Hi, was looking at Armidale mid last year, you will always rent the property as its a unit town but finding +ve properties is way past the “find by” date. Good town, great infrastructure andpositive things happening but you’re a bit late for any “bargins” Regards HG

I am very familiar with DHA houses as an ex military member and from having one in the early 90’s before the boom took off in QLD. They are definately a -ve cashflow investment and the management fees have just gone to 16.5% on a brand new home!!! Have you passed out yet? You do pay an inflated price for the properties because of the guaranteed…[Read more]

My sister in law works in real estate in Bunbry and said over a 3 month period it just went beserk at Collie, there were +ve properties there and people became aware of it and it just boomed. Was front page news in the local Bunbury paper recently, the coastal location has attracted a few people who couldn’t afford Bunbury prices. HG

I have a tenant with an elderly Mum that he looks after, a voucher for dinner is his present for being a great tenant. Was thinking of a hamper but thought dinner would be nicer. HG

fyi Hastings is the Port Macquarie area on the mid north coast NSW – great spot and has had huge growth in the last couple of years. HG

Hi Guys, thanks for info, not looking for +ve property, have a friend who is looking to move to the area and I said I might be able to find some good agents for them to contact for finding a ppor for them. HG

Still actively looking at a couple of areas and if the right place came up would buy. Hoping that some of the heat has come out of the market and that sellers will have more realistic ideas on prices. HG

We had huge difficulty with a recent valuation. We have a 3 bed townhouse, two bathrooms right on the beach/lake (limited views) which was valued at 170,000 after a total reno. We were totally shocked and queried the valuation – aparently because of the lack of properties and the fact that if you manage to grab one in this sleepy seaside town then…[Read more]

I know its totally sexist but……

“A woman who strives to be like a man lacks ambition”. Don’t know who said it but it was on my daily calendar from years ago and I still remember it. Amd my mothers to me – “Aim High”. [] HG

I have a great tenant in one of my properties, he asked if I would consider putting in a garden shed if he did the concrete slab, was happy to do that! Have also bought some sleepers and soil/mulch for him to do a garden bed out the front and he asked if he could paint the pergola to match the downpipes – said go ahead – just loooove those…[Read more]

We have had a portfolio loan for 4 years, and have 3 investments hanging off sub accounts. We also get the professional rates discount (its on the amount usually and length of time you have been with them) The account fees have just gone up but they are a tax deduction on the sub accounts if you use them for your investment properties. We also…[Read more]

Guys, Guys, I take the weekend off to go away with the other half and come back to see what you have all been up to – what wonderful deals you have made – how you’ve found 50 11 second properties and wrapped 20 deals and I find that YOU HAVE BEEN HAVING FUN [] – i’m shocked! love all the responses shows that we all have a funny side to us. HG

000 operator for the Police. I’ve been asked for taxis, pizzas, would the kind police give me a lift home because i’m too pi!!ed to drive, and sex in every position you could (and didn’t need to know) existed []. I’ve been sworn at constantly, abused, threatened and even told that they knew where I lived and were going to kill me, all in one…[Read more]

I always start low, you never know how motivated the vendor is to sell and you can always work your way up to a mutually acceptable deal if you wish to. [] HG

When I was looking to invest in Port Macquarie a few years ago one of the local real estate agents used to send me the real estate section every month for my info – also you might find them on line if you know the name of the local paper. HG

thanks Simon, interesting points to consider in the articles. HG

12 hour shifts – 7am to 7pm or 7pm to 7am, but went part time last year so only 3 per fortnight thank heavens. There is nothing good about 4 am – except that 5am is closer to home time. HG

this one has been around a long time but always gets a laugh. As an ex RAAF member is has been attributed to our pilots, Qantas and various military air forces. I have one real life one to add to this one, in 80 was at RAAF Fairbairn in the ACT which had 5 SQN – Iriquois choppers, a new troop posted in was found to be a know it all, so the Senior…[Read more]

That particular Polly has never impressed me and as a landlord now I like her even less [!]. Guess is will be even more important to screen your property manager and make sure you have the right tenants. As if its not hard enough earning the dollars to invest – without the extra stress of finding quality tenants! HG

2 – Jasper a seal tabby point Birman and Annabelle a seal point Birman. Fluffy blue eyed semi long haired cuties who rule the house. Mainly indoor cats but do go out for a play when Dad comes home from work – always with bells on so the local birdlife have time to bolt before they come a prowling. Annabelle is very protective of her surrounds, one…[Read more]