Ridiculous strata fees gripe (again)!
I always have end up having to become a member of Strata corp in order to get all the information. One of my Units was so badly managed we were being ripped off hundreds of thousands of $. I managed to...
View ArticleLandlord or contents insurance for the self managed?
the bond may not be required - check the insurance first. If you trust your parents, then why leave the money sitting in non-interest bearing account. I took out full Landlords insurance for a relative...
View ArticleRenovation advice...
Quote: Originally Posted by fernfurn (Post 869329) Ariety - what does "paid for the BSA to come underthe builders contract" mean. You thenseemed to become an owner builder anyway - in the words of...
View ArticleNewbie on where to buy
If you live in Brisbane, why not look in your own area. You will know it best. I would purchase Brisbane over Adelaide at moment as Brisbane is already at bottom and in 5 years I believe you will get...
View ArticleBest Landlord Insurance?
Quote: Originally Posted by Georod3 (Post 871655) I'm with Westpac for both building and landlord.. The rates are good and coverage seems good.. Plus I get a discount having both.. (my house too) I'm...
View ArticleNewbie on where to buy
I agree, as a newbie, you need to do your own research and also you'd be surprised how much you know about your own areas, thats why I say stick close to home. Chermside has units in your price range....
View Articlescaremongering!
http://www.news.com.au/money/propert...-1226248472949 My friends have sent me this link and told me to watch out.... scarey! :rolleyes:
View Articlescaremongering!
Quote: Originally Posted by willair (Post 872675) Mr Wirsz joins other international naysayers including visiting US economist Harry Dent who recently said Australian house prices were 50 per cent...
View Articlescaremongering!
It's nonsense like that which is not backed up by any reliable evidence which the media love to promote and which makes it very hard when you are trying to help friends or relatives think about their...
View ArticlePPOR in Adelaide with good Capital Growth?
I think both ways are good. If its PPOR but you want to make some money from it, then there is nothing wrong with a newish townhouse which in 4 years time will need only a lick of paint. If you are...
View ArticleSeaton SA
I agree with Erica. I think in the long term those areas will undergo change and the housing trust sigma will disappear. I have a friend who bought a 60s red brick ex- housing trust in Lockleys (not...
View ArticleProposed Shopping Center close to home - Good or Bad?
Yes, those sorts of amenities are great selling points so if you end up hating living so close to a shopping centre, selling will be easier!
View ArticleBuying in Flood prone areas in Adelaide...
I remember flooding in Unley within last 20 years and it was 1 in 100 year flood, nothing as bad as Brisbane flood but anywhere that is near a culvert or stream could potentially flood and the weather...
View Articlerent PPOR or sell - advice needed
I have a friend who has recently married and just purchased a new home with her husband. She purchased a small house 3 years ago and now has 50% equity. Would it be better for her to sell her own house...
View ArticleManaging interstate IPs
I've had a similar problem with a tenant who claims her hotplates are intermittently not getting hot. I called the electrician who went and checked and could find no problem with the hotplates. He told...
View ArticleTree lopping costs
I've had to pay for an arborist to checkout a 'significant' tree and certify that it was not only well and truly dead but was not a home for native animals. Even though this huge gum was leaning...
View Articlerent PPOR or sell - advice needed
Thanks Kev, my thoughts exactly. I know she will regret selling at low price especially when prices go up. I will pass the info on.
View ArticleFirst investment, scared!
I was very scared with my first IP but in retrospect it was very low risk. So my advice is to find a 2 bedroom unit in small block near public transport. Do you r research and find out where the low...
View ArticleManaging interstate IPs
Quote: Originally Posted by MTR (Post 1023350) Don't do your own property management, property investing 101.;) I know, it's not something I would advise others to do but we've always done our own and...
View ArticleAdelaide Suburbs Low Stock, Why?
Quote: Originally Posted by ad5 (Post 1020104) I am currently looking to purchase a typical family sized home (not courtyard/townhouse) in the south west region of Adelaide, the suburbs one back from...
View Articlemount warren park unit gone down in price?
Is this possible for my friends to have been given this advice? They purchased an investment unit 4 years ago for $205K and put $20K deopist and had to pay mortgage insurance. The unit is upstairs in...
View Articlemount warren park unit gone down in price?
But are they likely to get refinancing for the full amount of at loan at yes (correct) Interest-only loan or will they be forced to take the principle and interest loan? ( I was multitasking as I was...
View Articlemount warren park unit gone down in price?
Quote: Originally Posted by starter (Post 1025662) What's the risk of getting it valued? It's a couple of hundred, some broker will even do it for free. I agree. I think they are worried that if their...
View ArticleMurray Bridge..Forget the stigma!!
Quote: Originally Posted by jim1964 (Post 1025614) Settled today.Happy Birthday to me....................YaY. http://www.realestate.com.au/propert...idge-111193471 congrats...looks solid.
View ArticleWhen buying, to do checklist?
I do the pest and building inspection in cooling off period. Forget how much time you have in Vic (if that is where you are purchasing). In SA its 2 working days, in Qld its 5. Also go to council and...
View ArticleThe Living Room reno at Blacktown with Cherie
I am impressed with the amount of work for the amount of gain. Would the fact that it was on a TV show help to increase the price of the property when selling? I spent a lot of time in Blacktown in...
View ArticleSelf Managing IP
They may get pissed off with only 2 days notice and take their time giving you all your documentation. I'd give them a week - How do the tenants pay? and how often, because if they pay to PM, you will...
View ArticleAdelaide Investment Suburbs
Quote: Originally Posted by Kippaxian (Post 1077011) Watching this thread with interest as looking at a property between morphett vale and sellicks beach. Any tips/advice welcome ? Also feel free to...
View ArticleBuying in Hackham West SA
Quote: Originally Posted by Brady (Post 1079939) Another cheap affordable homes property! http://www.realestate.com.au/propert...rt-propdetails Sulli's beach is often overlooked. It is so close to the...
View ArticleBathroom and tile resurfacing?
I am getting a small bathroom unit done as we speak. the guy said it would take 3 days but might be ok in 2 for the plumber to put in new toilet and handbasin. There is a 10 year warranty so it better...
View ArticleBathroom reno ideas
I really like a separate toilet especially for the main bathroom but you know it is all the rage to have a large bathroom these days, so if you have to have a toilet in it to open it up, then I'd do it...
View ArticleSunnbank Hills
I have a property near Jackson Road (probably West) - great little earner, large block, post war lowset, never vacant. I do intend to knock it down one day and build a two story like next door. I...
View ArticleBathroom reno ideas
I think valuers go on sq m of whole house but will look how many bedrooms/bathrooms and what size and size of land, quality of building materials in the structure and the fittings, age of building,...
View ArticleWho here self manages their investment property?
My hand is up - I deal with my own tenants and have never had any trouble. But then you can't say I won't have problems in the future. The one time I let an agent get me a tenant, they only gave me the...
View ArticleOnly renewing landlord's insurance (apartment) near end of contract
Actually I don't' think banks will loan you money for an IP unless you have LL insurance - well mine won't anyway.
View ArticleOpinions required on adding value to recent purchase (QLD)
For a rental it looks in good condition. I agree with Wylie and only do the minimum. It looks fine for a rental, believe me and I don't think there is much in that area - you have to go to Logan to...
View ArticleOnly renewing landlord's insurance (apartment) near end of contract
I am interested in accidental damage. Can;'t believe my insurance doesn't pay for it. My tenant accidentally damaged a small portion of the lounge carpet (dropped a roast pork on it!) and the insurance...
View ArticleWho here self manages their investment property?
Quote: Originally Posted by wylie (Post 1232209) We've never had trouble getting landlord insurance. nor us and I have managed property for over 10 years.
View ArticleShower waterproofing becomes a bathroom reno
I have looked at same issue with a small bathroom where shower needed waterproofing. Ended up not using shower but putting screen over bath and making tenants use the shower in there instead. I am now...
View ArticleShower waterproofing becomes a bathroom reno
Quote: Originally Posted by Scott No Mates (Post 1232601) You will still need to waterproof your walls otherwise you will get water penetration. But the cubicle is self-contained (walls and base) the...
View ArticleOnly renewing landlord's insurance (apartment) near end of contract
Quote: Originally Posted by miss green eyes (Post 1232532) Arriety, talk to brettc, rentcover does accidental. thanks green eyes - I will!
View ArticleBathroom and tile resurfacing?
My bathroom tile resurface (Thermoglaze) and new fittings is completed! This is my very first basic bathroom makeover. I love the tile resurfacing as it was quick, painless and took only 1 day. I have...
View ArticleUnder-floor heating
Best heating we've ever had, although we do have cold winters in Adelaide! We've just finished the kitchen and dining area, about 40Sqm, and my husband did the laying and he said it was very easy. We...
View ArticleFerny Grove, Upper Kedron and Capalaba
I have a IP in Ferny Hills which seems to be the poor cousin to Ferny Grove. Neither suburb has done well in terms of capital growth in recent years but that should pick up shortly. My IPs in Sunnbank...
View ArticleDo we need a draftsman or can we draw a small patio up ourselves?
Quote: Originally Posted by wylie (Post 1233223) With a week to mull this over and with a couple of Houzz updates received in that time (amazing site for great ideas) I looooove Houzz - so many great...
View ArticleFinally Bough First IP
Great work, Wrexter and thanks for sharing the photos and costings. I am about to do a full reno on an 80s house so those figures certainly help. I just don't think I could get it done as quickly as...
View ArticleBathroom and tile resurfacing?
$1800 - 10 year Guarantee. I got quotes - all about the same but these guys worked when I needed them and also did some extra tiling for me.
View ArticleCheap and easy benchtop covering?
I got a benchtop resurfaced some years ago when it was practically unheard of or recommended (The original was some ghastly orange colour) - it looked fantastic afterwards - it was now black. I don't...
View ArticleFerny Grove, Upper Kedron and Capalaba
Quote: Originally Posted by ferdinandch (Post 1234579) Hi there, Why is that? The price is pretty similar for land. I went to Upper Kedron to Jarrah Estate in Cedar Creek, leftover land available are...
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