hi,Get a pet bond. Write it into the lease get them to sign. Then get extra money as bond maybe $200. Then have a clause that states they must flea bomb when they leave and any damage that is caused by the animal is paid for. Pet bonds are really common in WA not so common over here but a great idea. Ask your agent, if they have never heard of it…[Read more]

They are going up!!!!!Look at Camberwell and Surrey Hills which is just a joke at the moment. People are paying 1.5 for a block with nothing but a shack on it.  You tell me where this will go. Will it go up? Will it go down? Will the Melbourne and Perth market shoot through the sky? Will first home buyers FINALLY be priced out of the market once…[Read more]

Hi,Why don't you give the council a call and ask them if you can get a permit, or a backdated permit for this. You may find that in this area it was common to have dodgy extensions done. I think one of mine may face this problem later on too. I would (and may have to later) approach the council, get someone to come out if need be to inspect and…[Read more]

Hi all, Have to say I was very surprised to see both Carly and Mark's names on the list. Have they paid to be included? Is their spot 20 mins of advertising their wares that Steve has charged them top dollar for? Has Steve offered himself as a guest speaker for them? I really hope that it is 20 minutes of advertsing and that not all the 3 days of…[Read more]

Thanks Dannyde and Duckster.Yeah the sums part is the part which will probably make it a no go. Funny that. The cash can be used for something way better, developing more units. It doesn't really work if the loan isn't 95%, if the loan amount isn't under $500k and if the associated costs all add up to a couple thousand extra p/a. It is an…[Read more]

True!!!! I just think they assume that the man is the buyer. Everyone knows that the if the woman even slightly shakes her head the deal if off! I think it also depends on the area too. If you take kids to an open they automatically tag you as first home buyer, they also assume you have to 'ask your husband'. So far I have picked out all our…[Read more]

Ta v8ghia! That's the story about the other car in the garage. I think I could pay the stamp duty if I sell that. Anyone need a Honda Integra Type S? As for the fuel in the big red car, I'll be asking for petrol vouchers for my birthday ! Lalcorn, my dad (who was in on my musings and the car today) put it this way, equity on rent money is $0. Just…[Read more]

Thanks FinSpec,You have added another way for me to look at this! Much appreciated.D

Hi,Some one I know paid just under a mil for a house that backed directly onto the tracks. Meanwhile the kids love it! I would call a couple other agents and ask about ease of rent/sale. Maybe knock on the doors and ask the people living there if it really doesn't worry them it doesn't matter. They might not ever be there as they commute to work.…

Wow! That red flashing light is really going off. Run!D

I'll be attending a certain conference in May, something about property investment? D

I would be running with you I have to say. How good is the builder? How good is their warranty next time? How quick and easy will it be to repair? Will they repair everything like damage to walls or floor boards or will they just fix the initial problem? Will you have a fight on your hands getting the repairs done if it is not written (very well)…[Read more]

Hi,Better get a lawyer! I thought that if the wording for termination on grounds of the building inspection report was along the lines of "building inspection uncovering a structural fault' then you have no hope. If the wording is along the lines of "subject to the building inspection report being satisfactory to the purchaser" type thing then you…[Read more]

LOL get the tents FWord haha!D

If you read the second Wolf of Wall street book, Jordan Belfort was in at the bottom of this use your home equity to buy junk craze. Do you think that in that case then rents will stay the same for years at a time? Will people live in trailers and tents? I think many Australians would do without something else rather than the roof over their head.…[Read more]

LOL! You are on one of the 'Guru's' sites. They all have something of value. Steve is about cash flow and commercial, Michael is about the first 15kms of the inner city doesn't matter about cashflow. Margaret Lomas is about cash flow with depreication. Read them all and adapt to suit yourself. No one has the exact answer but a blend is nice.…

Hi,I think parts of  the market have deflated already. I've been watching pretty much from Croydon outwards for awhile now and that market has definitely had a price drop. About a week after the FHBG stopped the prices went down. Lucky we got rejected on an offer actually because the price rises there were not sustainable. Silly us!The problem I…[Read more]

I guess google earth is so good now you practically can see the people on the streets, YI. Gotta shop in your car and on your feet a bit more. All well and good to see the map, but………………………………………………..How do you know what the people living there are like? Are there stacks of mothers pushing prams or heaps of…[Read more]

Thanks Christian,I'll be interested to see the second two to see how many more steps there are. The urban apartment development will soon be all the rage in Vic I think. Squeeze em in anywhere you can D

Nice one! Always good if there is one of the major fast food places like mcchukkas or the not so fat anymore KFC. (I think he looks a little younger too….airbrushing maybe?) If there is a Target or Kmart thats good too. Our regional town (IP) has a very nice NEW Mitre 10 which is about the same size a Bunnings.  D