Total Members: 158,085

gronk007

  • gronk007 replied to the topic Investors Ruined Australia in the forum General Property 13 years, 4 months ago

    I don't even know how to begin to respond to that post.

  • gronk007 replied to the topic “property managers” too busy to manage properties! in the forum Opinionated! 13 years, 4 months ago

    It's a pretty good area I'm in at the moment…I have to wait the proper period and all that as well…..I don't expect too many dramas with filling it, but thanks for the additional websites!

  • gronk007 replied to the topic Selling – Agent’s Commission in the forum General Property 13 years, 4 months ago

    2% of sale price. Not a cent more.Sold on first inspection day, got more than I wanted.Brilliant.

  • gronk007 replied to the topic “property managers” too busy to manage properties! in the forum Opinionated! 13 years, 4 months ago

    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]

  • gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property 13 years, 4 months ago

    Hi Simon87,Liberty Meat Exports 47-49 Chifley Dr, Preston VIC 3072 (03) 9484 0605Gets busy on weekends…went there on Saturday

  • gronk007 replied to the topic “property managers” too busy to manage properties! in the forum Opinionated! 13 years, 4 months ago

    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]

  • gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property 13 years, 4 months ago

    if you don't want to spend money, leave your cards on the bedside table….should have thought of that at the beginning of the weekend!

  • gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property 13 years, 4 months ago

    Come on everyone!!! We must have at least one specific money saving tip we have to share!!!!

  • gronk007 replied to the topic October 09 Property Crash Begins in the forum General Property 13 years, 4 months ago

    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]

  • gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property 13 years, 4 months ago

    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]

  • gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property 13 years, 4 months ago

    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]

  • gronk007 replied to the topic RHG – exit fees $16000! HELP in the forum I think the distinction 13 years, 4 months ago

    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]

  • gronk007 replied to the topic Best Melbourne Suburbs to Invest up to $500K in the forum Help Needed! 13 years, 4 months ago

    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]

  • gronk007 replied to the topic How to sell and investment property in the forum Help Needed! 13 years, 5 months ago

    Did this ever sell? This thread was 6 months ago, sorry I missed it at the time…

  • gronk007 replied to the topic good area under $200k in the forum General Property 13 years, 5 months ago

    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..

  • gronk007 replied to the topic How much is your real estate agent’s commission? in the forum Help Needed! 13 years, 5 months ago

    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]

  • gronk007 replied to the topic What to do with $250,000 in the forum Help Needed! 17 years, 7 months ago

    Thanks for everyone’s help – things are heaps clearer now :)

    Anymore thoughts, especially outside the square are appreciated…

    Adrian

  • gronk007 replied to the topic What to do with $250,000 in the forum Help Needed! 17 years, 7 months ago

    Hi,

    I think my post says high single digit, low double digit growth….

    There’s a big difference between simply putting the money into places like ING or BankWest, I have no interest in those kind of accounts for this kind of money..

    I intend on re-investing the distributions of the Imputation Fund back into the fund…The advantage of the…[Read more]

  • gronk007 replied to the topic Never invest in 1 b/r units in the forum Help Needed! 18 years, 1 month ago

    Just Learning…

    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]

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