PropertyInvesting.com | merryc | Activity https://www.propertyinvesting.com/members/merryc/activity/ Activity feed for merryc. Sun, 12 Apr 2026 20:40:39 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d5871a99524dd09c4b514ddb57bf214b merryc replied to the topic Hot Spots in Western Australia, Perth in the forum General Property https://www.propertyinvesting.com/forums/topic/hot-spots-in-western-australia-perth/#post-4668575 Mon, 30 Apr 2012 12:44:43 +0000 Think Midland as well – huge government investment in infrastructure and planning. Formerly pretty low SES, but is still close to Perth and likely to grow over next 3 years

]]> 051772c732b7ceb37638ef02c020a976 merryc replied to the topic sick of greedy plumbers & electricians in the forum General Property https://www.propertyinvesting.com/topic/4390704-sick-of-greedy-plumbers-electricians/page/15/#post-4573775 Sat, 26 Mar 2011 00:17:52 +0000 It’s called a marketplace people. Instead of getting annoyed then shop around the same as you do for anything else. If you are not happy with the quality or value you get from a tradie then go onto the Internet at sites like true local and let people know about it.

If you can’t find another tradesman because you bought a property in Port Hedland…[Read more]

]]> d17b7efa2986bfa702d98094983a510d merryc replied to the topic Not Enough Deductible Debt in the forum Help Needed! https://www.propertyinvesting.com/topic/4391269-not-enough-deductible-debt/#post-4576471 Mon, 29 Oct 2007 06:41:13 +0000 Qlds007 wrote:
What about selling the investment property into a Unit Trust and borrowing the full valuation price being say $240K and then using the residual net proceeds ($240K minus loan owning of $100K) to pay down your PPOR non deductible mortgage.This shifts $140K of the loan from non deductible to deductible debt.You need to crunch the…[Read more]

]]> ce7fa3775928c508429e12e1b953e68f merryc replied to the topic Our first reno project in the forum Value Adding https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/12/#post-4568683 Wed, 26 Sep 2007 00:23:18 +0000 Stumunro wrote:
Awesome job mate. I am gobsmacked at how great you have transformed this house and on that good a budget. you are a deadset inspiration :)

Couldn't agree more.

]]> 8fced293c5791a0ea8bdf3b50b20f878 merryc replied to the topic Our first reno project in the forum Value Adding https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/12/#post-4568682 Wed, 26 Sep 2007 00:19:42 +0000 Congratulations. Absolutely fantastic result for all your hard work.

]]> 966d862381c522165614e9f6eaf37a0d merryc replied to the topic sick of greedy plumbers & electricians in the forum oneplumber wrote: The media https://www.propertyinvesting.com/topic/4390704-sick-of-greedy-plumbers-electricians/page/5/#post-4573579 Mon, 24 Sep 2007 06:07:37 +0000 oneplumber wrote:
The media reckon Doctors kill more people then Electricians.

Good point. Maybe if we gave Doctors beer when they treated us, they might do better too.

]]> f743885c377bd19c1de014bf38f91d2c merryc replied to the topic Auction houses in and around Melbourne in the forum Try greysonline.com.au  I https://www.propertyinvesting.com/topic/4390837-auction-houses-in-and-around-melbourne/#post-4574324 Wed, 19 Sep 2007 07:55:21 +0000 Try greysonline.com.au  I haven't personally used them, but I have a builder friend who swears by them. They have online and on site auctions and are in cheltenham, bit of a drive but not too bad.

]]> b80a96111fa11136cc770b30dbb09089 merryc replied to the topic Buyers agents in the forum Buyers agents tend to help https://www.propertyinvesting.com/topic/4389771-buyers-agents-18/#post-4568277 Wed, 05 Sep 2007 08:16:27 +0000 Buyers agents tend to help you source, value and purchase a property – they act on your behalf. In return, you pay them a fee – either fixed or as a percentage of the sale. Examples are Wakelin and Wakelin in Melbourne. They often have their own philosophy as to what is a good house which may not be compatible with yours. "Agents", as you know,…[Read more]

]]> a104f338fb678782c569273da464077f merryc replied to the topic Our first reno project in the forum House looks great!  Just a https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/10/#post-4568636 Wed, 05 Sep 2007 08:11:23 +0000 House looks great!  Just a quick question. When you say you worked 77 hours for the week on it – is that you alone, or does that include all your helpers time as well?If you are working 77 hours per week – that's hard going!

]]> c8e3f178bf8f561d3556d09ffea5e8b8 merryc replied to the topic information is king in the forum Help Needed! https://www.propertyinvesting.com/topic/4390696-information-is-king/#post-4573439 Wed, 05 Sep 2007 08:09:28 +0000 Australian Property investor usually has tables of info, but historical trends are a little harder to come buy. If you can narrow down the suburbs that you want then you can buy the RP data. It's sort of helpful, probably more if the suburb is a dud than if it is good. That is, if you are buying somewhere with a proven track record, then the data…[Read more]

]]> b96a7d95d12509f93278486b7fbf2c13 merryc replied to the topic Mines in Tasmania's west coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4390695-mines-in-tasmanias-west-coast/#post-4573434 Wed, 05 Sep 2007 08:02:07 +0000 There is a new zinc mine going in near Zeehan, which is W coast tassie.Check out :  http://www.abc.net.au/news/stories/2007/01/15/1827320.htm

]]> 537af835ee6c7f97cf248cf4fb0e4988 merryc replied to the topic sick of greedy plumbers & electricians in the forum General Property https://www.propertyinvesting.com/topic/4390704-sick-of-greedy-plumbers-electricians/page/2/#post-4573519 Wed, 05 Sep 2007 07:29:27 +0000 Oh yes, there's real electricity in the air now. Perhaps the idea of a web page with quotes is just a pipe dream after all. . .

]]> 4ac9fb461d96647ae9d4f0836630bc04 merryc replied to the topic sick of greedy plumbers & electricians in the forum General Property https://www.propertyinvesting.com/topic/4390704-sick-of-greedy-plumbers-electricians/#post-4573504 Wed, 05 Sep 2007 00:58:47 +0000 Whoa! I take it that you've had some bad tradie experiences. There are good and bad ones, like in every profession – including brain surgeons!Of all your suggestions, some of which I'm sure are not that serious, if anyone can list what a reasonable cost per job is, that would definitely be very helpful.Chris

]]> 426c3593dd95cfa3e41d069b3cb92e50 merryc replied to the topic First time home buyer buying off the plan display home in the forum Help Needed! https://www.propertyinvesting.com/topic/4390649-first-time-home-buyer-buying-off-the-plan-display-home/#post-4573253 Sat, 01 Sep 2007 07:34:06 +0000 The potential problems here are usually1) Delay in building – is the house built already? It can cost you big money if you are paying a mortgage and there is some problem with completion of the project2) The property is worth less in 2 years time. This happened initially to a lot of people with Docklands apartments, but a bit of research, common…[Read more]

]]> b5ee4548e36d5bfb9c2bf31d82c402fe merryc replied to the topic WealthScore.... How Did You Go? in the forum Hi Richard - Full time https://www.propertyinvesting.com/topic/4390643-wealthscore-how-did-you-go/#post-4573104 Fri, 31 Aug 2007 08:04:18 +0000 Hi Richard – Full time property investors, Hotel Heiresses and minor European Royalty would be my guess. Unfortunately, we just leveraged ourselves to the hilt to buy a business opportunity which wont start to pay out for a while. I think if I try again in 90days I may be even further behind :)

]]> e6bd70fecce76313306314ff99496137 merryc replied to the topic WealthScore.... How Did You Go? in the forum Dont worry you guys, I https://www.propertyinvesting.com/topic/4390643-wealthscore-how-did-you-go/#post-4573102 Fri, 31 Aug 2007 07:55:43 +0000 Dont worry you guys, I scored -452. Yes, I may be the only person who could survive negative one year! Not the best time to quit work!

]]> aaeae48462fb31ebed5ca30a363688ce merryc replied to the topic Why is Western Melbourne so bad? in the forum General Property https://www.propertyinvesting.com/topic/4390116-why-is-western-melbourne-so-bad/page/2/#post-4570262 Fri, 31 Aug 2007 02:18:37 +0000 P.S. Yes, I live in the inner north :)

]]> 1103817731dbc6ee18ae45b6687e8891 merryc replied to the topic Why is Western Melbourne so bad? in the forum General Property https://www.propertyinvesting.com/topic/4390116-why-is-western-melbourne-so-bad/page/2/#post-4570261 Fri, 31 Aug 2007 02:18:14 +0000 oneiricer wrote:
Hi guys,i've just had a look at this month's API, and at the back is a map of melbourne with the suburbs growing in price. I noticed the majority of the fast growing suburbs is towards the east, where the east link is going to be built. Obviously this has a direct factor and is pushing prices up, but more importantly, why does…[Read more]

]]> 6c852436fad147400f67d59f45309728 merryc replied to the topic Which is the right door to open as a first timer into the property market? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390637-which-is-the-right-door-to-open-as-a-first-timer-into-the-property-market/#post-4573064 Fri, 31 Aug 2007 02:03:36 +0000 Once again, Marc has some excellent advice (I sound like a cheerleader!). If you dont take advantage of the FHB grant, then you need to earn 30% more than that before tax to have the same amount.For you to make the decision you need to think about what's important to you. 1) How important is your 'lifestyle' now?2) How far out are you prepared to…[Read more]

]]> 5bbfc906ad9487c0bd44bf78557ae2ec merryc replied to the topic Kitchen Benchtop Renos in the forum Value Adding https://www.propertyinvesting.com/topic/4390577-kitchen-benchtop-renos/#post-4572781 Wed, 29 Aug 2007 09:05:22 +0000 attrill wrote:
Three years ago I got Granite Transformations to do the bench tops in a unit of mine. The cost was double that of new laminate and half that of proper granite. It still looks like new and was well worth it. It has been a rental for the last two years and being able to put hot pans on it and cut on it makes it a sensible option.…[Read more]

]]> 1109ebba4c955346bd71d7f481bc4399 merryc replied to the topic Our first reno project in the forum Hi Jase and Flic, Loving https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/10/#post-4568626 Wed, 29 Aug 2007 09:01:48 +0000 Hi Jase and Flic,Loving your blog! Where did you go to get the door furniture? I am in carlton and am doing up 2 houses at the moment – always on the lookout for a bargain.Chris

]]> 17e956e449b65af3c721e49cc6ea7d8c merryc replied to the topic Stuck on next step in the forum Help Needed! https://www.propertyinvesting.com/topic/4390613-stuck-on-next-step/#post-4572985 Wed, 29 Aug 2007 08:58:45 +0000 I agree with Marc, especially with regard to comparing yourself to others on the forum. I'm in a similar position to you, 2 IPs, not a snowballs hope in hell of paying stretching to a third at the moment, but 2 years ago I had 1 IP and thought I could never stretch to 2. In the meantime have bought a PPOR and a second property. The maths is…[Read more]

]]> 6fb519fc9e5fd1de64ba1a809d8c0e82 merryc replied to the topic takning the 2nd step? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390554-takning-the-2nd-step/#post-4572698 Wed, 29 Aug 2007 08:52:12 +0000 Hi Pirate,What did you like about IP#1? What did you learn from buying IP#1? Think about those things and that should put you part way to answering your questions.Also, some people like to diverisfy their property portfolio. While Steve is a big fan of all cash flow positive properties, Margaret Lomas, another well respected property investor…[Read more]

]]> a73942ac7093b7b630d0ca18b26fedc2 merryc replied to the topic How much to offer on a Melbourne property in the forum Help Needed! https://www.propertyinvesting.com/topic/4389530-how-much-to-offer-on-a-melbourne-property/#post-4567384 Mon, 21 May 2007 04:10:33 +0000 Good point, Marc, that's exactly what I was talking about. Unfortunately in the "hot" areas and there are more and more in Melbourne at the moment, particularly inner city, most houses advertised on internet etc are up for auction. You can find private treaty houses, but again, the 'buffer' depends on the area.  As Michael says, if you are in a…[Read more]

]]> 430bcb0abd97a567ba2ed100c9ee91c6 merryc replied to the topic How much to offer on a Melbourne property in the forum Help Needed! https://www.propertyinvesting.com/topic/4389530-how-much-to-offer-on-a-melbourne-property/#post-4567381 Mon, 07 May 2007 13:54:51 +0000 Hi PK, Depends where you are looking and what the property is. Houses around inner Melbourne – Carlton, Fitzroy, Elwood – add at least 10%. For example 2 places in North Carlton last weekend  – one asking 590 plus went for 735, one asking 600plus went for 720. Most people looking at desirable properties are paying at least 10% more than…[Read more]

]]> c9428027bcd6cec36eeed0fe748e15af merryc replied to the topic Investing in snow villages in the forum Hi Devo, A couple of warning https://www.propertyinvesting.com/topic/4389536-investing-in-snow-villages/#post-4567405 Mon, 07 May 2007 13:50:03 +0000 Hi Devo, A couple of warning points – 1) Often these articles are puff pieces written with pretty heavy input from the real estate agents (I think it's John Castran at Mt Hotham/Dinner plain) 2) You need to be careful with the Dinner Plain/Mt Hotham difference – Dinner plain properties are a bus ride away from the slopes and therefore less…[Read more]

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