[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 14, 2007 - 3:39 am

Sent you an email Fed, but basically, 3 BI bedroom, $148,000 rent $200-220 p/w located in Narrabri NSW
Cheers

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 14, 2007 - 2:44 am

How does one list a property with them? Being an owner seller I am trying to advertise my cashflow positive house in as many places as possible for as little as possible expense!
TIA

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 14, 2007 - 2:25 am

Yes, look at Singleton Heights or The retreat or hunterview (all in Singleton)

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 14, 2007 - 12:28 am

Singleton used to be reasonably priced, not any more due to mines and being a mining town. Rents are very high though for same reason. That being said I personally would expect Singleton to crash soon, not only because of the recent flood, but because mines are opening up more out near Narrabri and there was a heap of mine job losses recently. I have heard alot of the miners from Singleton will likely head to Narrabri for the new mine opening there late next year.
I really don't think it has much more growth left in it though. On the other hand, nearby branxton where I live is starting to take off as it is closer to Maitland and within reasonable travelling distance to Newcastle as well as being close to the mines.
Hopefully someone else can help you out more, my experience is just based on being a renting resident of Singleton for 10 years.

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 14, 2007 - 12:21 am

Not too experienced, But yes the water is probably an issue right now, that coupled with the fact Toowoomba had it's 'boom' about 2 years ago.
We recently sold our house there for 20K less than market value, was not impressed but had to sell in a hurry. Rentals are rather easy to come by, ours was a nice spacious brick 4 bedroom and rented for $240 per week.
HTH

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 7, 2007 - 2:24 am

just thought i'd add a link to the house that has rent to buy interest (also has another family viewing this weekend, so hopefully they will make an offer anyway) any idea on a better way to market it even! It is on ebay, oztion, and some owner sellers sites, this is just my personal webspace to get more photo's and descriptions on it. http://members.dodo.net.au/~downunderhpt1/index7.html

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

June 5, 2007 - 9:18 am

Did the seller do the reno's? If so, obviously they did them to re-sell at a profit, what they paid 7 months ago has n othing to do with sale price today. 1 Man had the nerve to ask me what I was willing to accept for my 148K property 'seeing as though I only paid 110K for it' I thought that was extrememly rude as we bought it over 5 years ago and what we paid has nothing to do with todays property values, the guy before me only paid 40K and did some reno's….good on him I say!

If your trying to do what he did and make a profit, tear up the contract, take the same risks he did and reno a doer uppera and sell it for a profit, chances are, he just bought as a boom was starting!

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

May 4, 2007 - 12:39 am

Well I called the real estate and she was fine with letting us out of the agreement. 10 Minutes after I faxed off my letter I got a conditional offer on the house!!!! The buyer is sending a holding deposit today because I said I wouldn't commit to his offer if he might change his mind when another party is also very interested as he won't be looking through until the 17th.
I can't beleive I got an offer this quickly after the RE had it for 8 months! And guesse where it was that I advertised and which site has brought most interest?  

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

May 3, 2007 - 12:09 pm

My husband was still in QLD and I was in NSW, he did know we had the house on the market, but I doubt he would have agreed to give them exclusivety again and for that long

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

May 3, 2007 - 12:02 pm

Thanks,
I might give them a call tomorrow and tell them that I want to cancel and take it off the market with REA's for 6 months and if I can't sell it by myself in that time I will re-sign with them, do you think they would go for that? Maybe if they know it's not going to another agent they may be O.K with it

What about the fact my husband hadn't signed the agreement? Does that count?

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

May 2, 2007 - 2:32 pm

Thanks Marc,
Yes we have had proper valuations done, one was 2 months ago when we were looking at refinancing to access the equity, and then again just a week ago as we sold one of 3 houses tied into the one loan.
Now if we could just sell one of the others, preferably the one near warwick (would actually prefer to keep the Narrabri one because the rent more than covers the loan and it will be worth alot more in 18mnths , but if we get a decent offer will sell).

How long should we leave them on the market before 'resting them' a bit.
Ebay seems to have been getting a few hits, even a phone call about the Narrabri one beleive it or not!

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

May 2, 2007 - 6:02 am

I thought the law was only if you were going to make current tenants (the ones breaking their lease) continue to pay rent until a new tenant is found. If you are willing to let them out of their lease then I think it is a different story….someone correct me if i'm wrong.

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

May 1, 2007 - 3:20 am

Thanks for the quick Reply Debbie,
I think i'll give the QLD agent a ring and make sure he hasn't lost my number…lol…that property is in Warwick, so an 8 hr drive from here….yuck! I guess I worry that with so many houses, how much attention is mine REALLY getting from the selling agent. Like my one in Narrabri is listed at 148K and is one of the cheapest on the market there and in good cond. yet it hasn't sold….is this because the agent is steering buyers to the more expensive ones to get more commision????? etc etc….

Well just called, and the one near warwick is no longer exclusive, they hadn't even changed the price on the net! Have ton wonder if they have done so in the windows, apparently they get enquiries every 2nd day but no-one goes through when they are told it's 10 minutes out of town, have to wonder if prospective buyers knew the price had dropped would they be more interested!

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

April 30, 2007 - 1:49 pm

Maybe the government is hoping we won't live to 75….lol….are we that much stronger and healthier these days than 20 years ago????? From what I see I think not, yet we have to work until we're older and work 12 hr days etc etc…….I used to pay extra into my super until the gov decided to also stop us accessing the extra we put in, my plan was that if i ever left that job  I would have that extra as like a savings I could use for what I wanted. Bring back that option and maybe more of us will put extra into super!

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

April 30, 2007 - 1:34 pm

I would just assume she fibbed so as not to be discriminated against, chances are she is also a model but makes most of her money dancing, dancing, modelling, she could have said either.
The fact is she will likely be working nights, not partying all night long and likely earns a great income which to me says a big yes! Nothing worse than tenants who don't pay and she is paying 1 yr up front!

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

April 30, 2007 - 11:27 am

We are currently in a rental and won't be buying here most likely unless the prices do drop drastically , our other house is also for sale and not in a good rental area because it's a 10 minute drive out of town and no-one wants to travel 10 minutes with fuel the way it is

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

April 30, 2007 - 7:08 am

So you mean, why not sell it at a higher price?
The price we have it listed at is very close to a bank valuation we had done 2 months ago, would hate for a buyer to come along and get finance knocked back because it didn't value in.

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

April 30, 2007 - 7:05 am

Speaking from experience….I would leave it……We bought our house on what others classed as a busy street (I didn't think it was busy at all) and although the house was great, the street put people off when renting and also when we sold although we did still get $240p/w for it, had it been on a quiet street it probably would have gotten $260-$280p/w, we lost 20K off the bank valuation at sale time because people wanted a quiet street. We found it fine to live in though.

I do think the rain would make the traffic louder though

[mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69]

April 30, 2007 - 6:40 am

O.K so don't know if i'm even working out the %pa correctly, the way I worked it was the house price ($148K our asking price)  then I worked out 6% of that which works out at  $8880pa which is $170 per week rent and we were getting $180, hopefully soon to be $200. Is that right? Or do I need to add in rates, insurances etc…..because if i'm going to advertise it somewhere as returning 6-7% I want to make sure I have done it correctly
I have searched and found out the new Narrabri mine has put forward the  environmental impact study for the public to view, so am assuming the construction of the mine will commence soon once it gets gov approval…..geez….why do I do this to myself….argh!

Please if anyone has any advice….I really need it right now