https://www.propertyinvesting.com/members/basbog/activity/ Activity feed for basbog. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0feb5e78ec3cf69f407906de62dcf744 https://www.propertyinvesting.com/topic/4405648-subdivision-in-regional-sa/#post-4662246 Fri, 20 Jan 2012 06:05:41 +0000 Major builders will charge you more as well, my guess 12k per dwelling on top of normal price, local builder over there will be much higher than normal cbd prices

]]> ab5284429af70dba89b124dad26b0df8 https://www.propertyinvesting.com/topic/4405648-subdivision-in-regional-sa/#post-4662244 Wed, 18 Jan 2012 21:54:48 +0000 Average in Adelaide is 20k, 1 block onto 2, so you will probably pay more for travel expenses etc

]]> 709be236b55dee96cb5a052f5cbc1a1a https://www.propertyinvesting.com/topic/4405641-is-there-any-growth-in-adelaide-cbd/#post-4662174 Wed, 18 Jan 2012 09:13:43 +0000 HiAdelaide is flat like a lot of the countryA lot of student acc units are very small and banks do not like that as they are one purpose only, so also slower in capital growthHave you checked management fees etc are generally high If you could afford a 2 bed unit, rent it to students or anyone and have a much broader market when selling, as to o…[Read more]

]]> 711938109d56e6583bdff1000711786f https://www.propertyinvesting.com/topic/4404953-roxby-downs-olympic-dam/#post-4657287 Mon, 31 Oct 2011 05:03:23 +0000 You can watch a video on the bhp/olympic dam site, it shows how the town will be expanded, mine etc. So basically they are looking a doubling the town sizeBhp have already begun to spend, without the official board approval next march, the main thing they want is it to pass parliament in the next mth and then they will begin to place orders for…[Read more]

]]> 109f0e2ef8d2b7cac69e37feae2aa740 https://www.propertyinvesting.com/topic/4404953-roxby-downs-olympic-dam/#post-4657283 Sun, 16 Oct 2011 22:53:44 +0000 I am supprised, when BHP are going to spend 30 billion on an expansion of an existing mine no one seems to be doing the research or asking questions.I understand some out there are not keen on minning areas at all, however this will be the largest open cut mine in the world, I just thought at least people would be talking about it and doing their…[Read more]

]]> 317be23a77f771a462297cc8ed6c73d3 https://www.propertyinvesting.com/topic/4404757-rooming-house-south-australia/#post-4656089 Tue, 20 Sep 2011 07:20:19 +0000 HiI run this type of accommodation in Adelaide, would rather talk then type, so PM me and happy to help will all your questionsBarry

]]> f75cdbf3bd921f1bcd3cb3d6d9e4f27c https://www.propertyinvesting.com/topic/4403508-investing-in-wa-pilbara-region/#post-4646957 Mon, 02 May 2011 22:54:15 +0000 Hi DadaNo is answering so I thought I would throw my thoughts in.Mining towns, yes its timing, however mining towns are where I have made the largest gains, realised and unrealised.I own a house in Newman and settle on one in Karratha in 2 weeks. Karratha has come back a bit in price since the height of the Gorgan announcement, my reason for…[Read more]

]]> e41fc50af33d3efd7c35bd22f8b84c2a https://www.propertyinvesting.com/topic/4403050-good-and-bad-experiences-with-dha-properties/#post-4643652 Tue, 15 Mar 2011 21:35:34 +0000 HiI purchased one in Darwin 9 yrs ago, it was already a DHA when I brought it. The lease had a further 4yrs to run, no problems.The management fees are high, however you have no advertising, re-let fees etc. When lease was finished they repainted/ carpeted etc. In those days the returns were a lot better.I do not see any difference with a DHA…[Read more]

]]> 1d55036b021fc35ac00e8dc837c26bd4 https://www.propertyinvesting.com/topic/4398799-subdivision-enquiry-western-suburbs-of-adelaide/#post-4617310 Fri, 18 Feb 2011 03:41:25 +0000 HiIf you want some help with getting it underway, PM me and I will contact you to see what needs to be done.Barry

]]> a9e360db955bd2f5227751b68d4fa20c https://www.propertyinvesting.com/topic/4402714-help-and-advice-needed/#post-4641405 Tue, 08 Feb 2011 01:20:18 +0000 HiIf you have equity in your home why not use that to buy an investment property that suits your circumstances and then you will have the buisness, your home and your investment  all growingBarry

]]> e5f1830a15526daf3d5429f05415cf22 https://www.propertyinvesting.com/topic/4402211-investing-in-ingle-farmsa/#post-4638224 Wed, 15 Dec 2010 01:15:36 +0000 So if it was worth 350k in 1 yr, thats a 25% increase, thats a big jump on current prices in AdelaideBarry

]]> a2dce7e8e4ded3c33750056468afabbb https://www.propertyinvesting.com/topic/4402000-share-houses-and-rooming-houses/#post-4636955 Fri, 10 Dec 2010 04:44:46 +0000 As far as OS students the ones I have had rarely gone home etc, if they do and want the room still they get 30% off rent if they are away for more than 14 days, I have had international students for more than 3 yrs stay. I advertise on RE.com under share acc, 50 per mth, if I have a room at the start of the year I will put it on the Uni sites.The…[Read more]

]]> 5c5c332e3ab0182702b52f1b88cd271e https://www.propertyinvesting.com/topic/4402000-share-houses-and-rooming-houses/#post-4636943 Mon, 29 Nov 2010 01:22:16 +0000 HiI run share houses in Adelaide so, make sure you have included all costs in your figures, electricity, internet, water, cleaning  etc. They take more time than the normal rental house as you have 5 tenants not one. If you use a insurance broker make sure they talk to the insurance company, not just tick boxes online, as most will not insure…[Read more]

]]> 48dc8f3ada82f319c5a3d7cd21601604 https://www.propertyinvesting.com/topic/4401449-whyalla-port-augusta-roxby-downs-port-pirie-port-lincoln/#post-4633738 Tue, 12 Oct 2010 21:32:23 +0000 HiI currently hold property in Roxby and have made very good returns and gains out of the town, sold 1. South Australia does not know what is coming when the mine expansion happens, it will be hugh and on par with a lot of the Pilbara sitesThese areas are all about timing, at the moment Roxby prices are 50-75k down from there peak so there is…[Read more]

]]> 754f56d8b382b8d551313a4b85df34ba https://www.propertyinvesting.com/topic/4401359-selling-property-by-owner-websites/#post-4633209 Thu, 30 Sep 2010 08:44:48 +0000 You can advertise on RE.com through this company based in Adelaide, http://www.savvypropertypeople.com.au$275 for 3 mthsBarry

]]> 7635585d5503a51fad6f84e18cd60e96 https://www.propertyinvesting.com/topic/4401179-need-rooming-house-insurance-victoria/#post-4631790 Thu, 16 Sep 2010 07:30:34 +0000 HiI run student accomodation, I had problems with insurance too, ring Ross @ TCB 08 8376 2299 he found a company for me.Is yours student acc, or boarding house as I think this makes a differenceBarry

]]> e97ad7a16101336607cf7c0462a37a73 https://www.propertyinvesting.com/topic/4400819-property-development-subdivision-company-in-adelaide/#post-4629544 Tue, 10 Aug 2010 08:13:21 +0000 http://www.seedproperty.com.au/

]]> 9409228b3088bf5865bea32a5b809d0b https://www.propertyinvesting.com/topic/4400727-is-the-time-right-to-buy-in-darwin/#post-4629098 Mon, 02 Aug 2010 22:46:40 +0000 HiDarwin has gone up150% in the last 7 yrs and now appears to be slowing. If you brought there it would be very negative geared so as long as that is your strategy. The positive for now is rental demand is still very strong.To give you an idea I brought in Fairway Waters in Palmerston in DEC 2002 for 227,000, now 550,000, so does it have more…[Read more]

]]> 23855a0ae12f33dd190e1818c425f17b https://www.propertyinvesting.com/topic/4400714-purchasing-investment-properties-in-mining-towns/#post-4628927 Sat, 31 Jul 2010 00:05:20 +0000 HiI own property in both these towns and totally agree its all timing. The returns in Newman are fantastic, the entry price is a lot higher. If you become serious on Newman there are a couple of streets you should not buy in, so either go there to understand or ask me more.Blackwater, Morranbha, Dysart etc are all about timing as well, better…[Read more]

]]> 76b37f1d38f438e6b8805acf10074d7c https://www.propertyinvesting.com/topic/4400681-whats-up-with-darwin/#post-4628752 Wed, 28 Jul 2010 23:02:21 +0000 I brought in Darwin 02, paid 227k, now 550k, rent is 550p/w, it was great then however has its growth peaked, who knowsYields are not what they use to be as capital growth has outstripped rental growth.Now it finding another opportunityHave funBarry

]]> 2a93f6ac4ff8b56119f5b7719439d057 https://www.propertyinvesting.com/topic/4400240-selling-in-nsw-2/#post-4626036 Tue, 15 Jun 2010 06:53:09 +0000 495,000 times 7% = 34,650

]]> 9ee7ff36cae4144baaf2b776f6792b12 https://www.propertyinvesting.com/topic/4400186-property-in-southbank-melbourne/#post-4625727 Wed, 09 Jun 2010 07:33:40 +0000 HiHave you done your figures on what the property will cost you out of your pocket a week to hold, with strata etcHad a quick look on RE.com and saw 2 others under 300kIf it is off the plan look at the storage areas etc, cupboards etc, if the tenant has a bike what do they do with it.Melbourne has had a big capital increase, will it continue, when…[Read more]

]]> 47b1756b118ec669fc3894d7da4db50c https://www.propertyinvesting.com/topic/4400045-how-to-sell-positive-cash-flow-student-accomodation/#post-4624970 Wed, 26 May 2010 07:32:41 +0000 Hi AgainI  too am interested in selling a student acc, in Adelaide, got some agents to look at it and they had a house value and a commercial value, there must be a value on, council approval, all furnishings and the business. The problem lay with "normal" agents being able to market the property right, if you can find the right type of agent t…[Read more]

]]> 835836d65d525f6390d50d1c7dcc00bf https://www.propertyinvesting.com/topic/4400025-property-depreciation-estimates-for-investment-analysis/#post-4624869 Mon, 24 May 2010 22:46:55 +0000 HiIt is all on the tax office web site, I downloaded it a few yrs ago, has each item and life of item. It will prob take a while to find but worth it if you are interestedBarry

]]> ee871c297322a8c8387524323ac08aa6 https://www.propertyinvesting.com/topic/4399852-strata-title-on-a-duplex/#post-4624031 Tue, 11 May 2010 08:15:19 +0000 Have you considered community title, much easier on only 2 dwellings.

]]> 8bbe031585197217e4ea0b92a529ffee https://www.propertyinvesting.com/topic/4399768-subdivision-potential-help/#post-4623459 Mon, 03 May 2010 08:46:23 +0000 HIGo to planning SA website, look up your council area and you can download all the info on developments, look through index for residential and you can see what you need to know about hammerheads. If you want to go further talk to council and then surveyorBary

]]> 55c36cfe4743cba5baf20965428dfb59 https://www.propertyinvesting.com/topic/4399731-positive-real-estate-3/#post-4623286 Sat, 01 May 2010 01:56:17 +0000 BebaYes I know them and have attended 2 of their intro seminars and have meet people who belong to their investor groups and are happy.If you have no confidence in your own abilities or no time at all, these services are needed and okBarry

]]> c9d40b64f7910dbe4253efa943618aa4 https://www.propertyinvesting.com/topic/4399717-advice-on-adelaide/#post-4623216 Wed, 28 Apr 2010 22:39:57 +0000 GBAll these areas have a mix of old and new areas, and continue to have new estates in them. Mt Barker is more upmarket then anything in Playford council, a new area in playford now is Blakes Crossing being done by delfin. Playford council has shown the highest capital growth for any area in SA over the past 10yrs, the question is if it has had…[Read more]

]]> c67436b972a8b281fc9b046a8478dd52 https://www.propertyinvesting.com/topic/4399566-student-housing-in-australia/#post-4622406 Fri, 23 Apr 2010 22:33:00 +0000 In SA more than 5 individual tennants require council approval, with alterations to the house, smoke alarms, fire escape doors etc

]]> 7efd2cbc113bd4d5abe5222f78c2ff74 https://www.propertyinvesting.com/topic/4399584-moura-blackwater-moranbah/#post-4622614 Wed, 21 Apr 2010 06:57:03 +0000 HiI have a property in Moranbah and a friend in Blackwater, both have been fine and fully rented for the last 4yrsBoth areas had a small slump last year with the gfc, and rental prices came down. Some of the properties with and pre gfc lease have better returns than new leases, however returns should come up again due to all the hype.Have funBarry

]]> c66c06e1ba7cc5dfd0a006e083bec448 https://www.propertyinvesting.com/topic/4399577-purchasing-off-the-plan-2/#post-4622463 Mon, 19 Apr 2010 00:54:09 +0000 FergusGood to ask the questions. A lot of people hear these speakers and think wow they have secrets and deals and contacts that I could never have, however they all started in the same place as us all. Some people need this kind of service to help them get going and good luck to them.Your question seems to be do I need to spend all that money to…[Read more]

]]> 5196c2f36773d3a56d0a5672c8b16219 https://www.propertyinvesting.com/topic/4399566-student-housing-in-australia/#post-4622401 Mon, 19 Apr 2010 00:22:46 +0000 HiI run student acc in Adelaide and yes they are a great way of increasing the returns, however I noted on your intro you said you are here for a few months and I would not have this type of accommodation if I did not live in the same city. It is a bit more hands on than regular housing and if you have it managed by an agent it would swallow up a…[Read more]

]]> 7385300f179d34cc7a07e3d892ff159e https://www.propertyinvesting.com/topic/4399513-banksa-portfoloio-loan/#post-4622082 Wed, 14 Apr 2010 07:40:29 +0000 I have several accounts with Bank SA, LOCs etc, if your borrowings are enough you can ask for a pro pack, cost is 350 p/a, this gives you .6% I think off you loans and no monthley fees

]]> af31746cfc3c32215114e62f3e9c3357 https://www.propertyinvesting.com/topic/4399492-advice-needed-33/#post-4621903 Tue, 13 Apr 2010 09:00:21 +0000 If your loan is not approved on Thurs you would need to talk to vendors agent & conveyancer and tell them the situation and ask if the vendor would give you an extension on settlement, say 2 weeks and go to another lender. Most people should be OK with this, otherwise they can charge you interest on the unsettled property.Don't panicBarry

]]> 36f40a077c2b97eaa13389caea446a61 https://www.propertyinvesting.com/topic/4399484-noob-question-on-finance-deposits/#post-4621824 Tue, 13 Apr 2010 08:19:06 +0000 Steve has been around for a long time in property, so either he had the cash or he had the equity, as well as the borrowing capacity which means gooood earnings

]]> ff191c83f06907ce14e16cbd9d236862 https://www.propertyinvesting.com/topic/4399484-noob-question-on-finance-deposits/#post-4621821 Tue, 13 Apr 2010 02:57:32 +0000 You have to have a deposit + costs, stamp duty etc so make sure you have enough, some lenders are doing 90% with mortgage insurance, so this would save some of your deposit.If you have no further access to deposits you need to hope you are going to buy in a growth area so your next deposit will come from your first property, so to do the same…[Read more]

]]> 1608205a8b629a86bb20b468dcd43b35 https://www.propertyinvesting.com/topic/4399492-advice-needed-33/#post-4621898 Tue, 13 Apr 2010 02:25:43 +0000 The time to settle should be okDid you sign the contract subject to finance and this should have a date when finance should be fully approved, because if you are rejected this is your way out, or to renegotiate a finance date.  Barry

]]> 7e9ea0d2e2efdc7a00c95aca478c00b5 https://www.propertyinvesting.com/topic/4399352-advertising-on-realestate-com-au-if-we-self-manage/#post-4620933 Wed, 31 Mar 2010 06:11:58 +0000 HiYou can't advertise on RE.com, you need to be an agent to advertiseBarry

]]> 5607bb9d6453a4f474bf5664d1ea13d4 https://www.propertyinvesting.com/topic/4399299-help-with-subdivision-2/#post-4620552 Sat, 27 Mar 2010 23:17:47 +0000 HiYou need to take on the services of a surveyor, they will do most of the process with council etc, if it is a simple subdivision it can take from 9 to 12 mths and depending on how many blocks as to the cost, around 20k for 2 blocksBarry

]]> 43d6da6269896922341f2ce62bae8e9d https://www.propertyinvesting.com/topic/4399211-try-to-be-creative-or-walk-away/#post-4619912 Fri, 19 Mar 2010 05:08:36 +0000 If it's in the blood, it's in the blood, and we just can't help ourselves.I believe in always looking at our portfolios as a flexible process, that as we learn further adjustments can be made.The co-owned property was probably a good idea at the time and sometime one half will want out for lots of reasons.If the new deal is far better say in 3 yrs…[Read more]

]]> 1dab6f1aede2ec5a1f109ec114088d58 https://www.propertyinvesting.com/topic/4399196-how-to-estimate-the-depreciation-of-an-unitapartment/#post-4619845 Thu, 18 Mar 2010 08:25:09 +0000 If the property is 40+ years old there is no building write off, and unless some major new stuff has been added to the place ( aircon, stove, carpets, etc) in the last couple of years there is nothing there eitherBarry

]]> b4621ba7e91fc0e5085544cfc6eb449e https://www.propertyinvesting.com/topic/4399097-rooming-house-insurance/#post-4619196 Wed, 17 Mar 2010 21:45:34 +0000 Couldnot pm you, Ross @ TCB 08 83762299

]]> f1980387e1b0348704b1560505f9bac9 https://www.propertyinvesting.com/topic/4399097-rooming-house-insurance/#post-4619195 Wed, 17 Mar 2010 21:43:30 +0000 You are in for a class 3, so fire hose reels, exit signs, etc, 1b is 13 or lessMy broker said that he has insured a old church over here converted to student acc so it is commercial not residential and was under 2,000, he ran me through all the reasons why they can etc, so will pm his details to you.To Mr Wolf, I have 8 rooms, return 1,100 p/w, my…[Read more]

]]> a03b3907f61670d4874520a23d005cea https://www.propertyinvesting.com/topic/4399097-rooming-house-insurance/#post-4619192 Wed, 17 Mar 2010 05:08:23 +0000  Bob The BuilderThe 1b normally covers up to 13 people and has regulations like fire escape door and door sets, interconnected smoke alarms, I have 11, lights that come on at the exits with the alarms. My council allowed 10  in my house based in size. Its a bit of work to set up but not to much, anything above 13 then it gets more com…[Read more]

]]> b1c5f3d5feed84e115e81c8d7a0534a2 https://www.propertyinvesting.com/topic/4399135-investing-in-new-estates/#post-4619414 Mon, 15 Mar 2010 05:57:15 +0000 HiI brought in Palmaston, Darwin 7 yrs ago, Delfin estate, purchased 227k now 500k+ rent 490p/w, speaks for itself.Bary

]]> 1d60156a6c72e8ea534a4e5a2c307e38 https://www.propertyinvesting.com/topic/4399115-is-this-a-good-deal-8/#post-4619315 Sat, 13 Mar 2010 10:30:41 +0000 HiIf you are putting a cash deposit down + you have to pay the buying costs, then your loan would be 134k. Based on 7% + 3,000 p/a in holding costs this should cost you 2,500 p/a to hold before tax. Is it a good buy, Cairns has boom & bust cycles because it relies so much on tourisim, at the moment tourisim is low, gfc, unemployement is high, so…[Read more]

]]> 011620b00d2b15eee4ebf01a40c8aa44 https://www.propertyinvesting.com/topic/4373691-student-accommodation/#post-4473470 Fri, 12 Mar 2010 07:05:38 +0000 HiI have student accomodation in Adelaide, 8 bedroom house, if you want the return it does not come for nothing, sometimes I don't have any hassels for 3 mths, then all at once, it is basically having 8 seperate tennants.Don't have a lot of time now, however if you want to list questions, either pm me or on here I would be glad to help.Barry

]]> f91c70cd3c231849e2d1e6825db2e483 https://www.propertyinvesting.com/topic/4399100-how-to-sell-and-investment-property/#post-4619205 Fri, 12 Mar 2010 04:57:35 +0000 HiAn agent can always list and sell  it as a inestment only, investors will love long term tennantsBarry

]]> 26318895e952c7e80d5e77fdbf4f9a27 https://www.propertyinvesting.com/topic/4399097-rooming-house-insurance/#post-4619187 Fri, 12 Mar 2010 01:09:40 +0000 HiBy the look of your user name you are a builder so I take it you understand the build regulations on this type of house, as in more than 5 individual tennants its a 1b, if council has approved this you should be able to show it to a insurer and all should be fine. I have student acc in Adelaide and have policies with CGU and they were told what…[Read more]

]]> 523a4a74bd64a046437273d7201b5244 https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/16/#post-4542175 Mon, 08 Mar 2010 04:51:54 +0000 GavrossDon't understand, if you owe 120k @7% = 8,400 P/A + 5,000 in costs =13,400 costs. Rental income 17,160 + interest payment from gov 1,440p/a = 18,600 income. Is it not cf+ already.As well you equity should give you a lot more than 30k if you owe 120k and the value is 350k, should be around 180kBarry

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