Forum Replies Created
Feel old when these posts from years ago come up
Steve Keen – Wrong. Analysts – Wrong. Kochie – Always Wrong. A bunch of scaremongers from USA – Wrong.
GOM – Right. Everyone who still bought property in the last 3 years – Probably right.
The two issues we may now have in Oz is the banking system, and demographics.
The banks wish to see the status quo continue and keep property at the same prices by offering limited lending. If you are going to stay in the same house for 30 years and the same job 30 years then Mr Bank Manager wants to know you! Construction finance….. that's whole other basket of fish.
It'll also be interesting as Gen Y and the next gens start to come into the banking scene what will happen. They'll be used to change and flexibility, will the current housing system (difficult to easily trade/move/sell property) be something that gets a revamp in the next few years.
Oh and the Grey Tsunami – I'm voting this myth busted.
Those are my things to watch for the next 3 years!
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi PCF Investor,
We'll be there
say hi if you see us, normally front seat fairies at the market update Who else is going off the forum?
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi all,
Being both a tenant and a landlord, I've never changed the locks as landlord and never had a landlord/PM change the locks for me.
The exception to this of course is when I'm renovating. I'll change the front door lock, generally coz I'm changing out the whole door anyway. I have had ex-tenants visit during renovations and it's a nice feeling to know that they can't just waltz in the front door.
As a tenant you can ask for the door locks to be changed at your expense, I must say most suburbs I have lived in I haven't bothered.
I have been robbed recently and they broke the fence and smashed a window, so a dinky thing like a having a key wasn't really going to worry them!
As the landlord it is up to you what 'extras' you do, tenants don't expect the locks to get changed out each year/6 mths with a tenancy change.
I like the electronic option, I'm thinking keyless entry on the next house
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi replytokat,
Plenty of lovely ladies on the forum are on the investment track with kids in tow (some of the guys too
).You'll need to think about risk. How much are you prepared to play with, and what happens if that goes pear shaped? Are you happy with just cash flow positive properties or do you see yourself carving out a new niche and career for yourself over the next few years while you are home with the kids? What skills do you have so that you can manage the properties, investments, people to make it work, do you need to learn some new ones?
It's hard for anyone to suggest exactly what you should do, it'll take you a little time to figure it out yourself. You at least have a goal, now you can work backwards from there. eg. completion of Goal, step, step, step, jump in the deep end, overcome fear, feel confidence, strategy, explore all options (cash flow positive, renos, development), no idea start. I'm not sure that makes sense….
Ask yourself questions, hard questions. Ask hubby questions, what if he doesn't agree?
It can be done, sometimes it'll get a little messy, or hard, but stick at it.
Let us know how you get on, you've made a good start by becoming part of the community.
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi Spearsy,
Yep get the contracts reviewed by a solicitor (preferably in the same state, so they know the ins and outs). You should be able to add clauses, get your solicitor to write some for you so they are nice and legal, it is then up to the vendor whether they accept the contract with those clauses.
Check through the inclusions list very carefully, don't assume it comes with something (eg, flyscreens) just because the display property, or pictures have them. Check the clauses carefully, such as sunset clauses to see timelines, get your solicitor to flag anything they think you should read carefully and understand before signing.
Some of the other guys on here should be able to offer up some ideas too
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi Anthony,
You could also talk to the guys at Pillar and Post (formerly brutal art). They are in Melbourne and have been great contributors to this site for a long time. If I remember rightly Ash from Stacey surveying can also hand hold (or recommend someone) to take care of the process of gaining an approval.
Keep us posted
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi Nue1,
I sent you a PM
Thanks Jacqui – I've been renovating for clients now so haven't had time to jump on here for ages!!!
See how you go with the property manager, you might find thy don't need or have time for the obligation of being your project manager. You might be able to talk one of your tradies into overseeing the renovation for you at a price.
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Me
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