Hello everyone We are looking at the contract for a property that we are interested in and saw this in the Title search section "TITLE IS HELD SUBJECT TO HOUSIN ACT, 1976" Does anyone know what does it mean? We have seen multiple contracts as part of our property search, but this is the first time seeing something like this listed. so a bit concerned.. Appreciate any help. Thanks in advance! submitted by /u/alluz1985 [visit reddit] [comments ..read more

Basically one of my rentals it's due for a big raise. Can I ask tennant what do they think is fair and want to pay. Then go from there either accept, raise or sell of place. Just saves me throwing a number out there which I know she won't like. But if is close enough to my number I can work with it. submitted by /u/Current_Inevitable43 [visit reddit] [comments ..read more

Hi all, looking for advice. My wife and I just moved into a house we're renting. During inspection we noticed some leak marks in the upstairs ceiling and the REA assured us it would be fixed by move-in time. After moving in, and with the heavy rains this past week, major leaks have appeared and there's water dripping continuously from the ceiling / electrical sockets. The master bedroom is completely unusable. I've reached out multiple times to the PM but they're not answering my text / calls. What is my recourse to force them to take action? submitted by /u/vincegizmo [visit reddit] [commen ..read more

I am looking at buying a house in QLD. I have found a house for x amount “negotiable”. We went to an open home and the agent has said “All offers need to be in by x date, and you only get to make one offer only” to all the people in the house. When asked if we can counter offer we got told “No, one offer only”. In my opinion that is not what a negotiable offer is. Is this even legal/false advertising? Thoughts please. submitted by /u/Desperate-Respect191 [visit reddit] [comments ..read more

The primary downside of depreciating your IP is that it reduces your CGT cost base when selling. From what I understand, if you're making use of the '6-year rule' (former residence becomes CGT exempt IP), since you pay no CGT when selling within that period, depreciation has no effect. It seems that combining these two strategies is essentially a government handout, being able to claim depreciation expenses, therefore reducing your tax burden, with no apparent downside. Has anyone been using this strategy successfully? submitted by /u/Grazed_and_confused [visit reddit] [comments ..read more

Hi, I have just brought a property that is tenanted for 6 months before I move in. The Strata scheme is “standard” in QLD which from what I can find means the roof is the lot owner’s responsibility: “the outside of the building within their lot boundary, including exterior walls, doors, windows and roof” For landlord insurance, do I need to get any sort of special landlord contents insurance to include the roof? Or is the roof actually covered under a standard landlord contents insurance? submitted by /u/The_Jedi_Master_ [visit reddit] [comments ..read more

Hi all Out of interest (on behalf of a friend) has anyone here bought a House & Land package within Beatty Avenue, Hillcrest SA (Adelaide), and have any updates on progress, title, contracts or issues they are willing to share? submitted by /u/Curium244 [visit reddit] [comments ..read more

Agent also pretty hit and miss with replies. Not sure what to do. Also legally need a final inspection but this would be after the 5% deposit is paid. submitted by /u/TenantReviews [visit reddit] [comments ..read more

Hi all Hopefully a quick one. I’m looking at purchasing a home and looking at going through FHS where 5% is required. Just wondering if you could get a guarantor to cover that 5%? TIA submitted by /u/Possible_Boat_8776 [visit reddit] [comments ..read more

My partner and I are starting to think about purchasing a home in the future and want to get as much info as possible into what our options are, ways to make the most of our money and any handy tips others can share to make it the smoothest journey possible. We both have stable incomes (I work permanent part time 60hrs a fortnight in healthcare, he works full time), however have spent the last few years just enjoying life experiences so we don’t have a large savings balance yet. We are both just overwhelmed by where to start! (I know a chat with a mortgage broker would be one of the first thi ..read more