Looks like the place is empty…there's a water canal behind the backyard that let me have a quick peek…despite claims to the contrary that one of them instead of 2 of them, are still living there. No-ones seen a car there for a while now.To my knowledge, there is no landline there….we didn't have one when we lived there…Shame…..every…[Read more]
As far as doing it myself, I'm still a newbie at this, and working 60 hours a week in my "real" job is taking alot of time.It's the things I don't know about yet that will bite me in the proverbial……I want to go to the site myself, and look around, but I've been told it's technically "trespassing", and if caught, will only prolong the…[Read more]
Got a live situation at the moment, I notice we didn't receive rent this month (was meant to be paid on the 12th, and in our nominated account on the 14th, or the disbursements happen on the 14th anyway)…made contact with our PM on Friday, as we set up in our clause that we are to be notified within 72 hours if the tenant has not paid rent for…[Read more]
Um yeah…lets get this straight…According to Residex:Capital growth in the last quarter for Sydney homes: 2.58%Capital growth in the last 12months for Sydney homes: 18.81%Capital growth in the last quarter for Sydney Units: 3.24%Capital growth in the last 12 months for Sydney Units: 11.94%Capital growth in the last quarter for Melbourne homes:…[Read more]
My last post was pretty general in nature, it was more of a train of thought, than anything specific…1. Put every gold coin you have in a jar, and put that into a savings account at the end of the month. I'd be shocked if you didn't have $50-$100/mth, simply from the poo change from groceries, general shopping etc etc. If you really want to ,…[Read more]
I guess the old adage of "it's not what you earn, it's what you save", being the old chestnut.For example, the last financial year, my wife went back to study – her income dropped 60%.I changed jobs, earned 30% less than the average of what I earned the previous 4 years.And somehow, we still managed to get to Thailand for an 8 day holiday, buy a 3…[Read more]
I think the distinction everyone has to make, is the break fees are enormous in the early years of a mortgage – it doesn't matter how much you've drawn down a mortgage, with RHG, it's a % of the original loan amount, and how long you've had the loan for.My wife had a RAMS>Westpac>RHG Home Loan and was paying 8.19% on a variable in 2008 (that's…[Read more]
Hi All,DWolfe – completely agree with you re: Wantirna – there was alot of stock on the market in March-June, and it was getting silly – there's no train line, and if Knox wasn't where it was…..you can make your own conclusions.I like beating the Heathmont/Ringwood drum; yes it has gone up in value (16-22% in capital growth on units AND houses…[Read more]
I know this became a liverpool/wiley park kind of posting, but for those who know regional victoria, or those who want to know more…I'm studying Ballarat the next 3-6 months…most of the forums discussing Ballarat are dated 07/08/09 early 2010 and not much else….would be interested in other's opinions..
I'm assuming it's the selling comms with the first sentence being "I'm looking at selling an IP I own"…I recently sold a 2 br townhouse in Artarmon, they charged 2.0% of sale price. This included everything. And by everything, I mean everything. I don't know any real estate agent that will go lower than 1.6% of sale price, unless we're talking…[Read more]
There’s no doubt about the long term capital appreciation in Metro NSW, but there’s always sub sectors within a market, which gets back to my original post… 1b/r on the lower north shore, or a sturdy 2 b/r in the inner western suburbs??
Probably time for me to buy some market data, or keep a very close eye on those areas I was…[Read more]