PropertyInvesting.com | skuz | Activity https://www.propertyinvesting.com/members/skuz/activity/ Activity feed for skuz. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9a0c5326d1bbd32bb7e22d666bc34d8a skuz replied to the topic which area is good for living ?? (Melbourne - Victoria) in the forum Help Needed! https://www.propertyinvesting.com/topic/4396043-which-area-is-good-for-living-melbourne-victoria/#post-4603002 Wed, 29 Apr 2009 13:12:34 +0000 units4me wrote:

Cargill wrote:
You say you would prefer the south or southeast of Melbourne. Can you say why? Virtually all of the resources of the city are north+west of the Yarra River – commerce, entertainment, transport, hospitals, education, shopping, arts, etc – very few of these are out south or southeast. There isn't really a…[Read more]

]]> aac3041926040066b99540770ca97fea skuz replied to the topic which area is good for living ?? (Melbourne - Victoria) in the forum Help Needed! https://www.propertyinvesting.com/topic/4396043-which-area-is-good-for-living-melbourne-victoria/#post-4602995 Mon, 27 Apr 2009 12:15:13 +0000 Keilor Downs/Taylors Lakes are about 14km from the city. Lots schools, shops and only takes about 15-20 min to get into the city via the tulla. Very low crime rates in the area and houses re relatively new. However for 300K you're probably more likely to get a large unit instead a house. Closer to the 350K mark you'll e able to get a nice house…[Read more]

]]> 5a67c6d863ed5a6af35ab5fef7cb5546 skuz replied to the topic Buying houses with diamonds in the forum It's also very hard to get a https://www.propertyinvesting.com/topic/4395963-buying-houses-with-diamonds/#post-4602247 Wed, 15 Apr 2009 01:15:05 +0000 It's also very hard to get a valuation for diamonds. It depends on a lot of different things. The weight, the clarity, the cut etc etc. Any one of those things can either increase or decrease the value of he diamonds. Gold or even silver on the other hand is straight forward. You just have to weight it and you know the value.

]]> d5b81b18dfc60104db1a8bb823ee9071 skuz replied to the topic HELP NEEDED on property development in the forum Wow, sounds like you got https://www.propertyinvesting.com/topic/4395983-help-needed-on-property-development/#post-4602358 Tue, 14 Apr 2009 02:15:10 +0000 Wow, sounds like you got lucky and a lesson well learnt. If I was you I would continue looking at things that you can develop and what it is going to take and cost to develop. Most importantly, try and find out how other people have f#cked up. It'll just better prapare you when you get an oppurtunity to do it yourself. In my planning I am making…[Read more]

]]> 81642b57b96896ff3e009f094e943c23 skuz replied to the topic When to Buy? Will prices continue to fall in the near future? in the forum We're definitely in a rough https://www.propertyinvesting.com/topic/4395959-when-to-buy-will-prices-continue-to-fall-in-the-near-future/page/2/#post-4602229 Tue, 14 Apr 2009 02:03:55 +0000 We're definitely in a rough ride at the moment but I still think Australia is much better positioned than most of the western world. So the devastating housing chrisis in the US and massive price dive in the UK will not happen here. I would expect a very moderate decline in house prices by the end of the year. Possibly between 5-10% overall…[Read more]

]]> d3546b8c806b9eec450e89948144c9d3 skuz replied to the topic HELP NEEDED on property development in the forum You don't have to "move https://www.propertyinvesting.com/topic/4395983-help-needed-on-property-development/#post-4602356 Tue, 14 Apr 2009 00:41:19 +0000 You don't have to "move quick". Relax and take a deep breathe, Lol.You obviously haven't been looking at properties with a serious intention to buy for a very long time. If you did you would have had your finances sorted out and you would know exactly what you're getting yourself into. Besides, it's not the last good deal to ever come along. In…[Read more]

]]> 72ed775b438906f711d32104f14c197c skuz replied to the topic Too many renovated properties - better off to sell as is. in the forum General Property https://www.propertyinvesting.com/topic/4395957-too-many-renovated-properties-better-off-to-sell-as-is/#post-4602192 Mon, 13 Apr 2009 15:21:51 +0000 SHale, is this house in a new estate or an established area? I assume the house is in an established area which doesn't have many renovated houses. A high number of renovations usually takes place in areas where urban gentrification is taking place and the main factor that is driving up house prices is the fact that the suburb is becoming a more…[Read more]

]]> c09159b7179d188a2c7311bcbf692fe3 skuz replied to the topic Young first home buyer needs serious advice from experts in the forum Help Needed! https://www.propertyinvesting.com/topic/4395976-young-first-home-buyer-needs-serious-advice-from-experts/#post-4602314 Mon, 13 Apr 2009 15:08:02 +0000 Hi Mliew, So your thinking about a shift from Oak Park to Noble Park? That's a pretty big leap across town, well for me it would be since I'd be totally separate from all my family and friends. Would you be as comfortable with this move compared to where you're living now? You mentioned that Noble Park will be a major activity centre in the 2030…[Read more]

]]> 581bed104d60c1ec22966535e18e5267 skuz replied to the topic Too many renovated properties - better off to sell as is. in the forum General Property https://www.propertyinvesting.com/topic/4395957-too-many-renovated-properties-better-off-to-sell-as-is/#post-4602190 Sun, 12 Apr 2009 23:56:25 +0000 I think there is also an "emotion" factor when people go to bid on a house. Some people just want  particular house that badly that they are willing to pay almost any price to get it even if they know they are paying too much. From my experience in going to a fair few auctions over the past few months it is typically the houses that are on nice…[Read more]

]]> d4243ded4fae0e453b3ce71de870d4b7 skuz replied to the topic Re Directing the sewer line to build units in the forum Value Adding https://www.propertyinvesting.com/topic/4395910-re-directing-the-sewer-line-to-build-units/#post-4602029 Mon, 06 Apr 2009 12:55:17 +0000 Also, I have never enquired to a council about moving main sewer lines but I would imagine it would be a definite no no. and even if you were to pay for the works yourself I reckon it would be in the tens of thousands of dollar.

]]> c22e1e4706c0e24d7e1359f46afd2db1 skuz replied to the topic Re Directing the sewer line to build units in the forum Value Adding https://www.propertyinvesting.com/topic/4395910-re-directing-the-sewer-line-to-build-units/#post-4602028 Mon, 06 Apr 2009 12:50:57 +0000 I would stay away from the house if your planning on utilising it for units. Look around and you'll eventually find plenty of properties that don't have easements running through the block. By the sounds of things there is no way of building units with the sewer lines in their current position. You'd be better off paying a little extra for a block…[Read more]

]]> 80a5e0e3286f60825b1ac45c3e047fdd skuz replied to the topic Scam in the forum This sounds like a scam! https://www.propertyinvesting.com/topic/4395886-scam/#post-4601923 Fri, 03 Apr 2009 03:18:00 +0000 This sounds like a scam!

]]> 5cb638ba851656a9681c5f9862431be0 skuz replied to the topic Where the markets at in the forum I was actually at an auction https://www.propertyinvesting.com/topic/4388763-where-the-markets-at/#post-4563709 Fri, 03 Apr 2009 01:39:11 +0000 I was actually at an auction last week in the old/original part of Kensington. A very nice 2 bedroom house got passed in at $360K and sold immediatly after the auction, presumably for $380K-390K. The house was already getting $350 per week rent and could probably be boosted up to $370 or $380 with a new kitchen and some minor cosmetic works…[Read more]

]]> a59e3a3f31159de68a3dc0c337683862 skuz replied to the topic Possible termite damage - is it still a good buy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395870-possible-termite-damage-is-it-still-a-good-buy/#post-4601770 Thu, 02 Apr 2009 02:42:37 +0000 What about stumps that have been eaten out by termites? Are they also bouncy or do they remain strong? I'm not sure whether there are any tell tale signs by looking at the condition of the inside of the house, but this house seemed like it was in pretty good condition internally. No cracking in the walls and the floors seemed reasonably even for…[Read more]

]]> fb98ae9ebc49c9479300eb1809c3538f skuz replied to the topic Possible termite damage - is it still a good buy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395870-possible-termite-damage-is-it-still-a-good-buy/#post-4601768 Thu, 02 Apr 2009 02:05:43 +0000 I have just looked at a few pictures on Google and I would say that it is probably closer to termites I think. There were small cavities throughout the weather board. It looked like termites had dug tiny tunnels throughout the wood. Does dry rot look like this or does it have different characteristics.

]]> 767d3994a91502e9d9231d60b96dba82 skuz replied to the topic How much does it cost for a full reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4395822-how-much-does-it-cost-for-a-full-reno/#post-4601518 Mon, 30 Mar 2009 04:00:49 +0000 crashy wrote:
offer your services for free to other people doing renos, get work experiencealso try to get a job as a trades assistant for a tradie

I've actually thought about doing this but I would be restricted to only working on weekends as I have a full time job throughout the week. Not sure if tradies would even need anyone just on…[Read more]

]]> f425267a3579449237e34b6e63c0effb skuz replied to the topic How much does it cost for a full reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4395822-how-much-does-it-cost-for-a-full-reno/#post-4601515 Fri, 27 Mar 2009 12:25:26 +0000 Hey guys, really appreciate your responses. My aim is to buy something that does require a basic cosmetic enhancement, however it does expose me to additional competition from other buyers as there will also be a sizeable pool of people that will also be prepared to do the same thing. I have been inspecting properties and researching houses for a…[Read more]

]]> 7550b159853eb8e3fe3c09b4ab66b663 skuz replied to the topic Footscray, Seddon or Yarraville in Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4395441-footscray-seddon-or-yarraville-in-melbourne/#post-4599376 Sat, 28 Feb 2009 12:12:05 +0000 I don't have an investmet property in these areas, nor have I lived there but I have been watching these areas closely over the last 9 years and they have had exceptionally good capital growth. I think Footscray and West Footscray are priced around the same as the Melbourne median price while Yarraville was once well under the melbourne average…[Read more]

]]> 8c601a091f69f000935ade0b6cb51cbe skuz replied to the topic Can I eliminate LMI? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395517-can-i-eliminate-lmi/#post-4599893 Wed, 25 Feb 2009 11:35:48 +0000 god_of_money wrote:
I don't think it will be going up by 5-10% in the next few years.. in fact the opposite or stagnant.

I was thinking the exact same thing! The buyers have all the power in this market. As much as I'd hate to pay LMI, I would probably go through with a buy if I thought it was an incredibly good deal with the potential to…[Read more]

]]> 8c69001cfc595c0c98a0ea3744c96d1d skuz replied to the topic Can I eliminate LMI? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395517-can-i-eliminate-lmi/#post-4599889 Tue, 24 Feb 2009 08:42:45 +0000 ^^^That sounds like a very awesome deal indeed. Good work dude! I'm being as vigilant as I can in my property research. i'm looking at all the factors you have mentioned but still haven't come across anything that isn't a pretty standard deal. Another main factor I'm looking into is rental income. My target is 5% of the property value each year,…[Read more]

]]> 21220c59462b6d7fa4bd40599e72ada9 skuz replied to the topic Can I eliminate LMI? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395517-can-i-eliminate-lmi/#post-4599887 Tue, 24 Feb 2009 07:37:14 +0000 Unfortunately for me I live in Victoria and the government hasn't waived the stamp duty for first home buyers. However, we do get a $3,000 boost I will keep that in mind when I purchase a property. However, trying to find a great deal in the inner west of Melbourne which is a high growth area is no easy task. My parents got a good deal on a…[Read more]

]]> 1b6e426de582f2a32027651bdfe85363 skuz replied to the topic buying off the plan in the forum Help Needed! https://www.propertyinvesting.com/topic/4395511-buying-off-the-plan-9/#post-4599825 Mon, 23 Feb 2009 12:46:14 +0000 I'm also looking at some properties that are off the plan but it just seems like the stamp duty saving have simply been added onto the price of the house in order to maximise the builders profits. I reckon it really depends on the property you're buying. I've seen older (5 years old)  2 bedroom units in Melbourne's inner west selling for around…[Read more]

]]> e1d466ea82e1a6869f95673aacfad4ef skuz replied to the topic Is this a good strategy? in the forum Finance https://www.propertyinvesting.com/topic/4395486-is-this-a-good-strategy/#post-4599680 Fri, 20 Feb 2009 05:58:06 +0000 hbbehrendorff (interseting name), I can see where you're coming from. Your strategy is safe and reduces or perhaps even eliminates risk altogether. I understand that speculation can sometimes be a dangerous game when it comes to the property market and any other wealth creation activity, however I think if logical steps are taken debt can be used…[Read more]

]]> 82a74c7b713f4f99be2cdd519e97b3f6 skuz replied to the topic buying property on main road in the forum Help Needed! https://www.propertyinvesting.com/topic/4395386-buying-property-on-main-road/#post-4599166 Wed, 11 Feb 2009 06:09:23 +0000 I'm debating the exact same thing. I could go with a smaller newer property on a smaller parcel of land or a larger much older porperty that probably needs some work done to it although comes with a large block of land. I would like to sub divide the land, possibly have three subdivisions from the one block of land, but I don't think I would have…[Read more]

]]> 16ef335255953292af23de68c4f8b635 skuz replied to the topic Should my parents re-finance? Variable loan to offset loan? in the forum Finance https://www.propertyinvesting.com/topic/4395372-should-my-parents-re-finance-variable-loan-to-offset-loan/#post-4599127 Tue, 10 Feb 2009 11:26:21 +0000 They don't have any non-deductible debt except a very minor credit card balance. Probably $500. If CBA doesn't have a fully transactional offset account is it possible to just have all their day to day funds be in like a streamline account and then they can deposit whatever excess they have into the offset account?

]]> e7fda2de2f7ef4ed040e58c914ff102e skuz replied to the topic Should I borrow big or keep it small for my First home / Investent property in the forum Help Needed! https://www.propertyinvesting.com/topic/4395366-should-i-borrow-big-or-keep-it-small-for-my-first-home-investent-property/#post-4599092 Tue, 10 Feb 2009 05:30:41 +0000 That's a really good idea! Thanks islandgirl. I found the home loan formulas on the net and have generated a spreadsheet. (http://www.datadynamica.com/FinCalc/Fin3.htm)Is a maximum interest rate of 10% bleak enough for the next few years?Also, can anyone explain what the advantage of paying an interest only loan on an investment property is? If I…[Read more]

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