we would very much love to catch up, as that’s where our next property efforts are going to be focused. We are based in Wollongong though. But we do come to Sydney every Sunday. Alternately we could have a zoom chat…
Perhaps my question is naive, may I pls ask how you got this: “For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat.”?
PS: Figured it out, could not delete the post, so here’s the PS.
Thank you Tony. Noted your response. In what ways would you say it is an opportunity? Unless one were in asbestos audit/removal such as yourself (and therefore have the expertise to not be scared by the A word:) I would say it is a scary one…so when you have a moment, could you please elaborate on the opportunity side. Very happy to call, but I…[Read more]
Thank you for initiating this thread and taking the time to respond to questions. Following on from your response to Joanna, if there is a house that is on sale, built in 70s, has asbestos sheet in the wall, and the agent says, few holes in the wall that need to be fixed…does it mean that it is currently in a hazardous state?
sandhya replied to the topic Calculating return of investment, watch out for tax. in the forum General Property 10 months, 1 week ago
Thanks for bringing home the point on distributed profits vs profit in a single year.
As long as insurers are willing to insure flood areas/properties, initial reaction is likely to be #1 (bit like when covid hit in early 2020 and there was lull), but would move to #2 between 1-2 years as people realise opportunities in the problem. Of course this is subject to funding situations in the market, building approvals and other factors
Thanks for the post about the house – you will need to see the holes- Real estate agents tend to understate the problem- if it is just a couple of small holes then they just need sealing or patching. If its big holes with sheeting debris this may be a bigger problem. All houses built in the 1970s in Australia will have some type of asbestos in…[Read more]