Hopefully i can work all my stuff out in the coming months. Now i just gotta finish off my house so im not walking round on concrete floors anymore!

Cheers

Lyndon

thanks for the great replies thus far.

My main worry is that my current PPOR is a new home, only just completed 1 month ago, and things could get damaged quite easily.

Am i within my legal rights to take a bond if i am managing a property myself?

I just want to know that i have the same protection and backup with contracts in place etc…[Read more]

Originally posted by Mortgage Hunter:
Should you draw that $100K to buy a Lexus then your original $300K loan remains 100% deductible. If you had kept the money in the home loan and redrawn it then you will now have a loan with $200K deductible and $100K (for personal use) not deductible.

in reference to…[Read more]

try asking them to present you with a better way of investing. sounds like maybe they fear what they dont know?

i guess all you can do is show them the facts and hope that they realise how many oppurtunities there can be.

this is a hard one

where are you from ?

Cheers
Lyndon

can you please explain how the offest account works ?

regards

Lyndon

you could pobably look in the TV Guide. i always see ads offering colorbond patios etc.

otherwise..depending on where u want the work done and if you want it to be a little more complex…i know that Xtra Construction do a lot of work SOR. they are in rockingham.

cheers!

Lyndon

Looks like someone has been caught out many times doing sh@#ty work!

The cost involved really depends how you want to finish off your house (granite tops or laminate?..tiles or floorboards? etc etc ). Personally, i would finish it all off yourself, rather than getting the builder to do it. Simply because, as you said, builders dont include these items as a standard. It is because of this that everything…[Read more]

If you were to receive your first home owners grant, you need to live in your home for 6 months, within the first 12 months of owning the home. there are further details at http://www.firsthome.gov.au/

Hope this helps.

Cheers
Lyndon

I would be interested definately.

lyndon.gibbings@iinet.net.au

cheers

Lyndon

You should ask the agent (though never take that as gospel, always check with local authorities!), as they usually bump the price up of properties that have re-development potential, so they will most…[Read more]

provisional sums might not be finalised at time of contracts as they are not yet quantifiable, but the builder needs to give reasonable proof if PC or PS items come in higher than originally noted in the contracts.

im not saying that the builder is necessarily wrong, as most times they are not – many hours are spent ensuring that they…[Read more]

provisional sums have to finalised in the final contracts, and by law have to be within 10% of the actual cost of the work.

To start out on your own means a massive outlay of capital..very high risk.. higher stress!

You also need…[Read more]

you have signed a contract with the builder, and they have to hold that price. they can only price rise you if
a) you do not get all approvals in the beginning stages before your contracted 45 working days is up – NOT YOU IN THIS CASE

b) you did not pay your final progress payment, hence allowing the builder to charge a…[Read more]

Basically you can rent out your PPOR for up to 6 years and not have to pay CGT when you sell as long as you don’t declare any other place as your PPOR during that time.

But if callander moved into the new home that they purchased..wouldnt this become their PPOR ? in the definition of a PPOR it says things like “does…[Read more]

many thanks for all your responses!

I will check with my broker when i get hold of him and go over my options.

I want to go interest only so i can build investment properties which i will most likely not be holding on to. I then hope the be able to plonk my profits onto my loan…so i guess i am paying off the principle in a way……[Read more]

My business partner uses skype for his interstate calls.

We use a program called tri-tel. it is a pre-paid service, and you simply add credit with your credit card, bpay etc etc.

the calls are very cheap..11c nationwide to land lines. approx. 20c min to mobiles… and it can also be used for sms at 11c each. you can set up your…[Read more]

i would have thought that if you moved into an IP, it would then become your PPOR?

i am unsure of this..very interested to see some informative replies to this one!

Cheers
Lyndon

i think wylie’s idea is great.. if its possible..

if not, a garage will definately add value…but only if it can actually manage to fit two decent sized cars in it! then again…test of your morals here…a potential buyer may not know its a tight squeeze until they buy the property…and they may not have large cars so it wouldnt…[Read more]

I think what you are doing sounds like a great idea. there will always be risk in investment, and i think the fact that you are doing it with your parents minimises this risk.

Balga is a great area also. If all the numbers work and you can afford it ok, then i say go for it and good lu[lmao]ck!

cheers
Lyndon

I am very interested. We build new single storey houses south of the CBD (atwell, baldivis, mandurah, secret harbour, dawesville etc). approx 300 sqm. Are you interested ?

Regards

Lyndon

That construction inspection service would be beneficial for an owner builder, or someone using a…[Read more]

I dont think you should spend extra money on a building inspection service (never heard of this btw)…simply because this is what you are paying your builder for!

Can you elaborate more on the service you are looking at getting ?

Cheers
Lyndon

Celebrations seem to be doing quite well, as do ventura. Id say they are both just as good as the next builder…apart from a select few . In regard to building times, if you get your home within a year of signing a preparation of plans agreement, you are doing well. one would hope that these two building companies are achieving this, but the…[Read more]

I think besides the obvious bargain hunting…the best thing a person can do is DIY jobs… working in the industry myself i know exactly how much labour costs these days!

Lyndon

they are very good and quite helpful, so give them a try. not sure what their stance is on small reno jobs though.

i think replacing is most likely the best way to go.

Lyndon

Compare advertisements and look at builders specifications ie what they include…. are the basins china or…[Read more]

things such as this shouldnt deter you from buying if you like the location etc. there is always going to be minor speedhumps when it comes to building…just…[Read more]

what area is the block in ?

if it is prone to flooding then it will need some costly earthworks.

regards

Lyndon

would definately reccomend Microsoft Project. If you do decide to use it, would also highly recommend taking a short course at your local TAFE / business college etc so you can utilise the package to its full potential.

Lyndon

definately agree with terry there!

i am very much a novice, but i have learnt so much from reading websites, asking questions and sifting through the wealth of information on these forums! i refuse to spend large amounts of money on expensive “programs” etc. i just feel it would be much better off invested into property…

i know many may…[Read more]

you certainly should be able to get a package for around the $1000 mark…you may just have to search around a bit. dont forget about installation etc ? this may cost you a bit.

id be wary of some unknown “european” appliances as warranty issues can be a real hassle sometimes..whereas well known australian brands are generally quite reliable.…[Read more]

Cheers

Lyndon

As an owner of a new building company in WA, i have found that open plan homes are very popular and create an excellnt living area for all the family to relax etc.

Personally i think that open plan living cant be beat, but maybe you should go see display homes in your local area and check the homes section in your local paper to see whats…[Read more]

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