Hi Mel, great idea. [biggrin]

Obviously we pay waaaaaaaay too much in Perth. I pay 8.5%.[comp]

MA & Terry, thanks for help, sheds some light on the issue.
Cheers[biggrin]

Monopoly,
Soooo simple when you know …. BTW, I actually thought you were all referring to a business magazine – ??? trying to work out which one.

Thanks everyone,

[thumbsupanim]

OK, great.

LOL. I know I’ll remember that one.

By the way, stupid question, but who made up these abbreviations up in the first instance. Was there some sort of working party set up or whatever etc. etc. (only joking, I know my daughter would say “Lame”).

Anyway, hope to be able to use and remember some of these.

Del and Monopoly, you always…[Read more]

Hi SD, cool site. Thanks, great help….[biggrin]

Hi SD, great, will go for this sounds like it will do the trick[strum]. Though will need to be careful that the creepers are not invasive.

Monopoly, thanks, $6K wow – I would expect it to look awsome at that price.
However, it would be overkill for this property, I only paid $25,000 for the house. My car cost more than the house…. though, cant…[Read more]

Hi Monopoly,

I guess it depends how irregular it is, this could possibly effect resale. I wonder how many people infact worry about this when purchasing properties. This certainly would not be a major concern for me unless I were considering buying for subdividing purposes down the track.

From what you have stated it has the LOCATION factor,…[Read more]

ThanksC@34 and Sue, natives sound ideal.

Any clues on pergola, wonder what price range I would be looking at?

Cheers[exhappy]

Kay Henry, thanks for info …. will look into further. Cheers[biggrin]

Hi all,

without mentioning details of town it is officially referred to as A REGIONAL CENTRE services an area with population of over 18,000 people.

All official documentation (including Gvt literature) states it is a “Regional Centre” and I can only assume must meet a particular criteria. I have 14 (A4 pages) listing all the businesses in this…[Read more]

Thanks MA, not close to 80%. Postcode, but somehow I dont think this is the issue here. Regional town servicing 15,000…

PS
Interesting Ava[exhappy]tsjdjdjdjf (whatever you call it!!)

Hi Del, I actually heard it from a morgage broker here in WA. He has dealt with our business loans only.

I must admit I was surprised, as I had not heard of this before.

I thought this applied only to commerical props.

Strange, will investigate further…. [rolleyesanim]

thanks for replies everyone. I personally hope they all go on to make $2M +++.
Will do a Map group search to find out more info.

Del, buying positively geared props increases income, however, from what I have read the banks only take XX% of the rental income into account.

[strum]

Terrace in Paddington, …… must have cost squillions?
All the best. Cheers, Marisa[biggrin]

Hi Melbear, no tenant, however high demand for rental properties in this region + additional bonus coming my way approximately 500 employees will require rental properties shortly….

Yippie…… What a show off I am, I have a good reason, my first +ve geared IP.

How about you??? any good news to share…..[biggrin]

Hi There,
Agree with DD, still good buys out there –
just been advised that my offer on an IP has been accepted – $25,000, major regional town. Rent $100-110. The property requires about $5,000 to replace carpet and quick make over job.

[exhappy]

Hi Homer

I found chating to the locals was helpful. If you could possibly stay a weekend this would be great. Get a feel for the area.

Also Shire Council, they usually have a package which includes stats, details on area, what services are in the town, local businesses, Gvt Departments, Banks etc. You could contact a local business person in the…[Read more]

OK, thanks for Help

Cheers.[biggrin]

Tip
Try to avoid buying an IP with swimming pool. If you must…. get a pool inspection.
[strum]