels) Income - $140,000 p/a (i'm an IT contractor, currently on a 12mth contract) I've spoken to a mortgage broker who...
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    New units & the 'starting from' price

    Hi, I'm looking to buy my first IP (exciting!). My question is, when there is a new townhouse or unit development listed and they have the price as starting from a certain amount, can you negotiate lower than the 'starting from' price? Or is it pretty much set? Has anybody had success in...
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    How do you work out return %

    Hi, Silly question, but how do you work out what the return is on a property. For eg. Purchase price - $245,000 Rent - $250/wk (so do i multiple this by say 47wks of the year, allowing for time it's not rented?) = $250 x 47 = $11,750 Rates/BC - $3,360 per annum So - $11,750 -...
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    Investment Goals

    Hi All, I've posted a few times now and each time the replies have highlighted knowing what your goals are. Right now, I have only got my PPOR and am looking to buy my first IP. Before I do that I want to have worked out what my goals are and I'm having trouble working that out...
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    Chermside?

    Hi All, I'm researching where to buy my first investment property at the moment. I keep reading that Chermside is going to be a 'mini-city'. My question is, have values in Chermside already risen to a point where there's not too much growth left in them based on future plans? If so, is...
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    Advice Please

    Hi, seeking some advice please on what experienced investors think is a good move for me. I'm keen to start building an investment portfolio and live in Brisbane and can see that the market is starting to go crazy. My gut (and the research i've been doing) is telling me that prices are only...
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