Forum Replies Created
Hi
You will need to find out first whether your unit is on a building format plan or survey plan – that's important for determining where the common property boundary is.
Water leaks and water proofing are big issues in body corporates in qld. From your description I would argue that the body corporate i.e. strata are liable for the leaking roof and also for all damages which flow from that. Assuming that the missing roof tiles/leaking roof tiles led to your damp ceiling then the body corporate should be paying for that out of their sinking fund.
Roof leaks, if not treated, can cause significant issues especially with tenants and the loss of rent. If you have not already – start setting out your issues in writing to the body corporate. Take photos and keep records of your attempts to chase them.
Here is a recent District Court decision you might find handy when dealing with the body corporate: http://www.austlii.edu.au/cgi-bin/sinodisp/au/cases/qld/QDC/2010/70.html?stem=0&synonyms=0&query=magog
best of luck!
Have you read the book?
Theres only one example of how he bought the house for a dollar.
I'd like to know how he keeps the cash flow going?
Hi Corie,
I did mine myself.
I got all the instructions from the paint company and one of them even offered free spray hire with the paint.
I also hired a decent Gerni. My domestic one simply took to long.
The two lessons I learnt quicky was : Water makes your tiles slippery, use caution/ fall arresting equipment.
Dont paint yourself into a corner with out a ladder.
That Mt View estate is in the newer section. It runs from the back of redbank plains across whites hill towards swanbank. Swanbank currently has a coal powered power station in it. I work for the local power authority and we have just done a large upgrade on the substation that provides electricity to that area.
From those upgrade maps I can tell that the development will be going on for years to come.
My concerns are an over supply in the market, but as I said earlier, if your happy with negitive gearing and depreciation its not a bad block of land.. with nice views of the mountain.
Hi Brokota,
Saying Redbank plains is a fairly vague statement. There are a number of good and bad areas within Redbank Plains. Do you have a specific place you are looking?
Redbank Plains has been a suburb that I was formally looking at.. I live about 20kms from the suburb. In my research I found the older areas are predominantly low socio demographic, a lot of immigrants and single parents with kids. There are some areas near the creek that aren't classified as flood areas however water can go inside houses.
Rent returns aren't to bad. I was looking in the 220k- 250k market and they were returning around the $300/week mark.
Much of that area is undermined many years ago and maps are just not available.. There was a collapse a few years ago and a whole street was resumed.
In the new areas of redbank plains, around whites hill etc, Houses are much nicer, often brand new. There is a large amount of development going on and plans to go on for a long time as there are a few mines opening in Ipswich. If you don't mind negitive gearing this could be one option but in my opinion, there will be an over supply in the area for sometime.
These house were priced 400-450k and were achieving $380 to $450 per week. I'm sure prices and rates have changed otu there since I last looked, so please take this info as my experience.
Hope this helps.
Seqel.
what do they offer Steve?
Hi property beginner,
I notice that you haven't provided any evidence to support the 20% claim.
You cant base you decision on someone's Claim/opinion.
Have you also been given a break down on the costs of running the business?
20% is a big claim, and I understand your interest, but no one I know makes anywhere near that profit margin.
Another issue I see is if you intend to borrow money for the investment, there are not many australian lenders that will give you the money for international purchases.. ie security is just simply to hard. (Correct me if I'm wrong all you lending ppl)
Seqel
Hi Ppls,
Does anyone else think that we should we should be pushing our tenants to be paying the entire water bill? ie the water usage as well as the connection fee?
I get that the landlord needs to maintain the connection but everybody has to poop why is it the landlord that has to pay the connection fee? We dont pay for their telephone connection or their electricity, why their sewer?
JUst a thought, I'm interested to here any arguements for and against.
Thank you everyone,
I'm in Brisbane. I can tell you that my carpentry and painting is certainly improving, not so much because I want it to but simply because I cant get the help..
The reason I got the painting quote this time was simply speed, Time is a bit precious atm.
Hi Everybody,
Thank you for all the posts, its interestin to see what everybody is up to and how they are doing it.
My question is in relation to building networks, How is everyone doing with this?
I often ring carpenters etc for quotes and they dont show or give amazing high quotes (in my opinion),
Whats the going rate for basic things like painting.I have a 3 bed 1 bath Highset fibro house as one of my properties and got quotes to paint the inside from $3000 to $4400.
To me this sounds excessive. Another time I wanted to do a small extension, This required packing the joists, reusing the existing windows etc, putting in 2 beams, mixed hardwood floors etc. The extention was just under 10 square meters and the only chippie that turned up wanted $14500.Cheers
SimoIs this what others are paying?
