https://www.propertyinvesting.com/members/andykirby/activity/ Activity feed for andykirby. Sun, 12 Apr 2026 08:49:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 085c46576cdd693533641145be65d756 https://www.propertyinvesting.com/topic/4404516-risk-of-defaulting-owners-in-a-body-corporate/#post-4654322 Thu, 25 Aug 2011 11:09:52 +0000 I think it varies from state to state. I'm based in Victoria & I remember discussing this issue with our owners corporation management, they said that in extreme cases the owners corporation can take the non-paying owner to court if need be. If a non-paying owners sells and there are arrears on the owners corporation fees, the owners corporation…[Read more]

]]> b3db2d7b7479906978602aaf631b0005 https://www.propertyinvesting.com/topic/4402502-solar-energysolar-hot-water-whats-the-best-options/#post-4639935 Thu, 20 Jan 2011 11:10:13 +0000 Hi Propertymistro,Choosing between the two will depend on some specific aspects of your property, such as the orientation of the building (which side faces north, and how much space there is on the roof) and whether anything will block direct sunlight at any time of the year to that aspect of the roof. If you get quotes from companies for possible…[Read more]

]]> 1b1738b61f1e0be503e5547d53ec2790 https://www.propertyinvesting.com/topic/4401247-motivation-for-life-partner/page/2/#post-4632139 Thu, 20 Jan 2011 10:52:03 +0000 Hi Alex,When we started investing, my wife wasn't too interested in it and most of the work was down to me. That wasn't a problem for me because I enjoy the crunching the numbers and learning how to invest, whether it be property, shares or whatever.Around three years ago, in the run-up to my wife's birthday, I asked her what she wanted; she told…[Read more]

]]> a2b04ae73fc36cb765ff338948c6625e https://www.propertyinvesting.com/topic/4400996-sshh-this-is-secret-part-2/#post-4630648 Fri, 27 Aug 2010 08:55:20 +0000 Hi Number 8,Don't worry too much about being controversial, if everyone were the same life would be very boring, wouldn't it?Regarding your views on financial planners, I generally agree with what you say. Most financial planners are generally misnamed, they're financial salespeople. They have products to sell, and they'll try and sell you one.…[Read more]

]]> 5fae0ee9f4114b690fd3646dcc64c9d0 https://www.propertyinvesting.com/topic/4400583-hello-im-new-but-i-think-ill-stick-around/#post-4628193 Sat, 17 Jul 2010 09:43:27 +0000 Hi Intrigue,Good decision to stick around, I think. You'll learn a lot by looking at the postings of some of the people who write on here.Reading your post, it sounds like you're just starting the journey into investment. If I may say so, you've already made a good start by asking yourself some of the fundamental questions all investors should…[Read more]

]]> 76736d872bd781a889d4c58f0dff9628 https://www.propertyinvesting.com/topic/4400567-furniture-rental-company/#post-4628094 Thu, 15 Jul 2010 09:23:09 +0000 the cost was (from the top of my head) approx $2,500. This was for a 2 bedroom unit, and included Staged Homes delivering and setting up the furniture, and collecting it after the auction.As for the auction itself, things didn't go well for various reasons that were unconnected with the Staged Homes setup. It's very, very, complicated…………

]]> 95c467b803be0ddda0010b5a72a96fb9 https://www.propertyinvesting.com/topic/4398255-community-title-3/#post-4614047 Thu, 15 Jul 2010 09:17:51 +0000 Just found this information from the NSW Land & Property Management Authority;Community titles The community titles legislation was designed to fill the vacuum between conventional methods of subdivision and strata subdivision to enable shared property to be created within conventional subdivisions. The Registrar General's Directions for…[Read more]

]]> ebd3e4af30d54425c5adfb71fcd055b2 https://www.propertyinvesting.com/topic/4400567-furniture-rental-company/#post-4628092 Thu, 15 Jul 2010 02:09:02 +0000 We recently used Staged Homes, and were very happy with their service. Katrina Maes, the lady in charge, did a great job of selecting furniture and the layout to complement the best aspects of the property we were selling.We specifically asked the RE agent doing the open inspections to keep an ear open for any comments on the layout, and he only…[Read more]

]]> 151ab6029fce2b7a65f0365d4d98a626 https://www.propertyinvesting.com/topic/4400319-keeping-the-buggers-honest/#post-4626454 Wed, 23 Jun 2010 04:46:45 +0000 Whilst we're on the subject of bank horror stories…….We were supposed to complete on the sale of a property last Friday. Our solicitors received a call from our bank (one of the big four, begins with A) 24 hours before completion to tell us that they can't find the title deed, therefore the title cannot be transferred, and completion cannot go…[Read more]

]]> ab81a30a842109d5124edf16114dd1f0 https://www.propertyinvesting.com/topic/4400226-renovating-from-a-distance/#post-4625986 Mon, 21 Jun 2010 02:05:59 +0000 Hi Jess,we considered doing some renos from afar, but found that the main problem we had was being able to work out how much the renovation would cost before making an offer on a place. Normally, we take the reno cost into account before making an offer and this includes quite detailed pricing to try and avoid (or at least minimise) any cost…[Read more]

]]> a2b8196ff1538e8e51867ee2bd8858c9 https://www.propertyinvesting.com/topic/4396559-dean-parker-the-complete-renovation-system/#post-4605672 Mon, 07 Jun 2010 03:49:10 +0000 I've got an earlier version, the Renovation Toolbox (bought a couple of years ago, before the 'Complete' bit came out). If I understand correctly, what I bought makes up part of the 'Complete' system, and my part is very comprehensive!  It's a series of spreadsheets that allows you to cost your renovation, and it covers everything you could…[Read more]

]]> 181d80c48af4a12c343373ab583adbdf https://www.propertyinvesting.com/topic/4400061-loan-refused-on-overactive-credit-file-grounds/#post-4625026 Fri, 28 May 2010 04:08:06 +0000 Yeah, looks like you hit a rock!I suspect it's the credit card enquiries, that many enquiries makes it look like someone's shuffling thier debt from one card to another to take advantage of the low interest periods on newly transferred debt. However, knowing this now this doesn't help you out of this particular hole…..As someone's already…[Read more]

]]> 24e1a14789917c4857fe588b566cdea2 https://www.propertyinvesting.com/topic/4399352-advertising-on-realestate-com-au-if-we-self-manage/#post-4620942 Fri, 14 May 2010 03:33:32 +0000 Hi Marcus,Thanks for sharing that tip. We're thinking of self-managing and was looking at exactly the same hurdle (i.e how to find your tenant).

]]> 7a48905f268e5319e21e54708c86024b https://www.propertyinvesting.com/topic/4399887-greece-the-european-union-crisis-averted-or-impending-doom/#post-4624247 Fri, 14 May 2010 03:23:27 +0000 Hi Steve,Lots of interesting points in a well thought-out pice. A couple of extra facts to add into the mix;1. You mention that they spent more than they earned (from taxes and revenue) and this alludes to one of the major points differentiating the Greece situation with other countries. Greece has a chronic tax evasion and corruption problem.…[Read more]

]]> c1cf97e0bd52107805d8b3e72077e3fd https://www.propertyinvesting.com/topic/4399824-3-day-mega-conference-opinion/page/4/#post-4623874 Wed, 12 May 2010 01:20:47 +0000 fitzydarling,A great piece of advice. The reason my wife and I got our investing strategies together and pulled our fingers out was because a couple of close friends died way too young (both in their mid-30s/early 40-s) in 2008 and It made us look at what we were doing with our lives. As I've heard repeatedly, look for the 'why' in doing what…[Read more]

]]> 3bc17941b201f766b05f208d40393b65 https://www.propertyinvesting.com/topic/4399824-3-day-mega-conference-opinion/page/4/#post-4623856 Tue, 11 May 2010 06:57:08 +0000 Interesting to read all the comments, both positive & not so positive…..A few thoughts;The Tax Liens were, I thought, pretty well explained. Most of the issues bought up by Magbof were covered in either the keynote or workshop. If fact, they emphasised that the purpose was not to get to own the property, and to select liens that you would expect…[Read more]

]]> ee9d7facdc53fe834d9d2a23e287563c https://www.propertyinvesting.com/topic/4399581-so-whos-going-to-the-3-day-mega-conference/page/4/#post-4622599 Thu, 06 May 2010 00:56:30 +0000 I'd noticed the amended page too, and emailled Emy at PI to ask about the ticket numbers. She said not to worry, just turn up at the registration and they'll issue everything to you there.

]]> e819751548c5e0697ebcfefc5137fe36 https://www.propertyinvesting.com/topic/4399581-so-whos-going-to-the-3-day-mega-conference/page/3/#post-4622589 Tue, 04 May 2010 11:24:45 +0000 There's a few postings from people with conference tickets spare, have a look around. I know that some people pull out at the last minute and Steve's people may be able to get buyers and sellers together (that's how I got my first conference ticket, if memory serves). It may be worth giving them a call, but be patient with them: They're going to…[Read more]

]]> e3af93d5c5b1b06572286de39af2876f https://www.propertyinvesting.com/topic/4399581-so-whos-going-to-the-3-day-mega-conference/page/3/#post-4622584 Mon, 03 May 2010 23:35:57 +0000 The conference has some 'keynote' speakers who speak to the whole conference, with three or four workshops per day on different subjects (some of the workshops are repeated so if you can't make one session you'll have another chance later).As to the number of people attending, it's in the hundreds! I'm not sure exactly, but the last couple of…[Read more]

]]> 74e151b36cba42ba7173f6368f17cf2d https://www.propertyinvesting.com/topic/4399581-so-whos-going-to-the-3-day-mega-conference/page/3/#post-4622579 Mon, 03 May 2010 10:26:12 +0000 Wow, glad to hear that there's going to be so many people heading to Melbourne for the conference. I live in Melbourne and this'll be the third conference in a row I've been to. Steve has promised that he'll be taking it around the country (Sydney was last year, and I think that Brisbane / Adelaide will be next year, but don't quote me on that).…[Read more]

]]> 8b30ca34e5a1bff5e50e5a5064fc6100 https://www.propertyinvesting.com/topic/4399533-stupidity-test-to-become-a-banker/#post-4622191 Mon, 19 Apr 2010 09:28:28 +0000 Ha !Always good for a laugh, thanks for posting. It sounds like an average banker's IQ has to match the average bank interest rates

]]> 17e0221ec28d3362272de838165e1077 https://www.propertyinvesting.com/topic/4399539-energy-efficient-rental-properties/#post-4622228 Sat, 17 Apr 2010 10:24:07 +0000 Hi Ladybird,Some of the energy efficiencies will be down to the tenant (use of applicances, TV etc). However, a lot of the efficiencies are built in, so you have a lot of control over how efficient the homes will be. Depending on how far you are in the process, the properties will have an energy efficiency rating (using a software tool called…[Read more]

]]> eb7e64850a822980d5bfab0306f9d537 https://www.propertyinvesting.com/topic/4399454-add-10000-value-to-your-project-per-energy-rating-star/#post-4621597 Sun, 11 Apr 2010 01:46:03 +0000 Hi Scotty, Electric hot water units are the latest target due to their poor efficiency, especially storage tanks. The efficiency is not good, they warm up the water whether it's used or not. Instantaneous electric water heating (i.e. turn on the tap and the water heater starts up) will still be OK though. Obviously, if you already have an electric…[Read more]

]]> f6ce0916b498a83264f7741cd43f0045 https://www.propertyinvesting.com/topic/4398686-staging-furniture/#post-4616575 Wed, 07 Apr 2010 06:56:28 +0000 Hi Vita,Our staging is for a 2Br apartment, and we're paying around $2,500 for 4 weeks in total. The staging is done before the photoshoot and runs through all the open inspections. Looking at the photos we have, it looks a lot better with furniture than just being empty. We also chose to stage because people very often look at apartments and…[Read more]

]]> 9d84cbace276be5a052d94f4ddea65eb https://www.propertyinvesting.com/topic/4398686-staging-furniture/#post-4616568 Tue, 30 Mar 2010 10:10:50 +0000 Hi Fredo,Are you still looking at staging ?If so, let me know. We're in the processof selling a two-bedroom apartment at the moment, and have decided to stage. In initial reactions are good, the property is an off-the-plan property and looked a bit bare. The effect of staging the place well is definately a positive one. Reply to this and I'll let…[Read more]

]]> 28f9279a864cbf0f2276d97be23984e5 https://www.propertyinvesting.com/topic/4399337-selling-in-mackay-rea-recommendation/#post-4620779 Tue, 30 Mar 2010 10:03:13 +0000 Hi Karen,Haven't gone through the sales process yet, but we bought from Professionals Mackay, the RE agents name was Robyn Land. She was very professional, answered calls promptly and generally did a very satisfactory job. A good place to start if you're looking for a start place.

]]> 466623b19d9e3dffcc16facc32b41ebc https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/#post-4619928 Tue, 23 Mar 2010 08:54:32 +0000 Hi Salina,Yes, they seem to be. Whenever me and my wife go to a viewing, agents always talk to me and generally ignore my wife. The fact that she's small and asian also seems to reinforce this attitude.This is great ! As people have already mentioned, you can use this to your advantage. Once we realised this, my wife would walk around taking notes…[Read more]

]]> 98c0b126f0a60e78405ea94ac14a860f https://www.propertyinvesting.com/topic/4399242-property-manager-in-rockhamption/#post-4620152 Tue, 23 Mar 2010 05:42:26 +0000 Hi Ladyo,We have a property in Rockhampton, and about a year ago changed to use a lady called Lyn Hansen who works out of an estate agents called Livingston & Molloy RE (they're part of the 'Professionals' chain of RE agents). She's always been quick to respond to any queries, and is very professional and knowledgable in the dealings we've had…[Read more]

]]> 508444c28e5eac22dd14ec3b1837f6c6 https://www.propertyinvesting.com/topic/4370362-tenants-evicted-now-for-the-clean-up/#post-4447282 Mon, 22 Mar 2010 05:58:43 +0000 Hi Blackjack,Sorry to hear about the problems you had. We had a similar situation about a year ago. Our tenant left but the place was left in an absolute state, fleas in he carpet due to the tenant owning a dog, dents in the internal plasterboard walls because the son played soccer indoors, broken windows due to the soccer games, etc. Our PM…[Read more]

]]> 3865b724fc3c66953b55a0c76a64bafe https://www.propertyinvesting.com/topic/4398986-taking-equity-out-from-my-ppor-and-invest-in-shares/#post-4618418 Wed, 03 Mar 2010 22:23:35 +0000 Hi Talis,You're right, I do sound like my Dad ! I must be getting old……When I got a margin loan, I calculated a 50% LVR (basically, borrow a dollar for every dollar you put in). What I also did was make sure that I had a further 20% in cash that could be put into the margin loan account in an emergency. For example, for every $10,000 you…[Read more]

]]> c7cb040e9c82182e18d24fbbfb4eb4f7 https://www.propertyinvesting.com/topic/4398986-taking-equity-out-from-my-ppor-and-invest-in-shares/#post-4618414 Wed, 03 Mar 2010 11:13:09 +0000 Hi Talis,You can do what you say, but may I issue a word of warning. If you've been following the news recently, the people who invested through Storm Financial were encouraged to do pretty much what you're suggesting (i.e. take equity our of their PPOR, use that to leverage into shares) and a lot of people got completely wiped out! Obviously,…[Read more]

]]> 285762404f9623c9b0cb7ef7e59f2820 https://www.propertyinvesting.com/topic/4398958-cert-iv-issues/#post-4618194 Tue, 02 Mar 2010 10:37:58 +0000 Without pushing too hard, I think you should be making something of an issue of this. I'm not sure of the rules for accountants, but it's a requirement for any company with an Australian Financial Services Licence (AFSL) to monitor, provide and record training for their employees. Is there anything similar inn accountancy circles?

]]> 89f172d66830d2ffb6fc81df070942a3 https://www.propertyinvesting.com/topic/4398794-agents-authority-for-urgent-repairs/#post-4617246 Wed, 17 Feb 2010 06:51:46 +0000 Hi Andlim,That's understandable, from what I understand there are quite strict measures as to what consitutes urgent repairs, there's a list of situations and scenarios starting on page 16 of the CAV guide that you can find here and may be useful;…[Read more]

]]> 148de85c2ec535c4627df22479e5b1d6 https://www.propertyinvesting.com/topic/4398794-agents-authority-for-urgent-repairs/#post-4617244 Wed, 17 Feb 2010 02:26:57 +0000 Hi Andlim,The figure of $1000 is mentioned in the Residential Tenancies Act of 1997 (Section 72), but you should be aware that it's only applicable to urgent repairs (defined as safety and security repairs by Consumer Affairs Victoria). Section 32 also mentions 'landlord or agent', so the agent is authorised to act on oyur behalf.So, in answer to…[Read more]

]]> 183ec78086cd876240c546e84b98c914 https://www.propertyinvesting.com/topic/4398529-can-i-put-solar-panels-on-my-investment-properties-and-collect-0-60-per-kwh/#post-4615776 Thu, 28 Jan 2010 07:13:15 +0000 Hi Cataldop,In short, i think the answer will be 'no'. In Victoria, the payment is a 'net' payment i.e. any electricity generated by the solar panels will be used in the home first, and any surplus will be fed back into the system at the $0.60 kWh. As far as I know, there's no exceptions.

]]> 49975eced7ddc124f3a4a427653342f5 https://www.propertyinvesting.com/topic/4398366-property-shares-big-lump-of-gold-under-the-bed-help/#post-4614728 Thu, 14 Jan 2010 07:36:08 +0000 Hi Elmondo,This is a property website, but I'd be surprised if everyone only buys property. Either that, or I'm the odd one out…….Diversification is definitely the way to go. Spend time with a good financial advisor on how to spread the asset allocation and don't make any hasty decisions, remember the old adage about the deal of a lifetime…[Read more]

]]> 27d0441b0895358f62cf1fd7fc11a00c https://www.propertyinvesting.com/topic/4396940-check-my-figures/#post-4607597 Tue, 11 Aug 2009 06:54:10 +0000 As far as I can tell, all figures seem to have been covered but in my experience your figure for holding costs may be a little low.Think of it as a 'money-in, money out' timeline i.e. you first put money in as a deposit, maybe wait 30 days for settlment, do the reno work, put it back on the market, sell the property, then wait for settlement…[Read more]

]]> be5c9f2999637f96a4165215ca1db71b https://www.propertyinvesting.com/topic/4396715-has-anyone-used-the-website-cashflow-capital/#post-4606478 Sat, 18 Jul 2009 06:29:11 +0000 A few other people have already posted this type of question. I suggest you search for "cashflow capital" in the search box at the top right hand side of this page and see what people have previously said…..

]]> f5061610f8e8496513ee04cecb5a386e https://www.propertyinvesting.com/topic/4396417-economic-demographic-details-of-a-suburb/#post-4604937 Tue, 09 Jun 2009 08:47:50 +0000 Hi Joyce,Try the following link;http://abs.gov.au/websitedbs/D3310114.nsf/home/Census+datato get to the initial page of census data. If that doesn't work, try the keywords 'Census Data' and you should be able to find your way to the same page.

]]> b999387b773ae48983c2a5764c6353d5 https://www.propertyinvesting.com/topic/4396322-information-re-cashflow-capital-pty-ltd/#post-4604427 Fri, 29 May 2009 06:43:53 +0000 We've purchased through them in the past, and they've found good properties if you're looking for positive cashflow (although CF+ properties are easier to find at the moment). A lot of the properties they list are available on sites such as realestate.com.au etc but they also have buyers agents in certain areas that get properties before they go…[Read more]

]]> 7e8221f27901d9920d18348932ca2d87 https://www.propertyinvesting.com/topic/4396216-commercial-peoperty-as-an-investment/#post-4603910 Thu, 14 May 2009 03:52:01 +0000 Hi Julee,Commercial property is a whole different ballgame to residential properties. I've looked into it previously, and can suggest a couple of books to read to see if you want to go for it or not. These are;How Investing In Commercial Property Really Works – Authors Martin Roth & Chris Lang, published by Wrightbooks ISBN 0-7314-0293-6Good…[Read more]

]]> cca6f46eaa86c2e7274473ca8bc5ccde https://www.propertyinvesting.com/topic/4396111-what-will-happen-after-june-30th-when-the-fhog-finishes/#post-4603316 Tue, 28 Apr 2009 03:26:16 +0000 Just received this from a property email I subscribe to (Terry Ryder's Hotspotting);The idea that the first-home buyers market will stop on 30 June (the deadline for the First Home Owners Grant boost) is gaining traction in the media but it is based on ignorance and misinformation. A number of organisations have surveyed first-home buyers to…[Read more]

]]> 2e4bd3a6c9aa335c5517fbf9300f6f7c https://www.propertyinvesting.com/topic/4396086-fhog-to-be-scrapped/#post-4603262 Fri, 24 Apr 2009 05:57:50 +0000 What has been suggested is that the additional $7,000 added to the existing FHOG (or $14,000 for newly constructed homes) last November will be discontinued after 30th June, which was always the intention, not that the FHOG will be scrapped (some news articles I've read today seem to have blurred the difference a little…).Like all temporary…[Read more]

]]> 304a1cd898d79c84be393b69437426eb https://www.propertyinvesting.com/topic/4395969-top-5-landlord-mistakes/#post-4602292 Sun, 12 Apr 2009 06:36:59 +0000 Hi All,After just having an experience similar to michaela_alvares, I'd like to add mistake number 6; not having a good property manager !We 'inherited' the property manager when we bought the property, and given that we were new to the area kept them for a period. The tenant's just moved out without paying the final couple of weeks rent, the…[Read more]

]]> c90750ed35c20e2504cd1792ebd7389b https://www.propertyinvesting.com/topic/4395732-deposit-or-deposit-guarantee/#post-4601104 Fri, 20 Mar 2009 04:49:28 +0000 In early 2008 we bought an off-the-plan for approximately the same price and same period, the deposit required was 10% which equated to approx $53,000. We decided to use a deposit bond which cost us approx $7,400 instead. Our primary reason for doing this was because we decided we wanted access to the remaining cash for other possible investments.…[Read more]

]]> cd246376680da3f3dcc5280a22465f2f https://www.propertyinvesting.com/topic/4389421-first-investment-property-stress-syndrome/#post-4566914 Wed, 18 Feb 2009 07:32:44 +0000 I've just spent the day looking around Springvale, and had similar thoughts to most of the people above. I live within a couple of KM of Melbourne CBD and we've been looking to invest in Melbourne for a while. We mainly look for positively (or neutral) geared properties, and hadn't previously found a lot of value in Melbourne. Crunching and…[Read more]

]]>