https://www.propertyinvesting.com/members/yoyo-galaxy/activity/ Activity feed for yoyo galaxy. Tue, 14 Apr 2026 16:05:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 df86e3a24c8bcb2a868d23fb71c8c6cf https://www.propertyinvesting.com/topic/4403206-good-tradies/page/2/#post-4644644 Sun, 12 Jun 2011 04:48:03 +0000 hi everyone, i just wanna come here and recommend the kitchen maker we used for the recent renovation in Sydney. their name is the good kitchen and bathroom, with one showroom in villawoord another one in punchbowl, they are also expanding to brisbane. they provide polyurethane finished kitchen cabinets and ceaser stone benchtop at super…[Read more]

]]> 39870d5841f2cd2683a68129a5d9958d https://www.propertyinvesting.com/topic/4403779-urgent-can-strata-force-me-to-put-down-the-new-wall-i-installed/#post-4648860 Sun, 12 Jun 2011 02:40:27 +0000 hi michael, how much does the DA normally cost? and do we need a council DA too? are they different? hi holly, when you mentioned 'they can make you demolish anything they haven't approved', do you mean they can even make unreasonable decisions like force me to demolish the new kitchen and put the old kitchen back in? then i will have to go…[Read more]

]]> 2f81c91280090515954fe16d2a0669b4 https://www.propertyinvesting.com/topic/4403685-kitchen-demolish-process/#post-4648126 Thu, 26 May 2011 01:54:30 +0000 The electrician disconnected the stove and the switchboard, removed the switchboard cabinet. I made one small mistake though.After removing the old stove, there's a thick and ugly electric cable sticking out of the wall, the electrician told me there are two ways to hide it: 1, he'll rip off part of the wall and hide it in the wall and shift it to…[Read more]

]]> ccbdf9ec9ff85898cbc59d106bccdf04 https://www.propertyinvesting.com/topic/4403685-kitchen-demolish-process/#post-4648124 Mon, 23 May 2011 01:25:18 +0000 Thanks a lot everyone for the suggestions! We have removed the kitchen this weekend with some friends' help(saved $200!!). only have the switchboard cabinet and the wall tiles very close to the switchboard left (As i rip off the wall tiles, I can see the power cable right behind the tiles, so i decided to leave the tiles there in case i break the…[Read more]

]]> 782dfa6ff5c272f1b76e65653c3001ad https://www.propertyinvesting.com/topic/4403206-good-tradies/#post-4644632 Wed, 27 Apr 2011 06:30:42 +0000 Hello there, any good tradies wanna recommend themselves? I thought we have many tradies on this website? Anyone have done reno in Sydney got tradies to recommend?It's a bit disappointing that haven't got any reply except from Jamie…….

]]> dc0de8f374899274359bdc58df6c25d5 https://www.propertyinvesting.com/topic/4403206-good-tradies/#post-4644630 Mon, 25 Apr 2011 11:15:09 +0000 Thanks Jamie, yes we'll need to check the condition of the carcass to decide if resurfacing will work. Has anyone used Granite Transformation? Can they change the layout of the kitchen, tile the splashback tiles and floor tiles? Anyone know how's their price different from getting a brand new kitchen?

]]> 30b1c786af90e51a2c7c3062798edc01 https://www.propertyinvesting.com/topic/4403206-good-tradies/#post-4644628 Fri, 22 Apr 2011 12:02:19 +0000 Hi Cattaby,Great idea to post this topic, I am also currently looking for tradies for my first reno project. Does anyone know some good tradies work in Sydney? We will need tiler, painter, plumber, kitchen installer(i am not even sure if this is the right name for them, bascially need someone who can make and install kitchen cabinetry, install…[Read more]

]]> 2d954e6ebeeb46ab16f5ecf6600d21ba https://www.propertyinvesting.com/topic/4401303-first-renovation-project/page/3/#post-4632521 Tue, 19 Apr 2011 01:30:24 +0000 Hi Jacqui,Firstly congratulations on your first project, I am also doing my first project and think you may be able to help me with some questions.Just wondering how much did it cost you to  get the wall removed? Also did you get an engineering certificate to show it is non-structural? How long did that take and how much was the…[Read more]

]]> d6d9f199a42cf804fc99e0f30a13b835 https://www.propertyinvesting.com/topic/4401303-first-renovation-project/page/2/#post-4632511 Wed, 15 Dec 2010 05:53:05 +0000 Hi Jacqui,Well done! numbers and the reno result both look very impressive!Where did you find this house? from domain or realestate.com.au? and would it be possible to have a complete list of the jobs that you did and their cost? I am trying to work out budget for my first reno and think a list of your cost would be a good reference guide for…[Read more]

]]> 85b6d4f9c3fe4686176915cf9843ea4b https://www.propertyinvesting.com/topic/4401832-can-i-get-rid-of-a-bad-selling-agent/#post-4635818 Wed, 10 Nov 2010 10:12:31 +0000 Thanks a lot Illuminati! I agree it is true that before signing they were all proactive and nice, then they change face as soon as I sign the contract paper. this is definitely a learning experience for me and i'll be more careful next time.Dwolfe, you are right, they are just too lazy to amend the ad, it probably only take them 2 minutes to login…[Read more]

]]> dcaeb72f2119a452d01d53ebaa5d64d2 https://www.propertyinvesting.com/topic/4401832-can-i-get-rid-of-a-bad-selling-agent/#post-4635814 Wed, 10 Nov 2010 09:30:13 +0000 Thanks for the tips Scott! in my agreement, the agent will pay for the marketing fees, they will deduct it from their commission after sale.They didn't mentioned in details where they will market it.I thought at least they should change the asking price and amend the ad according to my request? I've no idea why they won't do it.

]]> fcb0874c14e61164ab9bb97a4f02261e https://www.propertyinvesting.com/topic/4401832-can-i-get-rid-of-a-bad-selling-agent/#post-4635811 Wed, 10 Nov 2010 05:08:46 +0000 They only put the ad up in domain.com.au, I requested them to put the ad up in realestate.com.au, they ignored my request and just told me the two websites are the same. I also asked them to include the current rent in the ad to attract investors, but they ignored my request again and refuse to include it in the ad.Before I signed the contract…[Read more]

]]> 1d9d60922d5957fdcdafda942b412c8a https://www.propertyinvesting.com/topic/4401827-renting-by-the-room-2/#post-4635788 Wed, 10 Nov 2010 03:57:16 +0000 actually lots of asian people do that in their house. and lots of overseas students share accommodations that way.for example, renting out a 3 bedroom unit gives you 450pw, but by renting each room you can get 600pw ($200 per room X 3 rooms). The only pro is you do get more rent, better yield on your property.cons are:1. Only a few agents are h…[Read more]

]]> 33735cf542aaf20a09b65290fac41785 https://www.propertyinvesting.com/topic/4401607-to-sell-or-hold-on-to-your-last-property-help/#post-4634647 Mon, 01 Nov 2010 02:55:08 +0000 Hi May,Before making this sell or hold on decision, I think it would help to do a thorough calculation to analyse your financial situation.Firstly, it seems your house is heavily negatively geared. How much money do you have to put out of pocket each week to support the loan? If say you have to pay 300pw out of pocket to support it, each year you…[Read more]

]]> e5a3de5fc1839176610102ccfc59e546 https://www.propertyinvesting.com/topic/4401489-selling-agents-commission/#post-4633975 Thu, 14 Oct 2010 05:02:51 +0000 The quote i got is 1.5% + advertisement fee ($800 roughly) or 2.5% including advertisement fee.Commission is only payable once the property is sold. If the owner changes their mind and withdraw the property from the market, there's no fees payable, except the advertisement fee.

]]> d94c80e315770388094e880c1090895b https://www.propertyinvesting.com/topic/4401486-turning-investment-property-into-ppor-getting-it-valued/#post-4633953 Thu, 14 Oct 2010 05:01:11 +0000 I was told by my accountant that this CGT 6 years exemption only applies when you have less than 2 properties under your name and you only claim 1 PPOR at any point of time. If you have more than 2 properties under your name or claim 2 properties both as PPOR then you can't get this CGT exemption.

]]> bc8bade32c0b4b5a50f4fa5fe3f34475 https://www.propertyinvesting.com/topic/4401148-residential-properties-with-secure-leases-dha-quest/#post-4631584 Thu, 09 Sep 2010 23:33:51 +0000 Hi, to answer your question:1) Residential2) In terms of borrowing, banks evaluate it the same as any regular residential property. It doesn't give you more borrowing capacity due to secure tenants.Some negative sides of DHA leased property:1) You, as the owner, do not have any control of the property, means you can not carry out any renovation…[Read more]

]]> e412ebcac540350fef3a121ccf0d836b https://www.propertyinvesting.com/topic/4400962-refinance-a-fully-paid-off-unit-and-offset-rental-income/#post-4630352 Tue, 24 Aug 2010 00:46:02 +0000 Hi everyone, thanks for the reply. So my understanding is: if the unit is refinanced and money is used to buy another IP, then the interest payment can be used to offset rental income, as the purpose is not to pay down debt in the new home, Is that correct?

]]> 0014c49fa084f5e93bcb8fb130d844af https://www.propertyinvesting.com/topic/4400631-bathroom-reno-cost/#post-4628454 Thu, 22 Jul 2010 23:59:33 +0000 Thanks a lot for the tips Shelletho, I will keep an eye on the auctions, sounds interesting and a good way to save money! Broccoli2, thanks for the info, one of the builders I contacted quoted told me my budget has to be increased to 17k to 20k, which is way over my original budget. your builder's price sounds really good. unfortunately I am in…

]]> c7793f0d40ca1af5abb22ba3137b5594 https://www.propertyinvesting.com/topic/4400477-hire-tradie-for-renovation-labor-only-or-the-whole-package/#post-4627623 Mon, 19 Jul 2010 03:33:26 +0000 Hi everyone,I am back from the material shopping last weekend. Previously we had a budget of 10k including quality materials and labor, now I was told by the showroom guy that If i want the fittings with the quality that I want, my budget has to rise to at least 15-17k. Also got quote from 2 tradies, surprisingly they gave me similar price — 6K +…[Read more]

]]> 17fe1bcf3bad11d90b6abda7573252e0 https://www.propertyinvesting.com/topic/4400516-turning-current-residence-into-investment-property/#post-4627814 Mon, 12 Jul 2010 07:14:35 +0000 Hi there,I have one more question that I forgot to mention.What if I move out of P1 in FY09-10, rent it out, then withdraw the equity in P1 to pay down P2 in FY10-11. Will that fail the purpose test again?cheers

]]> a620a763ae2df6def2723951c162b491 https://www.propertyinvesting.com/topic/4400516-turning-current-residence-into-investment-property/#post-4627813 Mon, 12 Jul 2010 07:04:37 +0000 Hi duckster,I have a similar question. My situation is:- Have a PPR (let's call it P1) almost paid off- Have a IP (let's call it P2), negative geared beforeI moved into my P2 from P1 in the end of last year, so now P2 becomes my PPR. I haven't done the FY09-10 tax return yet, so this has not been triggered in my tax return with ATO.P1 has been re…[Read more]

]]> 888c170091d6b86280d3e0040d9334f8 https://www.propertyinvesting.com/topic/4400477-hire-tradie-for-renovation-labor-only-or-the-whole-package/#post-4627621 Mon, 12 Jul 2010 03:38:00 +0000 thanks for the advices!I just got 2 tradies came to our house for a quote, they will get back to me this week, will also check out some show rooms in the coming weekend to get a feel about the prices.I've already got a clear picture in mind how i want the finished bathroom to look like, i'll find out about the material cost this weekend.will…[Read more]

]]> 2fec954126e080d85e7a2512b982949f https://www.propertyinvesting.com/topic/4400446-negativing-gearing-with-a-trust-is-a-trust-a-good-idea-for-us/#post-4627468 Mon, 05 Jul 2010 00:01:55 +0000 u can transfer profit from another trust to offset the loss, so effectively u don't pay tax on the profit from the other trust.if you don't have another trust that making profit, then loss will be locked in this trust with no benefit.u may want to consider the asset protection that the trust provide too. also, u may want to set up a proper JV…[Read more]

]]> 2486ffc25e6be751326521b2c94227a7 https://www.propertyinvesting.com/topic/4400097-opinions-on-purchasing-hotel-apartments/#post-4625321 Sun, 04 Jul 2010 23:50:20 +0000 Generally this kind of properties are charged higher management fee, one of the university accommodation we looked into charge 12% management fee. Normally when they try to sell it to you, they quote the gross rental which is before taking out the commission.Also, as everyone has mentioned, banks don't like them. especially with studio or uni…[Read more]

]]> a98bc3474de763b6852ccb43c5799d23 https://www.propertyinvesting.com/topic/4400285-formation-of-trust/page/2/#post-4626260 Wed, 30 Jun 2010 03:53:25 +0000 Thanks Terry, also you mentioned that it is not always possible to transfer the profit between trust, why is it?If i have trust no.1 that's holding a negative  geared property, effectively making a loss and trust no.2 buying, renovate and selling for profit, can I make trust no.1 beneficiary of trust no.2 then distribute the profit to trust no.1 t…[Read more]

]]> 044dd9a440e0af8de3e4c94564701505 https://www.propertyinvesting.com/topic/4400321-first-investment-property-need-help/#post-4626487 Mon, 28 Jun 2010 07:09:52 +0000 I've used some buyer's agent before, they only sent us a couple of deals throughout the year. We end up buying one property from them. but I just think the speed they provide deals is not fast enough for me. so I end up doing my own research.I would say set a financial target first to decide the price range you are looking at, then add other…[Read more]

]]> 813cba70853877c97737831a1089c6c4 https://www.propertyinvesting.com/topic/4400285-formation-of-trust/page/2/#post-4626257 Mon, 28 Jun 2010 05:47:23 +0000 Hi Terry,Can an overseas resident be beneficiary of a discritionary trust in Australia? Obviously they have to pay tax in their home  country, but will they be required to pay tax in Australia?cheers.viv

]]> 306b63d79fdeb3c2fd908eab03d1a6f5 https://www.propertyinvesting.com/topic/4400332-how-many-properties-do-we-need-to-inspect-before-we-buy/#post-4626797 Mon, 28 Jun 2010 04:44:50 +0000 We inspected roughly 100 for the first IP, it was hardwork, 3 months of non stop inspecting every saturday from 10 to 3 with lots of sandwiches lunch in the car or on the go. But it paid off, we got a great bargain that gave us positive cashflow from day one and nearly 100k capital gain within 2 years.the second one we took a different approach, a…[Read more]

]]> 97c1e85edb5a263fe5313b3eb83f2563 https://www.propertyinvesting.com/topic/4400324-residex-top-100-suburb-report-for-sydney-latest-release/#post-4626759 Mon, 28 Jun 2010 00:31:34 +0000 HI all, the report is in soft copy pdf format, it is encripted so that u will need password to open up the report. it includes overall NSW market trend analysis and a hotspot map, basically a NSW map color coded according to growth rate. then it has couple of paragraphs summarizing what they believe drive the market in the past 12 months or so. T…[Read more]

]]> 064dcbad06f4f4076d8bac951748ec70 https://www.propertyinvesting.com/topic/4400334-one-bedroom-reno-help-required/#post-4626821 Fri, 25 Jun 2010 02:02:32 +0000 The unit actually looks pretty solid and decent condition from outside. In addition to what others have suggested, two things I would do:1. Repaint the outside wall with a more humble color, The bright red is a bit too scary for most people2. Minor plumbing to make the kitchen tab coming out of the bench instead of the wall.  

]]> 7a4ae9ad9e0ff8a65cd127de76c4cf77 https://www.propertyinvesting.com/topic/4400324-residex-top-100-suburb-report-for-sydney-latest-release/#post-4626755 Wed, 23 Jun 2010 01:38:12 +0000 Hi there, i've purchased 2 residex report couple of months ago. one is Top Budget Growth in Sydney, another one is Top 100 suburbs in Sydney. We've purchased one house in Sydney last month based on the residex report and more due diligence we did. I think it is really helpful in terms of narrow down your due diligence research area. There are…[Read more]

]]> 0dab3bcc0e4de9448014f07ebe37fab7 https://www.propertyinvesting.com/topic/4400328-house-or-unit/#post-4626778 Wed, 23 Jun 2010 01:21:39 +0000 rental yield is dependent on lots of factors, suburbs, location in the suburbs, condition of the property etc.generally units has higher yield than houses, but in outer suburbs there's no units, only houses, so there's no comparison.why does it bother you it is a house or unit? in the end u want something that makes money for you.

]]> b3031e1d35473def1ad82d0a93caf398 https://www.propertyinvesting.com/topic/4399867-stephen-tolle-cherie-barber-workshop/page/3/#post-4624145 Sun, 20 Jun 2010 23:41:16 +0000 Hi Jess,Thanks a lot for the thorough feedback. I also have a question about the financial feasibility software.How does it look like? And how do you use it? Is it just like a excel spreadsheet that helps you to work out the holding cost, renovation cost (with predetermined renovation cost of each component such as bathtub or toilet or wall in…[Read more]

]]> 87e8ed0fef672a1232342bdc02a4dc48 https://www.propertyinvesting.com/topic/4399987-insurance-when-1-lease/#post-4624730 Fri, 11 Jun 2010 00:41:32 +0000 Hi cut the chase,they actually don't ask if there is more than 1 lease, the sales representative just want to get the premium so they don't bother asking details like this. I actually asked explicitly if they insure it, then they answered no. I believe the risk is that if you buy an insurance without telling them it is more than 1 lease in place,…[Read more]

]]> fa4d24890d094bcc08a06c337b8e0627 https://www.propertyinvesting.com/topic/4400145-first-investment-dilemma/#post-4625537 Fri, 11 Jun 2010 00:30:49 +0000 hello, declaring the rent is completely up to you. if you don't declare it, you just keep the cash rent to help the mortgage repayment and you still get 50% off CGT when you sell the house.if you declare it, you can declare part of your mortgage interest now, but when you sell the house you will lose the 50% off CGT on the part you declared,…[Read more]

]]> 5fb9281a71a85743ddcbdfd47c5c1625 https://www.propertyinvesting.com/topic/4399867-stephen-tolle-cherie-barber-workshop/page/2/#post-4624130 Wed, 09 Jun 2010 00:15:34 +0000 Hi Matt,All of Steve and Cherie's deals are in the high end market, and their renovation style is to bring a house from bottom of market to the top of the market to maximize their margin. However, I don't think everyone can afford to play in that price range to start with. At least for the first deal, I wouldn't go out and buy a 800k house and try…[Read more]

]]> 40f521431e7197139163f3644b09a173 https://www.propertyinvesting.com/topic/4385645-is-the-investors-club-for-real/page/2/#post-4548079 Tue, 01 Jun 2010 06:10:26 +0000 I've been to their meetings. totally waste of my time.the presenter just keep repeating the advantages of negative gearing. she said she was really happy with her 8 heavily negative geared properties, instead of paying 40% tax, she is only paying 9% tax and can live off from withdrawing equity from existing properties. when we asked what happens…[Read more]

]]> 1652d83323d1fc9c74ca4bf0fdb6572c https://www.propertyinvesting.com/topic/4399867-stephen-tolle-cherie-barber-workshop/page/2/#post-4624118 Tue, 01 Jun 2010 05:45:43 +0000 Hi Tinkara,Actually I am curious to know why she doesn't wanna share more info too! To me, I believe their workshop must be good, but don't think it is the one and only one workshop out there to make a renovation successful. besides some of the materials they cover, such as asset protection, subdivision and strata title, I've already learnt. What…[Read more]

]]> 8d869b9d39832df41a32fafeef562548 https://www.propertyinvesting.com/topic/4400087-ip-did-we-leave-it-for-too-long/page/2/#post-4625185 Tue, 01 Jun 2010 05:20:25 +0000 Agree with JacM,I don't think the simple ROI calculation is valid for super. Firstly, It is something I can not touch for 30 years, even though it has a value today, the real return is only realised when i withdraw it, and it won't be in today's dollar. Secondly, if you withdraw early, the fees and charges are so heavy that you automatically lo…[Read more]

]]> 86ff325930a0dbd97feae67aa5404ea4 https://www.propertyinvesting.com/topic/4400084-5-deposit-early-access-how-to-go-about-it/#post-4625141 Mon, 31 May 2010 06:05:16 +0000 Hi JessM, how did you go?From my experience, 5% is not hard to get at all. Just got our solicitor to negotiate on our behave all the time.secondly, most of the time early access won't be a problem if the property is vacant. However, I doubt you would be allowed to carry out any renovation work prior to settlement. because you don't legally own the…[Read more]

]]> aeb1493add13161c4b158a6a14e4c853 https://www.propertyinvesting.com/topic/4399952-house-of-my-dreams/#post-4624597 Mon, 31 May 2010 02:05:08 +0000 ELJ, may i suggest you a solution: keep dreaming! or take more drugs!

]]> be427d53f49f9a6c95f25798e1adc8ea https://www.propertyinvesting.com/topic/4400087-ip-did-we-leave-it-for-too-long/#post-4625168 Mon, 31 May 2010 01:00:04 +0000 Btw, Losty, just noticed your accountant's suggestion on putting more money in super. If I were you, I wouldn't follow that advice. You have no control on how your super will perform and you can't have access to it for 25-30 years! at early 30s, you can use the money else where and make double or triple of the return super can give to you. I…[Read more]

]]> 9c3b00c60e2a72ff9c730aba86cb8e5b https://www.propertyinvesting.com/topic/4400087-ip-did-we-leave-it-for-too-long/#post-4625166 Mon, 31 May 2010 00:23:28 +0000 Hi Losty,I don't want to be rude, but I really wonder how can you owe such a high debt on the cars? Especially with such high incomes, why not pay off the personal loan first?My husband and I have been in the property investing game for about a year, not expert yet but we know the basics and own several IPs. From what we learnt in all those books,…[Read more]

]]> 7b5f7adbe2e831c125ab2d0ce5aa3e8b https://www.propertyinvesting.com/topic/4400058-mining-towns-investing-qld/#post-4625014 Fri, 28 May 2010 04:05:24 +0000 Hi, we will settle one of the new development in middlemount later this year.price we paid is 300k for a 3 bedroom house including furniture package and airconditioning. appraised rent is 650-700pw. majority of the mines there is coal, with a couple of small gold mines. currently the workers in these mines are living in dysart, which is pretty far…[Read more]

]]> f73378108119a0a50379d36ffe486c84 https://www.propertyinvesting.com/topic/4395575-early-access-clauses/#post-4600238 Wed, 26 May 2010 03:31:56 +0000 Hi Azalia,Could you also send the template to me too? my email is yue.vivian.li@gmail.comWill also send you a PM about it. Thanks a lot for your help!Viv

]]> 352d92753f40ed04e16a21921da57455 https://www.propertyinvesting.com/topic/4399987-insurance-when-1-lease/#post-4624725 Mon, 24 May 2010 07:37:40 +0000 I've called several major insurance companies (AAMI, GIO, NRMA, Allianze) , the answer I received are all the same: they would not insure student accommodation where more than one lease is in place for the house.I was told that some insurance broker might be able to help on this one.

]]> 07bd260d5f567c79f3b8488b7f21729d https://www.propertyinvesting.com/topic/4399867-stephen-tolle-cherie-barber-workshop/#post-4624108 Mon, 24 May 2010 07:34:27 +0000 Just talked to my friend who did the workshop.She just said it's very informative, their think go out of the square to negotiat with agents, and the course include lots of templates,  but won't tell me more about it. I guess when people spend so much on a course, they are not comfortable telling us everything they learnt from it, as we didn't pay…[Read more]

]]> e757c2da54bcc8039a3fc0b8fa36ead9 https://www.propertyinvesting.com/topic/4399867-stephen-tolle-cherie-barber-workshop/#post-4624107 Wed, 19 May 2010 23:56:13 +0000 Hi Mav,sure I will contact her next Monday to find out.Also, has anyone purchased the toolbox by Dean and Elise? How is it? I am interested in purchasing it from someone who doesn't need it any more. If anyone has it, please PM me.cheers.viv

]]> 903b33c81ab45aebf20550ec3195a772 https://www.propertyinvesting.com/topic/4399867-stephen-tolle-cherie-barber-workshop/#post-4624105 Mon, 17 May 2010 23:35:52 +0000 Hi everyone,so has anyone attended their workshop? Please let us know how you go JessW, looking forward to some feedback here!Viv

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