If it’s just a regular house, my preferred insurer in aami

There is also an element of which ones you have to choose from for that particular property. Depending on the property type and location, some insurers might not touch it. You also need to work out what your biggest risks are. Eg if flooding is a major tisk, you wouldn’t opt for an insurer that won’t cover flooding

Keep in mind that tradies have rather physical jobs, which takes a toll on the body.  As such they will have to retire from the profession far earlier than someone with desk job.  With that in mind, it makes sense that they need to charge accordingly.Personally, electricity scares the bejeezus out of me and I do not want to be hiring a sparky t…[Read more]

Nice one, fWord!  What suburb are you in at the moment, and what suburb will you be considered to be a part of when they shift the boundaries?

The bottom line is, don't subscribe to their excuses.  They owe you money and they must pay it immediately one way or the other.

Yep Mike is right.  The buyer name on the contract of sale needs to be either:- The bare trust nameor- Yours or another name "AND/OR NOMINEE" (eg Bob Smith and/or nominee)If you didn't sign the contract under one of these two names then your smsf is not going to be the buyer.  You might have to have a conversation with your solicitor about the imp…[Read more]

Nice one   Glad it worked out for you finally !I have a zero tolerance policy on matters involving the PM paying me money I am owed.  It ain't that hard.  If they have a computer problem they can give you petty cash or send a staffmember for a walk to the bank to deposit a cheque into your account. 

Yes people it is all doom and gloom.  If you own property and you hang onto it you will implode.  You really should get out while you can.  Sell me your houses for 20cents.  I shall then rent them to people who require accommodation (since nobody will own their own home they will have to rent) for whatever price I fancy.  Mwahahahhahhah.

In a nutshell there is less effort involved for the agent if the place is offered cheaper, as it will likely rent faster. Don’t blindly drop the rent without confirming by your own research that it is necessary. If there is a lot of stock but yours is say the second cheapest already anyway, you’d think you’d have plenty of interest as it is

So your agent says there is plenty to rent in the area… Have you researched this claim? How much stock is there advertised for rent on the realestate websites? Why not ring a few other agencies and ask their view on demand. Tell them you are an investor considering byying into the area

Sent you a PM

Solid informative post Kristin, thanks for sharing

A few things to note:The number of dollars left over after costs is going to depend on what size loan you took out.  ie a 95% loan will be a different result to an 80% loan.Be careful of just going after cash flow positive without consideration for the other factors.  For instance, one town might offer cash flow positive investments, but could b…[Read more]

Are they actually wood?  They look like a veneer.  I am unsure if you able to paint over veneer.  If you can then I'd imagine it'd be a matter of using an undercoat specific for the purpose (Zinzer brand has several different kinds for different purposes) and then paint over the top.  Print out the photo and pop into your local paint shop and ask…[Read more]

The rear pages of Australian Property Investor Magazine offers statistics.  One such section is vacancy rates. Don't just limit yourself to Melbourne…. the vacancy rates in locations such as Ballarat, Bendigo and Geelong (and the fringe suburbs of these centres) are nice and low.

I have also seen writeups suggesting the revenue offices are considering:- Aggregating land holdings nationally and taxing them accordingly (in other words, dodging land tax by having a property in each state would no longer work- Aggregating land holdings regardless of entity they are held in (so for exampe if you hold one property in your own…[Read more]

nice one Simple

There shall be a global bonfire at which all money on the planet shall be burned.  Yee-hah, let's break out the marshmallows and make a good show of it.  All houses shall be demolished so we'll need to live in tents which is good as we'll be in the zone for camping after the toasted marshmallows. 

Can you tell us a bit about the property?  ie Which suburb & state is it located in?  Is it near public transport?  Near schools?  Near uni?  Near hospital?  What type of dwelling is it?  eg a 3bedroom house?  What is the approximate age of the building?  Size of land?  Size of backyard?

Oh wow…. had no idea about that little nugget.  Thanks for sharing Terry!