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i think he may be telling the truth in this case because there was a 5 day cooling off period between the claim of an offer and the completed sale (although i guess the buyers could have been sorting out finances or doing other stuff)

yes all over - although i might be interested if another one in the complex becomes available as they still seem to be able to sell ok (presumably there were a few people vying to buy it as it sold for higher than what i had been offered earlier)

the agent claims that the buyer got a strata report and independent builders survey b4 buying

someone else has bought the property for $660k now

i think its around $217k from memory

this is the biggest deterrent yet against buying the property thanks

thanks for the link - great idea - I've just posted there to hear about things from the other side of the fence

Update - strata levy loan experiences? update the vendor is an elderly lady and is apparently very spooked/disturbed about the whole strata issue and has reduced her asking price to $650k negotiable other owners in the complex and people in other strata complexes with large repair issues have...

one of the things i am trying to determine is how much headache would this actually bring me? I think i would basically not have any involvment apart from paying the odd special levy which i would not find stressful or time consuming unless the cost involved was unexpectedly high (a relative...

i have not seen anywhere as nearly good as this place within the location i want although i have only been looking properly for over a month and have inspected 8 properties and viewed all other potentials online - this place is ideal (apart from the problems i initially described) and i have not...

speaking to the agent today i think the vendor is willing to negotiate on price now, having seen the strata reports although I'm uncertain how much my main query now is how much is the upper limit of costs likely to be to correct a corrosion issue? -the insured value of the entire property...

i don't see how its tax avoidance as i am paying tax on the rental income at 46.5% and my mum will be paying tax on any income she receives from me that is above the tax free threshold

the money will be gifted to my mother via distributions from a family trust of which she is a beneficiary

my mum is overseas and not entitled to an Oz pension. I have no real concern about the tax issues because as i mentioned I have consulted a very reputable accountant as well as my fianancial advisor both of whom are very much above the board types, informally my friends wife (who is a tax...

I am giving my mum an allowance and she is choosing to spend part if that allowance on rent in a property that suits her best and the rent us at market rates

My mum will not be receiving any income/pension from the government and the rent I give her will be within her tax free allowance anything she recovers above the tax free allowance will be taxed as per usual

My accountant and financial advisor both assure me that this is a perfectly legal strategy as long as market rate rent is being charged - do u disagree?

i am paying for this property and will give my mum (who has no money) the money to pay me market rate rent so that i can legally tax deduct the interest payments (i will pay income tax on the rental income) - she is getting older with numerous chronic illnesses and i want her near so that i can...

i post these questions because i am unsure about the answer, things are moving fairly fast and I probably will not buy but have not 100% excluded the possibility - sorry to all those that it offends, there is genuinely no malice intended so please ignore any subsequent posts by me in this thread...

yes i am a bit skeptical about the presence of another offer but the agent indicates there is one although i do consider it might be BS - if he turned out to be lying would there be anyway he could be professionally punished?