https://www.propertyinvesting.com/members/trustieone/activity/ Activity feed for trustieone. Sun, 12 Apr 2026 22:24:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 687b82493d1009d74f1503183f62c407 https://www.propertyinvesting.com/topic/4399487-rental-return-wetherill-park-sydney/#post-4621832 Mon, 03 May 2010 12:50:55 +0000 Thanks for the replies folks, todate I will work on or near the 6%  ROI  figure, I came to this conclusion after seeing what defence housing is offering which is anything from from 4.2% to a maximum i can find of 5.3%  ROI which for an investor is  on the low side to my way of thinking, I know they find the tennant and do some new carpets and p…[Read more]

]]> 53f4a2b4788725fd61847fe9dbe2aa00 https://www.propertyinvesting.com/topic/4395858-hotel-managed-properties/#post-4601703 Sat, 06 Jun 2009 08:59:56 +0000 andrewbeech wrote:
They can be worthwhile or they can be trouble …. I would suggest trying to only buy these on the secondary market as the developers usually try to price the cost of the higher return into the off plan purchase price. If possible try and get the figures for the "actual" returns the room would have netted if it wasn't on a…[Read more]

]]> 7ff0ae5cda40294e412925c3a3d657b9 https://www.propertyinvesting.com/topic/4394652-defence-housing-2/page/2/#post-4595256 Sun, 01 Feb 2009 09:19:45 +0000 pitto wrote:
Just an update, our valuer came back with a rent of $525 per week,  that is $55 a week more than the DHA valuer.   It will be interesting to hear from DHA, frankly I don't know how they don't get embrassed when they get caught out like this.   They say that 99% of people are happy with their valuation, make that either happy, igno…[Read more]

]]> 99ee851e14cbd2b3fc9584a512a50a82 https://www.propertyinvesting.com/topic/4394652-defence-housing-2/page/2/#post-4595254 Wed, 14 Jan 2009 08:49:20 +0000 I am looking for an investment property,something that makes me money, if you do your due dilligence i am sure you will find this type of investment is very poor and you will have to find money from your own pocket for many many years fter you sign up even allowing for rental income..However they must have a large marketing budget and a good…[Read more]

]]> 2671e2d4b6e3be2b6f735e3ca07f08d3 https://www.propertyinvesting.com/topic/4394913-wanted-compentant-tax-account-ip-knowledge/#post-4596591 Fri, 12 Dec 2008 11:59:48 +0000 Thanks Terry,I will look into them, they are not too far away either at Norwest .Have you used them yourself ?Trustie

]]> e1934f1ae3c65238d08317b8ff220dfd https://www.propertyinvesting.com/topic/4394652-defence-housing-2/#post-4595236 Wed, 10 Dec 2008 11:47:48 +0000 I recently attended 2 auctions 1 in Canberra & 1 InSydney Nov 08Wespac was selling a portfolio about 73 DFA properties in total, i attended these auctions but not before making many enquiries to the Various Ray White agents where some of these were located the agents gave me the impression (possibly just to get me there) that the yeilds may be b…[Read more]

]]> ac1abdf7e841a5aa52fcb8c6f9a89109 https://www.propertyinvesting.com/topic/4394652-defence-housing-2/#post-4595233 Wed, 05 Nov 2008 11:42:29 +0000 Glenn1964 wrote:
The DHA investment homes are something I have tended to stay away from.In particular, one of the aspects of these investments is that rent is 'reviewed' annually and (apparently!) will never go down – only up based upon fair market rent.Sound okay!  Right?However, consider that most of the adjacent properties are also DHA homes…[Read more]

]]> 2707f6e9af4e690eea250c31df9ccdad https://www.propertyinvesting.com/topic/4394614-property-investment-in-hobart/#post-4595064 Tue, 04 Nov 2008 07:08:36 +0000 Futzy,If you purchase the Oct 08 edition of Australian Property Investing magazine on page 118 there is very detailed information on every suburb in Tassie ie grothe last 10 years, grothe last one year, number of properties sold last year, the median selling price.For the sake of 7-8 dollers you will get a very good look at how all the Tassie…[Read more]

]]> 1654b6f3b5a0ff0351a9cf24e6d2d450 https://www.propertyinvesting.com/topic/4394448-1st-home-owner-grant-to-double/#post-4594240 Tue, 14 Oct 2008 09:36:32 +0000 Not sure if i am able to get this extra grant or not, I paid .25% to the agent to hold the property,  my 10 day cooling off period expires tomorrow, i have not yet paid the full 10% deposit.So any views as to whether i might get this extra $7k  grant.

]]> c9dbb7eb089c1f5ba289c1d9d3f10948 https://www.propertyinvesting.com/topic/4394441-depreciation-schedule-needed-2/#post-4594151 Tue, 14 Oct 2008 02:37:16 +0000 Thanks for the replies Opportunity & RichardI spoke to both companies you guys mentioned and both were helpful, however we will go with BMT as the person i spoke to  (Mitchell) was really trying extra hard to assist me.

]]> eacd7659ffe0bcced5644d8e1795b664 https://www.propertyinvesting.com/topic/4394441-depreciation-schedule-needed-2/#post-4594150 Tue, 14 Oct 2008 02:32:37 +0000 opportunity wrote:
Contact a quantity surveyor for the depreciation schedule.  BMT & Associates (ph92416477)have been recomeded by my accountant.  Never used their services or not sure if the phone no is correct.Opportunity

]]> 4bc02fe2ad761ab02798caaf102fa2c9 https://www.propertyinvesting.com/topic/4392995-asbestos-roof-3/page/2/#post-4586050 Fri, 12 Sep 2008 05:52:25 +0000 Jayson            Thanks for your detailed reply,I will certainly take on board all your advice,i can assure you i would never use an unlicenced person to remove the A/C roof sheeting on any project i undertake.I too have had asbestos clearence tests taken in the past where the air is monitored during removal of asbestos,and again on the comple…[Read more]

]]> 6150b98142cf9a64d91d9d4bee2aef07 https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586049 Fri, 12 Sep 2008 05:46:03 +0000 mackers wrote:
 Hi trustieone Being a person who is a, A CLASS prescribed license holder and an a class license holder in his own right I would advise that you go to a hygienist company such as Queensland audits, Noel Arnold and associates, Queensland laboratories or Parsons and Brinkerhoff and ask them to do a report upon the stability and…[Read more]

]]> c1ecb2d0488e399c4ed5333ee36407ac https://www.propertyinvesting.com/topic/4393624-bank-wont-tell-me-valuationwhy/#post-4589693 Fri, 04 Jul 2008 22:37:19 +0000 Scott,they were the reasons given by the btoker,he is now looking for another lender,somehow i think i am being misled along the way.Because of the above reasons they feel if i get into financial trouble they will have difficulties selling the property because of its uniqueness,ie 2 flats,and asbestos roofing etc.

]]> d5276208990eaf06a752e6e59890688b https://www.propertyinvesting.com/topic/4393624-bank-wont-tell-me-valuationwhy/#post-4589691 Fri, 04 Jul 2008 12:29:38 +0000 Always a hurdle somewhere, this has come completely out of the blue. My broker now tells me the lender  (ING) that their insurance underwriter will  not take on the property as it is outside their risk profile, to date my loan was approved, with the bank ING & was happy with the valution from the valuation company, feedback from the broker is they…[Read more]

]]> 491a68f5bec0bd688dc1f37b021cef19 https://www.propertyinvesting.com/topic/4393624-bank-wont-tell-me-valuationwhy/#post-4589688 Tue, 01 Jul 2008 11:30:00 +0000 During the loan application i asked the broker would i be able to get a copy of the bank valuation, and even at that time he had doubts that it could be obtained, the lender is ING so i dont know if it is the normal practice not to show it to the new owner.I will insist further for it as i truly feel everything should be out in the open.Is this a…[Read more]

]]> 497d020ab02a499b8ec17cde1afebd50 https://www.propertyinvesting.com/topic/4393256-flatpax-kitchen/#post-4587632 Mon, 30 Jun 2008 23:38:24 +0000 CORHIGIf you google Sizewise a carpentry company called this name is located in Townsville,this maybe what you are after.Good Luck

]]> 50fb1dcf15dd68a9ce770ec821a46ddc https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586047 Tue, 17 Jun 2008 09:58:25 +0000 Hi Rabbits                  The asbestos sheeting in bathrooms or anywhere else on a property is usually fine, just never grind it or drill holes in it, just avoid any thing that makes dust with asbestos/fibro sheeting .I too have removed it over the years and if you keep it intact all will normally be ok.If you do need to work with it just wea…[Read more]

]]> 082db6ddb97bd484f7876b4e8207d292 https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586045 Tue, 17 Jun 2008 04:57:52 +0000 Hello Mick & others                  Finally my daughter has bought the property,all appears to be good and no surprises to come hopefully, it is showing a gross rental return of 7.19% and is in the Lake Macquarie shire not too far from the lake and shops etc.As this is my daughters first IP she is a little nervous but also relieved to have fi…[Read more]

]]> c8e23924f06dc4aa98cf51a9e4753e8a https://www.propertyinvesting.com/topic/4393503-in-room-auctions/#post-4589004 Mon, 16 Jun 2008 10:49:45 +0000 Hi JmanI attended an off site auction last week at Charlestown NSW (near Newcastle) it was held in a funtion room at a large hotel,i understand they use this venue for all their commercial auctions (Ray White).They had a mix of about 12 properties for sale residential, commercial etc but only one "garage conveinience store" sold on the night, a…[Read more]

]]> 763dfb95282bad6fba8f1fb51b87224f https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586042 Mon, 05 May 2008 06:55:15 +0000 Not far from settling on this property, just waiting for the Real Estate to get back to me re my final offer, any comments on the above questions are still welcome.This is a great site for knowledge, I just love it.Thanks everyone

]]> 17343c09e120af8bf8eeda78af2b9781 https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586041 Sat, 03 May 2008 07:44:24 +0000 Re my last post aboveCouncil now tells me (a different Town Planner)  all is ok with this property and everything on the site is approved as it stands today.Its amazing you know, you ring these places (councils) for clarification and many times you get conflicting answers, this can be a difficult process at any time without getting the wrong i…[Read more]

]]> dfcf3342ca0fa63168cf00e60a60ecd9 https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586040 Sun, 27 Apr 2008 10:22:36 +0000 Thanks Bob, Scott, AAqYour replies are very much appreciated.It now appears from further research that this property is zoned for its current use (dual occupancy) however the building has not been council approved to use it in this manner ie 2 flats, it also seems that it has been this way for 10-20 -30 years by consecutive owners just letting it…[Read more]

]]> 0db4aff08dabba4d797a8a6a5656fa7b https://www.propertyinvesting.com/topic/asbestos-roof-3/#post-4586033 Wed, 23 Apr 2008 10:38:05 +0000 BuilderBob wrote:
My dad just died from Asbestos so please be very careful.Asbestos in the home can kill! I've owned property with asbestos roofing and found it difficult to re-sell .I'm unsure what state you are in but I'm fairly sure they have set a time period for all asbestos roofing is to be removed in QLDI know commercial property has a…[Read more]

]]> 99c9a90a7f5e8b38317b259b87ace48d https://www.propertyinvesting.com/topic/4392915-forming-a-company-2/#post-4585719 Mon, 14 Apr 2008 21:32:02 +0000 masond wrote:
Hello everyone,First off im young and this is just the start of my homework so please bare with me. Situated in W.A and attending uni, at the moment I don't have enough income to support loan repayments so i have a 3 year plan. This involves finishing my degree in commerce and business law hopefully have 20/30k saved and then h…[Read more]

]]> 7b716ddb7323289363d26bce0d3573e8 https://www.propertyinvesting.com/topic/4392863-property-trusts-4/#post-4585548 Sun, 13 Apr 2008 05:49:07 +0000 Thanks d_angstestra for you imput too,did Chan & Taylor elaborate why a trust should be set up in the begginning?At the end of the day there must be a more "correct" way to begin this venture that will give asset protection and liability protection.obviously cost are a concern but protection to me is a bigger concern. (but not at any costs…[Read more]

]]> 655d87040a9331e08e5114f96c50a961 https://www.propertyinvesting.com/topic/4392863-property-trusts-4/#post-4585545 Fri, 11 Apr 2008 20:07:15 +0000 So is there a right or wrong way to hold several properties to maximise your returns and reduce your exposure to liability/ risk, or is it not clear cut because of so many variables.With so many people holding many properties in their portfolios i wonder how they /most would approach this situation.Thanks for your valuable imput Terry.

]]> 67005bf7e1cd836861bc7e10402b1d6e https://www.propertyinvesting.com/topic/4392863-property-trusts-4/#post-4585543 Fri, 11 Apr 2008 07:08:14 +0000 Terryw wrote:
HiIn NSW Land Tax is 1.6% of the land value. Individuals get an exemption on the first $350,000 (approx) of land. But trusts don't get this exemption (except special trusts such as some unit trusts). So if you have a $350,000 property (land value) in a trust it will cost you $5,600 per year extra. That is a lot of money.Trusts need…[Read more]

]]> ab71692aa1095dfc1ce8c73d31c4f30d https://www.propertyinvesting.com/topic/4392863-property-trusts-4/#post-4585541 Thu, 10 Apr 2008 09:44:13 +0000 Terryw wrote:
1. yes2. no – depends though on who you use3. accountantOther things to think about:a) trusts often have to pay much more land taxb) Losses cannot be offset against your personal incomeTerry  Do you know how much more the land tax rate may be (percentage terms), i am interested in NSW only, Do i assume that the trusts accounts are…[Read more]

]]> ca4af1eb6e207325421628b18604b434 https://www.propertyinvesting.com/topic/4391814-buying-next-door-2/#post-4579538 Wed, 16 Jan 2008 10:52:10 +0000 Thanks Millions for that Information and i will certainly follow up the links you sent.Being  only a few minutes to existing railway,buses,and freeways and Parramatta city & Westmead Hospital makes me think that as time goes by, the more land means possibly more accomodation will be needed for this area ,and i suppose the fact that a neighbour is…[Read more]

]]> 086c1f1db6a4f9c9ed14555e1d5d1f5a https://www.propertyinvesting.com/topic/4391814-buying-next-door-2/#post-4579537 Tue, 15 Jan 2008 22:03:57 +0000 Thank you Tammy & Lalibella & previous posters.It was good to know that Pendle Hill may get a 7% grothe rate in this upcoming year, i was a bit concerned about the grothe because of the recent/predicted slump in house prices in Blactown  which is a nearby suburb , and some other outer Sydney suburbs are also tipped to struggle, I said rent of $400…[Read more]

]]> 2fa72173e69b9289930540b1225d4ec0 https://www.propertyinvesting.com/topic/4391814-buying-next-door-2/#post-4579534 Sat, 05 Jan 2008 19:56:54 +0000 Thanks for the replies folks, I read them with great interest.If land is the thing that appreciates over time and my daughter can get a fair return from this next door property with its granney flat as well , it seems to me buying it will be a good investment as each block will gain off each other because they have a bigger land area 1600m2  …[Read more]

]]> 62878b732cd99ca72a5ffbd88746aca9 https://www.propertyinvesting.com/topic/4391814-buying-next-door-2/#post-4579531 Sat, 05 Jan 2008 02:12:13 +0000 Thanks TammieYour reply was welcomed very much, I will speak to my council  and find out the zoning, at the moment around me exists mostly town houses,villas,duplex type buildings.If the place is rented my daughter will be fine with some debt if it means some gains down the track.It is very difficult to get into the market if you are young even t…[Read more]

]]> ae6c3f1255f5a7285b81f2a15e16ccec https://www.propertyinvesting.com/topic/4391814-buying-next-door-2/#post-4579530 Sat, 05 Jan 2008 02:06:31 +0000 tammy wrote:
Hi Trustie,Just a few thoughts. What is the zoning of the blocks? You can find this out from council who will also be able to advise the density level (ie how many per area). This will help evaluate the development potential. Have a look at what is currently being developed in your area, what sale prices the end dwelling are…[Read more]

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