PropertyInvesting.com | Daedalus | Activity https://www.propertyinvesting.com/members/daedalus/activity/ Activity feed for Daedalus. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9cd41b4622ef22ae9ca254c93538649d Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/19/#post-4579997 Sun, 14 Aug 2011 09:07:08 +0000 shoooshoo wrote:
yeah but that is still concerning:

http://www.couriermail.com.au/ipad/gas-plans-could-lift-meat-costs/story-fn6ck45n-1226096935838

Shooshoo,

I agree with KeyStrategies.

You need to understand how investment works. Successful investors do their research, work out what they want to invest in and why. Then they just do…[Read more]

]]> 2da2549a5e40a00e23aa28c6f02d1af9 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/19/#post-4579983 Tue, 02 Aug 2011 04:20:11 +0000 Hi all.

FIFO will only last while it’s cheaper for the mining companies than paying rents in mining towns.

FIFO may occur, and if it does then rents will fall. Then some time later, the mining companies will notice that it’s cheaper to pay for rent than flights, and they’ll stop FIFO.

If FIFO is being seriously considered, then we have an…[Read more]

]]> 55386ef7eed2734cb84b7e3408074d84 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Talismans wrote: 3. If my https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/16/#post-4579927 Sat, 25 Jun 2011 03:33:24 +0000 Talismans wrote:
3. If my property has a big lawn, would it be hard to maintain? As in, is it possible to make sure the tenants will mow the lawn? And incur penality in the future if they don't maintain it, such as deducting money from the bond to replace the lawn?

This is always the tenant’s responsibility and the PM should ensure it is done.…[Read more]

]]> 1a670dc724312abb062bc3d4c38787fe Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/15/#post-4579916 Mon, 20 Jun 2011 01:01:42 +0000 kirstieh wrote:
Hi AllWe are thinking of investing in Dysart but are concerned about Fly-in and Fly-out and what impact this might have on the property.market there.  Does anyone have any information about if FIFO is going to go ahead for all mines in the area or if it's only going to be for new mines.Thanks for your help        Kirstie…[Read more]

]]> 93ecc8233eae2549b4aa7dda421a9a39 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/14/#post-4579890 Wed, 14 Jul 2010 22:56:28 +0000 Hi Anna,It's hard to generalise about pets but my tenants have pets (outside dogs). A lot of places in Dysart are high set, so the dogs can be 'outside' but still under cover.I haven't heard of snakes being a problem – I've never even considered it before…Dysart is about 3 hours from the coast.All the best,Daedalus.

]]> fddbfaca31543e467d923ecf2fec8e6b Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Hi, Yes, the locals are https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/14/#post-4579887 Thu, 15 Apr 2010 00:21:53 +0000 Hi,Yes, the locals are expensive – but that's what happens in a micro-economy where everything (including rents) are higher than everywhere else.It might be a bit cheaper than it was because Dysart has been quiet for a while. I'd get some quotes from Mackay installers for aircon, because the units will probably come from there anyway.When I need…[Read more]

]]> 9677b4dc1ba05879be78376e3a25f128 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/13/#post-4579878 Wed, 30 Sep 2009 23:16:09 +0000 I agree with Hadi. An investment is an investment is an investment, and should be undertaken with a level head.Ensure you know your reasons for investing in a certain area – that way when you are in a down cycle, you won't be as stressed about it.To put some perspective on it, the 1000+pw rents were ABNORMAL – the product of a concentrated amount…[Read more]

]]> ac7f77b8434cfc335698c5b8ac0d655f Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/13/#post-4579865 Wed, 08 Jul 2009 10:44:15 +0000 Hi Yorkie,Somewhere earlier in this thread is a post about my adventures with Moranbah real estate agents – you'll have to look that up .I use Mackay Rentals in Moranbah, and I'm pretty happy with them.Daedaluls

]]> fecfff17b9971c26471fdc58f0a8c066 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/13/#post-4579863 Wed, 08 Jul 2009 08:53:15 +0000 Hi Yorkie,I like the prospects for Moranbah right now. It's a large town and there's good industry support, even though there's been some negative press.I agree that there seems like there's some good buying at the moment. It looks like there are some distressed sellers on the market.Daedalus.

]]> 076280c4521974fc8cc366622127bdc4 Daedalus replied to the topic LAMINATE FLOATING FLOORS in the forum Value Adding https://www.propertyinvesting.com/topic/4395370-laminate-floating-floors/#post-4599116 Tue, 05 May 2009 11:51:11 +0000 I've used the Ikea glue-together laminate, which has now been down 9 years and looks pretty much the same as the day it was laid. There is one ding where I dropped a claw hammer on it. It runs into a kitchen and hasn't had any problems with water. It also gets a lot of direct sunlight and hasn't faded at all. An excellent product, but it is slow…[Read more]

]]> f2bf14fc83551e1ee364e54bb7941c8a Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/12/#post-4579851 Mon, 16 Mar 2009 05:26:41 +0000 Hi,I use R&H Mackaey for my Dysart property and Mackay Rentals for Moranbah. Happy with both. I know that R&H Mackay are in contact with BMA, so I'm not 100% about the claim that BMA only uses Vision. It does sound like the kind of story that Vision would spin though. One of the principals of Vision used to work for R&H Mackay, and I don't think…[Read more]

]]> c4077ee0aaf947216e774faad5fe4f18 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum My understanding is that BMA https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/12/#post-4579846 Wed, 04 Mar 2009 18:56:26 +0000 My understanding is that BMA has set a rental limit of $1000 pw. Over that and the property has to be 'something special'. Also, they are allowing their employees to inspect the properties before deciding, rather than just renting them unseen.This says to me that the demand is lower than it has been, but 1000pw still indicates significant…[Read more]

]]> ee4c253a50c895112aa8bb87fd6789b5 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/11/#post-4579836 Fri, 20 Feb 2009 23:08:39 +0000 Hi ChrisV,Welcome to the post. I think it's time for care – but then again – all investment is time for care. HopefulInvestor provides some interesting information, but it's mostly just media quotes, so might not be anything new for you.There is certainly herd mentality, both in the housing market and in the mining industry (and the media for that…[Read more]

]]> 77edc0ec74be555942d85aa248bcb668 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/11/#post-4579824 Tue, 20 Jan 2009 05:13:11 +0000 Hi Mannia,With regard to expenses, management fees are around the 8% mark. If you get a property manager from a small town, you may need to keep a close eye on them. I've had less than satisfactory experiences – see previous posts.Rates are about $1400/year. Incidental maintenance can be expensive, because often the local trades do work at the…[Read more]

]]> a26b0f0eb637e65e7a7e8a130ac52ee3 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/11/#post-4579821 Tue, 13 Jan 2009 11:02:47 +0000 Hi Manni,Congratulations on what looks like some good research. I'm not sure I'm going to be able to add much though.Collinsville is out of my research area, although I don't recall it appearing in any "Bowen Basin" Google news alerts, so I'm not aware of any press either. Looks like a sizeable town though. With projects in the area, accom will…[Read more]

]]> 9768b1bf73ea6d8a6e5c0c85d8f5fe89 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/10/#post-4579819 Mon, 05 Jan 2009 06:08:24 +0000 Maggi wrote:
Thanks guysI agree with all of your comments.  Unfortunately I have a few family members who like to put the negative articles under my nose which can have a tendency to undermine all the research and strategies.  It is nice to hear a bit of positive back up.Cheers

These are usually the same people who don't bother to do ANYTHING w…[Read more]

]]> 9a2ea3c3df347c180a3cf6cc297bcf30 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Hi Maggi, Maggi wrote:Hi https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/10/#post-4579815 Sat, 03 Jan 2009 01:12:14 +0000 Hi Maggi,

Maggi wrote:
Hi Daedalus…It is hard as an investor in the area not to feel a little exposed when the mining companies start to lay off employees. 

I agree it's hard not to feel a little exposed with the news of layoffs, however my contacts in the area tell me it's not as bad as the news makes out. A lot of those workers will s…[Read more]

]]> 2633e61137cbbf748fb2edcf2e8f5b66 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/10/#post-4579813 Mon, 22 Dec 2008 04:33:48 +0000 Hi RedLeaves,I think you'd need to find someone from Emerald or Rockhampton – there should be plenty to choose from as they are large towns. Wherever there is some competition, the inspectors are usually good enough. Ask if they provide photographs in their report.I've recommended an inspector previously in this post, but he's based in Mackay and…[Read more]

]]> e8dc7dc98d41813ad889f26ff455dbe8 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/9/#post-4579795 Wed, 12 Nov 2008 21:12:17 +0000 maurice Levine wrote:
Hi Guys, I am new to your forum. There seems to be so many differing opinions on the advantages and risks associated with buying in the mining towns. I have two properties that I am currently considering: 1 is in Dysart – a 4 Bedroom going for $485,000 with a lease in place for $1,000 / week. 2nd is in Blackwater – a 3…[Read more]

]]> 5efdd96c33679fac0709c4e814515432 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/9/#post-4579794 Wed, 12 Nov 2008 21:06:26 +0000 alani wrote:
personally i would go for Blackwater. try negotiate a better price, small reno to increase your yield. This will imo reduce your risk. Also consider to buy a cheaper Blackwater property, this way your buying in the lower end of the market.

At this point, so would I. Blackwater has only just started to pick up after a long…[Read more]

]]> 1b1d7db83396238cfc02ca26a148fbf7 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/8/#post-4579779 Sun, 02 Nov 2008 23:30:11 +0000 or at least a wealthy bloke Daedalus.

]]> 3b4ac9ce22278964d5e34f7e980923c7 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/8/#post-4579777 Sun, 02 Nov 2008 19:51:21 +0000 Esam,refer: http://www.dailymercury.com.au/storydisplay.cfm?storyid=3786539Discussions with my managing agent indicates that there is still demand for good properties in Dysart. If Marian haulage lost the contract unexpectedly at renewal time, then it seems to make some sense that someone else won it, or is about to. Marian would have been in the…[Read more]

]]> 9bf79b5367cf6334487aea92db956638 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/8/#post-4579770 Wed, 29 Oct 2008 20:35:55 +0000 HopefulInvestor,I agree with you that investors in this area need to understand the risks, and I don't mean to paint a 'blue sky' picture by any means. Investors in this area at this point can probably expect some short term gain, but will have a thinner margin of safety to protect them when these towns return to a more normal, operational…[Read more]

]]> 29195010549bc1a06d2611af99a15bbd Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/8/#post-4579767 Sun, 26 Oct 2008 20:36:25 +0000 Hopefulinvestor,Do you think you might be looking at the waves on the ocean, and not the direction of the tide? The link that you provide http://www.globalcoal.com/news/coalnews.cfm does indeed indicate a drop in particularly thermal coal prices on one article, but several others on the same page talk up the fundamentals of coal – particularly m…[Read more]

]]> 2081bafc2c13680536ddcc3ae97d106d Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/7/#post-4579755 Mon, 22 Sep 2008 21:11:04 +0000 Hi BenEdan,Yes I believe that is correct. Moranbah seems to have broken through the threshold that makes new development viable. At one end of the town there are a lot of homes built within the last few years, and these are the most likely to be pulling the $$$ mentioned in that article. You can still get highsets and lowsets cheaper than that.On…[Read more]

]]> 45d3a9fd19675c8e9cdd0175d3869ebb Daedalus replied to the topic Can I become wealthy (in depth detail of my current situation and where I'm heading)? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393777-can-i-become-wealthy-in-depth-detail-of-my-current-situation-and-where-im-heading/#post-4590520 Thu, 18 Sep 2008 20:47:15 +0000 Hi WealthyJvd,Sounds like you've got your head screwed on right, congratulations.In my experience, the houses that I've bought as IP's are NEVER places that I'd live in myself. The qualities that make a good investment don't usually overlap with the qualities that make a nice place to live – especially if your investments are CF+. And if they are…[Read more]

]]> c2c1242b40c4d3e96af1bafa914aeb89 Daedalus replied to the topic Beneficiary loan accounts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394065-beneficiary-loan-accounts/#post-4592082 Tue, 16 Sep 2008 20:35:48 +0000 Good information, thanks Terry.Daedalus.

]]> 3cd96c103e02c27502c76dd250b48eee Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/7/#post-4579753 Thu, 11 Sep 2008 20:09:01 +0000 Hi Aram,Have a look back through this thread and you'll find a few references to Blackwater, like this one https://www.propertyinvesting.com/forums/property-investing/help-needed/4323195?highlight=blackwater&page=5#comment-177578.The quickest way is to use the search feature at the top of the web page.WRT building and pest, I don't know of anyone…[Read more]

]]> 97029dd27a231f6125f1707c92eaace6 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/7/#post-4579751 Thu, 11 Sep 2008 09:58:15 +0000 Hi Mick,Well done on your property, is it in Dysart? If so, you might be interested in this:http://www.yourprojectnews.com/news_item.php?newsID=10084I think that might put more pressure on Dysart the rental market in the medium term…With regard to Clermont, I haven't really been watching it. I was aware of the Waratah announcement a few months…[Read more]

]]> 1f34b974dbf56b240c7917153cd3d98a Daedalus replied to the topic Opinons Please in the forum Help Needed! https://www.propertyinvesting.com/topic/4394182-opinons-please/#post-4592632 Mon, 08 Sep 2008 09:31:15 +0000 Hi Swany,The CoCR looks a bit low to me, making some broad assumptions about operating costs like insurance, maintenance etc. I'd be looking at ways that I could increase the value of the property to gain equity, and increase rents to improve CoCR…I expect that a commercial loan would be required, rather than a normal residential loan. This may…[Read more]

]]> 7d0aa3f6b21b1aea347992893b254c37 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/7/#post-4579748 Thu, 04 Sep 2008 09:08:07 +0000 Hi BenEdan,It's never too late, there is always opportunity. Analyse carefully, strike swiftly.I've had a question posted on my blog about building in the Bowen Basin, that sounds like something that BuilderBob might know about. Bob?The other question I had on my blog was about Capella.When I visited Capella at the beginning of the year, there was…[Read more]

]]> 5b4907c50327eb6945e315e54c6022de Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/7/#post-4579744 Tue, 02 Sep 2008 21:16:35 +0000 Hi guys,There's already an airport at Moranbah isn't there? An airstrip at least. It couldn't take a jet, but it takes the regional turbo props.Deadalus

]]> b833cd50d5f01451a716278f044c0147 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/6/#post-4579737 Fri, 29 Aug 2008 22:19:01 +0000 Hi,It sure seems like there's a lot of activity in the area at the moment. As I've mentioned in previous posts, I use Google news feeds to send me anything that hits the news about Moranbah, and I've been getting several alerts every week for months now. Lot's of new mine activity, and lots of articles about how the town is growing to support the…[Read more]

]]> ad960c6cfc83a760910ef59c6c4aad8d Daedalus replied to the topic Has anyone successfully used the Reno Toolkit? in the forum Value Adding https://www.propertyinvesting.com/topic/4393961-has-anyone-successfully-used-the-reno-toolkit/#post-4591649 Wed, 27 Aug 2008 05:16:27 +0000 Hi Pecko,I saw your post in the other thread, and my thoughts were that I don't think it matters which one you go for – it's more important that you just do something. So from that angle perhaps it's good to start with the one that works out cheaper for you.I'm sure you will find that either of them will be worth more to you than the ticket price,…[Read more]

]]> 1c6e940d3c6a413a8b6ac4e4249a73de Daedalus replied to the topic Beneficiary loan accounts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394065-beneficiary-loan-accounts/#post-4592080 Tue, 26 Aug 2008 11:37:40 +0000 If the money is owed to the child then it is a liability, which is an accounts payable.Let's say it's your trust, and you are the beneficiary….A beneficiary loan under accounts receivable would be funds that the trust has 'lent' to you, but expects to get back (receivable). If the trust had a lot of cash, and you needed some, then the trust…[Read more]

]]> c27b0caa5f832439e1104b0110109043 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/6/#post-4579731 Fri, 22 Aug 2008 09:46:31 +0000 Hi AimHigher,Hmmm, dear old dingo…When I went through Dingo at the beginning of the year, I tried to work out what makes Dingo 'tick'. I do this to see if I can identify the opportunity. The conclusion that I came to was that Dingo exists because it is a very old town on the highway, and way back might have been about the distance you could…[Read more]

]]> 78e2636c2c35f276036ad99b9092277f Daedalus replied to the topic Has anyone successfully used the Reno Toolkit? in the forum Value Adding https://www.propertyinvesting.com/topic/4393961-has-anyone-successfully-used-the-reno-toolkit/#post-4591637 Tue, 19 Aug 2008 10:34:22 +0000 CGT is based on your marginal tax rate. So just work out what marginal tax rate you're on and multiply it by the capital gain.E.g.. 30% marginal tax rate (income between $30K-$75K) = 30% X $50k = $15,000 tax.If you hold for more than 12 months, halve it.(I'm assuming when you say 'make $50K' you mean net profit)Daedalus.

]]> f7369b56ee19b73fc55ddbaee9bfd4e3 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/6/#post-4579725 Tue, 19 Aug 2008 10:07:21 +0000 Hi Tina,I'm personally not so warm on Blackwater. There seems to be a lot of mining activity there, but I haven't seen much increase in prices over the last year or so. Perhaps all the mines are in a mature stage of development. It's hard to see a compelling reason for prices to increase in Blackwater, but I must confess I'm not looking that hard…[Read more]

]]> decd0d37f252d2d3a15e4b0efc3da339 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/6/#post-4579721 Sat, 16 Aug 2008 07:02:23 +0000 Hey Bob,My PM called the other day about the upcoming Dysart lease renewal. She suggested somewhere between 850-1000pw is viable. Currently sitting at 600pw, so I'm looking forward to finding out where it settles.Also, Moranbah is looking hot again with the Nitro plant moving forward and talk about the Pilbara-Bowen rail line having a coal loader…[Read more]

]]> 4d533fbb9be71d8c6826fe8354788793 Daedalus replied to the topic deposit for commercial property in the forum Commercial Property https://www.propertyinvesting.com/topic/4394012-deposit-for-commercial-property-2/#post-4591816 Sat, 16 Aug 2008 06:56:07 +0000 I've heard that more than 3 units is usually considered as commercial. Sometimes you might get 4 on a residential depending on the lender.My understanding is that commercial is almost always 30% at least, but I'm not a broker.Daedalus

]]> ac5114ad191af3b863a1b0339aaa1bf7 Daedalus replied to the topic Body Corporate Vs Letting Agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4394011-body-corporate-vs-letting-agent/#post-4591814 Sat, 16 Aug 2008 06:53:14 +0000 Hi Pud,I was recently surfing http://www.realcommercial.com.au and noticed a lot of 'Management Rights' for sale. Not sure if it's the same thing, but it sounds similar to what you BC could be giving away.Check this…[Read more]

]]> 9fa1156f9002e58530e3189e56b2adb0 Daedalus replied to the topic Making Money Out of Commercial Property $$$ in the forum Commercial Property https://www.propertyinvesting.com/topic/4393855-making-money-out-of-commercial-property/#post-4590993 Sat, 16 Aug 2008 06:37:42 +0000 Hi Chris,Thanks for your post. I'm interested in the idea of renovating commercial property to increase the rent – therefore the value.With residential renos there are some pretty standard items such as kitchens and bathrooms that can have big bang for the buck – are there similar areas of focus for commercial renovations?Also, I assume that the…[Read more]

]]> 1d30b87a6ff048c2e545ef7c1dec7651 Daedalus replied to the topic Can I become wealthy (in depth detail of my current situation and where I'm heading)? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393777-can-i-become-wealthy-in-depth-detail-of-my-current-situation-and-where-im-heading/#post-4590518 Sat, 19 Jul 2008 07:50:37 +0000 southeastoz wrote:

Wealth Accumulator wrote:
HiGetting a uni degree is about providing choice in the future. I have a client with net worth over $3 million who is frustrated by the fact that he never did get a degree. It shows commitment – and helps lateral thinking.I worked three jobs when I did my undergrad full time.You can do it if you…[Read more]

]]> 8480d15fb89a27671d9ddbc9b2af4739 Daedalus replied to the topic Value Adding - Grany Flats in the forum Value Adding https://www.propertyinvesting.com/topic/4393763-value-adding-grany-flats/#post-4590445 Wed, 16 Jul 2008 10:21:50 +0000 I've heard of dual occupancies being put through as granny flats, where the full dual occ wasn't permitted, but a granny flat was.The other thing to consider is your target market. I have an IP with a granny flat, and at first I thought that I could get 2 independent tenants in. The problem with this is those most people don't want a stranger…[Read more]

]]> b191bc9df1a0a59c3a698afad15010d8 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/5/#post-4579717 Sun, 13 Jul 2008 05:55:01 +0000 hgwells wrote:
Daedalus,  More to the point, do you know anyone able to do a reno like that for you?  I too would like to do my two places there up a little, both are high sets one has been done downstairs several years ago and needs work, the other one is only half filled in with gaps still and a bathroom started but with only a toilet.  Can…[Read more]

]]> 375eae86404d2bdd9c99bfd5cc93b9e6 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/5/#post-4579714 Sat, 12 Jul 2008 23:09:55 +0000 With the prices on the up, I'm thinking of doing some improvements on my Dysart place. Probably a kitchen/bathroom/builtins + deck reno. I'd be extending the deck – does anyone know what the local council is like to deal with for that kind of thing?Cheers,Daedalus

]]> 6132a5d00613dded4287034b6f8a4d7a Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/5/#post-4579713 Sat, 12 Jul 2008 23:05:41 +0000 BuilderBob wrote:
If only I accepted some houses at Dysart when they were virtually giving them away ..lolNot a hard call for API to predict with the amount of mines starting in the area and the distance to Mackay/Rocky

My hindsight is always 20/20 too Looks like the asking prices in Dysart have jumped about 90K in the last few weeks – no…[Read more]

]]> 3b1d4b7b5dde3107aabcd41c2bad2373 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579698 Tue, 01 Jul 2008 06:00:04 +0000 BuilderBob wrote:
Daedalus I was speaking with United Group and Leightons about Dysart and they stated just a few weeks ago there was a number of houses that went to auction.  The auction was for rent not sale and some houses fetched $1100 per week.I never recalled seeing any houses that were worth $1100 or actually of any better value.As you…[Read more]

]]> 5ab8028d633f7b2768ac6b8f2bbcdf93 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579690 Wed, 18 Jun 2008 10:19:33 +0000 Indeed! That usually happens with speculations that I decide not to go with…Daedalus

]]> aacd132408a0e82786e287512134cea3 Daedalus replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579688 Wed, 18 Jun 2008 09:26:01 +0000 JL wrote:
If you are after mining towns why not try south from QLD and check this out.  Iluka mining has requested expressions of interest for positions at the new mine intended to open in Northern Vic late 2008.  The two towns closest still have property at around $70k.  Maybe a bargain to be had?http://www.iluka.com/?page=mbsexpressionsKind re…[Read more]

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