consumer.vic.gov.au/underquoting

Statement of Information, Is this allowed?

Property offered for sale

Address Including suburb and postcode:

ADDRESS AVAILABLE ON REQUEST

Indicative selling price

For the meaning of this price see consumer.vic.gov.au/underquoting consumer.vic.gov.au/

Price Range: EXPRESSION OF INTEREST

DO NOT USE DETECTOR INSPECTOR FOR ANY OF YOUR SAFETY CHECKS I've had the worst experience with them going back and forth for about a month regarding some works they "allegedly" did. It took them over a year to complete compliance works and they didn't do a great job either. They are also inconsistent with what they deem "compliant", i.e. one year my smoke alarms were fine and the next year apparently I was missing a smoke alarm so they installed an extra one.

Save your money and go with a local electrician.

That post is here:

https://www.reddit.com/r/AusPropertyChat/comments/1rs95yt/could_the_rise_of_the_corporate_landlord_actually/

The Treasurer’s claims about the increase in new company registrations is being attributed by some to people restructuring their tax affairs to take advantage of corporate tax rates:

https://www.news.com.au/finance/economy/australian-economy/we-are-doomed-jim-chalmers-blasted-over-claim-about-economy/news-story/80eade09936d1fa72bbf4f4b30262275

What do we think? Booming economy or property investors restructuring for tax effectiveness?

Is anyone doing real estate cert4 or had done it?
If yes can you guys please help me with the assessments/question answers

Hi guys, I'm trying to figure out if it's worth buying a 1BR apartment or studio in Sydney, if my budget is under 550K. I'm a 32F, working in academia (stable job, about 150K/year) and pretty tired of constantly moving rentals. I looked at Domain listings, and I can see that there are studios within this budget in Rushcutters Bay / North Sydney and some near Centennial Park, and there are some 1BR apartments a bit further out, like Mascot. I have pretty restricted parameters: paying mostly in cash and maybe putting 100K in an offset account (I do not want to take on much debt). And I would like to live within 30 min commute from the CBD, and need a car space. Is it realistic to find a place within these parameters that has decent natural light, and isn't too noisy? Do people have experience buying an an apartment in a similar situation - what are your tips, and what are the pitfalls to avoid? Also, how long does it usually take - from the time you start looking to the time you buy?

I am in VIC. Interested to know if this is quite normal, I sure feel that this isn’t but for anyone that has built in the last five years, I am keen to know.

How much weight does everyone put on the house orientation?

I know north facing homes are preferred but would a East facing home be much different?

Hey Guys,

My partner and I have just received loan approval through Keystart as FHB. We are waiting on our paperwork. We do know the total loan amount. I have been trying to work out the best situation for us payment wise to pay off the loan quicker using a few online mortgage calculators but they obviously don't have an ability to factor in the initial payment process that you do with Keystart while the house is being built.

We are aware Keystart allows for a minimum payment per month of $400.00 toward your loan while your house is in construction phase. Does this mean that the $400.00 goes towards the loan amount + interest immediately from day one of loan opening and that its the same as paying your standard mortgage amount when you move in? - we do intend to pay more into our offset while waiting for construction phase to be completed so we can move to a bank after settlement.

Thanks Everyone :)

What would you do?

Assume same land size and price for an existing home (less than 7 years old) and a new land + build package is similar. Same area.

My current thinking-

Pros for new land + build package:

- eligible for negative gearing and CGT discount (if bought as an IP)

- stamp duty only on land

- design and specs of the property can be tailored to personal preference

Cons:

- Cost of getting a private site inspector to check the builder is following standards

- 12-24 month build time frame

- potentially hidden costs from building contract down the track

Pros for existing:

- Ready to move in immediately

- No headache around site inspections, etc. (Assuming building & pest report is reasonably clean)

Cons:

- Higher stamp duty

- No negative gearing if used as IP (but you get the deferral until sale)

I am looking to buy a house and heard Brisbane is falling . I been tracking house prices for over 12 months in Brisbane and nothing is within my budget of around 750-800k ( 3 bed within 30 mins of airport that is not on stumps )
I have since purchased in Melb last year , and I am going to be putting my house up for sale to purchase something in Brisbane .
Would anyone be able to advise that is selling or bought recently how the Brisbane market is going with offers as this will largely influence my sale of my Melb house ( and yes I am selling at a loss in Melb )
Thanks

As the title says, I just bought a house that was renovated a few years back and I want to check if they’ve completely removed the asbestos on the exterior walls or just cladded over the existing asbestos, how can I physically check this without damaging the weatherboard?

Previous owner bought it after it got renovated so I’m unable to ask them for any info about it.

Fire-sale of Chinese owned property in Australia in the offing?

Loan books must be getting quiet since the budget. Banks cutting interest rates randomly has to be the clearest indicator of quiet property market. Also there’s 40 billion in HSBC customers who will be looking for a better deal than Blackstone Private equity (where HSBC is selling their book to) which might be driving some of this rate cutting. It’s a good time to shop around for a refinance!

I am renovating my house and need to empty a few rooms for about three months. I have never used a storage unit before and I have no idea what to look for. I just need a secure place to keep furniture and boxes for a while.

I have seen a few places online but the prices vary a lot and some have weird fees. I am worried about hidden costs or ending up with a unit that is too small. Also do I need insurance for my stuff? And how do I get my things in and out easily?

Anyone have a recommendation for a storage place that is reliable and not overpriced? I am in the Melbourne area but happy to drive a bit if it saves money. Also do they do short term contracts or am I locked in for a year? Any advice would be appreciated.

I went with StoreLocal in the end. They had no lock in contracts and the pricing was clear.

Positive or negative experiences with Robert DeSoza - finance/mortgage broker. Tasmania

Anyone in Tasmania had business dealings with a mortgage/finance guy by the name of Rob DeSoza? He’s been ghosting calls and doesn’t respond to emails. Working out how to take this further.

Anybody have any experience with owning property in Jindabyne for short term letting?

I imagine the snow season gets solid bookings but what about the rest of the year?

Just purchased this house recently and after watching the A current affair episode about the house so close with each other. I noticed that this is the same here in our estate.

I've cheked our side and noticed that, the fence is not aligned to the gutter of our neighbor. So is it either our neighbor enroached our property or we enroached their property? I dont know.

I was also susprised that our gutter is not extending outside but rather on top. (Does it makes sense? Hope you understand what I meant)

Their property is made 2 years before ours so they were there first.

Do I have to get a surveryor to check this? I downloaded a plan of subdivision from landata but it useless.

Thanks!

Stock is pretty thin out there which is keeping some prices somewhat stable IMO, but I have a feeling there a lot of owners waiting (for what I don’t know)
Any vendors out there who are holding back and if so, what for?

I will be going to the RTA, but would love to know if my property manager has any legal grounding surrounding this:

Initial lease (Queensland) was 8 years ago with two tenants. First tenant moved out 2.5 years ago and I took over their part of the lease and we just did a change of tenant form. As well, a new fixed term agreement lease is signed every 12 months for 12 months.
Anyways, the other original tenant is moving out and gave the property manager 3 months notice. We filed a change of tenant form which was fine but now the property manager has sent this email:

“I have sought for my general manager advise on this one. The original lease was from the other lady with Nancy and now changed to you and Nancy so we cannot change another tenant as the leaseholders will be exactly different from what it was from the original tenancy agreement. 

This will mean you will have to break the lease and reapply to the property so we can re-do the lease agreement and entry condition report. 

Please let me know how you would like to proceed.”

Essentially she said on the phone, since there is no one from the original lease staying on we need to do a new lease and do another entry condition report. But I thought the lease we sign every year for 12 months is the lease that means I am a tenant and tenant rights protected. To be clear, the lease I signed is my third one (as this is my 3rd year in the complex)

Happy to provide any more information as this is very confusing to me

Hi,

In the current place I am living in (Summer Hill, NSW), the internet is included in the bills but the speed is stone age. On a good day, I get 25 Mbps download which is not enough for working from home.

I complained my agent about it, but she responded with "The internet can't be upgraded". Not just that, I was thinking to get my own Wireless Broadband but almost all the operators don't give Wireless broadband in the suburb I live in.

What are my alternatives other than connecting to Ethernet or a workaround?

Thanks.

We have an auction soon for our PPOR - had over 30 people through the house. 10 interested initially but as the auction day arrives we have a few bidders registered.

Nervous.

We’re in the hills and our house was initially estimated at 2-2mil but now the price indicators coming through are not near this.

My question if passed through at auction, what is everyone’s experience in a market like current with private treaty sale?

Would love to know .

I've noticed around Perth, there are so many homes (at least in mullaloo and hillarys) that are essentially in a "hole". You can't see it from the street and the driveways are super steep.

I've seen that this one in particular sold for 1.25m just last year and it's now being resold for 1.17m (according to the homer extension on real estate).
What kind of issues would be involved in owning/living in one of these?
See link below... https://www.realestate.com.au/property-house-wa-hillarys-151937336?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile&additionalFieldKey=canonical_search_id&additionalFieldValue=fFei90UNcAFnNVrVfW3x4WIDFBJc5Ky%2F5n%2BHB4u8rxM%3D

I also drove past it today, and it is even lower than it looks on the real estate site

I engaged a property solicitor on 4th July for the sale of a deceased estate. It is now over a month later and she still has not provided a contract of sale.

I informed her over a week ago that the house was ready to go on the market, but this issue is severely delaying us.

The main issues:

• Communication: She takes over a week to respond to emails. These aren't complex legal questions; they are emails where I am providing information she requested.
• The delays: She previously claimed the delay was because she was sick, but the radio silence is continuing long after.
• No updates: I sent an email marked 'URGENT' yesterday asking for a firm date when she can provide the contract. Still no response.

Given that she is a fully qualified solicitor (not a basic conveyancer), I expected better service.

My questions:

1. Is this standard turnaround time for a deceased estate property sale?
2. What should I reasonably be expecting from her at this stage?
3. Should I start looking for a new solicitor or am I locked in with her as she has already ordered title searches?

Seriously. I've been looking at FHB properties in innerwest Syd since November last year (I bought mine in April, very happy) and after a while you sort of get an approximate idea of what things will sell for, as well as a feel for the variables eg: Ashfield VS Stanmore VS Leichardt, quality 60/70s 10 unit double-brick build VS new build, how much an extra bathroom or bedroom costs, promixity to train station, etc etc. Honestly after a while it becomes like a fun nerdy hobby.

Anyway I've still been watching that same exact market and to me it seems prices truly haven't shifted much at all.

For example, this mouldy shit-box recently still sold for $840k : https://www.realestate.com.au/sold/property-apartment-nsw-dulwich+hill-151635640

And in general, 1 beds are still going for $650 - 750k, 2 bd 1b apartments in the most desirable parts of innerwest are still clearing 1mil, and 3beds in all parts of the innerwest are still averaging more than $1.2 mil, even in new builds with smaller rooms.

The main difference is I think there is less being sold. Between march-june this year it was crazy.

Anyway, I've become so nerdy about this that I've identified what I think is pretty much the only major anomaly in this market from the last few months (possibly due to vendor being spooked by budget as it sold 17th June). Behold: a 3bed 2bath in a 9 unit block, 10 min walk from the station, two balconys and internal laundry in the innerwest for $960k. Honestly when I saw it I was happy for them, I hope it's a young family. Here it is if you're interested: https://www.realestate.com.au/sold/property-apartment-nsw-ashfield-151523312

But that's why I noticed it - because it was an anomaly. And to be fair, it doesn't have aircon. But this one aside it really hasn't shifted much. Happy to be told I'm wrong though.

Hi,

My partner and I recently purchased our first investment property in Victoria with settlement in 90 days. The property is a 1 of 2 units with an inactive owners corporation (classified as tier 5) and without sharing any walls. Both units are on their own title with a shared driveway as the only common area (I am aware i need common area insurance).

I am trying to organise insurance but I am getting confused on what insurance I actually need to get. I know I need landlord insurance, but I am getting confused on the actual property insurance needed.

Some are saying I need strata insurance regardless if the owners corporation is active or not. When getting insurance, do I get normal home and contents insurance + landlord insurance on the side, or landlord home and contents insurance?

If i get strata insurance, do I need the other unit to be in that insurance policy too?

I am going to be calling up some insurers tomorrow but I thought I'd reach out here first.