https://www.propertyinvesting.com/members/jl/activity/ Activity feed for JL. Sat, 11 Apr 2026 10:52:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c03a73ba287c5d2df704df5756e13528 https://www.propertyinvesting.com/topic/4399780-investing-in-dodgy-areas/#post-4623573 Mon, 10 May 2010 11:28:38 +0000 Fatboy,We do the same thing, buy ex housing commission – or mainly, and sometimes do them up, sometimes not.  We have had a few problems, but that has mainly been our lack of managament of our agents.  Whenever life gets too busy, and we rely completely on agents, things tend to reflect that.  With a young family, and moving interstate for the 6t…[Read more]

]]> 272a12cc4de06192fbb8f3962bce5b9c https://www.propertyinvesting.com/topic/4399618-how-not-to-put-up-a-fence/#post-4622769 Mon, 03 May 2010 09:41:53 +0000 I had a bad today.   Thanks for the laugh, it has cheered me up.JL

]]> 34242df0ec9a4476ed2212ef94edf5ec https://www.propertyinvesting.com/topic/4397101-insurance-broker-required/#post-4608501 Wed, 26 Aug 2009 21:17:29 +0000 Thanks all.  Good one Duckster, they do wine insurance as well.  Sounds like a company I will need in the future (or maybe I will just keep drinking to make this headache go away).JL

]]> 338eda008655d165b6f113a2eeb543a1 https://www.propertyinvesting.com/topic/4397101-insurance-broker-required/#post-4608498 Wed, 26 Aug 2009 08:20:21 +0000 Thanks.  Appreciate your prompt response.  Have a great evening.JL

]]> 96a95b6fa3f1cb64911090d32043f4e6 https://www.propertyinvesting.com/topic/4396140-hi-from-rob/#post-4603402 Sun, 03 May 2009 10:18:15 +0000 They actually do have Australian houses on their sight, all be it only a couple, including a 3 bedroom, 2 bath "Ranch" in Canberra. JL

]]> 6ee9c2dda586c9bf256b2287f81bf848 https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/#post-4602505 Thu, 23 Apr 2009 01:19:06 +0000 Mike,Thankyou for the report.  I had not seen one before so thank you for the education.  I also appreciate the prompt reply.I will pass on your details to friends.Thankyou,JL

]]> 22a43bb3085ef15cfb5ace933bebe740 https://www.propertyinvesting.com/topic/4395196-warning-investors-with-property-in-mining-areas/#post-4598058 Fri, 23 Jan 2009 05:40:01 +0000 With all this mining gloom, does anyone have an opinion on the mine opening by the end of the month 20km outside Ouyen.  Illuka have received the final approvals and began preparation to begin mining before end of Jan.  Personnally, I still think it is good buying. Thanks,JL

]]> 25a784990970e0aa4e74631cd8a7c81d https://www.propertyinvesting.com/topic/4393427-ouyen-a-possible-good-future/#post-4588583 Thu, 22 Jan 2009 05:06:48 +0000 So, it's happening.  Check this link for the media report.http://www.bananasinpyjamas.com/news/stories/2009/01/09/2462242.htmI haven't spoken to my agent yet, but it will be interesting to follow the property now.JL

]]> 4233d0b36525e86731d733a215bf31e6 https://www.propertyinvesting.com/topic/4394771-lesson-learned/#post-4595838 Sat, 22 Nov 2008 13:01:17 +0000 Thanks for all your advice.  The agent did go in and checked that it was locked up, hence knowing the carpet needed cleaning, the yard needs a tidy and the possessions that are left in the house.  The tenant had advised by phone that she would return the key, but every time she says she will, she never shows.  Now she won't answer her phone.  I wo…[Read more]

]]> c94c5a8fd82f5977f5f212ca46a0ad6f https://www.propertyinvesting.com/topic/4394772-who-is-liable-for-the-insurance-claim/#post-4595840 Fri, 21 Nov 2008 10:57:04 +0000 My understanding is that you get the insurance before settlement to cover yourself.  If on the settlement inspection (usually a day before settlement) things are not as they were, then you can delay settlement, until the necessary repairs are completed.  What if that doesn;t happen for two years.  You have a contract, they have your deposit, an…[Read more]

]]> b96414f3874083e75d037daff10afc7a https://www.propertyinvesting.com/topic/4394771-lesson-learned/#post-4595835 Fri, 21 Nov 2008 07:59:27 +0000 C2,Thanks great.  I love your thinking.  At this stage the agent has applied to tribunal, but we have to wait a couple of weeks for the hearing – the joys of having regional properties.  I think we might just get a debt collecting agency to collect the rent arrears once an order has been made.  Even if we have to forfeit 50%, we are still bett…[Read more]

]]> 65f30575ba4f21f7b90ffbbfc93de188 https://www.propertyinvesting.com/topic/4394771-lesson-learned/#post-4595833 Fri, 21 Nov 2008 04:21:18 +0000 The agent does have a spare and went round the other day.  She said they still some limited furniture in the place and photos of the kids, but no sign of anyone living there.  The agent spoke with one of the tenants last Friday when she was moving out.  They said they would hand the keys back Monday.  (I think I have a nieve REA) What's the dea…[Read more]

]]> 5386d4124c1495e169d33522b2cdc8c6 https://www.propertyinvesting.com/topic/4393427-ouyen-a-possible-good-future/#post-4588581 Wed, 15 Oct 2008 02:26:26 +0000 benmelbs,Have you bought in Ouyen.  I notice that a set of 5 x 1units have come on the market for 180-220k.  If you could hold until the mine opens, it could be a very profitable purchase?JL

]]> 17d6112277b2c75698b9e8a43946f3f2 https://www.propertyinvesting.com/topic/4394159-cash-flow-2/#post-4592564 Thu, 04 Sep 2008 07:19:30 +0000 Who did you get the 'info' from?  Did they give you detailed figures.  JL

]]> 2126b9a5c41606fce7cb547a6caf712e https://www.propertyinvesting.com/topic/4393427-ouyen-a-possible-good-future/#post-4588579 Thu, 04 Sep 2008 06:36:05 +0000 I know I am a bit late.  I got onto this Illuka thing late last year and went up to Ouyen for an Auction.  The town is nice.  I spoke with many, including the girls at the bank, the bakery, the supermarket and even high jacked the unemployed single mother walking the streets etc.  I could not find a person who did not like living their.  So I went…[Read more]

]]> d482cac191908b99f61d60e5d3ed8571 https://www.propertyinvesting.com/topic/4393929-a-lesson-in-tennants-and-property-managers/#post-4591380 Fri, 15 Aug 2008 04:20:49 +0000 For the first time ever we have had more than one applicant for a property we have that is vacant.  We did our own advertising and initial vetting.  Narrowed it too four.  Then passed to the agent.  Three applied and we had to choose.   We live 4000k from this property.  I respect our agent, but understand they don't only work for us.  They hav…[Read more]

]]> 7231195ea1f1e07137a8791957ff9538 https://www.propertyinvesting.com/topic/4393865-best-free-info-ever-from-residex/#post-4591063 Wed, 30 Jul 2008 10:46:50 +0000 So just out of interest, we have had a property on the market for over 100 days.  We listed it at 229k.  The highest offer was 215k and we thought about it for a couple of hours and in the mean time the offer was withdrawn.  The next highest offer was 195k.  This website said the property was worth within 2k of what we advertised.  JL

]]> fe184b4ecbe10495f85cc3d0620200f3 https://www.propertyinvesting.com/topic/4393838-where-can-i-advertise-for-private-sale/#post-4590954 Sun, 27 Jul 2008 09:18:11 +0000 Have you tried gumtree.com.au (I think thats it – but type gumtree and your cappital city and it should come up).  It is free and seems to have heaps of traffic.JL

]]> 401b7a319d583ce24e9cb3d1b6c640ec https://www.propertyinvesting.com/topic/4393789-an-idea-to-help-make-homes-more-affordable-for-home-owners/#post-4590684 Sat, 19 Jul 2008 21:43:15 +0000 Say you live in country australia and your first home will cost you $80k.  Your income may only be 30k.    You only pay $2400 tax anyway, and with some normal work deductions this means that you may only get back $2k per year of the interest you pay.  It may take you 5 years to gain the same benefit as it does with the current system, all the whil…[Read more]

]]> b296950846cb922a4d66d6ecdabd6d41 https://www.propertyinvesting.com/topic/4393789-an-idea-to-help-make-homes-more-affordable-for-home-owners/#post-4590682 Sat, 19 Jul 2008 10:46:19 +0000 Sounds to me like your idea will give the rich a much better deal, and those on low incomes a much worst deal than they already have.  I'll think I'll get rich, buy the most expensive house I can with the biggest mortgage I can and claim the deduction (at the highest tax bracket of course).  And instead of moving I'll just borrow more to extend an…[Read more]

]]> 7a33a5a9ffdfae6cc21480ef5f7fd255 https://www.propertyinvesting.com/topic/4393777-can-i-become-wealthy-in-depth-detail-of-my-current-situation-and-where-im-heading/#post-4590511 Thu, 17 Jul 2008 21:27:13 +0000 I agree with Terry on this one.  I went ot Uni straight of school and wasted 3 years.  I am now "more mature" and studyng through distance education (I'm in 3rd year).  It has been the best thing.  This gives me so much flexibility.  It really can be done quiet easily if you want too.  Imagine where you could be in 6 years from now if work tha…[Read more]

]]> a8d8ec12f7b8dc209d4824eb8ac6cb33 https://www.propertyinvesting.com/topic/4393491-structural-damage-worth-investing-in-or-not/#post-4588945 Wed, 16 Jul 2008 23:32:25 +0000 Beenseeker,I would stay away if I was you.  I bought a place that needed carpet, curtains, A/C and other cosmetics from interstate and it took me more time on the phone than it would have had, had I gone to the location and orgainised it.  It also cost a lot more.  Have you looked at some places close to Capital cities.  Werribee in Melbourne has…[Read more]

]]> d07a67d1b779a69571130655fa5ace65 https://www.propertyinvesting.com/topic/4393764-good-suburbs-in-bribane/#post-4590451 Wed, 16 Jul 2008 11:09:11 +0000 A property researcher I came across was spruiking Beaudesert as the next boom area.  I haven't looked into it myself, but might be worth researching yourself.  I do not know the person who told me, so I do not know what criteria they have used to come to this conclusion.  Just thought I'd pass it on too someone who could find it useful.JL

]]> fd8044705392da5b07c46de8c7d46c17 https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/5/#post-4579712 Sat, 12 Jul 2008 21:10:16 +0000 For info,Yesterdays headlines in Townsville – Uranium dig – Mining giant takes new look at yellow cake deposit.  Essentially a Canadian company are exploring the possibility of a new mine just 50k from the centre of Townsville.  The paper indicates it is a done deal at some stage, but the mining company are exploring it's possibilities, u…[Read more]

]]> fe2d810192996b3eaa058e335b93abf6 https://www.propertyinvesting.com/topic/4393631-article-in-api-on-mildura/#post-4589728 Sun, 06 Jul 2008 21:42:09 +0000 Elka,The article was quoting Margret Lomas stating that Mildura was dependable.  A warm spot not a hot spot.  Reliable with returns and growth.  "It has a strong diverse economy with affordable real estate, a busy council and business community – and is the proposed site of the world's biggest solar power station".  It goes through the usual sta…[Read more]

]]> 0738b818ea772a5c5e6a3b0b74849630 https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579696 Thu, 26 Jun 2008 21:37:56 +0000 Thanks Mick,JL

]]> 1c04e18d86b499867fc794e69aea3f1f https://www.propertyinvesting.com/topic/4390908-advice-on-townsville-region/#post-4574666 Fri, 20 Jun 2008 00:32:14 +0000 WJ Hooker,Remember Townsville is in a Tsunami warning area too.  Some parts of Kirwan are included in the evacuation area, mostly the old parts, so maybe your place.  When you go there again, make sure you go have a look at the development opposite the Willow's.  They have put in lagoons, in all over 3 olympic pools worth, and it is free to go tak…[Read more]

]]> bce09d15b9b4d74dafcebfa28df9b36c https://www.propertyinvesting.com/topic/4390908-advice-on-townsville-region/#post-4574664 Thu, 19 Jun 2008 12:11:15 +0000 WJ Hooker,A lot will have changed since you last lived in Townsville.  A lot of new development in Kirwan (on the flood plains) and outer suburbs, including Kelso.  All the new homes have great airconditioning, that are relatively cheap to run during the wet.  The whole of the hospital is now airconditioned.  For those that aren't aware, the old…[Read more]

]]> fc12dd3a89499d543ebd6dbca58c4ee1 https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579693 Thu, 19 Jun 2008 02:08:05 +0000 Mick,Where?JL

]]> 58f804f77e96166ef184abd1b2c89f2c https://www.propertyinvesting.com/topic/4390908-advice-on-townsville-region/#post-4574661 Wed, 18 Jun 2008 12:01:34 +0000 Mark,Have you bought yet? Where did you buy?JL

]]> 4a9967ab9006354772f297c3004b95c1 https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579689 Wed, 18 Jun 2008 10:10:08 +0000 Deadalus, I know this is not for everyone, but hopefully I will look back on this post at the end of next year and say yep, you could have bought for $70k and now they are worth $250k with $400p/w rent as with some other mining towns.  (I'll stop dreaming now).Kind regards,JL

]]> e397e83644d4854c00e637b3e499384f https://www.propertyinvesting.com/topic/4392630-other-ways-to-invest/#post-4584202 Tue, 17 Jun 2008 12:38:08 +0000 I'd like to earn $15k a month for a $50k investment.  Where do i sign up?  I assume you mean $1500p/m.Please explain what a covered call is for all of those that are ignorant – like myself? How does it work?Thanks,JL

]]> 62a72c29d509e7bd8326c89c6ceb1a74 https://www.propertyinvesting.com/topic/4384147-investment-property-for-defence-housing-australia/page/2/#post-4540451 Tue, 17 Jun 2008 12:16:20 +0000 Vikaris,See, there seems to be little risk.  Have you had any of your investments trashed.  I have.  Six months to fix and $49k of work.  Obviously I was not out of pocket this much as I am not a large risk taker, but it is frustrating when a tenant does this, especially after being in the place a couple of weeks – he could of waited 6 months to…[Read more]

]]> 4e827d4b022663dbb2e7bc9de27d69e9 https://www.propertyinvesting.com/topic/4384147-investment-property-for-defence-housing-australia/#post-4540450 Tue, 17 Jun 2008 12:04:36 +0000 god_of_money,In no way am I suggesting that you purchase one of these to put yourself at risk of repossession.  What I am merely saying is that if you are wealthy enough to sustain this kind of investment – which I personnally am not – then maybe putting something more into the system than just providing affordable housing (as we do as l…[Read more]

]]> 5028daf78a1c66193b77e3db6b7d9be0 https://www.propertyinvesting.com/topic/4384147-investment-property-for-defence-housing-australia/#post-4540447 Tue, 17 Jun 2008 09:53:18 +0000 I have friends that rent from DHA and they are VERY grateful to those that do invest.  I see that defence families have a hard enough time without having the burden of providing their family with housing everytime they are relocated. If private investors don't get on the band wagon, then Government will have to increase stock or the system may be…[Read more]

]]> 7b8283d1d31f2e6dc1190cd8cad334a7 https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/4/#post-4579687 Tue, 17 Jun 2008 09:42:22 +0000 If you are after mining towns why not try south from QLD and check this out.  Iluka mining has requested expressions of interest for positions at the new mine intended to open in Northern Vic late 2008.  The two towns closest still have property at around $70k.  Maybe a bargain to be had?http://www.iluka.com/?page=mbsexpressionsKind regards,JL

]]> 031cc256a31dce668eb1f297e9ce43bb https://www.propertyinvesting.com/topic/4391604-why-is-housing-not-affordable/page/2/#post-4578283 Sun, 15 Jun 2008 12:15:16 +0000 Mick,Prices have not jumped much.  I settled in Jan and it is now worth around $70k.  At this stage I am getting a good return and only had a few days vacancy after settlement, so I have done alright after 6 months in these conditions.  I have spent around 6k on A/C's, blinds and a few other things.  The mine is not due to open until late 08, so a…[Read more]

]]> e89c091b19eb76a04caa49311bb1c74e https://www.propertyinvesting.com/topic/4393267-australian-property-investor-magazine-24-month-subsciption/#post-4587692 Wed, 21 May 2008 09:58:15 +0000 Tony,Just out of interest, I assume you received the $500 gift voucher as a gift or prize.  Is it transferable.  If so I'll give you $50 for it (the whole $500 worth). This is then a win/win.  You get $50 for nothing and I get my subscription for $50.JL

]]> a4c50b51ce76cf361abe27c7ec959e7b https://www.propertyinvesting.com/topic/4393267-australian-property-investor-magazine-24-month-subsciption/#post-4587686 Tue, 20 May 2008 07:55:17 +0000 Blogs,Thanks for saying what I was thinking. This requires too much trust for  me for a possible $14 saving. Not worth the risk???  Isn't it funny how this rule applies to everything in life??JL

]]> d6cfc278aa2c2169268429e6dc74cf7d https://www.propertyinvesting.com/topic/4392936-purchasing-a-tenanted-investment-property/#post-4585819 Thu, 24 Apr 2008 03:21:00 +0000 Michael,Please don;t be put off by this.  I am in the process of listing a place that has an above market rent – only by around$20 a week – the tenant is fantastic and has been their 3 years and wants to stay on.  We are selling because we made mistakes with our finance and this is impeding our ability to move forward at the pace we would l…[Read more]

]]> e0df2eb5c01ed87d8f3df802021ba079 https://www.propertyinvesting.com/topic/4392551-pm-signed-up-at-tenant-at-incorrect-rent/page/2/#post-4583857 Mon, 21 Apr 2008 02:50:43 +0000 Just thoguht I'd give everyone an update.  Got a call from the agent this morning who stated they would not be looking after properties in that location anymore, so I have 14 days to sort out the management.  They say it is because they cannot perform the services requested by the landlords?? Sometimes I wonder if it would be easier to do it m…[Read more]

]]> 395384d57f458555c1c57d8b1ef88e16 https://www.propertyinvesting.com/topic/4392932-swimming-pool-2/#post-4585795 Sat, 19 Apr 2008 13:14:13 +0000 Zig,I owned one with a fairly new pool for about 5 years until last year.  We had 3 different tenants in that time and for 2 we had a pool guy come in once a month and a pool lesson for the tenant when they first moved in.  We paid for this but we built it in the cost of rental.  We also only paid for the maintenance – not the chemi…[Read more]

]]> f3f6466b5244c4c765341a437256b301 https://www.propertyinvesting.com/topic/4392685-confused-with-settlement-need-help/#post-4584514 Thu, 20 Mar 2008 07:31:24 +0000 Tammy,Does that mean if you have a 12 month settlement, you pay stamp duty 9 months prior to settlement? If this is the case and you don't settle, can you get a refund.JL

]]> bc8632ff94fd9ef54897a6af8882b0fd https://www.propertyinvesting.com/topic/4392551-pm-signed-up-at-tenant-at-incorrect-rent/#post-4583855 Thu, 20 Mar 2008 02:35:57 +0000 World Changer,Thanks for your comments.  An update.  The agent has served the notice to vacate to the tenant.  The tenant had actually paid rent, the PM had just inputted it incorrectly in the computer.  So rent is up to date.  I have a very understanding tenant who is loyal to the PM company, therefore, I have renegotiated the terms between myse…[Read more]

]]> 88ecb57932a7b92e0dadea6350b24102 https://www.propertyinvesting.com/topic/4392454-do-i-still-need-to-offer-a-deposit/#post-4583450 Mon, 17 Mar 2008 01:53:26 +0000 Congratualtions Aimmee!JL

]]> 44a9b7d73e34dab6cf3a7a31c807568c https://www.propertyinvesting.com/topic/4392577-refunding-of-lmi/page/2/#post-4583996 Mon, 10 Mar 2008 11:54:16 +0000 Trakka, Linar,I agree with what your saying, and think  that it is a great wealth creation tool.  Imagine life without anything less than 20% down.  But from a business point of veiw, I doubt that many people would be turned off by not getting a refund (as you said, nice bonus).  I wonder if this practise will continue as times get tougher and…[Read more]

]]> edc07b0415adf194bb391020002220a3 https://www.propertyinvesting.com/topic/4390750-bank-foreclosing-on-property-we-have-been-asked-if-we-would-like-to-buy/#post-4573967 Sun, 09 Mar 2008 12:27:36 +0000 Lisa,Nice place, well done.JL

]]> fd4d3bf1ffe78f5e3d90e0e3c0bd418b https://www.propertyinvesting.com/topic/4392577-refunding-of-lmi/#post-4583989 Sun, 09 Mar 2008 00:37:58 +0000 Trakka,If you did not get the refund, would you still invest the way you do with minimal deposits paying LMI?JL

]]> 3385fdfc9f33a3b4b6489fad8f383f6c https://www.propertyinvesting.com/topic/4392551-pm-signed-up-at-tenant-at-incorrect-rent/#post-4583849 Sat, 08 Mar 2008 22:36:03 +0000 Trakka, I thank you for your feedback.  This is what I am wanting because I am obviously emotionally involved in the money side of things.  All that you say makes sense, and I guess now I will wait until they call on Tuesday armed with some new thoughts.  I did tell the girl who rang me yesterday that I do not blame her for what has occurred, I ju…[Read more]

]]> 88d02109040627df3d750d40be4d3985 https://www.propertyinvesting.com/topic/4392577-refunding-of-lmi/#post-4583987 Sat, 08 Mar 2008 21:50:17 +0000 Trakka,What I'm getting at is why the company's would give you a refund at all.  I understand the agruement from a consumer point of veiw, but because the market is so limited, competition is not really a factor.  Buisiness will occur anyway, if you give refunds or not.  So why would they offer  refunds, or portional ones.Is it  more of a good…[Read more]

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