PropertyInvesting.com | emptypockets | Activity https://www.propertyinvesting.com/members/emptypockets/activity/ Activity feed for emptypockets. Sat, 11 Apr 2026 04:49:51 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b913c8cd572fa312f6fdd8b11eb8e6c8 emptypockets replied to the topic Defence Housing in the forum Help Needed! https://www.propertyinvesting.com/topic/4394652-defence-housing-2/#post-4595243 Mon, 15 Dec 2008 13:53:26 +0000 A 3 bed DHA townhouse recently sold near me.  It had been on the market for over 12 months. Yield was around 6%. Long leases may give you security but it serverely limits your potential buyer pool should you need to sell. You don't have to go through DHA and pay "fair" market value. Plenty of distressed vendors willing to negotiate.

]]> 1f93295ecc8dc0e9930a8d8d79cb1b58 emptypockets replied to the topic Property Secrets in the forum General Property https://www.propertyinvesting.com/topic/4393652-property-secrets-5/#post-4589886 Mon, 07 Jul 2008 13:20:53 +0000 is this them?http://www.news.com.au/business/story/0,23636,21227424-462,00.html

]]> 56e0b9243bf5c5b9088b8cccdcdffbaf emptypockets replied to the topic P+I or IO loan on property used as home in the forum General Property https://www.propertyinvesting.com/topic/4392853-pi-or-io-loan-on-property-used-as-home/#post-4585501 Thu, 10 Apr 2008 14:02:57 +0000 It's hard to get your head around paying IO on your PPOR. It goes against the australian dream of  needing to "own" your home. As terry suggests there is nothing stopping you from paying more if you desired. In the early stages the the slightly lower repayments of IO will help with your cash flow.

]]> 97c2a17c95f31f5f8e1d8ad8f7ff2d51 emptypockets replied to the topic No more bottled water and take away coffee? in the forum Opinionated! https://www.propertyinvesting.com/topic/4390448-no-more-bottled-water-and-take-away-coffee/#post-4571985 Fri, 17 Aug 2007 23:44:49 +0000 okkamooie wrote:
I have a stable job in an industry not affected by ecconomic climate.  If this was not the case then I would be concerned and a bit more cautious.

This is what concerns me at the moment. I don't know anyone who thinks things could get worse for them.

]]> 79d59b041b774b946b6adf577442480d emptypockets replied to the topic Cooling off period in the forum Help Needed! https://www.propertyinvesting.com/topic/4384257-cooling-off-period/#post-4540956 Thu, 24 May 2007 10:58:38 +0000 There are a number of reasons a vendor may request you to waive cooling off rights* There is something wrong with the property that they are aware of. * They may want to move on another property and need your commitment before they can commit elsewhere.* They have been stung by someone else who has pulled out and don't want to go through it again.

]]> ddd20da1b9804010c46de0f53cf90f6f emptypockets replied to the topic Sydney anyone! in the forum Help Needed! https://www.propertyinvesting.com/topic/4389535-sydney-anyone/#post-4567400 Tue, 22 May 2007 11:00:28 +0000 you may want to have a look at the somersoft.com forums as well.

]]> fc1c8e3932f5058d79f0478bd9a33443 emptypockets replied to the topic Size of sinking fund ... in the forum Help Needed! https://www.propertyinvesting.com/topic/4389698-size-of-sinking-fund/#post-4567980 Tue, 22 May 2007 10:05:22 +0000 So basically its $2500K per unit. That sounds okay unless there are pending repairs or maintenance that is being ignored.  I have a unit in a complex of 30 that has about 90K sinking. Check the strata report and previous strata meeting minutes for outstanding issues.

]]> 9cba2af3ef1d374441dfd64d777aa7e1 emptypockets replied to the topic Where Do I start? Am I too young in the forum Help Needed! https://www.propertyinvesting.com/topic/4389635-where-do-i-start-am-i-too-young/#post-4567755 Sun, 20 May 2007 00:19:03 +0000 It doesn't matter how old you are. If you don't start TODAY where will you be in 10 years time from now?

]]> 404f6e3410fc35c6c711c6030310ddae emptypockets replied to the topic How to Sell ... Home in sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4389515-how-to-sell-home-in-sydney/#post-4567332 Sun, 20 May 2007 00:15:50 +0000 I don't think a private sale is the way to go. Find a good agent who is a skilled negotiator. Many buyers don't want to deal with the owner of a property.

]]> 0b4807f016798936551603e73b589b78 emptypockets replied to the topic home theatre setup in a IP in the forum Value Adding https://www.propertyinvesting.com/topic/4388925-home-theatre-setup-in-a-ip/#post-4564408 Mon, 16 Apr 2007 12:14:06 +0000 The less "machines" in an IP the better. Less can go wrong & less cost. I can just see a tennant burning up the hours on the globe by leaving it on all the time (which you will have to replace). Can you make the theatree room into another bedroom, study or games room instead? Sell the projector on ebay. Do a little painting and patching. You can…[Read more]

]]> 33152fb3306fcbb097d4a3def2f990fc emptypockets replied to the topic Interest Rates - 2 Fix or not to Fix..?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389287-interest-rates-2-fix-or-not-to-fix/#post-4566184 Mon, 16 Apr 2007 12:05:49 +0000 Why not do a mix of fixed and variable?

]]> ed903e7310720f778afde8153663c8d8 emptypockets replied to the topic Building and pest report..some questions. in the forum Help Needed! https://www.propertyinvesting.com/topic/4389295-building-and-pest-report-some-questions/#post-4566238 Mon, 16 Apr 2007 12:04:07 +0000 On one property we had a barrier treatment done and cost around $1500. Also had some baits put around the garden. I think you can just do baits which would be cheaper. Just remember to get an inspection every two years.Telling the council could also result in them telling the existing owners to pull it out! I would suggest you talk to the building…[Read more]

]]> 76e7083919b9aee99da44f1806c939b9 emptypockets replied to the topic Mortgage Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4389284-mortgage-insurance-12/#post-4566173 Sun, 15 Apr 2007 13:00:48 +0000 I think Westpac may do 85% without LMI.

]]> 7dd66896e5cefc5be2efb9548548b555 emptypockets replied to the topic charge tenants for water in the forum Help Needed! https://www.propertyinvesting.com/topic/4388630-charge-tenants-for-water/#post-4563189 Thu, 01 Mar 2007 12:51:06 +0000 when I worked as a property officer we charged all tennants for water usage. We were the only REA in the area that did this. The other offices thought it was too much paper work.

]]> 635bb553a227c9476b608b85fc57b09d emptypockets replied to the topic Investing in Units and townhomes in the forum No Subject https://www.propertyinvesting.com/topic/4388608-investing-in-units-and-townhomes/#post-4563097 Sun, 25 Feb 2007 09:58:44 +0000 I also think it would depend on how many units/townhouses are in the complex. You might not want a unit where there are 200 others in the building. May reduce CG potential.

]]> 3569643667f9c5d8d8a08c9421cc3260 emptypockets replied to the topic What is cross collaralised ?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388607-what-is-cross-collaralised/#post-4563076 Sun, 25 Feb 2007 09:55:15 +0000 I wouldn’t be too concerned if you just have the one IP crossed. At the time it was probably the easiest thing to do. Just don’t do it again!

]]> ac717a2907865ed690ffbc79ad6b6d14 emptypockets replied to the topic $300k + (How much is "+'' usually) in the forum No Subject https://www.propertyinvesting.com/topic/4388615-300k-how-much-is-usually/#post-4563125 Sun, 25 Feb 2007 09:49:52 +0000 Just ring them and ask, “how much would the owners take”. It will give you an idea of the asking price then.

Doesn’t mean they won’t take less though. I bought a place that was advertised offers over $520K, but paid much less.

]]> 3f57e7eb68d0925b6706986e2755f395 emptypockets replied to the topic To sell with or without a tenant? in the forum No Subject https://www.propertyinvesting.com/topic/4388579-to-sell-with-or-without-a-tenant/#post-4562980 Thu, 22 Feb 2007 13:38:42 +0000 Is there currently a tennant in place? If yes, keep them in there but do not renew the leaase. You can always settle based on vacant possesion.

If no, keep vacant for a couple of weeks while property is being advertised. Just make sure the RE agent includes expected rental in advertising.

]]> 46570ce5e8d07c4878215ddc0ee2cb79 emptypockets replied to the topic +CF properties in the forum General Property https://www.propertyinvesting.com/topic/4388407-cf-properties/#post-4562048 Tue, 20 Feb 2007 13:20:36 +0000 Postive cashflow is out there, here is one crapper. Or getting close to cash flow postive anyway. But not my cup of tea. CFP have been harder to find in the last couple of years but what goes around….

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006160273

]]> 2d28174a3133766e6cc270b2d52fa5ae emptypockets replied to the topic rental guarantee in the forum General Property https://www.propertyinvesting.com/topic/4388524-rental-guarantee/#post-4562680 Tue, 20 Feb 2007 13:04:16 +0000 Don’t buy anywhere you are not familiar with. Pay for a independent valuation before signing anything. Couple of hundred bucks may save your own home.

]]> 62424125ff1876ecfd726a44fd996717 emptypockets replied to the topic Finding a good accountant in the forum No Subject https://www.propertyinvesting.com/topic/4388543-finding-a-good-accountant/#post-4562786 Tue, 20 Feb 2007 12:45:03 +0000 A good question to ask “do you own any investment properties”.

So many accountants/financial planners are only into managed funds because they pay commissions. When your fund goes down they say buy more, when property goes down they say sell out and invest into managed funds!

]]> c622751302bde3b2d96225accd8e065b emptypockets replied to the topic Purchasing 2nd Investment Property in the forum No Subject https://www.propertyinvesting.com/topic/4388381-purchasing-2nd-investment-property/#post-4561925 Fri, 09 Feb 2007 12:38:36 +0000 I prefer to buy in an area I know and understand. It’s good to be able to drive past regularly to make sure it’s still standing.

]]> 6f84e6a927b1f44896e8aa5b44148499 emptypockets replied to the topic bathroom mould in the forum Help Needed! https://www.propertyinvesting.com/topic/4388371-bathroom-mould/#post-4561852 Fri, 09 Feb 2007 12:30:55 +0000 There is an additive you can get to put in any paint that is going on walls that are exposed to moisture. Can’t remember it’s name but just as the guy (or gal) at the paint shop.

]]> c10a4d86f09f422a241594b2057d1eed emptypockets replied to the topic Repair bills kill a deal? in the forum No Subject https://www.propertyinvesting.com/topic/4388091-repair-bills-kill-a-deal/#post-4560678 Sat, 27 Jan 2007 12:54:19 +0000 I would take 30% as a more reasonable figure. Better to be safe than broke.

]]> d2af65253976ee3aa380a020b23c96ff emptypockets replied to the topic Realestate Agents - Are they worth 2% in the forum Help Needed! https://www.propertyinvesting.com/topic/4387453-realestate-agents-are-they-worth-2/#post-4557656 Wed, 22 Nov 2006 12:47:39 +0000 I agree with most of the above points apart from dealing with an agent that is prepared to cut their own commission.

Give me an agent that is prepared to walk away from my listing rather than cut their fee. If they are going to give away their own money, what chance have they negotiating the best price of my greatest asset?

]]> 2011444b6e0036bccb84c0115b5d1586 emptypockets replied to the topic IS THE GREAT AUSTRALIAN DREAM FINALLY DEAD!!!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387384-is-the-great-australian-dream-finally-dead/page/2/#post-4557275 Thu, 16 Nov 2006 01:34:19 +0000 Originally posted by foundation:
Hey Marc,
I notice you’re ‘L.A.’ Aussie… how about starting a new thread with an on-the-ground account of how the REI world is doing over there?

“Between June and September, the median home price, or midpoint of all home sales, had dropped by $20,000.”
OC Register Article

F. [cowboy2]

Hi F,

Some very…[Read more]

]]> 67a74dcda51614fbad7034f7f37e34e7 emptypockets replied to the topic IS THE GREAT AUSTRALIAN DREAM FINALLY DEAD!!!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387384-is-the-great-australian-dream-finally-dead/#post-4557257 Mon, 13 Nov 2006 13:00:38 +0000 Just searched the internet and there are places in your area under $300K. I have no idea what you are on about.

]]> b9eed4c710dff9edbfc64be3a2634322 emptypockets replied to the topic IS THE GREAT AUSTRALIAN DREAM FINALLY DEAD!!!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387384-is-the-great-australian-dream-finally-dead/#post-4557255 Mon, 13 Nov 2006 12:46:13 +0000 Oh you poor little thing.

Do you need a tissue?

If you want to earn an AVERAGE wage then continue to complain about how tough you have it. The only thing stoping you having the life you want is you.

The baby boomer generation made sacrifices to get where they are and deserve the right to do with their money as they please.

Put down your…[Read more]

]]> 79bb2874abf00dc63ea2a4e1d6914603 emptypockets replied to the topic Invest in property...looks like a dud to me. in the forum Help Needed! https://www.propertyinvesting.com/topic/4387224-invest-in-property-looks-like-a-dud-to-me/#post-4556577 Thu, 09 Nov 2006 00:57:08 +0000 If you’re considering a managed fund take a look at the Geared Wholesale Funds offered by Colonial. I have been with them for the last 2 years and am traking at around 40%pa the last two years. Although this can’t last forever!!

While you can’t take advantage of the tax deduction from the gearing done for you, some lenders will let you borrow to…[Read more]

]]> 944e9708eba242b17625cfb2ee79d1b9 emptypockets replied to the topic Internet (or lack of) in the forum General Property https://www.propertyinvesting.com/topic/4387347-internet-or-lack-of/#post-4557116 Wed, 08 Nov 2006 06:57:22 +0000 I don’t believe there are any requirements to force a company to provide internet coverage.

We live in a well-established suburb of Sydney and only 1/2 the street can get adsl.

We ended up having to get cable.

]]> b82af39d2e3b8f0ef6e9362a577ef2c7 emptypockets replied to the topic How to find tenant's address? in the forum General Property https://www.propertyinvesting.com/topic/4387306-how-to-find-tenants-address/#post-4556915 Tue, 07 Nov 2006 05:12:48 +0000 Try searching this website

http://greypages.mazzanet.id.au/
http://greypages.mazzanet.id.au/

]]> f2d1ded14cfb2072cebfa69a8ed9bfcd emptypockets replied to the topic Property value increase via suburb name change? in the forum Value Adding https://www.propertyinvesting.com/topic/4386079-property-value-increase-via-suburb-name-change/#post-4551262 Thu, 20 Jul 2006 00:05:38 +0000 It’s a little different but in the mid-90’s Bellavista (north west syd) opened up. It was proposed that the suburb of Crestwood next door should also be called Bellavista.

The Crestwood residents complained and it never eventuated. A huge missed opportunity as prices in Bellavista have shot through the roof, with many well over $1million.

I…[Read more]

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