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Tip for buying a unit


When buying a unit, request from the selling agent a copy of the minutes from the owners corporation meetings, preferably the last two meetings.    This will indicate any outstanding maintenance and costs that you maybe liable for the future. Harry Lew Director Licensed Estate Agent

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Tip for buying at Auction


As a buyer its easier to negotiate the terms your want, a few days before the auction. For example, you ask the selling agent "will the owner take a 90 day settlement".  The agent will always invariably encourage the owner to accept your terms as this adds more competition to the auction.  Note that this may not be anounced at the auction as the owners may prefer a shorter settlement. This means you may be the only one bidding on your favorable terms. Harry Lew - Director Licensed Estate Agent     

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Lifestyle comes at a cost!


If you purchase a holiday home and ask the question "Is this a good invesment?". My question to you will be, whats the projected percentage net return you would be receiving per annum? If you cannot answer this question, researching more historical property data may give you the answer. Harry Lew - Director Licensed Estate Agent                

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Termites more of a concern when buying in Bayside...


Termites attack “virtually every timber” of house   Emma Watson, Mordialloc Chelsea Leader March 21, 2017 3:15pm DREAMS of a beautiful investment property quickly became an expensive nightmare when Kerri Hancock discovered termites in her house. “Virtually every timber in the house has been affected,” Ms Hancock said. The Kingston woman decided to add her voice to Leader’s “War on white ants” campaign in order to warn other homeowners to check for the highly destructive insect. Leader is calling on Kingston council to declare the region termite-prone, which would force developers to ensure anti-termite measures are incorporated in all new builds. Ms Hancock’s destroyed property in Seaford was built in the 1970s, long before Frankston Council declared itself a termite prone zone and introduced new building controls. She said her horror experience prompted her not just to support the push for Kingston to join decla...

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