PropertyInvesting.com | Connolly | Activity https://www.propertyinvesting.com/members/connolly/activity/ Activity feed for Connolly. Tue, 14 Apr 2026 22:59:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 42ae755f770697dbf286bd9680ddd615 Connolly replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/23/#post-4954377 Thu, 17 Apr 2014 15:44:00 +0000 Commodore VX wagon in silver.
Somewhere to put my boards for surf trips. Is economical an I dont tear up when some wanker smacks his trolley into a panel. Owned outright so all monies can go to buying houses And getting shit done.
 
 

]]> 2aa24fe031549f05e8e2d87082af08ab Connolly replied to the topic Shipping Container IP Viability in the forum Help Needed! https://www.propertyinvesting.com/topic/4903013-shipping-container-ip-viability/#post-4954301 Thu, 17 Apr 2014 15:33:18 +0000 Hey Richard,
how much did they cost you to put on site, fit out, hook up to services, etc?
have you sold or do you still have? if you have sold how did resale go compared to similar properties?
 
Cheers
 

]]> 516c5713102be70049f9f78d064c774a Connolly started the topic Shipping Container IP Viability in the forum Help Needed! https://www.propertyinvesting.com/topic/4903013-shipping-container-ip-viability/ Sun, 13 Apr 2014 14:18:45 +0000 hey all,
Anyone out there ever entertained or looked into the viability of building an IP using shipping containers?
Not sure the stance of local councils however have seen some pretty decent designs done overseas that would make interesting concept as far as an IP   goes especially with construction and fit out outlay.
Wonder how they would…[Read more]

]]> 4ff802704c4ec7b40379a0a8335b5d0d Connolly replied to the topic Interesting !!! Market update in Geelong / Hamlyn heights in the forum Help Needed! https://www.propertyinvesting.com/topic/4410884-interesting-market-update-in-geelong-hamlyn-heights/#post-4700255 Sat, 29 Mar 2014 13:02:28 +0000 I second Joe- can I ask what is your strategy and why your bullish on Geelong?

]]> a27314718635de00604c20548263e12a Connolly replied to the topic 2 Bedda Fibro Shack in Hot Market? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410237-2-bedda-fibro-shack-in-hot-market/#post-4696100 Thu, 27 Mar 2014 10:42:53 +0000 Hey Catalyst,

very impressive- place looks brilliant. 

Where abouts was this purchase?

out of curiosity- you said for every dollar spent you look at a return of $3 for Reno projects- so if you spent $300k on a place, put $20k into a Reno; you'd expects reval to come in at $360k is that right?

]]> 834a839aed7df985bd7da4fc268c172f Connolly replied to the topic 2 Bedda Fibro Shack in Hot Market? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410237-2-bedda-fibro-shack-in-hot-market/#post-4696094 Sat, 22 Mar 2014 08:25:04 +0000 Benny,

mate reference to verticals is for window coverings.

Use them as they look modern, easier to replace if a single one is damaged is as simple as unclip remove and reclip the new one on which cannot be done with venetians.

Curtain I don't like for rentals personally, so basic premise is ease and less hassle if I have a shit head tenant…[Read more]

]]> c34e42b6a0c424b832c234cd48ae88db Connolly replied to the topic 2 Bedda Fibro Shack in Hot Market? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410237-2-bedda-fibro-shack-in-hot-market/#post-4696093 Sat, 22 Mar 2014 08:15:56 +0000 Hey catalyst,

ebay doesn't get much over here but have grabbed lots of stuff from gumtree. Vanity, sink, mixer taps, ovens and range hood etc which have been 1/3 of the price if not less.
All tiles from wholesaler and kitchen guy was local cabinet maker.
With this current project, we did find a wholesaler for the kitchen which all had pre made…[Read more]

]]> d54ae15fdae9b9ab1435e3a748a49fca Connolly replied to the topic 2 Bedda Fibro Shack in Hot Market? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410237-2-bedda-fibro-shack-in-hot-market/#post-4696090 Fri, 21 Mar 2014 16:20:07 +0000 Catalyst,

How do you do a house for 15k?

This is our 3rd house, second reno project. We didnt go ahead with the 2 bedda mentioned above, instead a 3×1 on 700sq block that we picked up 20-30k below market value.

Have had multiple quotes but considering the basics-

Kitchen- $6700
Bathroom- $7500
Carpet 3x rooms- $1100
Paint- $400
Vertical-…[Read more]

]]> 96f0502eecc142d09ade52b4c1a26f38 Connolly replied to the topic Considering an IP in the forum Finance https://www.propertyinvesting.com/topic/4410801-considering-an-ip/#post-4699855 Sun, 09 Mar 2014 23:36:40 +0000 Hey Ferdinand,

Just to clarify is that $750k spend on knew PPOR or IP?

If IP, is it a house or other dwelling style?

Ben

]]> 4d0c38704b2aeaaaf8b027a3a770995d Connolly replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding https://www.propertyinvesting.com/topic/4410787-bathroom-contact-perth-quotes-are-ridiculous/#post-4699766 Fri, 07 Mar 2014 17:30:00 +0000 This one is down in Hillman which is suburb of Rockingham shire, right near hospital an recently upgraded shopping centre. I live in Yokine so is a solid trip each day I do renos so being more strategic with what I chose to do an what I get trades in to do. 2nd Reno project which will be a buy, Reno, reval an lease. 

Are you doing complete refurb…[Read more]

]]> 89c8214f0034d230017a181c9c1beba6 Connolly replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding https://www.propertyinvesting.com/topic/4410787-bathroom-contact-perth-quotes-are-ridiculous/#post-4699764 Wed, 05 Mar 2014 15:08:51 +0000 $7800- more like $8800. My maths isn't that bad 

]]> d07dd53f8bbaccfc0071608fe2d14096 Connolly replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding https://www.propertyinvesting.com/topic/4410787-bathroom-contact-perth-quotes-are-ridiculous/#post-4699763 Wed, 05 Mar 2014 15:07:17 +0000 Hi Kate, we are running on a bit of a clock so thought just having a group in there would cost me a bit more but save money in time an holding costs- got a quote today for $7800 which I'm happy with. 5500 for all labour an just over 3k for all the other stuff that I pay for.

Tommy- I've already done the full demo, all tiles, bath and vanity have…[Read more]

]]> e9a0062234592c9f08f471d11653de38 Connolly replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding https://www.propertyinvesting.com/topic/4410787-bathroom-contact-perth-quotes-are-ridiculous/#post-4699759 Tue, 04 Mar 2014 22:31:58 +0000 Thats about right freckle- 3m x 2.5m space, all demo complete. No change in plumbing or floor plan. 13k is best I have got that's me including all floor an wall tiles. Couldnt believe it!

]]> bf58b10a1877b2c59c5503c07844bc1e Connolly replied to the topic All renovators- which company did you use for kitchen in IP??? in the forum Value Adding https://www.propertyinvesting.com/topic/4410694-all-renovators-which-company-did-you-use-for-kitchen-in-ip/#post-4699290 Wed, 12 Feb 2014 08:51:48 +0000 Haha what an idiot- in Perth lads. The western state!

Take two! 

]]> dbb0de8480a21d0001637397489dbc2d Connolly replied to the topic Recommended Landlords and Building Insurance in the forum General Property https://www.propertyinvesting.com/topic/4410688-recommended-landlords-and-building-insurance/#post-4699258 Tue, 11 Feb 2014 09:12:16 +0000 Thanks Jamie- was that for Landlords Insurance or straight building insurance?

]]> 556a24e651adf33cf6bd369efb1907fd Connolly replied to the topic Investing in Perth 2014 in the forum General Property https://www.propertyinvesting.com/topic/4410262-investing-in-perth-2014/#post-4696284 Wed, 05 Feb 2014 14:40:12 +0000 We have a 3×1 in Hillman under contract, 

We settled on a 4×1 in Cooloongup in July. Both bought well under market value with a Reno, revalue and hold strategy.

Both +geared! Midland would have been nice to get into before Perth market started to run though lot happening round that end of the world; many social problems and crime but as with…[Read more]

]]> d788d2910e921b0f0ec7e1d29fa774af Connolly replied to the topic Buying off the plan. A good idea or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410370-buying-off-the-plan-a-good-idea-or-not/#post-4697021 Fri, 06 Dec 2013 14:21:51 +0000 As already stated. Try assess comparable sales, comparable rental return vs what you have been told it will yield and make sure they marry up.

Look at other OTP projects in the area and determine approx settlement point; Sth Yarra had 2-3 major high rise OTP apartments settle very close together flooding rental market with new stock and in turn…[Read more]

]]> 734a75a18672ec3987a4a0db521b2d07 Connolly replied to the topic Brokers- CBA increase approval 2weeks and still waiting? in the forum General Property https://www.propertyinvesting.com/topic/4410285-brokers-cba-increase-approval-2weeks-and-still-waiting/#post-4696392 Mon, 18 Nov 2013 05:09:11 +0000 Hey Jamie,

Mate the valuation was done over a month ago- not sure what the go is

]]> b97d2cfcf5603f71c5e2287c58b9105f Connolly replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! https://www.propertyinvesting.com/topic/4410053-the-coming-economic-crisis-get-ready/page/3/#post-4694975 Thu, 31 Oct 2013 01:33:08 +0000 Hey Freckle,

Those leveraged below 60% which I would say is very very few of us- why would we be in dire straits should the economy fall into a black hole? Unlike shares the banks cannot margin call and expect us to add surplus funds to maintain a new LVR respective of the new market value following a significant correction can they? I haven't…[Read more]

]]> 06d155049862e078ab2fb4fe158e80e7 Connolly replied to the topic Off The Plan - Speculating in the forum Help Needed! https://www.propertyinvesting.com/topic/4410199-off-the-plan-speculating/#post-4695827 Wed, 30 Oct 2013 06:00:24 +0000 Wilko and FMS are bang on the mark.

High risk strategy, added to which most developers factor in future growth- ie: if the project isn't due for completion for 18-24monhs, the purchase price usually reflects what growth would have accrued so you are not paying today's market value, you are paying anticipated market value in 2 years. Hence why…[Read more]

]]> 84e8dfdb5b3bccbd29861c175e598545 Connolly replied to the topic How To: Interstate Renovation in the forum Help Needed! https://www.propertyinvesting.com/topic/4410144-how-to-interstate-renovation/#post-4695561 Thu, 17 Oct 2013 05:06:43 +0000 Hey Freckle, have already done 2 renos here in Perth- our equity position allows 2 purchases. However one of our rules as we accrue property is not to spend more than 250k per purchase. This excludes pretty well everywhere in Perth (houses only) that has solid growth fundamental backed by positive cashflow.Only place that has legs based on the…[Read more]

]]> fe022a702e8898301a7eb9bc275bb5ab Connolly replied to the topic Property Investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4410142-property-investment-3/#post-4695535 Wed, 16 Oct 2013 08:46:40 +0000 Hi Latham,

Welcome to the forum.

mate quick background- my girlfriend and I were in same position few years ago. A one stop shop company was recommended to us. We bought 2 Off The Plan properties from them 400k each with 2year time frame to settlement. Their in house finance guy promised we would get loans over the line and how strong rental…[Read more]

]]> 0af1149728e52aa3576340924f0d1763 Connolly replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! https://www.propertyinvesting.com/topic/the-coming-economic-crisis-get-ready/#post-4694936 Sun, 13 Oct 2013 14:48:55 +0000 Cheers Freckle, good information-

]]> 366b05d5e0bdb202d393a51c1ee26cd3 Connolly replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! https://www.propertyinvesting.com/topic/the-coming-economic-crisis-get-ready/#post-4694934 Sun, 13 Oct 2013 08:19:26 +0000 Hey Freckle,

you seem to have a very well rounded concept of cause an effect and how various stressors have the ability to affect local and overseas markets and their respected macro and micro economies.

I'm interested on what you would suggest for young investors (sub 30) who are generally leveraged higher to build up their portfolios in their…[Read more]

]]> 12bf03417d03bc38a1e9364b61c051e7 Connolly replied to the topic Anyone Heard of IPGA- Investment Property Group Aust in the forum Help Needed! https://www.propertyinvesting.com/topic/4409896-anyone-heard-of-ipga-investment-property-group-aust/#post-4694157 Tue, 20 Aug 2013 04:45:19 +0000 Hi Jamie-

mate from what am told pretty standard setup.

One stop shop- they offer house an land packages, Organise finance and then manage the rental of the properties upon settlement. Apparently no upfront fee but have warned of valuation issues depending on the commission amount that is added to cover companies cost above the market value upon…[Read more]

]]> bc16a0ebb2c3b01a75e8de7b5548680b Connolly replied to the topic Need to decide on depreciation company for 3rd IP in the forum General Property https://www.propertyinvesting.com/topic/4409405-need-to-decide-on-depreciation-company-for-3rd-ip/#post-4691098 Sun, 26 May 2013 01:58:00 +0000 BMT hands down- professional/ thorough and Money back guarantee in that if they cannot get you double the cost of the report (ie: $1340) in first year. Cant beat that!

]]> 7c9e973cc99799a81d62d67350ec1c98 Connolly replied to the topic Best place for renovation/hold or renovation/sell in Toowoomba? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409350-best-place-for-renovationhold-or-renovationsell-in-toowoomba-2/#post-4690727 Sun, 26 May 2013 01:44:44 +0000 Hi Matt,

have been keeping my eye on Toowoomba for a while now. There is a hell of a lot of stock on the market under the 300k bracket.

I reside in Perth though did a trip over there a few months ago to have a sniff around and chat with some agents; I would suggest Newtown and pockets around. As far as the lower socio economical areas include…[Read more]

]]> caf8a2145844b3db2cdd1778dda2fd41 Connolly replied to the topic Toowoomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4408580-toowoomba-4/#post-4685228 Thu, 21 Mar 2013 06:30:55 +0000 Bullet46,

Thanks for taking the time to scribe your thoughts and local knowledge of the area.

Have crossed Wilsonton Heights off the list and have a place in Newtown under contract.

Again thank your prompt response

]]> 764b382bde20fca233a3fd5c9f94ee4c Connolly replied to the topic Toowoomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4408580-toowoomba-4/#post-4685225 Sun, 03 Mar 2013 11:55:24 +0000 Hey guys- looking for someone from toowoomba as looking to pick up a couple in next few months. Can someone tell me why Wilsonton and Wilsonon Heights are such bad places within the area? Does anyone have an investment property in any of these suburbs an if so how have you found putting tenants in etc. cheers 

]]> d8d11a06f7274cb0ad6c80462db66b6a Connolly replied to the topic Good areas in Toowomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4406713-good-areas-in-toowomba/page/2/#post-4670904 Sun, 03 Mar 2013 07:09:17 +0000 Hey guys, looking at picking up a couple in Toowoomba too but do not lie in the area. Can  someone tell me why Wilsonton and Wilsonton Heights are considered no go areas? And if anyone has a property in any of these suburbs what they think from finding a decent tenant an investment stand point! Cheers

]]> b6bc9ae5208be03e10b46481510b3699 Connolly replied to the topic 2 WA Markets, Can't Chose Which One? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407220-2-wa-markets-cant-chose-which-one/#post-4674362 Tue, 24 Jul 2012 06:12:05 +0000 Thanks for your responses guys. Really appreciate taking the time and offering thoughts.

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