PropertyInvesting.com | xya | Activity https://www.propertyinvesting.com/members/xya/activity/ Activity feed for xya. Wed, 15 Apr 2026 00:13:23 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 130972f5d0e63b5ee0fab9bcfac55c34 xya replied to the topic Builder inspection before purchase? in the forum Value Adding https://www.propertyinvesting.com/topic/4401791-builder-inspection-before-purchase/#post-4635597 Wed, 10 Nov 2010 05:53:54 +0000 Thanks again for your reply, Scott. You've been a great help.

]]> 33eae58e814162e6f8b41cea02848627 xya replied to the topic Builder inspection before purchase? in the forum Value Adding https://www.propertyinvesting.com/topic/4401791-builder-inspection-before-purchase/#post-4635595 Sun, 07 Nov 2010 21:05:36 +0000 Thanks Scott, we'll do the building & pest inspection separately but the issue we have is to determine the cost of a future project. For example, we saw an old house on a large block of land in inner west Sydney and we're hoping to either renovate it and rent the house out or tear it down in a year or two and build a dual occupancy home (we can't…[Read more]

]]> 74b7c519053844714df67b46da1d1f9b xya replied to the topic Right of way dispute in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400623-right-of-way-dispute/#post-4628390 Wed, 21 Jul 2010 22:54:45 +0000 Yes, my strata is all up in arms about it after we recently saw their driveway that they are almost completing. So far, after our letters of complaints, the builder has agreed to meet with us but I'm worried that they may drag their feet to solving the issue until everything has been completed and they go off, leaving the new tenants to settle i…[Read more]

]]> 35bb42b418aca29c56e78233482e01df xya replied to the topic Right of way dispute in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400623-right-of-way-dispute/#post-4628386 Wed, 21 Jul 2010 03:07:42 +0000 Thanks, crj. Where can I get a copy of the deed title? From the NSW planning office?

]]> 7064bdd6185fc5ea931545168420ed55 xya replied to the topic Best tax outcome? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397962-best-tax-outcome/#post-4612325 Tue, 01 Dec 2009 20:47:57 +0000 crj wrote:
I'm sure that you are not expecting anyone to recommend that you break the law

Of course not., was half asleep writing it… It doesn't really matter if I continue renting out or not (although I'm aware that I should declare any rent received to the ATO),  as the rent received + tax claims are not looking too attractive now. I've man…[Read more]

]]> 477cac45d8f70022891d0c2bddb7a98c xya replied to the topic My son doesn't want to take responsibility, I failed to...........Help please in the forum General Property https://www.propertyinvesting.com/topic/4397904-my-son-doesnt-want-to-take-responsibility-i-failed-to-help-please/#post-4611829 Thu, 26 Nov 2009 10:32:41 +0000 I agree, I think your son is just not ready… no point forcing him. Also, why can't he apply for the loan under his name only to qualify for the FHOG?

]]> 3a15420141e2a9e871641e74415acf96 xya replied to the topic Has anyone use GK Strata or Premium Strata in Sydney in the forum General Property https://www.propertyinvesting.com/topic/4397535-has-anyone-use-gk-strata-or-premium-strata-in-sydney/#post-4610332 Tue, 17 Nov 2009 09:52:35 +0000 Thanks Re Lax & Scott, my partner just bought an IP and the strata manager there seems quite OK. Have yet to talk to the committee to get some feedback, but fees & running cost all seem pretty low, and the building seems well kept.

]]> 6eeb0c222c90b0bc7a3d9f00fb31a1d8 xya replied to the topic How does one afford a House in Sydney? in the forum General Property https://www.propertyinvesting.com/topic/4397787-how-does-one-afford-a-house-in-sydney/#post-4611395 Sat, 14 Nov 2009 12:01:55 +0000 Not sure if you're currently renting or owning a unit, but you could consider buying a 2 or 3 bedder unit first, rent out one of the rooms. After a  few years, you could consider turning it into an IP & get your house. I know of some ppl who started with units & slowly upgrading.

]]> acc0c8e34c3bba25a154ec3d3c33bcc6 xya replied to the topic Investing In Student Accommodation in the forum Creative Investing https://www.propertyinvesting.com/topic/4397652-investing-in-student-accommodation-3/#post-4610914 Wed, 11 Nov 2009 01:59:02 +0000 TCLinvestments wrote:
Most of them have rich daddies with very deep pockets.

That is a really bad generalisation. Some overseas students maybe rather well-off, but the many (I would think it's the majority) comes from middle income families who have sold/mortgaged their assets back in their home country. If economic situation in Asia takes a t…[Read more]

]]> b8b9924c2c3e0121ed574cda42f26681 xya replied to the topic Buying Deceased Estate in the forum General Property https://www.propertyinvesting.com/topic/4397728-buying-deceased-estate/#post-4611201 Sat, 07 Nov 2009 10:10:29 +0000 crj wrote:
What's the problem if the person passed away in the house? 

Asking whether the person passed away in the property is a common question asked by many whenever I go for inspections at deceased estates.

]]> 7bea402d7e78875e8fc6bde407f9a510 xya replied to the topic Property prices climb to six year high. Does that mean another interest rate rise? in the forum General Property https://www.propertyinvesting.com/topic/4397710-property-prices-climb-to-six-year-high-does-that-mean-another-interest-rate-rise/#post-4611146 Fri, 06 Nov 2009 09:39:05 +0000 Property prices isn't the only factor that RBA looks at when deciding on rates. You could see how other factors affecting economic outlook  are in the next few weeks, if it's mostly bullish & rosy news, then you can almost be assured of a Dec hike. From what I've heard, even if RBA do hike rates, it'll probably be in small steps of 0.25 each tim…[Read more]

]]> c686a380e132077159d81711c2901cb2 xya replied to the topic Getting rental guide in the forum Help Needed! https://www.propertyinvesting.com/topic/4397600-getting-rental-guide/#post-4610597 Fri, 23 Oct 2009 11:45:17 +0000 Thanks for the tip, Sonya.

]]> bfde287471da4040be793bae9453ce76 xya replied to the topic Large crack in building, still worth the gamble? in the forum Thanks for the advice Terry. https://www.propertyinvesting.com/topic/4397552-large-crack-in-building-still-worth-the-gamble/#post-4610404 Mon, 19 Oct 2009 05:41:20 +0000 Thanks for the advice Terry. Should I make an offer first and then get the strata & building inspection done, or the other way around?

]]> 95880eea469f44295c85ccb8b312afc3 xya replied to the topic Large crack in building, still worth the gamble? in the forum Hi Terry, Good point but I https://www.propertyinvesting.com/topic/4397552-large-crack-in-building-still-worth-the-gamble/#post-4610402 Mon, 19 Oct 2009 02:23:14 +0000 Hi Terry,Good point but I would assume that most lenders wouldn't bother with a site inspection? I was hoping to get some filler to patch the cracks & repaint the unit.

]]> 08a3e4e3ae5948ba374834ea54797b78 xya replied to the topic Large crack in building, still worth the gamble? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397552-large-crack-in-building-still-worth-the-gamble/#post-4610400 Sun, 18 Oct 2009 23:05:36 +0000 So, I guess I should still do a building inspection?

]]> 0d175957ff8950d055d783649f2b942d xya replied to the topic Large crack in building, still worth the gamble? in the forum Scott, How could I determine https://www.propertyinvesting.com/topic/4397552-large-crack-in-building-still-worth-the-gamble/#post-4610398 Sun, 18 Oct 2009 10:11:03 +0000 Scott,How could I determine if the cracks should be covered by the body corp?

]]> 690d5fed0561ea2db3e4d06d12eb068c xya replied to the topic What to believe? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397551-what-to-believe/#post-4610391 Sun, 18 Oct 2009 08:29:07 +0000 Hi Suchy,I personally would only read property investment books written locally, as not only would the tax system be different, but mortgage and real estate rules are also different. Even in Australia, different states have some different rules.You can search this site for some recommended reading, but I've read books by Michael Yardney, Ed Chan &…[Read more]

]]> 002e138576cbbb7e6e88184ddd06055c xya replied to the topic FREE Residex Report Australia wide in the forum General Property https://www.propertyinvesting.com/topic/4396942-free-residex-report-australia-wide/page/4/#post-4607670 Sun, 18 Oct 2009 07:06:59 +0000 Hi Richard,Many thanks for the Kingsford report. Your response time and help is really excellent.Cheers,xya

]]> 1c73bc48336b3517917221df5270cede xya replied to the topic Has anyone use GK Strata or Premium Strata in Sydney in the forum General Property https://www.propertyinvesting.com/topic/4397535-has-anyone-use-gk-strata-or-premium-strata-in-sydney/#post-4610329 Fri, 16 Oct 2009 03:29:46 +0000 We're trying to replace our current strata and have got quotations from GK and Premium Strata. One of them is on the more budget concious side while the other is more expensive but have disbursements capped.Some committee members are keen with the expensive quote, although I prefer the cheaper one, unless their quality of service is really bad.

]]> c517a66164f19d25f356a9b26bbc25e5 xya replied to the topic Clarifying ideas on property investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4397367-clarifying-ideas-on-property-investment/#post-4609534 Tue, 29 Sep 2009 03:11:20 +0000 Thanks for all the comments. You guys are great.I'll digest all the advice and will likely to be back with a few more questions….

]]> adfc3f02dc5b91914f4854b424291fe0 xya replied to the topic Clarifying ideas on property investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4397367-clarifying-ideas-on-property-investment/#post-4609531 Mon, 28 Sep 2009 08:50:15 +0000 Terryw wrote:
1) paying IO on your main residence reduces your monthly repayments which enables you to hold more investments. If the investments are growing faster than the interest being outlayed than this can help your overall position.I agree it is best to pay off non-deductible debt first is a good principle. But paying less means owning…[Read more]

]]> c0764ab4e76e0a755156e8916e5098e6 xya replied to the topic Clarifying ideas on property investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4397367-clarifying-ideas-on-property-investment/#post-4609526 Mon, 28 Sep 2009 08:06:26 +0000 Thanks for the response, awsydney.1) Yes, I was under the same impression that paying off PPOR asap is good until I read the book, and since it was written by accountants, I thought I might have missed something.3) Just to clarify that the unit trust mentioned in the book is basically setting up a unit trust to own the investment properties. Not…[Read more]

]]> adc26da725dcdf50c9324999dcec5863 xya replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/8/#post-4602642 Sun, 27 Sep 2009 08:28:12 +0000 Hi Mike,Many thanks for the report. It's really helpful.Cheers

]]> 66fac649960d4be23f0e5c84159cb91d xya replied to the topic Off-plan properties & FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4397113-off-plan-properties-fhog/#post-4608536 Wed, 02 Sep 2009 04:15:36 +0000 Thanks for the feedback, wisepearl. I would think the same applies here in NSW as well.

]]> 454ba8160e1db68cc27caa8dd935cec0 xya replied to the topic First Home Buyer Tips in the forum Help Needed! https://www.propertyinvesting.com/topic/4396866-first-home-buyer-tips/#post-4607083 Mon, 03 Aug 2009 04:26:15 +0000 We just bought our first home 6 months ago, so great to hear that you're thinking of buying a property. You can ask the agent about the quarterly strata, council and water rates. Sometimes they maybe able to tell you how much is left in the admin and sinking funds, but more often, you'll need to get a strata search done through a conveyancer or…[Read more]

]]> 6e3e4dfc13ca1e310e505c71af33d055 xya replied to the topic Renting out part of PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4396426-renting-out-part-of-ppor/#post-4604981 Wed, 24 Jun 2009 03:55:51 +0000 I'm about to call some valuers, but I'm just confused whether valuers also provide depreciation schedule? I was told that I would need to get a quantity surveyor to do that. Is that right?In that case, does the valuer only provide a valuation for the property, e.g. $400k for the unit and nothing else?

]]> 99442e50d24901bfc1f8b7b0844168a0 xya replied to the topic Renting out part of PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4396426-renting-out-part-of-ppor/#post-4604979 Fri, 12 Jun 2009 03:57:45 +0000 BTW, how much would a typical valuation cost and how do I know if a valuer is certified for the job?

]]> 14f4de970d5d94d00ebc1b5df85e95c3 xya replied to the topic Renting out part of PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4396426-renting-out-part-of-ppor/#post-4604978 Fri, 12 Jun 2009 02:19:53 +0000 Thanks for all the feedback. I was always under the mistaken impression that the 6 years CGT exemption rule applies, but I guess in my case, I would still have to pay CGT if the rent is considered as an income.What if the one of the room becomes vacant at any one point, can I still claim 2/3 of the expenses?

]]> bad14431d8ecab4421caf7143acdb4b8 xya replied to the topic Strata Manager recommendation in the forum Thanks, Scott. https://www.propertyinvesting.com/topic/4396320-strata-manager-recommendation/#post-4604423 Thu, 28 May 2009 11:45:33 +0000 Thanks, Scott.

]]> e928bb6504369826c9937c91a290d639 xya replied to the topic Understanding Strata - Help Needed in the forum General Property https://www.propertyinvesting.com/topic/4396093-understanding-strata-help-needed/#post-4603281 Sun, 26 Apr 2009 07:09:33 +0000 Thanks for the advice, Scott.

]]> 1aa29b80c71855eaf6ca2d1fb4228351 xya replied to the topic Understanding Strata - Help Needed in the forum General Property https://www.propertyinvesting.com/topic/4396093-understanding-strata-help-needed/#post-4603278 Sat, 25 Apr 2009 02:56:07 +0000 I guess my question wasn't worded correctly. Basically, I'm looking through the strata accounts as the strata is in the deficit. Looking at the start of the strata, I noticed that the strata commenced on 1st Jan 07, but the income from the strata levies only started a couple of months later. The difference in the strata commencement date and the…[Read more]

]]> f39c569d4a2d012d523ad1dbcfccf75c xya replied to the topic Understanding Strata - Help Needed in the forum General Property https://www.propertyinvesting.com/topic/4396093-understanding-strata-help-needed/#post-4603276 Fri, 24 Apr 2009 22:51:15 +0000 The builder owns a number of units and some others are owner occupied. The builder still owns some of the units when the levies kicked in.A few months prior to start of the strata, the builder already sold some of the units. I understand that the strata scheme only needs to start once a certain percentage of the units are sold.

]]> b10171972b850914e5a6956b19a8aad8 xya replied to the topic Land titles fees in strata expense in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395888-land-titles-fees-in-strata-expense/#post-4601929 Sun, 05 Apr 2009 07:23:40 +0000 Yeah, we've listed a number of questions for the strata manager as we found a number of items that seemed strange. For example, we have been charged a monthly line rental for a phone, although we don't have a dedicated strata phone on the premise nor do I think the strata manager has a dedicated line just for our block. Is that legal?

]]> a09c2ab75df0ce190a0cff8f1a823010 xya replied to the topic Land titles fees in strata expense in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395888-land-titles-fees-in-strata-expense/#post-4601927 Thu, 02 Apr 2009 20:33:39 +0000 I'm actually helping the strata committee to understand the statements sent by the strata manager. We're currently trying to get the detailed financial records from the strata manager, so I thought I get some independent views as well to see if the manager is doing her job.

]]> b597ffbdaa90bff1c8c07e80e8fe7720 xya replied to the topic Banks on settlement day - agent and my solicitor saying different things in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395032-banks-on-settlement-day-agent-and-my-solicitor-saying-different-things/#post-4597257 Thu, 15 Jan 2009 04:57:41 +0000 Thanks for the explanation, Terryw.

]]> 3f3092a5bc653ebd76ea30460bb64287 xya replied to the topic Banks on settlement day - agent and my solicitor saying different things in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395032-banks-on-settlement-day-agent-and-my-solicitor-saying-different-things/#post-4597255 Thu, 15 Jan 2009 02:35:04 +0000 Hi all,I was supposed to have my settlement date brought forward but my solicitor informed me that the vendor's bank isn't ready for settlement. Is it possible for a vendor's bank not to be ready for settlement? Wouldn't the vendor prefer to receive money earlier?Thanks.

]]> 6abc716d049b4e52bfba2351f7b189dc xya replied to the topic Banks on settlement day - agent and my solicitor saying different things in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395032-banks-on-settlement-day-agent-and-my-solicitor-saying-different-things/#post-4597254 Fri, 02 Jan 2009 03:15:42 +0000 Thanks again for your advice, Terryw. You've been very helpful.

]]> f81d5ddc112330ca8a44bbcce21155fa xya replied to the topic How to legally protect my fiancee, who will be helping to make loan repayments? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395031-how-to-legally-protect-my-fiancee-who-will-be-helping-to-make-loan-repayments/#post-4597248 Fri, 02 Jan 2009 03:14:53 +0000 Thank you for all the replies, they are very useful information.Ben, how could I make an acknowledgement of debt? Is it just an IOU note that I write and keep somewhere?

]]> 84c7c348c669faf5852c9efbd39e4196 xya replied to the topic How to legally protect my fiancee, who will be helping to make loan repayments? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395031-how-to-legally-protect-my-fiancee-who-will-be-helping-to-make-loan-repayments/#post-4597243 Thu, 01 Jan 2009 03:36:17 +0000 Thanks for the advice, Linar. What about the case where I was to pass away? Is the will the only way to make sure things are in order?

]]> c84ab58d080a93ae725432c8d9d4661e xya replied to the topic How to legally protect my fiancee, who will be helping to make loan repayments? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395031-how-to-legally-protect-my-fiancee-who-will-be-helping-to-make-loan-repayments/#post-4597241 Thu, 01 Jan 2009 02:43:10 +0000 Thanks for the response, Terryw.If anything should happen to me or the relationship, I would imagine it would be stressful time for my fiancee, so I wouldn't want her to spend time lodging a caveat or going through the money trail. Is there anything I can do on my end to ensure everything is arranged nicely right from the start? Should I write a…[Read more]

]]> 09f2439a233bb61308a79bb3965dcd06 xya replied to the topic Banks on settlement day - agent and my solicitor saying different things in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395032-banks-on-settlement-day-agent-and-my-solicitor-saying-different-things/#post-4597252 Thu, 01 Jan 2009 02:39:32 +0000 Thanks for the response. Yes, you're right, my solicitor is on holiday until 12-Jan and perhaps there'll be a lot of work when his office re-opens.The vendor has agreed to mid-Feb settlement in the contract, but I've asked my solicitor to request for an earlier settlement. I was told that we can always bring forward the settlement date. If we in…[Read more]

]]> 2d3017de0bad265cce4dbdccdaafb776 xya replied to the topic Life insurance, income protection insurance, etc to protect future loan repayments? in the forum Thanks, I'll look into my https://www.propertyinvesting.com/topic/4394973-life-insurance-income-protection-insurance-etc-to-protect-future-loan-repayments/#post-4596966 Thu, 18 Dec 2008 23:35:30 +0000 Thanks, I'll look into my superfund to see if I could increase my insurance cover.

]]> 3c08774acca1e57ef9fea381d5621fac xya replied to the topic WHATS IT WORTH? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394966-whats-it-worth/#post-4596947 Thu, 18 Dec 2008 11:14:45 +0000 Have you tried getting past sales reports for that area? You can get it from a number of places like Homepriceguide, etc.

]]> 61795914fcd2cca826b7f48ce24ffe63 xya replied to the topic Kingsford vs Maroubra, NSW in the forum General Property https://www.propertyinvesting.com/topic/4394918-kingsford-vs-maroubra-nsw/#post-4596599 Tue, 16 Dec 2008 10:05:42 +0000 Thanks for the comments, Terryw.I may buy the property in Maroubra Junction, mainly because it's much newer (I can get depreciation).

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