Sounds lovely. Have you thought about how you will power your house if the power is 2-3km away, look into the cost of getting the power connected from that distance away or how much solar panels and batteries would be. This could add quite a bit to the initial cost. Rainwater tanks will solve the water problem assuming they can be tr…[Read more]
No you can't put up the rent that soon, however, I noticed you said you were in Perth and doing this on your own. Ring DOCEP on 1300 304054 or 08 9282 0777 and request a copy of "The Landlords Handbook". It's a free publication that has all the rules and regulations that a landlord must ahdere to in WA as well as samples of common forms e…[Read more]
OK, your appearance is fine, so I’d say it comes down to being young and a first time renter. It means that if you and another applicant apply and both stack up, but the other applicant has a rented before and has good references and you don’t then they will most likely choose the other applicant. (As a property owner I would. You see, in…[Read more]
I have the PIA software from Somersoft and always found that to be wonderful. I’m fairly sure that McKnight has software advertised here that does that type of thing too, so hopeuflly someone will come forward as to what that is like. Plus try looking up “Jaffasoft” posts, I seem to recall reading his posts, offering free or cheap software.
It’s called Centrepay and the tenant can cancel the authoristion for funds to be deducted at any time or if their payment is less than the rent then you will only get what is there ie: if they do some casual work and their Centrelink payment drops to say $100 on the fortnight that your $300 rent was supposed to be dedcuted then you will only get…[Read more]
Is the CGT going to be as bad as you think! Before trying to avoid it which is unlikely, look at what it would be. My rough calcution (worst case scenario) would be around $35,000 each but that’s based on the very little info given and it would depend how it was purchased ie: names on the title (joint tenants or tenant in commona nd percnetage…[Read more]
I have never bought in Kalg but live in WA and have investigated the market several times.
What I have found is that when resources and doing well so does Kalg. When resources are not doing so great then often you’ll need to reduce rents to get tenants or you’ll ahve periods where the property is not ntenanted and the porperty doen’st appreciate…[Read more]
I don’t’ know anythinga bout “off the plan” buying, but is there anything stopping you selling your “off the plan unit” now? I know it’s not built but you bought it that way, can you sell it that way too?
Are they on a lease? There may be a section in the lease, if so you will need to abide by it.
Secondly if they are on a lease then I think they have to stay while you are selling, but if they aren’t then they need only give you 21 days notice (in WA anyway that’s the standard notice) that they are going to vacate and then you are…[Read more]
Firsly I know nothing about Sydney and the market there so can’t hlep with specifics, but I guess the things I’d look at are:
A) why do people say not to buy them, is it a good reason or is simply a personal view they are airing? Check what vacancy rates are for these type of places ie: ring agents in the area and pretend you are…[Read more]
Also check you can get insurance and the cost (this may drag the yield down) as you are willingly letting people into the home to view it so not insurance will cover you for some types of damage. Check it out before buying.
Could be a good thing, just check everything out first to be sure.
Can’t be done in WA either unless your spouse has died and the home was as joint owners (not tenants in common), then with the production of a death certificate they will transfer the name on the title to the living spouse.
Back in 2004 when this thread first started, properties in Balga were around the $200,000 mark. Seems I picked a right suburb becasue as you started the prices have grown remarkedly. Shame I don’t have an IP there![annoyed]