Thanks guys. Yep- and 3 X 2.5 means an extra toilet- gotcha (Since when is a toilet an actual half a bathroom?)

kay henry

Allan,

If I read you correctly, you are saying you would make up a contract to be able to access a property 24 hours a day. This contract could (and likely would) be challenged (and you would lose) as it contravenes the Residential Tenancies Act. The following infor might be useful to you:

Can the property manager, any of the agencies staff or…[Read more]

Wayne, what does 3X2 mean? I’ve seen 3X1 etc in different states. It’s not a term we use in nsw.

kay henry

hehe- swaying buildings… the IP, my friend, is blowing in the wind..

Seriously, I reckon people should wait a few years – instead of buying off the plan- to find out what kinds of problems exist- such as the swaying building scenario! If you buy a few after the place is built, the problems are identified and should have been fixed, and you…[Read more]

wayne :o)

I don’t know if it’s a house or an apartment that you have… but you could probably save yourself that 2k if you made the Body Corporate do some stuff (if an apartment). BC’s can ensure cable TV satellites can be put in, water systems can be made, the outside of units can be painted, gardens planted in common areas etc. It may not be…[Read more]

HousesOnly,

The immigration stuff might be hogwash (seriously, thogh- 40,000-50,000 people move to sydney each year), but it is also skewed towards different locations. I guess the trick is in finding an area where there is large amounts of internal or external migration, and that is not oversupplied- is there such a garden of eden in the IP…[Read more]

mondim.

IR’s rise and fall, and CG comes and goes- probably the only two “constants” in the RE game However… if you are heavily in debt, yeah, an IR rise is certainly going to impact upon your repayments. I personally don’t believe that IR rises should be borne purely by the tenant. Sometimes, we just need to cop it on the chin.

In terms of…[Read more]

Wayne,

It depends on the market rental that similar properties are getting. For example, I think it weas in Indooroopilly, or some suburb in Qld. Nice suburb, has had huge CG, but rent drops have also been the largest for the state (this according to API mag).

The market rental thing… to be fair, if you’re going to send the tenants a letter…[Read more]

Thanks Del :o) But now you have me in incessant questioning mode OK- question is… they say there is no CGT in NZ, but Jenman was saying the other night on TV that there is CGT for aussies- and if the money made to buy the IP originated in Australia, and not NZ. So for the IP you sold, you made about 23k. Did you have to pay CGT on that money @…[Read more]

If unemployment in Australia rises to any great extent… interest rates will fall. That could be the next move in IR’s. Given that much of our recent economic growth and low inflation has been premised upon the housing boom… and that the boom is now slowing, and consumer confidence has chilled somewhat… unemployment could easily rise. Could…[Read more]

Del,

I have to say your strategy is working remarkably well! Are you buying in Australia still, Del? Any plans to dump the aussie market, or are you still finding suitable (obviously CF+) properties here?

kay henry

george- thanks I am sure howard, the original poster, will appreciate the opinions of those who own in the area, as well as those who have done research about the area. I am sure you could see where I was coming from, george.

kay henry

*sigh*

Jo, I spent much of my life in melbourne. My family lived variously in richmond, brunswick, elwood, glen iris, The Basin… and I have read about social problems in southbank in much of the Melbourne media.

Thwe question to george was to ask him, if he disagreed with the “slums of the future” comment, did he have any personal interest in…[Read more]

James :o) Thanks for your reply. Just in terms of disclosure, or for the sake of objectivity, I know you said you currently rent one of the apartments, but do you also own an apartment in the area?

kay henry

NTowler,

I think it’s a valid question. I would prefer to buy in areas that have had little to NO growth, than ones that have had CG or 100 in the last two years. Why would I buy in Ipswich, for example, that has had amazing growth, and pay $200k for a property I could have bought for $100k two years ealier? People want growth for the properties…[Read more]

Simon, I was referring to Stuart’s message on another thread in the Finance section which said:

“I also spoke with Steve this afternoon and as a result he deleted the “PI.com now offers finance” thread. This shows he is just as committed to keeping this forum limited to sharing information as the rest of us. Well done Steve.”

…And I could…[Read more]

Howard,

I know you are looking at buying an apartment… but if I had a spare 500k to splash around, I would buy a house in Camberwell or Glen Iris or thereabouts. You’d still be able to buy at the lower end of the market there, but it’s the eastern suburbs, and they will always do well in Melbourne.

I was in Melby for the weekend… the…[Read more]

calvin

This topic came up a few days ago about the TT story. Try this:

http://propertyinvesting.com/forum/topic/11110.html

kay henry

That’s 4 times you have put the message that the trady didn’t turn up, Monopoly- I think we get the picture.

kay henry

I think tradies deserve at least $50 an hour. They are skilled just like our accountants and solicitors- and it can be dirty work :o)

About time they got proper pay. $30 an hour is nothing.

kay henry