PropertyInvesting.com | hgwells | Activity

hgwells replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed!

Sun, 08 Jan 2012 04:14:32 +0000

and could you add Dysart to that list, I have two properties bought there 4 years ago, and am thinking of buying in Emerald/Gladstone/Dysart again. Cheers and happy new year!

hgwells replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding

Mon, 10 Aug 2009 09:53:12 +0000

Hi Mike, thanks again for the report, was very kind of you to send it. regards HG

hgwells replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed!

Sun, 09 Aug 2009 04:45:39 +0000

My real estate agent just posted a request for anyone selling in Dysart he's run out of properties to sell! And nope i'm not selling mine, he attached an article saying that the area continues to perform strongly and the demand for coking coal is still high and that development is still continuing, gotta be happy with all that )

hgwells replied to the topic Property investment lawyer - Melbourne in the forum Help Needed!

Fri, 17 Jul 2009 23:09:00 +0000

I need one too, last one was not up to scratch – so… anyone prepared to share??

hgwells replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed!

Tue, 16 Jun 2009 11:27:11 +0000

Just been up and had a look at my 2 ip's in Dysart, both rented on long leases, and renewed at 1000.00 until 2010. There is an excess of small unrenovated property in the area atm, landlords that have taken their money and not done any maintenance, some have been vacant for 3 months or more now. Larger better maintained properties are still re…[Read more]

hgwells replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed!

Fri, 13 Feb 2009 03:20:07 +0000

Well, in Dysart, I just had one lot of tenants on short term contract move out, and BMA move in with rent at 1000.00 pw with a 6 monthly rental review on a 12 month lease, and the other tenant has just said they are staying as well and want another 12 month lease at the same amount. But yes the fast growth period may have finished, i've noticed…[Read more]

hgwells replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed!

Sun, 13 Jul 2008 01:36:05 +0000

Daedalus, More to the point, do you know anyone able to do a reno like that for you? I too would like to do my two places there up a little, both are high sets one has been done downstairs several years ago and needs work, the other one is only half filled in with gaps still and a bathroom started but with only a toilet. Can anyone rec…[Read more]

hgwells replied to the topic Investing in Display Homes in the forum Help Needed!

Sat, 12 Jul 2008 03:26:34 +0000

No stars here mate, this will be ip property numbers 8 & 9, i've done my due diligence i've just not purchased this type of property before, yes they are in growth areas, and yes they have a slight premium on them, but they are also finished to an extremely high standard, and in areas with high rental demand, so just wondering if anyone else had…[Read more]

hgwells replied to the topic Investing in Display Homes in the forum Help Needed!

Sat, 12 Jul 2008 00:22:23 +0000

8% rental return plus depreciation to be added to it

hgwells replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum I just put my rent up in

Fri, 11 Jul 2008 12:46:25 +0000

I just put my rent up in Dysart from 700 to 850 pw and I was told I was being conservative! I understand its quite true that some are renting now for 1100 pw there. And prices have moved a lot too recently, API predicted Dysart as one of the top hot spots for the forthcoming year and it seems they were right on.

hgwells replied to the topic bath tub in the forum Value Adding

Thu, 03 Jan 2008 12:26:44 +0000

yup, a bath is always good for a family rental, I would think not having one would be a detraction to a property. I've just bought one, and they have renovated and taken it out, however, I have the chance as its a high set to build in downstairs, add a bedroom and another bathroom, and yup, the bath will go in there, even if its a shower over…[Read more]

hgwells replied to the topic sell or hold ? in collinsville in the forum Help Needed!

Thu, 03 Jan 2008 12:16:35 +0000

i'd be hanging on, there has been good growth in the area, can't you just use the equity to start you off on the next project. I've just bought in the area, and once again its tipped for over 20% growth because of the growth in the mining industry in the area. I'm buying again, and again in the new year…. such a shortage of accommodation in t…[Read more]

hgwells replied to the topic Help Needed...Upper Coomera, SEQ in the forum Help Needed!

Thu, 03 Jan 2008 12:12:10 +0000

i'd hang on, the whole region is tipped for major growth over the next few years. The developers are buying up any land they can and the sewerage has just been extended in Nov in the area. There would be lots of information on the net regarding the development happening in the area. If you have good tenants, and the property is not sitting th…[Read more]

hgwells replied to the topic Northern Coastal NSW and Sunshine coast what are your opinions in the forum Help Needed!

Thu, 03 Jan 2008 12:06:56 +0000

Hi Nat, see if you can still grab the last two issues of Australian Property Investor, they listed the top 100 spots for growth in the next year, and there was some pretty good research write ups done by them. I invest on the mid north coast around the Port Macquarie region, slow growth atm in the area, about 6% last year. And unless you ma…[Read more]

hgwells replied to the topic Any ideas on creative refinancing please? in the forum might help to look at your

Sun, 18 Nov 2007 11:51:33 +0000

might help to look at your credit cards too, I just learned that if you say have an amex or visa with a 20,000 limit, even tho you pay it off every month, the lenders consider it maxed out when working out your finances… it all adds up. Good luck

hgwells replied to the topic Found that elusive positive cash flow property... finally in the forum Marc, The town is about

Tue, 06 Nov 2007 12:56:15 +0000

Marc, The town is about pop 5000, and growing, with an obvious shortfall in decent housing and huge growth in employment.Cheers and beers

hgwells replied to the topic Found that elusive positive cash flow property... finally in the forum General Property

Fri, 02 Nov 2007 13:29:43 +0000

errr…Its Ms thanks, and yes i'm a nice person how kind of you to point that out. I took the advice of researching, reading, attending seminars and doing my homework, NOT asking where are the +CF deals and waiting for them to drop in my lap thanks. No one on here told me where to find the deals, and nothing here says I have to give you all my h…[Read more]

hgwells replied to the topic Found that elusive positive cash flow property... finally in the forum General Property

Fri, 02 Nov 2007 12:59:11 +0000

Tell the forum!!!! And then you can't work out how to find your own deals. I'm happy i'll be getting excellent growth… predicted at over 20% in the next year. And…i'd like to see if I can get another one before everyone else does lol. But its not rocket science, just follow all the tips here and you can find them yourself, and get out and…[Read more]

hgwells replied to the topic DHA property in the forum General Property

Thu, 01 Nov 2007 13:21:22 +0000

YUP, Darwin would have been a good buy a few years ago to hop on the growth there. Me, I did my homework, bought the block of land next to me, put a house similiar to what DHA were building on it, made 150,000 growth and i'm getting at least 50 bucks a week more rent than the DHA ones are returning, and I pay normal agents fees on it not the…[Read more]

hgwells replied to the topic DHA property in the forum General Property

Thu, 01 Nov 2007 10:48:46 +0000

I live in a street full of DHA properties, no one can sell them here in Medowie, the rent is poor and the outgoings high, yes you pay for your "free carpet and repaint" with those fees. As an ex military person, we know they are all not a great investment. You can find much better with a bit more research. Prices in Medowie are fairly flat at…[Read more]

hgwells replied to the topic First meeting of "Renovators Who Are Not Tradies Anonymous" in the forum Value Adding

Wed, 03 Oct 2007 14:26:12 +0000

this is She Who Supervises Some of the Renos Hubby does28. Balancing on two laders, with a flimsy bit of timber across them, then a couple of bricks, then an empty milk crate to reach up to that last bit of the wall that needed painting… and causing aforementioned She who Supervises to actually hold her breath quietly when she walked in on…[Read more]

hgwells replied to the topic Can I sub divide common property in a unit complex of 6 so that we have private individual back yards....??? in the forum financial situation would be

Wed, 19 Sep 2007 18:06:23 +0000

financial situation would be one possible flaw in the idea. If one person can't afford to buy their backyard, then you could all be in trouble. You may also have to look at strata fees, if this was common ground then the body corporate would have paid for maintenance on it, if it becomes private, then what would you do? Also our strata levies a…[Read more]

hgwells replied to the topic Swimming Pools in the forum Help Needed!

Wed, 19 Sep 2007 17:59:28 +0000

if your concerned about maintenance, get a pool man to come regularly and service it, then you know if you repair it your money has been well spent, and of course, it adds to your maintenance deductions, as will the new plant to your depreciation schedule! With summer coming up it could be the decider between someone taking your place or not,…[Read more]

hgwells replied to the topic What would you do with a windfall in the forum Duckster, the holiday house

Wed, 19 Sep 2007 08:01:30 +0000

Duckster, the holiday house will be totally owned, yes its a luxury but not something i'd ever sell its only got a relatively small morgage on it, and its waterfront, so its value is only going up. We don't rent it out, but our family and friends all use it, and they contribute in lots of ways to its upkeep. I'm in newcastle nsw, so i'll keep an…[Read more]

hgwells replied to the topic How many IPs do you have? in the forum General Property

Wed, 15 Aug 2007 12:52:50 +0000

1 ppor owned 380,0001ip value 360,000 owe 210,0001ip value 340,000 owe 180,0001ip value 340,000 owe 250,0001ip value 330,000 owe 180,000all in northern nsw (newcastle, port macquarie areas)always looking for the next one

hgwells replied to the topic Parents own too much land for pension in the forum Help Needed!

Thu, 06 Apr 2006 04:17:52 +0000

With a reverse morgage you can still will the property to whoever you want, just the bank gets its cut out of the sale. I know St George does one, enquire how they work actually, it might help your situation, however they still won’t qualify for the pension if they keep the asset.

hgwells replied to the topic Westpac and Defence Force Housing in the forum General Property

Tue, 04 Apr 2006 14:29:32 +0000

As a 20 year RAAF member and having owned a DHA leaseback house way in the late 80’s, and been a Housing Officer ,I wouldn’t touch these investments with someone else’s money. As mentioned – huge management fees, expensive purchase prices which are out of touch with current prices and they are a bugger to onsell. The leases are ironclad – you…[Read more]

hgwells replied to the topic what would u do with 300,000 cash in the forum Help Needed!

Mon, 31 Jan 2005 08:24:02 +0000

I own my ppor and have loc for the 4 investment properties alreay. So you think to park would be the best at the moment. HG

hgwells replied to the topic Flat Pack Kitchens - anyone done one? in the forum Help Needed!

Mon, 12 Jul 2004 22:54:23 +0000

thanks for the info guys – any idea what cost savings you made compared to getting someone else in to do it? HG

hgwells replied to the topic Flat Pack Kitchens - anyone done one? in the forum Help Needed!

Mon, 12 Jul 2004 12:49:23 +0000

thanks Patrick, will check if we can “hire” help from the manufacturer to assist us – just in case. HG

hgwells replied to the topic Access prior to settlement for renos in the forum Help Needed!

Mon, 28 Jun 2004 05:01:11 +0000

thanks for the advice guys, have just spoken to the solicitors and it seems we will be able to do a 30 day settlement so will wait until the keys are ours. HG

hgwells replied to the topic Makeover Garden in the forum Help Needed!

Sun, 27 Jun 2004 14:45:58 +0000

try your local native nursery, they usually supply tubestock which is quicker to establish, I got agapanthas for $1/ea and they multiply easily, also bottlebrushes and grevillias for under $2 – they usually supply according to how many plants you buy, so the more you buy the cheaper you get, throw in one of those dripper systems if the water…[Read more]

hgwells replied to the topic POLL in the forum General Property

Sat, 24 Apr 2004 13:23:06 +0000

own our ppor and have 3 others – all in nsw – [crying] hg

hgwells replied to the topic Bye Bye NSW Property Market (long) in the forum General Property

Tue, 06 Apr 2004 13:52:16 +0000

I agree with Steve’s comments, there is no way they would have dared to make this decision if there was an election on the way, will we remember in a few years time the sneaky way he did this to cover his governments poor financial state. Investors have long memories Mr Carr, and most importantly WE PAY THE DAMM TAXES. HG

hgwells replied to the topic So what will NSW investors do now? in the forum No Subject

Tue, 06 Apr 2004 13:44:34 +0000

I know one think – the rent I expect from my ip’s just went up, I always try to keep it on the “a little low and reasonable” side of the coin, maybe the time has come to look at it a bit harder. HG

hgwells replied to the topic NSW: stamp duty payable on sale of investment prop in the forum General Property

Tue, 06 Apr 2004 03:11:40 +0000

Not Happy Jan, the Govt is just taking more and more money from our pockets. They should abolish stamp duty for a first home buyer completely and lower the rates for every one else, I guess they have to fill their black hole somehow and we the investor who is trying to do something for their retirement is suckered again. I know how I will vote…[Read more]

hgwells replied to the topic Who subscribes to API Magazine? in the forum No Subject

Fri, 26 Mar 2004 08:52:18 +0000

I used to buy it, then used to miss out on it because all the copies were gone in a flash. Now I subscribe and everyone I know borrows it from me, it does the rounds at work and a few friends. HG

hgwells replied to the topic Residex Positive Geared Report in the forum No Subject

Wed, 24 Mar 2004 14:38:10 +0000

yes – you still seem to be able to find em over there Mini. [cap] What will happen to this forum when they are all gone? That report had almost 80 areas to find +ve properties in Jun 2003 – now its halved by Mar 2004. By the way the figures are stacking up the report will be non existant by next year and +ve properties will be a thing of the past. HG

hgwells replied to the topic Holiday house for me - THE GUILT in the forum General Property

Sun, 01 Feb 2004 16:39:22 +0000

OK – we bought a holiday house and yes its -ve geared. However we bought it for a couple of reasons, firstly we want to retire to the area (Port Macquarie NSW North Coast) and secondly we had been holidaying there (and paying for it) for over 10 years. Now we didn’t spend 800,000, we bought modestly but the 145,000 purchase has gone to 300,000…[Read more]

hgwells replied to the topic Positive Flow Regional NSW in the forum No Subject

Fri, 09 Jan 2004 06:30:03 +0000

oops – where’s the amend button gone []- I meant its a Uni town – as in the University of New England is there so there’s always a low vacancy rate. HG

hgwells replied to the topic Positive Flow Regional NSW in the forum No Subject

Fri, 09 Jan 2004 06:27:40 +0000

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

hgwells replied to the topic Anyone with experience in Defence Force homes in the forum General Property

Wed, 24 Dec 2003 13:28:55 +0000

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]

hgwells replied to the topic Collie WA in the forum No Subject

Wed, 03 Dec 2003 03:10:49 +0000

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

hgwells replied to the topic Christmas Presents in the forum General Property

Thu, 27 Nov 2003 04:36:57 +0000

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

hgwells replied to the topic Top 10 places in Australia in the forum General Property

Wed, 26 Nov 2003 03:04:55 +0000

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

hgwells replied to the topic Anyone recommend an agent in Rockie in the forum General Property

Fri, 21 Nov 2003 03:17:12 +0000

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

hgwells replied to the topic who plans to buy in the next month ? in the forum General Property

Wed, 19 Nov 2003 08:12:25 +0000

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

hgwells replied to the topic Firesale Bank Valuations? in the forum General Property

Tue, 11 Nov 2003 02:44:55 +0000

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]

hgwells replied to the topic WHAT'S YOUR FAVOURITE QUOTE in the forum Opinionated!

Sat, 08 Nov 2003 06:48:38 +0000

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

hgwells replied to the topic 101 ways to add massive value to your home in the forum General Property

Mon, 03 Nov 2003 14:21:43 +0000

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]