Where and when to buy?
Great data. I'm going to go through my purchases and check the dates of when I did buy to see what shade of green it was then (or maybe red eek....!)
View ArticleWhat's your view on apartments?
I have one of those service apartments which i purchased years ago before it was service apartments and then I signed that dreaded 15 year lease. Its one bed 60Sqm and while I've had quite good returns...
View ArticleWhat property "experts" do you rate?
Quote: Originally Posted by Rixter (Post 836724) Did you start out with an end in mind? Me with a plan? no but I was lucky property was cheap at the time and I just kept adding to my portfolio.
View ArticleIs this a good offer?
Quote: Originally Posted by cimbom (Post 867212) We are planning to renovate, live in it for 1.5 years and then rent it out. We have purchased an OTP property so will move into that once it is built....
View ArticleWork without building permit - VIC
IN SA I know of a case where a large illegal deck was sold with the house and really it was the deck and view which sold the house. The new owners (friends of mine) did not know or check that the deck...
View ArticleBath or No Bath Poll
I love baths but haven't had one in over a year! Just don't have time. I'd never buy a house without a bath because when going to sell, It does narrow your market -but for rentals in a tight market,...
View ArticleAdelaide
SA is a weird place to invest IMHO. Some of the suburbs are quite expensive compared to same type of place in Vic or QLd. Houses can be 30K away from city with crappy public transport and be way over...
View ArticleAdelaide
My understanding is that Strata Corporation is what the body is called in some states (SA for sure) and Body Corporate is what it is called in QLd and possibly elsewhere. In Each state the body comes...
View ArticleLandlords Insurance - spread the word
Quote: Originally Posted by zeph34 (Post 867683) I didn't know about depreciation reports etc till a friend told me just before tax time. When I took my books to the accountant to do my taxes, he was...
View ArticleRenting from your own PPOR
You won't attract capital gains on PPOR so why not sell and get something cheaper and pay down some debt. Buy something that needs painting and tidying up, then use it to live in it to tide you over...
View ArticleBuying 2nd Property - Question
Quote: Originally Posted by wealthy1 (Post 867616) I'd like to live closer to CBD as I'm single and would like to be close to social amenities. So better to rent or buy? I always think its better to...
View ArticleRental yield
Quote: Originally Posted by travelbug (Post 867598) This frustrates the hell out of me. Now I'm not greedy and do not push my rents to the limit but I want what's fair. I bought a villa under market...
View ArticleIs this a good offer?
Quote: Originally Posted by cimbom (Post 867756) I put in offers for both properties and I will find out tomorrow. I think I may have better luck with the one that needs to be renovated. Fingers...
View ArticleInvesting in Penrith..?
I visited Penrith a few years back and really wanted to invest there. Somewhere near that great shopping centre would have been great. I was so impressed with that Plaza. I'm guessing the price of...
View ArticleRenovation advice...
I've just completed a reno in a Brisbane but this is going to be your PPOR for up to ten years so I think the motivations are quite different. Your tax concessions will be a lot less once you rent the...
View ArticleA Collection of Somersoft Forum Stories, Lessons & Updates
Thanks for starting this great thread Redwing! Am enjoying the reading and getting motivated again. Haven't been active in the forum for a while (been busy renovating IPs) but want to start looking at...
View ArticleRenovation advice...
Have you checked what steps are required for getting planning permission in your area? Its quite complicated. I live in SA so it was a steep learning curve when undertaking major renovations in...
View ArticleAdelaide
Quote: Originally Posted by firstmillion (Post 868463) Hi, I have recently purchased 2 more IPs. 1 each in Gilles Plains and Windsor Gardens for 250K each. Both of them are sub dividable blocks with...
View ArticleAdelaide
watch out for serviced apartments. Make sure you have the option of owner occupier as well otherwise you have a limited market at sale time.Might look good on paper CF+ for a few years but when if you...
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