[jenni_nextplace.com.auMember@jenni_nextplace.com.auJoin Date: 2013Post Count: 36]

July 2, 2013 - 12:54 am

Mining areas do fluctuate a lot. Generally the properties rental market value is much much higher than in the rest of Australia. 

Look at the future volatility of the area and the mining company. If mining production is slowing and the tenants are great tenants and you are still receiving a great return and can secure them on a long lease could be worth looking at. 

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June 29, 2013 - 12:15 pm

In QLD they have to patch and paint wall. Most PM's don't let the tenant get away with this one. 

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June 25, 2013 - 5:06 am

Its not a scam but it can be very risky, check out the governments money smart website. My understanding the risks are

1/ You pay well above market rent which goes towards a deposit for the home.

2/ If you default you can loose your deposit

3/ If at the end of the rental term you can't get a loan to buy the house, again you can loose your deposit. 

4/ Money you pay towards the deposit doesn't get put into a trust account, so there is risk of not being able to recover the money

5/ what happens if the owner defaults on the loan

6/ You don't own the house while renting, and are bound by the tenancy laws.

7/ Contracts can be complex and you need a good solicitor

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June 17, 2013 - 1:02 pm

The Gold Coast has a lot going for it, and there are always tenants looking for properties to rent. Any area has its positives and negatives, even if there is an oversupply of units for sale, if you pick the right unit to invest in you will never be without a tenant.

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June 15, 2013 - 9:45 am

With your landlord insurance look into ones that are specific to landlord insurance, rather than a general insurer who insures for all other things. You need an insurer who knows   and understands IP. A couple I know of are Terri Scheer and EBM they seem to be the ones most real estates deal with.

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June 15, 2013 - 9:39 am

I agree with Freckle, get some pics of what is going on and ask for a 2 other quotes, get one from a licensed builder. Were the quotes in writing?

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June 11, 2013 - 1:04 pm

Jamie is right logan area does have a bad stigma, an this is what will keep the prices down, there are also as I understand it traffic issues. Personally I think there will probably be better options out there for you. 

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June 11, 2013 - 1:00 pm

Always provide an offer on a contract. Ask the agent to get them to counter offer. This is done by crossing out the offer on the contract you made and they will write in a new figure.  Confirms they have seen the offer. 

An agent is legally bound though to give the seller any offers unless instructed not to do so. 

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June 11, 2013 - 12:55 pm

Landfills are being moved all the time. When I had to take some rubbish to the tip in Port Macquarie house were literally just outside the front gate of the tip and they were large nice and relatively new houses. Why would they build there? I recon they are banking on the tip being moved further out of town. 

So maybe look into town planning and see what the future of the tip is.

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June 11, 2013 - 12:50 pm

I see prices dropping still, but the number of sales has picked up.

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June 11, 2013 - 12:48 pm

Na, not sure why would when the agent works for free unless they sell your property, why pay for them when you don't have to. 

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June 7, 2013 - 4:23 am

Only way to know is to interview them and to interview one of their clients. To me your putting lots of trust in someone you don't know, If you feel you need one then thats probably ok but I would learn my stuff first then use them as support and backup, and not the primary direction

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June 5, 2013 - 12:11 am

Hi

Found this property for sale, price $265k rents for $400. Not bad, but I wonder if thats the rent for both the house and the granny flat

House and Granny flat $265,000

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June 5, 2013 - 12:08 am

Not sure but there are some great buys around at the moment. 

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June 3, 2013 - 11:34 pm

There is quite a bit of difference in your budget there PDimi, you could possibly look to maybe buy 2. Trust your own research, and were you thinking of any particular area of interest to you? Do you want a property close to home or in a different state? Did you want a house or unit? Did you want the high risk of the mining towns or did you want the security of inner city? You need to consider all this in your investment planning its something a buyers agent can't help you with. There are opportunites in every city every town in every state in this country. If your more specific with your question, can chuck a few areas in which you can look into. 

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June 3, 2013 - 11:21 pm

Yeah its a bit rude. The agent should have enough tradies on their books for them all to give free quotes. The tradie is a bit silly also, he should be thinking if I stay on the good side of the agent then I could get more work..