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Hi all, I am looking for some advice. I own 2 adjacent houses in a great street within 5km of the Adelaide CBD. A third adjacent house is now on the market. Each house is $450k. Total area of the three blocks is over 2200m2, and council have confirmed 8 dwellings is possible including some...

In the current market I thought it'd be interesting to do a recap of what $1 million buys you anywhere in Australia. This place in Adelaide just sold at auction on the weekend for $985k. 4 Elm Street, Brighton SA 5048 Any other gems out there?

Huge Olympic Dam mine expansion wins federal nod Snippets: A huge expansion of the Olympic Dam mine in outback South Australia has been given environmental approval by the Federal Government. The expansion would turn the site into the world's largest open-cut mine, with the open pit...

My wife submitted property deductions in her tax return for the first time last year. Because of this she recently received an invitation to the ATO's free Property seminars. We've been dealing with property in my return for a number of years now (I didn't get an invitation) and don't feel...

"THE $3 billion reverse mortgage industry is set for a major overhaul with new laws and tougher disclosure rules expected in the new year. The Federal Government plans to ban contracts which allow negative equity to build up on a reverse mortgage and will also beef up information disclosure...

So Abbott's talking about a Flat Tax. In reality, it's a $25k tax-free threshold, a 35% tax up to $180k, and 45% above. This chart might help to visualise it. You can hover the mouse over it to see the numbers. The worst-hit will be those on $80k, paying $1700 more in tax. The most benefit...

I had a new Rheem Stellar gas HWS put in, the tenants report that it's too hot (not the usual complaint I'll grant you!) but I've confirmed it - the water is steaming out of the tap. There's a little dial on the unit that supposedly scales it from 35C to 65C, but it has no effect. The...

Not quite a saga yet but getting there. Plasterer quoted me for a cornice repair on his own judgement that he could re-use the fallen cornice. I gave the go ahead and added that I'd be happy for him to replace the cornice with a plain one if the original one turned out to be unusable. Now...

I have a lovely 80 year old villa which breathes through the seasons. Unfortunately the cornice on one wall just fell down! It sounds like a simple scenario, but I haven't been able to find any other forum posts on this subject. Most plasterers aren't interested in the job. One even hung...

My offset has almost reached the balance of my PPOR loan ($180k). I'm pretty sure that once it surpasses the loan the bank won't be paying ME any interest! ie. any surplus will be earning 0%. I do realise it's a bit of a "happy problem" but this creates a couple of annoyances: 1. The...

A 34-year-old Victorian woman lost up to $125,000 in savings for a house deposit after her handbag was stolen from the car park of the Fishers IGA supermarket, Mildura. Article: http://www.theage.com.au/national/handbag-snatch-womans-125000-in-life-savings-stolen-20100301-pcdq.html Who...

So, I've got a slightly different slant to the usual "Gen Y can't save fast enough for a house" problem. That's three relatives or friends I've spoken to now in this predicament: under 30, renting, small cf neutral IP unit of around $200k. Married/engaged, wants to buy a PPOR $350-400k...

Hi all, What are the legal implications of signing a lease agreement with a tenant before settlement on a new IP, particularly if settlement is delayed? Obviously the lease would commence after the settlement, but I'd like to get it all squared away before. Has anyone had a situation...

Somehow in all my reading of this forum I completely missed this scenario! I was surprised when the bank's mobile lender (franchisee) said that I could move a part of the PPOR debt to a new IP loan to bring it up to 105% LVR, while keeping all properties with the bank under 80% LVR. Here's a...

West Torrens 1500m2 Development I generally ask my tenants to keep an eye out for me... and a house adjacent to an IP has come up for sale! I've not done development before so I'm jumping headfirst into a new pool of numbers here. I'm hoping anyone with experience in 3-5 dwelling...

Tenant's fixed lease expired 8 Jul 09, a week ago. I should have sent out the new lease about 5 weeks ago, but I missed this one. Can I just issue a new OCBA fixed lease form giving them 1 month's notice (and effectively having them be periodic for 5 weeks), ie: I give you notice that...