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I've been thinking about buying a property in Australia and thought it would be better to review Australian property forum for better coverage. I came across these two post which I thought sums up...

I went to a property research session and the said the unemployment is not the only determining factor on house affordability. It's the number of people employed.

If you are not a NZ tax resident some banks will only lend you up to 50%.

I've flown emirates A380 to Sydney recently and it was fantastic. The new departing lounge is very fancy. There isn't much difference in the space allocation between 747 and A380, but if you get the...

Above sounds about right.

Additionally if you are an overseas investor your LVR needs to be 50%

What should I look out for? Should I offer lower price to mitigate the risk?

Hi all,


Is it common for banks to demain unconditional financing on Mortgagee Tender and upfront deposit of 10% or purchase price?

Is there anyway around this. I was told the bank may refuse...

60sqm, 3 bedroom = slumlord ><


You should aim maybe 80sqm for a 3 bedroom. Check your local council, there maybe restriction of size.

Just do it. Practise on your parent's place. My folks place went through 3 hideous colour til I got it right. ")


Thank goodness for patient older generation

Hi all,


Anyone has experience on this? What should I look for? What documents should I request? What is the process involved?

Hi All,


Anyone know a good mortgage broker I can talk to. Can you provide their email address and contact number? Preferably in Auckland. Thanks

I think you're right Greenfish. It is really illogical. Especially since all the two beddies are over 40sqm. I consider a one bed at 39sqm small imagine a two bedroom for 40sqm.

Who would want...

Hi,

I'm looking at buying an apartment in Auckland. As you know there are alot of undervalue out there but all below 40sqm. My bank won't let me touch anything less than that. I was eyeing a 39sqm...

What if you live in a one bedroom or studio and share with your boyfriend can you claim 8% of your rent as office expense?

There's no minimum size, but rental in shared houses alway prefer that you can put a double bed squish to one side + 1 table. So 3 x 4 and above is pretty good. To be a bedroom, you need access to...

Rolf you don't need gas. It just use hot water through it. You can use your electric hot water heater. The trouble is that it just cost more to run than gas.

Hi TWT,

Can you revisit your calculations for the cooling/heating load again. For a 10m2 bedroom you calculation seems to suggest 12kW cooling/heating unit. To be conservative maybe 250-300W/m2?
...

Hey dt,

Got me excited for a moment. I thought you were going to ask for reliable hot man... ;P

Hi Surface,

Two of my friends did exactly the same thing after their first year at uni. They went under LAQC and brought a few properties in South Auckland.

I on the other hand went in myself...

Recently I installed carpet in my investment property. The carpet company did not complete the installation to the wardrobes as part of the agreement. On top of that they want me to pay extra because...

I notice someone being banned. Generally how long will you be banned for? Can you be let out on good behaviour?

http://dbh.govt.nz/compliance-docs-get-copies

Look under G3. It says housing dwelling should be provided with a cooker with an oven and a hot plate ..

I would assume all legal houses need to...

lanfeiye,

It's crazy how the big 29 affects you. I'm turning 30 this year and I'm strolling through the realestate websites like mad looking for an IP. Good luck!

I understand it's a rough estimate, but it seems to be what the real estate agents always quote when you ask for the asking price.

With the drop in market value, do you reckon that government valuation is a realistic estimate of what the property should be sold at?