https://www.propertyinvesting.com/members/zoe-jones/activity/ Activity feed for Zoe Jones. Sat, 25 Apr 2026 10:27:12 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 55d9a72d3e98944d27686d00726b5fab https://www.propertyinvesting.com/topic/4392584-rba-interest-rate-increases-finally-hit-home/#post-4584015 Sun, 09 Mar 2008 02:35:01 +0000 What part of the North Coast are you in?I'm in Sydney, eastern suburbs. Yesterday happened to drive past an open unit (a very ordinary one at that), at least 80 people milling around on the lawn waiting for the agent to arrive. This was a rental property, there are no rentals left and I have colleagues who are moving back in with Mum and Dad…[Read more]

]]> d2ace2f65b8cf6df206092ed0a633e75 https://www.propertyinvesting.com/topic/4392482-outrageous-nsw-land-tax/#post-4583536 Thu, 28 Feb 2008 02:13:30 +0000 Dear Marc,Don't buy in NSW! Exactly what I am doing now, no longer buying in NSW either. Only way to go. And the friend that is trying to sell her unit lost a buyer because of the high land value of her unit, so that is what made her aware of the over-priced valuation. She could not understand why it was valued so much higher than what she was…[Read more]

]]> d6db769e4e622d34f0987b367ccfd1b8 https://www.propertyinvesting.com/topic/4392428-land-tax-on-a-unit/#post-4583293 Thu, 28 Feb 2008 01:44:36 +0000 I di have several, and I bet you peachy's landlord has several IP's as well, I guess what I was just trying to point out is that land tax does not reflect the actual values anymore, and with it going up 30% each year it is something you never planned for in your investment strategy, I mean where are the articles in investment magazines dealing…[Read more]

]]> 7947db4f76879b5b8b289cfc550c94c5 https://www.propertyinvesting.com/topic/4392482-outrageous-nsw-land-tax/#post-4583533 Thu, 28 Feb 2008 01:30:17 +0000 Definitely, not that I know the proprerty they are discussing, but just to give you an eaxmple, the semi we rent at the moment, a similar one sold for nearly a million dollars recently in our street. An old 3 bedroom home sold for 1.28 million in our street last year. This house is a rental, and is being rented for $550 per week. So if the 'real',…[Read more]

]]> 5218c37ee7aaf3e070b56800c6311b1d https://www.propertyinvesting.com/topic/4392428-land-tax-on-a-unit/#post-4583291 Thu, 28 Feb 2008 01:25:02 +0000 There are 12 in the complex I mentioned, which means that each owner gets slugged with 3 million divided by 12 as they are all the same size  (under 50 metres, can't even get bank finance without dramas). It's just bizarre really. Just looked at today's paper and saw land tax again the headline story (see my next posting in same forum). My studio…[Read more]

]]> 93801bfb16767243b5c7553adc4d253d https://www.propertyinvesting.com/topic/4392428-land-tax-on-a-unit/#post-4583288 Sun, 24 Feb 2008 01:47:14 +0000 In regards to my earlier comment re unfair land tax, my unit was a studio apartment, and the land value was increased by 33% in one year. When I bought I considered the land value, and figured I would be under thethreshold for years to come, however it is impossible dealing with the greedy NSW state government and their totally unreasonable…[Read more]

]]> 2ca7979ac45540e1b8934fac5d0c1c23 https://www.propertyinvesting.com/topic/4392428-land-tax-on-a-unit/#post-4583286 Sat, 23 Feb 2008 06:46:17 +0000 Dear Peach,i do understand your frustrations, are you in Sydney? I got hit with a big land tax bill, because the NSW government overvalues to raise revenue. So the value of the land that is part of the complex for my studio apartment is actually SUBSTANTIALLY GREATER than what I can sell the studio for, belivee it or not. I fought it all the way…[Read more]

]]> 3ab5e1ecc2910d381c8ba605fe39b81c https://www.propertyinvesting.com/topic/4392271-nsw-stamp-duty-2008-budget-changes/#post-4582541 Sun, 10 Feb 2008 02:55:51 +0000 Thanks Terry,That's only a negligible amount, so not worth waiting until July for a property purchase then. Even though the rental market in Sydney is a mess (only one unit listed for lease in my suburb, and I hear in Canberra they are now auctioning rental properties!). But obviously the NSW government can't afford to drop stamp duty on…[Read more]

]]> 552850858ed6afc416e05ffdb7dc330c https://www.propertyinvesting.com/topic/4391886-buying-a-home-from-dept-of-housing/#post-4580364 Wed, 09 Jan 2008 22:03:48 +0000 Hi there,Please see my post in the general property forum.  Housing Dept are not supposed to advertise their sales, they get listed with local estate agents and auctioned, then when passsed in at auction they get listed for sale. If you trail through real estate.com, look at the auctions, any with boarded up windows, unkempt yards are usually…[Read more]

]]> 79f2b73789c3de12b5d25f8094e49674 https://www.propertyinvesting.com/topic/4391781-property-clock-where-are-we-at-the-momment/#post-4579329 Thu, 03 Jan 2008 02:36:10 +0000 Interesting to read all of the above. Would any of the experts like to suggest which areas of Sydney to watch? Are we talking about the eastern suburbs/north shore only or can we include the inner west, places like Ashfield/Summer Hill. What about the Sutherland Shire/St George area? Would appreciate any input on this.

]]> 61ca89cdfdffb17df1ef6c9e249f83c8 https://www.propertyinvesting.com/topic/4391720-beginner-needing-advice-plse/#post-4578946 Fri, 28 Dec 2007 10:49:10 +0000 Hi Del,I notice you mention purchasing ex housing commission. Please read my post in general property about precautions you may want to make when doing this. Hope it helps you!

]]> fb8edeaf18cb85a50a6699e49b1ebfd2 https://www.propertyinvesting.com/topic/4391739-first-timer-7/#post-4579086 Fri, 28 Dec 2007 08:06:26 +0000 Dear Matt,Unfortunately as mentioned already there is a real issue with studio apartments and small one bedders and getting finance. This was supposed to change some years back, with the increase in housing costs and more smaller one bedders/studios being built however the banks have yet to change their requirements. I bought a less than 50 metre…[Read more]

]]> dc125f7099ea32f44bd3360992796e6b https://www.propertyinvesting.com/topic/4391716-read-this-before-buying-property-from-nsw-dept-housing-buyer-beware/#post-4578928 Fri, 28 Dec 2007 01:45:42 +0000 Dear Scott,NSW!  NSW Dept of Housing. Have you had any dealings with SA Housing Trust?

]]> 9b633ad38237acfd05f87d1c0407b876 https://www.propertyinvesting.com/topic/4391716-read-this-before-buying-property-from-nsw-dept-housing-buyer-beware/#post-4578926 Thu, 27 Dec 2007 19:13:50 +0000 Dear Scott,If you read my first posting again you will see that I did get my deposit back after 12 weeks of hassles, hiring a lawyer and going to the Minister for Housing himself. The reason I posted it was to warn others on this website, as you so rightly say the lack of cooperation is unbelievable with DOH. I was a reasonable person, happy to…[Read more]

]]> ed73b28241b15b1e42405e92a84778c7 https://www.propertyinvesting.com/topic/4391716-read-this-before-buying-property-from-nsw-dept-housing-buyer-beware/#post-4578924 Wed, 26 Dec 2007 10:42:25 +0000 Daer Scott,I also wanted the place repaired using a licensed builder. I didn't want to let the house go. DOH just weren't interested in doing ANY repairs, responding to any phone calls/letters/quotes, using a licensed builder, or coming to a reasonable agreement. I  have never experienced such a situation of total apathy and slackness.  My la…[Read more]

]]> 1a2ef7dd5b0f5b9b9676bf561d79caf3 https://www.propertyinvesting.com/topic/4391568-mount-gambier/#post-4578087 Sun, 09 Dec 2007 05:52:29 +0000 Thank you! I did see the issue incidentally, but was hoping there might be people out there who are in that market, as first hand experience is always better than magazine stories.

]]> bfeae78981ca21cb19edaa512c1676bb https://www.propertyinvesting.com/topic/4391568-mount-gambier/#post-4578085 Sat, 08 Dec 2007 10:02:49 +0000 Is there nobody out there with any ideas on Mount Gambier?

]]> 29dceada1a2efc4df960e9667cdb4c5f https://www.propertyinvesting.com/topic/4391597-renting-agent-wont-help/#post-4578247 Tue, 04 Dec 2007 17:00:39 +0000 Also Rob meant to tell you get a friend to ring these agents 'pretending' to be a potential tenant and see how they come across, whether they are positive about your place or negative. And if possible get someone you trust to have a look at the inside, either a friend or go yourself. There might be a reason it's not listed or renting. For example…[Read more]

]]> b145e0175d9837ae08b64275a286d6bd https://www.propertyinvesting.com/topic/4391597-renting-agent-wont-help/#post-4578246 Tue, 04 Dec 2007 16:51:41 +0000 I think if the agent still hasn't listed the place it's time to move on to another agent. Is the town big enough that you have another agent to choose from? One you haven't dealt with yet? If neither agent is listing it there has to be a reason, and they might have talked to each other about what has happened and it might be best to start again…[Read more]

]]> dd70ef80b25da999de6f5c56f5842262 https://www.propertyinvesting.com/topic/4391555-query-re-legal-advice/#post-4578003 Sun, 02 Dec 2007 07:17:39 +0000 My personal experience has been to buy a property at auction which was badly vandalised 4 days later. I am now involved in ongoing legal proceedings, argueing about the cost of the repairs, trying to rescind the contract. I never sought legal advice before signing athiscontract but from now on will, as when I got the phone call from the cops to…[Read more]

]]> 06c49dc371ccc4bdec72808c80ac92a4 https://www.propertyinvesting.com/topic/4391487-where-should-i-start-thanks-for-helping/#post-4577465 Tue, 20 Nov 2007 10:28:01 +0000 Hi Tim,Your local library should have quite a few of these books available, mine does. Saves buying them!

]]> f3cc4b9a4d6c7314d37aaa8d06df34e1 https://www.propertyinvesting.com/topic/4391468-body-corporate-meeting-in-a-few-hours/#post-4577377 Sun, 18 Nov 2007 07:12:49 +0000 Hello there, I have recently experinced a similar scenario with one of my units. I attended the meeting where everyone seemed fairly intimidated by the managing agent running the body corporate, however as soon as I started listing complaints other owners joined in and it was revealed how frustrated everyone was. We put our managing agent on…[Read more]

]]> e158c1273528f205e70ef39d5394bd3d https://www.propertyinvesting.com/topic/4391313-steves-email-would-you-sell-negatively-geared-sydney-unit-now/#post-4576626 Tue, 13 Nov 2007 06:41:21 +0000 Hi all,Thanks for all your input! I started doing a bit of reserach and talked to another property manager who manages several units in the same building, and it turns out mine is renting out for $30 per week less than what some of the other units are (in same condition inside). He told me he has a waiting list for tenants for one bedders in…[Read more]

]]> de095feb471a0bb441a0b578f7c1d3e7 https://www.propertyinvesting.com/topic/4391098-help-being-lured-toward-real-estate-mastery-empowernet/#post-4575630 Tue, 30 Oct 2007 08:20:24 +0000 I would avoid this, do your own deals.

]]> 4a23a65bdeaab5dc96d5010b307be7a1 https://www.propertyinvesting.com/topic/4391262-south-coast-vs-central-coast-nsw/#post-4576399 Fri, 26 Oct 2007 01:03:56 +0000 Hi,With the Central Coast just check the local area throughly, the council has run rampant on development and not planned very well (I am thinking of Gosford itself here mainly). Also I heard some of the newer developments are so badly build that they already need new front doors, 5 months after being built, due to the building being out of line…[Read more]

]]> e97a284a07886dba990f189bc0e20cd5 https://www.propertyinvesting.com/topic/4391247-painting-vermiculite-ceiling/#post-4576324 Thu, 25 Oct 2007 03:47:06 +0000 You need to spray paint it because that is the only way those vermiculite things don't break off. Another option you may like to consider is to install a fake dropped ceiling, then you can do downlights at the same time. Sometimes it works out cheaper, and it certainly looks better. You have to wonder what those people in the 70s were thinking…[Read more]

]]> 45a78aff645c44522b360b25a8736fdd https://www.propertyinvesting.com/topic/4391037-pets-in-a-rental-property/#post-4575369 Thu, 18 Oct 2007 19:15:44 +0000 In my experience I have found children damage a property, pets don't. I have had tenants keep pets, have never had a problem with them at all as I generally find that good tenants will take good care of their pets and be grateful that they are allowed to keep them. It is children now that I dread, drawing on walls with crayons, kicking…[Read more]

]]> b09c351074aeb76fadead91d8ff32a07 https://www.propertyinvesting.com/topic/4380325-moree-investment/#post-4516946 Thu, 18 Oct 2007 02:54:46 +0000 I don't know about Moree, however I do know about these towns and about places getting thrashed.Some points to think about if you go ahead with purchase:1) Can you get the empty units boarded up until you get a tenant, so risk of vandalsim lower?2) Get top of the range property/landlord insurance, so if place gets thrashed you are covered. Get…[Read more]

]]> e6f9c7ab8cea784abe6ac6194e4d70b1 https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575718 Wed, 17 Oct 2007 11:01:44 +0000 Well I am only starting out in this demographic, so hard to advise you. My first property is in a very nice part of town in a very classy suburb (bought as own home but moved out) The irony of it is that this place was damaged by bad tenants (during a domestic fight) and the agent gave them the bond back and did not tell me about the damage. It is…[Read more]

]]> 0461b27f689b845385b181d9c9212fb0 https://www.propertyinvesting.com/topic/4391136-fencing-2/#post-4575783 Wed, 17 Oct 2007 10:51:00 +0000 Thanks guys,have to laugh at the electric fence (if only we could!). i think wood may be the way to go, i will get a quote done on that, it only has to be basic, not planning to hold it for very long. Someone suggested hedging to me, has anyone here tried that? I guess they could set it on fire, and rip it out if only small.

]]> 53abf73df12a88fe9e9733815f091f81 https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575715 Tue, 16 Oct 2007 07:01:26 +0000 Actually my on big tip for buying off the Department of Housing would be use a top notch solicitor, that way when it goes belly up you at least have someone on side.

]]> 6df3528344ff71bc6ce66414c7c494ec https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575714 Tue, 16 Oct 2007 06:59:08 +0000 Hi guys,Broken Hill has been mentioned to me several times (well more than several times) in my pursuit for a solicitor who can deal with this. Sounds like a lot of trouble there, lots of stories about places thrashed prior settlement. At the moment purusing the one (and only) quote, supplied by the estate agant on behalf of the Housing Dept to do…[Read more]

]]> a6035df9ccbde7af442a526bb33da3ed https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575712 Mon, 15 Oct 2007 10:59:40 +0000 Sorry! Doing this at work so have lots of screens up at once….

]]> 1fa08eacb56be0a78628ecbf96f98598 https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575710 Mon, 15 Oct 2007 08:07:14 +0000 Hi World Hunter,Thanks for your thoughts. Unfortunately when I rang to get builder's quotes (to compare my quotes with agency quotes) 2 just laughed at me and said 'no way, we are way too busy' , a third was prepared to do a quote but said he was booked out until next year with jobs, so was happy to quote as long as he did not have to do the job…[Read more]

]]> 90013713d2bf1eea485d73de4c2a3673 https://www.propertyinvesting.com/topic/4391130-unapproved-structures-to-buy-or-not-to-buy/#post-4575771 Sun, 14 Oct 2007 13:44:44 +0000 Dear Anny,This happened to me some years ago that may shed light on your situation. We bought a house with a separate garage. The purchase went smoothly. We enjoyed the garage and used it all the time. About 5 years after buying the house we decided to refinance. During the refinance process we were alerted by the new bank's solicitor to the the…[Read more]

]]> e6d2523c8d405e4bb8c2acc18b1c36c5 https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575708 Sun, 14 Oct 2007 11:32:20 +0000 Hi Simon,I did insure the day I bought, but insured it from settlement day onwards as according to my conveyancer the dept of Housing was responsible until it settled for the condition of the property. I guess in my ignorance I just assumed that if damage were done than I would have the option to get out of the contract. At the time of viewing the…[Read more]

]]> 3d7c6b8c9373afdf0abbd5c18002ab59 https://www.propertyinvesting.com/topic/4391124-does-the-rates-notice-reflect-true-the-value-or/#post-4575748 Sat, 13 Oct 2007 11:53:35 +0000 Is this the council rates notice, or the land tax notice from the Office of State revenue? They can vary greatly, depending on how much revenue they want to collect per financial year. The land tax may be way overvalued, whereas the council land value may be under value. You really need to do some more research to establish the true value of how…[Read more]

]]> df5fc1ef84249f10595aeee284261368 https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575703 Sat, 13 Oct 2007 08:27:38 +0000 Dear Jensta,How did your ex housing commissions work out?

]]> e7e8fcd52942fe1a81644addece2034d https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575702 Sat, 13 Oct 2007 07:59:33 +0000 There is no subject to finance clause, the housing dept uses their standard contract which I considered and even though I did not like it (especially the 28 day settlement) I decided to risk it. However there is a clause in it that says that prior to settlement the purchaser can inspect the property and it needs to be in the original condition…[Read more]

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