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Thanks for the input everyone. Jenni, I think your explanation is closest to the agents'. However I still don't understand how this is a fair arrangement. Rent is being paid weekly by both tenants, so that doesn't vary. And the agent is paying us on a fortnightly basis, and that doesn't vary either. The only thing that varies is the management fee. Is this standard across all agencies? We are currently with The Professionals.
My advice would be to do your research. Check out median house prices, rental prices, vacancy rates, etc. Your own back yard is not necessarily the best place to invest. As a project pick another couple of suburbs and even another couple of towns with houses in the price bracket you can afford. Compare them all thoroughly. Have fun!
I am about to leap off the cliff and into property in Cairns. I would be pleased to hear if anyone has up to date info about good PMs in Cairns.
I also had Intralase, like bundyanimal, in Brisbane. My proceedure was done about a year ago, and like most people, it has been an extremely positive experience. Watching the video about the op was by far the worst part! This was a simple, painless proceedure with exceptional results – I can’t imagine wearing glasses and contacts again. I am in my early 40’s and do notice that I hold a book or newspaper slightly further away than I used to. This is not a problem to me, and certainly I do not require reading glasses yet. I was well aware of this possibility when I chose to have the procedure done and figured it was much better to use reading glasses occasionally, than the glasses for my shortsightedness constantly. Life is short – go for it!
