https://www.propertyinvesting.com/members/sallyann/activity/ Activity feed for sallyann. Mon, 13 Apr 2026 05:43:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3ee7b7adbd38554b6f17b3b599b04498 https://www.propertyinvesting.com/topic/4394531-repair-then-rent-or-rent-then-repair/#post-4594660 Mon, 20 Oct 2008 10:56:19 +0000 I think you're right, you can do the improvement up front but then not claim a deduction, and should get more rent, OR do them in six months or so (don't quote me on the timeframe!), claim them, but maybe have more trouble getting a tenant and have a lower rent. Is the carpet a trip hazard, if so definitely fix it before renting it out so you are…[Read more]

]]> 10474980f4ebce2b6cea1df15c693b87 https://www.propertyinvesting.com/topic/4394501-getting-started-43/#post-4594551 Sun, 19 Oct 2008 05:06:56 +0000 Do lots of searching the net, these type of properties are not very common so you need to keep doing your sums, work out the most likely locations to find them and keep looking and doing more sums! Remember when doing the sums that the purchase price would hopefully be a little less than the asking price. Setting up a spreadsheet may help with the…[Read more]

]]> 86cc1b7ad250173d4d883866fa8e94d4 https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593796 Tue, 07 Oct 2008 11:24:41 +0000 I agree with Harb.

]]> 633538b1042635148b71b95adfa6f625 https://www.propertyinvesting.com/topic/4394346-first-home-buyer-no-more-momies-boy/#post-4593439 Tue, 30 Sep 2008 12:28:45 +0000 Maybe a shared (rental) house arrangement would suit while you build up a deposit and hopefully increase your salary over the next few years

]]> 405597ef04b3715d4190383a40d035c8 https://www.propertyinvesting.com/topic/4394330-house-with-unsealed-asbestos-cement-roofing-ex-housing-commission-circa-19645-is-this-dangerous-black-mold-pock-marks/#post-4593338 Sat, 27 Sep 2008 13:11:27 +0000 I think there will be fibres in the gutters of the house and around the base of downpipes or in the soakwell. Most will still have bits of cement on them, so they would not reach the lowest parts of the lung if inhaled (which is where the damage occurs). There are background asbestos fibres in every Australian city and town. We all have thousands…[Read more]

]]> 091be46944e0c9cb1a822cb62b65a0d9 https://www.propertyinvesting.com/topic/4394276-ideas-for-ways-to-improve-front-view-of-house/#post-4593123 Sat, 27 Sep 2008 13:03:08 +0000 Agree with Frini. Also would open up the verandah if possible for better internal light. Consider skylights if you can't get enough light in (can be quite economical). Or could you go with bigger windows? I've seen uglier

]]> 8f400f903b4202ee413d4416c772534e https://www.propertyinvesting.com/topic/4394327-unit-to-rent/#post-4593329 Fri, 26 Sep 2008 23:20:36 +0000 Have you had a look at http://www.rent.com.au, investors can place their own rental ad  with photos for around $60, quite reasonable I think. Good luck.

]]> 1ed8204efb57f44fa5b1a55a169a10c4 https://www.propertyinvesting.com/topic/4394296-can-anyone-recommend-a-decent-property-manager-in-perth/#post-4593225 Tue, 23 Sep 2008 10:54:05 +0000 I've been using Wentworth, haven't had any probs. They have noted and organised repairs etc, pay the relevant bills.

]]> e14368347008da042462128a3538852a https://www.propertyinvesting.com/topic/4394287-renting-7/#post-4593206 Tue, 23 Sep 2008 10:52:33 +0000 It's more the vacancy rate than the rental % I reckon. Keep an eye on the rental ads for the suburb – if there are heaps in that price range there may be oversupply.There'll be another one.

]]> 81c1504a569c7d3b705eb64afb8c6d11 https://www.propertyinvesting.com/topic/4394275-can-i-post-a-picture-would-like-some-ideas-on-fixing-up-front-of-property/#post-4593117 Sat, 20 Sep 2008 10:26:09 +0000 http://www.photobucket.com is one that will host pics.

]]> ff76a8812bfae216efa2e98ea95d298c https://www.propertyinvesting.com/topic/4394272-photos-for-the-condition-report/#post-4593096 Fri, 19 Sep 2008 10:48:16 +0000 There are heaps with a timestamp but I think they would all be "settable" so it's not going to be absolute proof (ie no guarantee you set the correct date). Still pretty good though. Best if you actually printed them and both parties initialled and dated the back of them. Immediately before move-in would be ideal I think.

]]> 9aff7b88124ea078f9c569302c6bc28e https://www.propertyinvesting.com/topic/4394227-is-this-legal-it-works-for-me/#post-4592878 Sat, 13 Sep 2008 12:48:55 +0000 If the powers that be must remain unaware, it's probably not legal.  Your real question is 'can you get away with it', and I don't have an answer to that!

]]> 59ad06b78bb7c3e70f412da3733e18b0 https://www.propertyinvesting.com/topic/4394215-asbestos-tiles/#post-4592825 Fri, 12 Sep 2008 23:22:11 +0000 The price I estimated was based on WA single sample prices. Sure you could get prices as low as $60 but not for one sample, as there is a batch fee as well. And although the Codes for removal are national, the Regulations differ state by state including the regs on when you need a licensed removalist. In WA you don't need a licensed removalist for…[Read more]

]]> c7dfd2d8af4d5260eb2c4f1aeb0d372d https://www.propertyinvesting.com/topic/4394204-buying-a-block-of-units-to-renovate-and-strata/#post-4592725 Fri, 12 Sep 2008 11:54:14 +0000 I would start by contacting the council and getting everything they have on this, and their requirements. Then inspect with a builder in this line of work for his view on the economics of the job. Do your sums very carefully.

]]> 768ba72b0a7d7323c220c68815f3766d https://www.propertyinvesting.com/topic/4394219-studio-apartments/#post-4592849 Fri, 12 Sep 2008 11:36:43 +0000 Some banks only lend on a minimum floor area (eg won't lend on under 50m2 for example) so floor area can be critical.

]]> 7024a90fc6eadc4cb2fd8bcb6a41f40c https://www.propertyinvesting.com/topic/4394215-asbestos-tiles/#post-4592823 Fri, 12 Sep 2008 11:35:32 +0000 It's an absolute bugger for the lab to test too, due to the resinous nature. Most commonly those tiles were 1960s and 1970s however it's still possible in the 1980s. Personally I would remove it "as if" it contained asbestos. There are guidelines for safe removal on the WA health dept website at http://www.health.wa.gov.au . If you wanted a lab test…[Read more]

]]> bb34659c8bce65e50e8ea7d90133f25f https://www.propertyinvesting.com/topic/4394187-bathroom-flooring-alternatives-to-tiles/#post-4592649 Tue, 09 Sep 2008 12:20:56 +0000 Polished concrete?

]]> 5aa1305e897e57b66c9c912ed1870a92 https://www.propertyinvesting.com/topic/4394182-opinons-please/#post-4592634 Tue, 09 Sep 2008 12:19:54 +0000 I have one unit a bit like that in Perth, we needed to do a lot of plumbing replacement due to clay pipes/root ingress, might be worth checking as replacement is expensive.

]]> d59fcd2694f944b80c6059c0668aaa5e https://www.propertyinvesting.com/topic/4394006-opinions-needed-2/#post-4591793 Thu, 14 Aug 2008 09:38:25 +0000 I use Wentworth for my Daglish one, have had no probs the last couple of years since using them. Just let prospective tenants know it's available for 8 months, you may get someone interested in the whole time, especiallly as the vacancy rate is still low.

]]> 6d06470a42d0a7d89f17697b1f4f6b61 https://www.propertyinvesting.com/topic/4394000-combined-laundrykitchen-sellable-option/#post-4591752 Wed, 13 Aug 2008 10:20:48 +0000 I'd buy it, if it was done well. Or is there a large bathroom that could take a laundry?

]]> cac234a7df44b53bd3ffa5107624f3a4 https://www.propertyinvesting.com/topic/4393977-do-many-sellers-accept-offers-on-land-purchase/#post-4591701 Tue, 12 Aug 2008 11:29:16 +0000 I've never bought land alone, but in this market it can't hurt to make an offer, they can only say No

]]> e146dae767eb42bec37cc05a099d7c16 https://www.propertyinvesting.com/topic/4393983-help-with-property-query/#post-4591726 Mon, 11 Aug 2008 13:07:11 +0000 This is why you would look for a cash flow positive property, ie one where rent + tax deduction exceeds interest + other costs. Then you can afford to hold it and benefit from even low growth. Also if it is CF+ when you buy it, rents should increase more than interest + other costs over time so it may start making money. Certainly a really good…[Read more]

]]> 0d15e2b1ff1232fe436c29f2f186eccd https://www.propertyinvesting.com/topic/4393964-look-please/#post-4591666 Mon, 11 Aug 2008 13:01:56 +0000 Most bank websites have calculators online where you can enter the amount of the loan, term and interest rate and calculate repayments. I think you'd be better off using a more traditional deposit.

]]> 85ea15f49ae095ce56565bd9f13cc5c3 https://www.propertyinvesting.com/topic/4393972-using-equity-in-ppr-to-finance-first-ip/#post-4591685 Sun, 10 Aug 2008 12:33:41 +0000 Total equity of 20% would be considered reasonable (provided you can service the loans – including if things go a bit awry eg interest rates, vacancy). So if you have two units valued at $200,000 each, 20% of that would be $80,000. On your workings above you would be close to that after 12 months.

]]> 6793764ef0019aaf4be8f1e129c16d42 https://www.propertyinvesting.com/topic/4393957-melbourne-or-bust/#post-4591624 Thu, 07 Aug 2008 13:18:25 +0000 Depends on two things – the numbers, and whether you care about the numbers or are focussing on lifestyle. You need to add up the additional costs (purchase and ongoing) in buying 3 versus one, and the rents incoming, and deduct your rent. Then you need to estimate growth from the three versus the one (tricky of course, but history may guide) over…[Read more]

]]> af5175cd49d03c94b49b8fb48557e929 https://www.propertyinvesting.com/topic/4393953-100-finance-age-article-today/#post-4591602 Thu, 07 Aug 2008 12:41:25 +0000 Unfortunately some people are easily persuaded to take certain actions, and the bank employees may have incentives to get people to take out loans. Not everyone is particularly financially literate, or good with numbers, or particularly bright, and they can get into trouble very easily. Most people can be educated but some need protection.

]]> 85a436ca13f263d410585d486eceaa54 https://www.propertyinvesting.com/topic/4393945-advice-needed-urgently/#post-4591570 Tue, 05 Aug 2008 10:37:13 +0000 I would go with your solicitor on this one. It appears the buyer is trying to get a bigger loan with minimal security  – ie to mislead his bank – and also will be an incorrect value for stamp duty and valuations – I'm no expert in this area but I think your solicitor is likely to be and has advised correctly.

]]> 42617fa13c899b7fb9ca49fa9a7aabc7 https://www.propertyinvesting.com/topic/4393936-perth-apartments/#post-4591460 Mon, 04 Aug 2008 08:27:38 +0000 I think, even with forecast price drops, the nature of the market at the moment provides the opportunity for a bargain. Don't rush in but look extensively (no rush with so much for sale) and make a very cheeky offer when you find a highly motivated seller with a nice property. You might also want to look at some of the regional centres such as…[Read more]

]]> 4f2044f7acfdc701360c0cdedc6bfb1b https://www.propertyinvesting.com/topic/4393940-perth-property-4/#post-4591472 Mon, 04 Aug 2008 08:22:51 +0000 We have our PPOR and one IP in Perth. The IP is an older style unit in Daglish which we've had since 1996. I think Perth is still priced pretty high and returns are not great atm. Not much of a msn user but you can PM questions if you like.

]]> fd8f83398fc1c32a574aacbe731513da https://www.propertyinvesting.com/topic/4393933-property-and-how-many/#post-4591419 Sun, 03 Aug 2008 09:39:52 +0000 A or B depending how they are counted (1 is set of 4 units).

]]> 32bcb7977bb3219b6f637aebee503153 https://www.propertyinvesting.com/topic/4393928-do-we-need-to-leave/#post-4591367 Sat, 02 Aug 2008 14:08:38 +0000 Give consumer affairs Victoria a ring on Monday. Details here http://www.consumer.vic.gov.au/CA256EB5000644CE/page/Renting?OpenDocument&1=910-Renting~&2=~&3=~ .

]]> f26df5ee5dd06fe8cf77d5afb9ef3a55 https://www.propertyinvesting.com/topic/4393929-a-lesson-in-tennants-and-property-managers/#post-4591372 Sat, 02 Aug 2008 14:01:16 +0000 Move on, why have they not told you about the extra pets if nothing else; they know you are interstate and are slacking off because of it. With the next agent could you get a few photos sent to you with the inspection reports?

]]> cda36a4b572890c6179a64ae29cfc54f https://www.propertyinvesting.com/topic/4393894-how-to-make-the-most-out-of-our-holiday-house/#post-4591164 Fri, 01 Aug 2008 23:34:54 +0000 A member of my family has a house which she lets for holiday accomodation (furnished) with the assistance of the local tourist information centre and a local cleaner. Would it be possible to get an agent for this type of letting? Get some prices for mgt and cleaning and see if they add up. The other thing you could do is sell it and buy a…[Read more]

]]> b3c10c6e2dfd37359b089990581999b0 https://www.propertyinvesting.com/topic/4393919-help-please-17/#post-4591339 Fri, 01 Aug 2008 23:30:00 +0000 Agree with mpertile, get some legal advice and add up the costs of (presumably) loss of deposit plus fees, against possibly buying again at a cheaper price.

]]> e7fd54177eb94678181b8a1f14560606 https://www.propertyinvesting.com/topic/4393919-help-please-17/#post-4591336 Fri, 01 Aug 2008 11:39:24 +0000 How much was the deposit?

]]> 8936d210b7b05390be496f58ca921678 https://www.propertyinvesting.com/topic/4393920-first-home-buyer-but-prices-tipped-to-fall-10-in-one-year/#post-4591340 Fri, 01 Aug 2008 11:36:08 +0000 You only lose it if you sell. How long are you planning to hold it? As long as you can handle the repayments on your income including interest rate rises, and are holding it medium-longer term, should be fine. Over the last 25 years property has averaged 8% gain a year and there's no reason the long term future growth shouldn't be similar.

]]> d632e16a1edc5612acd359d6c0f1e443 https://www.propertyinvesting.com/topic/4393860-looking-on-opinions-on-investing-plan/#post-4591033 Sun, 27 Jul 2008 00:52:01 +0000 Where are you? You want a growth market to do the "simple flips" I reckon, or costs and risks outweight gains. Also you will need to be extremely selective in your properties to be able to "draw income" from them without a large deposit. You may have difficulty finding such properties in capital cities. Do plenty of research on vacancy rates and…[Read more]

]]> ea954560a032d235ab3d57833f3772e4 https://www.propertyinvesting.com/topic/4393316-building-depreciation-3/#post-4588043 Sat, 26 Jul 2008 14:44:56 +0000 Thanks Scott, much appreciated.

]]> d669cd330b8fd9880892ee7ec7eac100 https://www.propertyinvesting.com/topic/4393799-off-the-plan-investments/#post-4590722 Sat, 26 Jul 2008 14:38:57 +0000 Your link didn't work for me but why would they need to promise a return? If it was a good investment it shouldn't need guarantees. Do your sums, look at what similar properties in the area rent for and the vacancy rate for the area, population growth rate etc. Also make sure you compare rents/vacancy rates for properties of similar floor area and…[Read more]

]]> 1e2676c4b0664c8f8ac47c9451a73c93 https://www.propertyinvesting.com/topic/4393828-350k-where-to-buy-and-what-to-buy/#post-4590879 Sat, 26 Jul 2008 14:31:40 +0000 Really a personal preference – classier suburb or more land – depends on what you want. Personally I prefer the better suburb/smaller house combo but a lot of people would go for the land and wait for the area to improve (Coolbellup will improve in time, it's not a bad location – similarly Hilton or Hammy Hill).

]]> 9c71719bf8dc875b08d016bb0af0b4fe https://www.propertyinvesting.com/topic/4393833-rental-issue-getting-very-anxious/#post-4590906 Sat, 26 Jul 2008 14:25:41 +0000 I find having an advertised "open time" for people to come and look at the place on the weekend is a great help. Makes it easier for them than making an appointment with the RE agent.

]]> c5cdb2580185a0dec18ce31ab2437b66 https://www.propertyinvesting.com/topic/4393856-renting-a-home-from-yourself/#post-4591017 Sat, 26 Jul 2008 14:21:01 +0000 My understanding of trusts is that they are useful for disbursing profits but can't be used to disburse losses – and as such would not be useful to you in this situation, even if the ATO would regard it kindly which I rather doubt.

]]> 083cca2d7069d8bd4d3b5617a111e7f2 https://www.propertyinvesting.com/topic/4393859-is-it-possible-5/#post-4591031 Sat, 26 Jul 2008 14:17:41 +0000 I think P2 would need to pay 50% of the market rent to P1. Also P2 would not be entitled to any tax deductions as it is a PPR for P2.

]]> c44f46e83fe255f197839a7c2b015511 https://www.propertyinvesting.com/topic/4393340-painting-over-bathroom-tiles/#post-4588142 Wed, 28 May 2008 09:06:22 +0000 White Knight is a brand designed for this, you need three parts (clean/prime/paint) I think. They have various colours. If you don't like it or it wears badly you could retile down the track. We did it for a kitchen splashback and it was ok for that job.

]]> a58e7b11b23ec56c2bd2893e1b13e2f7 https://www.propertyinvesting.com/topic/4393352-fork-in-the-road/#post-4588210 Wed, 28 May 2008 08:05:57 +0000 You could try out option 3, for the reasons Michael gave, and if it turned out too tight, switch to option 2 which is a very comfortable option but with less properties growing for you at this point in time.

]]> decfe74ff9197cff39e8a606473f7f90 https://www.propertyinvesting.com/topic/4393353-perth-guy-needs-some-advice/#post-4588213 Wed, 28 May 2008 07:41:14 +0000 They do say it will keep falling this year, maybe 5%. So it might be good to buy end of the year… however the negative forecasts may also mean there are less buyers out there – so may be some bargains around! Personally I would start looking once you have the deposit, look at a lot of places and get a good idea of value and if a bargain comes up…[Read more]

]]> e9ec9b7416a2c9205a33b067fafe3949 https://www.propertyinvesting.com/topic/4393347-property-investing-books/#post-4588189 Wed, 28 May 2008 07:33:14 +0000 Try Margaret Lomas, she focuses on positive cash flow properties.

]]> e50305e5177967b78e34a9ac77512ed1 https://www.propertyinvesting.com/topic/4393335-mining-jobs-in-western-australia/#post-4588118 Wed, 28 May 2008 07:28:55 +0000 My brother did a truckdriving course, then moved to Newman (mining town) and got a job with a labour hire agency. It would be good if you could get a truckdriving license. Or ring some labour hire agencies to see what they can offer. It can take a while to get "in" to mining – they are good jobs.

]]> ad3033c63daa51c442bf89e65589fc51 https://www.propertyinvesting.com/topic/4393336-to-buy-now-or-wait-12-months/#post-4588119 Tue, 27 May 2008 13:13:57 +0000 If you can afford the costs, as well as your living costs and your other property, I would do it. If you hold it long term then even if it goes down for a couple of years it'll come back up and a few years after that you'll be laughing – while those who are worried about buying still haven't bought. Obviously do your research and try to buy in a…[Read more]

]]> 95962107a0ebb0460475cb83a1cf479e https://www.propertyinvesting.com/topic/4393315-inner-city-apartments-leased-to-hotels-seems-too-good-to-be-true-whats-the-catch/#post-4588034 Tue, 27 May 2008 11:42:27 +0000 The catch that worries me, is if the hotel goes broke, you are left with a room in a building with no services worth very little. I'm not sure if there are other issues.

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