[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

October 31, 2015 - 5:26 pm

Thanks for your replies everyone.

I did it myself except for the tiling and new sink.

I would post pictures if this site allowed it. I don’t have anywhere I can upload it to for a link. The picture hosting sites are too confusing.

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

April 11, 2015 - 1:14 pm

If I was going to get the floor tiled too, would the tiling come before the new kitchen and go on top of the tiles?

Or do the kitchen benches/cabinets/cupboards get put in first, and just tile around where they have been put?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

December 11, 2014 - 9:51 pm

I think it can keep rising steadily, particularly if interest rates are cut early next year.

A whole new group of speculators and tyre-kickers who would be sidelined now are able to enter the market when rates drop meaningfully.

Can anyone point to a time when house prices have fallen WITHOUT interest rates rising first (i.e. while rates have been flat or falling)? I’d genuinely like to know if there has been a time like that in the last few decades.

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

October 31, 2014 - 11:42 pm

How to take it to the next level from duplexes/townhouses/small subdivisions to bigger developments with higher margins….?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

October 27, 2014 - 8:31 pm

Do you ever put a new kitchen in?

If so, how much does that cost?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

October 26, 2014 - 8:32 am

TheFinanceShop wrote:

ANZ is the worst lender for multi unit construction under resi lending. They have a max LVR of 70%.

If you are talking construction and 4 units on a single title then only Bankwest, RAMS and Heritage will lend to you under resi lending. Max LVR would need to be 80%.

RAMS would consider 5 under a single title but case by case and it must be a strong application. Anything over 5 is consider commercial.

IR is not going to change – LVR is the big thing that varies.

Also remember that under resi lending – your biggest problem is going to be valuation as its valued in one line rather than end value.

Thanks for your response – much appreciated. I wish my broker had’ve sent me to one of those banks then, because I could’ve saved 6 months.

So with commercial lending, what would a typical LVR be for a multi-unit construction (e.g. 10 units)?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

October 17, 2014 - 9:49 pm

I put it on there for $100. He talked me down to $50, but I didn’t care, I told him to pick it up and give the money to the tenant. I let the tenant keep the money. I just wanted the metal gone.

You sound like you’ve got a fair bit more than I did though – maybe a couple of hundred dollars would be appropriate….?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

October 13, 2014 - 6:25 pm

mate i had the same situation with metal from a carport.

put it on gumtree and someone should ring within the hour.

people love scrap metal.

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

August 1, 2014 - 8:41 pm

G’day Oscar.

Is rent from properties your only income? If so, how do the banks treat your income when you apply for loans?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

May 25, 2014 - 6:21 pm

Wow thanks for all the great responses everyone.

I don’t understand the banks’ approach to this…. why isn’t rental income considered to be more secure than a salary? Someone could get sacked at any moment, but a house would rarely burn down….?

Also why would AMP have a policy of not lending to anyone with more than 10 properties?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

April 1, 2014 - 9:05 pm

Everyone's responses have been very helpful – thankyou!

I just wish I could post a plan of it.

What about the idea of having only 12 square metres as a backyard?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

March 20, 2014 - 8:53 am

Where is somewhere I can upload pictures to off-site?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

March 16, 2014 - 6:46 am

To the administrator, it would be really good if you could upload pictures from the computer, not just a link from a website.

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

March 2, 2014 - 10:36 am

Read the Development Control Plan

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

February 21, 2014 - 10:44 am

Would you need to amend the strata plan to reflect the new configuration?

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

August 25, 2013 - 12:00 pm

I'm thinking of buying an apartment in Santiago.  To the original poster, if you ever come back to the forum, I'd appreciate any info you can share about strata laws (or the Chilean equivalent) in the country.

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

August 10, 2013 - 10:23 am

Catalyst wrote:

I believe interest rates will be low for a while but they can't stay low. THIS is when it gets interesting. If it's true that new time investors are buying we may see some correction when some can no longer hold onto properties. When interest rates go from 5% to 8% in a short time it will hurt the unprepared. On a $300,000 property interest will go from $15,000 to $24,000pa. Not many people budget for having $173 less per week.

      I agree. Alot of these people must be marginal. Where were they when the RBA rate was 5%? Prices in some Sydney suburbs haven't moved at all in years…. The properties have been there all this time and yet only now do they appear attractive to some investors because of low interest rates… 

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

July 28, 2013 - 8:09 am

mentee wrote:

Hi alfrescodining, I was thinking the same way before but was limited by the window on LHS of entry, this will significantly reduce the living area. Even by reducing the size of the kitchen.

    But you would avoid having to touch the kitchen at all.  The new bedroom wall could start just after the window. Living/dining area could be open style with no dividing walls. Sure the living area would be smaller but you don't have to live there.

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

July 25, 2013 - 10:18 am

Why not put the third bedroom at the southeastern end of the house and reduce the size of the lounge/dining area? and avoid destroying the kitchen.  

[alfrescodiningParticipant@alfrescodiningJoin Date: 2012Post Count: 160]

July 23, 2013 - 11:22 pm

There is no minimum bedroom size under the BCA. States or Councils might set one though.  You should at least make the wall of the third bedroom go past the end of the window facing southwest.  Also check if the Council requires extra car parking based on number of bedrooms in the villa.