https://www.propertyinvesting.com/members/hutch/activity/ Activity feed for Hutch. Sun, 05 Apr 2026 22:39:30 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e55956eb113d63bd5ce280487e0d6292 https://www.propertyinvesting.com/topic/4398971-stolen-wheelie-bin-who-pays-tenant-or-landlord/#post-4618285 Wed, 03 Mar 2010 00:10:26 +0000 Hi sv,You are not olbliged to, but IMO you as the the landlord should have to pay for this, as it should be considered a chatel or capital item exclusive to your property.This doesnt help you but as a landlord myself, several councils in Melb supply at no charge one per household and approx $60-$80 thereafter, but you do have to sign a stat dec.…[Read more]

]]> 3b53be995e32524391ad7d3d1bd32d75 https://www.propertyinvesting.com/topic/4391239-real-estate-sign-boards/#post-4576267 Wed, 24 Oct 2007 05:10:48 +0000 Hi carol,if its any help. I have purchased several times over the years becuase I drove past a property that had a board on it, that I may have normally missed. Interior pics help too!

]]> 603960232b31e781dc337ce6cfaa671d https://www.propertyinvesting.com/topic/4391242-to-renovate-or-detonate/#post-4576273 Wed, 24 Oct 2007 05:00:29 +0000 Simple.depending on land size and dimensions, my opinion says to demo house, build (and subdivide).I often do it and (without knowing the area) I'm pretty confident you'll make more profit in the long run using this method.  You wont get much (if any) money for the removal of an old house (unless there is specific or rare fix…[Read more]

]]> 26fc1b0c8f1b7d837b1677a7b3643eb7 https://www.propertyinvesting.com/topic/4390554-takning-the-2nd-step/#post-4572697 Wed, 29 Aug 2007 04:59:40 +0000 Hi pirate,no answers?Hmm….Maybe the questions are a bit generic (no approx figures, cash flow / income positions, locations) and with very little information for people to be able to help properly. But I will give it a go!I remember when I bought my small 2nd IP (about 5 yrs ago) I set some personal goals and researched a specific are that I…[Read more]

]]> 51fb3af193395be746c872a40d112793 https://www.propertyinvesting.com/topic/4390406-legal-accounting/#post-4571802 Wed, 29 Aug 2007 02:02:46 +0000 Hi em,I can recommend Slidders Lawyers. They specialise and deal in property, building/construction law. 318 King St.  MelbournePh; 9640 0002Web: http://www.slidders.com.auCheersHutch

]]> d7fe80a4555bed5a977f49771f3c2ccd https://www.propertyinvesting.com/topic/4390609-urgent-need-a-really-good-lawyer-in-melbourne/#post-4572964 Wed, 29 Aug 2007 01:48:41 +0000 Hi Orien,I can recommend Slidders Lawyers. They specialise and deal in property, building/construction law. 318 King St.  MelbournePh; 9640 0002Web: http://www.slidders.com.auCheersHutch

]]> 32f9bb7b9cea7eabf0b49f94470a718f https://www.propertyinvesting.com/topic/4390610-urgent-need-a-really-good-lawyer-in-melbourne-2/#post-4572967 Wed, 29 Aug 2007 01:48:06 +0000 Hi Orien,I can recommend Slidders Lawyers. They specialise and deal in property, building/construction law. 318 King St.  MelbournePh; 9640 0002Web: http://www.slidders.com.auCheersHutch

]]> 97116cfc085f8925606b125913712862 https://www.propertyinvesting.com/topic/4390601-melbourne-need-good-property-accountant/#post-4572904 Tue, 28 Aug 2007 07:12:51 +0000 hi PandaMJ Unwin & Associates in Kew can help in these areas. PH: 9854 6317EM: mark@mjua.com.auCheersHutch

]]> cee56bfaba386f9d79d477101c88041b https://www.propertyinvesting.com/topic/4390589-settled-friday-rubbish-under-house/#post-4572853 Mon, 27 Aug 2007 03:36:11 +0000 Unfortunately the full responsibility is on you Winzer to inspect these areas and not take anyone's "word for it". Having said that, for peace of mind, I would definitely contact the Principal in charge at the RE office and voice your disapproval at being verbally mislead.  

]]> 764a3a62beb4971b6ec4fdba2b9bac70 https://www.propertyinvesting.com/topic/4390598-copy-of-section32-is-lost/#post-4572893 Mon, 27 Aug 2007 03:28:21 +0000 Why cant you get in contact with the original vendor and/or solicitor and explain the situation to them?You would be unlucky if their lawyers went broke and closed up shop as well.

]]> ceaa0fdc720717a052cbd6800faeb38c https://www.propertyinvesting.com/topic/4390564-does-a-spa-add-value/#post-4572736 Fri, 24 Aug 2007 02:33:13 +0000 Agreed, it will definitely add value in this circumstance over and above your small outlay. Don't forget child fencing costs and permits (if applicable) in your area!cheersHutch

]]> 6fa1430b528ec1b4b9598c5ca7874277 https://www.propertyinvesting.com/topic/4390514-taking-agent-to-court/#post-4572466 Tue, 21 Aug 2007 04:55:31 +0000 Hi crashydo you have any hard evidence of all these points of misconduct (written, photographic or video etc.)?If not, they will see it as your word against theirs and you don't have a case. A civil administrative tribunal avenue may be the best option as they will hear your case (state REI or VCAT etc..) for little, or no cost.

]]> 1b98c2fc28131059310b7cd162cbc175 https://www.propertyinvesting.com/topic/4390530-sell-or-hold-6/#post-4572563 Tue, 21 Aug 2007 03:19:20 +0000 Why not keep them and draw down against the large equity you have in these 2 IPs?Me…I would not sell these at all in the near future unless you feel that you absolutely, positively cannot get by.CheersHutch

]]> 69e0e3d5e6ca9f87b89b3b55c362e562 https://www.propertyinvesting.com/topic/4390508-wanting-vendor-finance-rental-in-werribee-area/#post-4572395 Fri, 17 Aug 2007 05:05:27 +0000 hi lazzaI may be able to help too. PM me and I will reply back.

]]> 5aafe54a366396cc0bfc5f3c44d43db2 https://www.propertyinvesting.com/topic/4390499-gst-5/#post-4572359 Thu, 16 Aug 2007 10:26:10 +0000 I assume you mean company name. But yes you claim the 10% GST as you go,  via your quarterly BAS's when building.Don't forget you will need to pay GST in the last BAS after or when you sell.CheersHutch

]]> 154e098fac8ab21bdabe3db48a57f572 https://www.propertyinvesting.com/topic/4390498-stockmarket-crashing-money-flows-to-property/#post-4572337 Thu, 16 Aug 2007 05:52:06 +0000 I'm confused too wealth4life………Ramblings.Take a breath. What is your point exactly? That you are an expert with battle-scars and we are all too young and dumb to understand? This whole forum is full of opinions that are not facts, just opinions.  We all have been watching the negative media and doom and gloom on the news and I don't buy into…[Read more]

]]> 7ff2dad90dd1bdd1806f6bfc2840a681 https://www.propertyinvesting.com/topic/4390498-stockmarket-crashing-money-flows-to-property/#post-4572332 Thu, 16 Aug 2007 04:02:24 +0000 hi crashy great timing because my American friend (living here now) and I were arguing about this over a beer yesterday! He says that in the states, there is no direct correlation between the two and that there shouldn’t be in Australia either.  I disagreed with him about this (for the Oz market at least). I was bought up on the old adage that “[Read more]

]]> 100178d086a2d9e95e2652091aa0962f https://www.propertyinvesting.com/topic/4390452-gct/#post-4572024 Thu, 16 Aug 2007 03:46:02 +0000 Yes barney if any profit is made on any sale, it would be subject to the CGT scale. Percentage payable will depend on if its through a trust or just your name.H

]]> 1b5e5b00593548d0f05a664ba8e111e7 https://www.propertyinvesting.com/topic/4390488-opinion-on-tenant-renewal/#post-4572300 Thu, 16 Aug 2007 03:40:35 +0000 Here Here beaniemonster!"It is not my place as a landlord to listen to stories of why the rent can't / isn't being paid.  I'm sure someone out there will not agree with this hard approach, but business is business."Don't put up with it. I'm also sick of hearing a new "Once upon a Time" story from some of my tenants, in a different marketplace it m…[Read more]

]]> 7bd5302a3a14db8a31f6a81df2e9323b https://www.propertyinvesting.com/topic/4390459-is-the-r-e-s-u-l-t-s-program-really-worth-it/#post-4572081 Thu, 16 Aug 2007 03:23:27 +0000 gee reeco,No one is holding a gun to your head to do the program. I thought you said that you definitely put things in perspective?Education across the board can cost alot more than this and I agree it is all relative to how you use it (no quitters or whingers need apply!). Have you forgotten that's it is a min 12 month program?? My theory was…[Read more]

]]> f37946e19ebed4659ebe37312c8727bf https://www.propertyinvesting.com/topic/4390483-confused-principal-and-interest-or-interest-only-loan-whats-the-best-for-ip/#post-4572283 Wed, 15 Aug 2007 11:27:44 +0000 hi swifteagle for what's its worth.I use IO for all my developments and IPs for the exact reasons stated above ("to buy multiple properties do so with IO loans to maximise cashflow and tax deductions…etc")PS: My PPR doesnt have much remaining on it, but it is the only property I have that is P&I.H

]]> fc131f83d6b1558a03ef6068fe80e227 https://www.propertyinvesting.com/topic/4390466-jenman-on-rent-to-buy-schemes/#post-4572171 Tue, 14 Aug 2007 02:49:41 +0000 Great to hear some positive stories on that issue Xenia. I know Steve doesn't really do or talk about Wraps/VFs anymore, which is fine. I think Jenman believes he serves a huge purpose as a savior to the broader (ACA watching) Australian community (Mum & Dad investors?). But to compare Steve (an educator who has the highest of morals and humility)…[Read more]

]]> fafc13195c57c772d88ce705cf86d116 https://www.propertyinvesting.com/topic/4390454-11-second-rule-15/#post-4572043 Mon, 13 Aug 2007 06:12:35 +0000 Hi eternit By many of Steve's own admissions both publicly and here. That rule (circa 2003/04) from the 1st book, is just about obsolete in the current Oz market. Cheers.Hutch

]]> d41f91d67a991f1a99b48345edce251b https://www.propertyinvesting.com/topic/4390466-jenman-on-rent-to-buy-schemes/#post-4572169 Mon, 13 Aug 2007 06:07:01 +0000 Wow,I see Neil Jenman is placing Henry Kaye and Steve McKnight in the same basket!I know he is trying to warn people (which I'm all for) of potential property scams. But is there is no limit to what Neil is allowed to write without any responsibility attached?Fair go.

]]> 3aa85eb43b43a2d0fab0c002a4fe9733 https://www.propertyinvesting.com/topic/4390431-what-would-u-do/#post-4571908 Fri, 10 Aug 2007 03:41:20 +0000 hi johann,If it were me I would use the surplus cash for your next IP, depending on your serviceability (wages, expenses, cashflow etc..)From the small amount of information it appears you are in a healthier position than most in your age group. (PS: Any reason why you can't develop/subdivide your West suburban 620sqm block?)Hutch

]]> ffacd320d86cade4b43f46661d9a7d6b https://www.propertyinvesting.com/topic/4390314-development-loans/#post-4571223 Fri, 10 Aug 2007 03:26:25 +0000 barney Yes I pay GST during the development (builders etc..) and collect GST on the sales at the other end (through the trust).cheershutch

]]> 02c7c7119a94cb2130ce6a94a32cb2e4 https://www.propertyinvesting.com/topic/4390116-why-is-western-melbourne-so-bad/page/2/#post-4570250 Thu, 09 Aug 2007 06:23:45 +0000 wow Blogs!calm down, did you see (or forget) the orginal question that was asked?

]]> 7c5c10dc2fdd16a4d6718ddc7e2d813d https://www.propertyinvesting.com/topic/4390116-why-is-western-melbourne-so-bad/page/2/#post-4570248 Thu, 09 Aug 2007 00:53:56 +0000 t4 EVERWhat the?Yes they are great Uni's but dont forget that Victoria Uni (One good Uni) in Footscray Park, Footscray Nicholson, Melton, St Albans, Sunshine, Werribee etc..

]]> 417bd849b5edc1ba80ffb4a9269cb3c8 https://www.propertyinvesting.com/topic/4390422-does-this-graph-exist/#post-4571872 Thu, 09 Aug 2007 00:37:36 +0000 Thanks Foundation,Great link, just reading through it now, very helpful.CheersHutch

]]> 9638cad9800520182df84347399b9a76 https://www.propertyinvesting.com/topic/4390401-altona-altona-north-altona-meadows/#post-4571783 Wed, 08 Aug 2007 06:01:01 +0000 Don't get me wrong. I certainly wasn't advocating or waving the banner for Mancini RE (or any other) to purchase. Just to have a contact of a guy that has been in that market for over 20 years and to get advice on those three markets that were mentioned.I main reason I was recommending contacting him is because I have purchased 4 IPs off them…[Read more]

]]> aeac31ecc2f101ee04e9f183a8cde531 https://www.propertyinvesting.com/topic/4390381-about-to-lose-the-deal/#post-4571679 Tue, 07 Aug 2007 03:30:30 +0000 Ok we've all had a crack now. Fair game.Let's funnel energy somewhere else I say.  What is the progress of crashy's original deal??two smileys also :] :]Hutch

]]> 9e5e45de2b4ce1a6ffac9bb9d74fc2fd https://www.propertyinvesting.com/topic/4390348-partner-resistance-issues/#post-4571475 Tue, 07 Aug 2007 03:21:27 +0000 Too true Moosehead………very funny!(Get Foxtel disconnected until she reads it!)

]]> 7962a578a42842bdb675b7f4d4236fee https://www.propertyinvesting.com/topic/4390401-altona-altona-north-altona-meadows/#post-4571778 Tue, 07 Aug 2007 03:16:37 +0000 Hi SGyou'll find the Altona North median slightly lower than true Altona near the water/township. The Altona median has shot up in the last few years due to a few select properties along the Esplanade getting record $1m+ results and developers looking for large blocks within 10k radius of Melb CBD. Also the average block size in Altona/Altona Nth…[Read more]

]]> 38f66b6484050bba3773ee59f57465f8 https://www.propertyinvesting.com/topic/4390116-why-is-western-melbourne-so-bad/#post-4570244 Tue, 07 Aug 2007 02:07:21 +0000 Jon,Oh Please. Sorry if you disagree. But since you don't know, or live in the area in question. Comments like "sun in your eyes" are mind bogglingly short sighted when property investing, NOT belittling. That was the point I was making.

]]> 51bb29beac9d7fc725cafaa7823f1883 https://www.propertyinvesting.com/topic/4390393-subdivide-and-construct-who-to-turn-to/#post-4571734 Mon, 06 Aug 2007 23:37:59 +0000 First up. Get onto to a draughtsman that does alot of work in the council/shire that the property is located. What area are in you in?

]]> b9980135ec3506096b715513e2fad5d7 https://www.propertyinvesting.com/topic/4390381-about-to-lose-the-deal/#post-4571671 Mon, 06 Aug 2007 04:31:31 +0000 good reply crashy

]]> 496ff0aa329f5a59a058224ee158cb70 https://www.propertyinvesting.com/topic/4390348-partner-resistance-issues/#post-4571473 Mon, 06 Aug 2007 04:05:57 +0000 Hi Boshy This is a great post and a matter close to the hearts of many forumites. A fine line is what we tread, we can only endeavor to educate them on the process and hope they bloody listen. A lot of us receive resistance from partners and/or family members over property investing at the start until…(you guessed it)… we start moving fo…[Read more]

]]> 08ed66219c0909f71c86895b820bca7d https://www.propertyinvesting.com/topic/4390389-how-would-a-student-with-an-education-debt-go-about-property-investing/#post-4571716 Mon, 06 Aug 2007 03:20:26 +0000 Great to hear you thinking starting so early.Having never had a student loan myself, I'm no expert…But… I have been for many Property/Home Loan applications over the years. I would have thought that most institutions/brokers/advisers Would take a HECS debt (with the ATO) into account when assessing your serviceability. I would be interested…[Read more]

]]> 140eb6e66fefce63e69c145e70712430 https://www.propertyinvesting.com/topic/4390226-do-you-opt-for-principal-and-interest-loans-or-interest-only-loans/#post-4570816 Mon, 06 Aug 2007 03:12:47 +0000 All our developments and IPs are IO for most of the reasons posted above.(But I do have P&I on my PPOR, as it was mt first property that I purchased 8 years ago and wasn't interested in IPs at that stage!)

]]> b0de420c4557c1659e4dc28c405359a6 https://www.propertyinvesting.com/topic/4390331-construction-loan-delays/#post-4571316 Thu, 02 Aug 2007 05:15:05 +0000 Surprise!I expected as much from Richard & Cameron. Fair enough protecting their industry. I'm sure you are the "good" ones.Anyway as I said it is only my opinion for my vast experience. Fair or not, I don't apologise for that. Sweeping statements or not. Using your slanted rationale not many people on this forum would be able to post their hon…[Read more]

]]> 45254611e001b463a96f8c4db5c45317 https://www.propertyinvesting.com/topic/4390345-your-wealth-score/#post-4571449 Wed, 01 Aug 2007 05:03:12 +0000 gday SteveSounds Great!Just double checking. We still haven't received that newsletter email yet. CheersHutch

]]> f6fcc8ce5978cf9dc72025d46e8b7ba0 https://www.propertyinvesting.com/topic/4390352-cheapest-way-of-clearing-a-property/#post-4571505 Wed, 01 Aug 2007 02:11:49 +0000 hi egd,having contracted Demolishing companies to remove old WB houses several times (in Melb metro), on similar size blocks, for developments over the years. I can say from my experiences there are several factors that are to be answered that will dramatically affect the price of the final quote.*Does the house have any period features (windows,…[Read more]

]]> 70293c2c3a676c775f695c80ed336323 https://www.propertyinvesting.com/topic/4390347-unapproved-structures/#post-4571459 Tue, 31 Jul 2007 06:46:10 +0000 crashydon't freak.I would suggest that you Not having a case against your solicitor for the moment. They are supposed to be on your side. Contact them straight away and get a copy of the 'search' that they did 6 months ago and calmly explain the situation as that's there job. Get a copy with the exact address that the council sent this "letter"…[Read more]

]]> 413a37a9c90806b0805428d92d805b4f https://www.propertyinvesting.com/topic/4390131-onselling-a-contract-for-profit/#post-4570334 Tue, 31 Jul 2007 06:36:37 +0000 Option Deeds or Option Contracts …..etcThis is in Victoria…in which we definitely have to pay stamps on Options at some stageDifferent states in Australia use different wording for the same doc.I may not have explained myself in words, but I think we are all talking about the same 'end result' method. As I said first up, check with your Le…[Read more]

]]> db65ef69312529ba42a4ef7575d8ccfc https://www.propertyinvesting.com/topic/4390314-development-loans/#post-4571220 Tue, 31 Jul 2007 05:37:47 +0000 hi barneyIf its any help.For all my developments (through my Trust) I have been using EVL (End Value Loans) at 80% with nab, which is readily available if you (and the development) qualify. H

]]> 1ae26121e5428cc849690a983f26db28 https://www.propertyinvesting.com/topic/4390290-accountant-wanted-inner-melbourne/#post-4571069 Tue, 31 Jul 2007 05:28:51 +0000 DiakaMark Unwin in Kew ticks all those boxes and more. At this time of year he may not be taking on new clients but email him on mark@mjua.com.au cheershutch

]]> 6681a727452cf1b30e156d5a4c64f186 https://www.propertyinvesting.com/topic/4390331-construction-loan-delays/#post-4571312 Tue, 31 Jul 2007 03:55:51 +0000 My opinion based on 6 delayed settlements in 7 years is…..Yes this is normal for most Brokers. Don't start me on them. I Wont mention company names or persons. But I have stopped using brokers this year and have gone back to my personal business banker. Ask any settlement clerk (or conveyancer) in the country, what the Number 1 reason for…[Read more]

]]> 7edf6095511199ef54fa54f3170fb1ea https://www.propertyinvesting.com/topic/4390326-real-estate-agents-4/#post-4571299 Tue, 31 Jul 2007 03:35:33 +0000 Hi Tarae,That is alot of commission but certainly NOT unusual (in Vic). Most commission can be negotiated. Ask for full invoice disclosure on the adverts they are placing on your behalf. Good agents are hard to find and don't forget that the is a reason that these commissions are on a percentage basis is to protect both parties from wasting their…[Read more]

]]> 3c4c66b096237fbf32c714f7a8da1218 https://www.propertyinvesting.com/topic/4390317-bulk-purchases/#post-4571252 Tue, 31 Jul 2007 03:13:15 +0000 hi MMMost developers would jump all over you if you were to buy "in Bulk". Do your research on the project first before approaching them so they don't give you "Rack Rates" and then you be assured that thediscounted bulk is in fact just that. They have creative ways of making you think you are getting a genuine discount. You will have a lot more p…[Read more]

]]> d9d9f65d794b6ce0516c956c25ee1816 https://www.propertyinvesting.com/topic/4390298-where-do-you-see-property-investing-in-the-next-ten-years/page/2/#post-4571149 Tue, 31 Jul 2007 03:02:23 +0000 Wow DevoYour question has started a lot of posts in only 6 days. It’s amazing what happens when you bring politics into the equation (God please dont mention religion!). It’s also amazing to read everyone's opinions on the pre/post effects of the Election, 2007 style.  For the short term.IMHO I think there will be 2 small % rises before the Elect…[Read more]

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