Forums / Property Investing / Value Adding / Floating floorboards on Ebay

Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    Just wondering if anyones used these in a property? Are there any brands/sellers I should avoid?

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,840

    Do they comply to Aus Stds? Are they from one batch? How is the range of colours between packs? More than just the usual questions need to be asked when purchasing some goods over the net.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    Thanks for the response Scott. My wife is going to order a couple of samples. We’re also going to grab some carpet online. Nothing better than a cheap, cosmetic reno!

    I’ll report back with a verdict in a couple of months.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of jacqui_03jacqui_03
    Member
    @jacqui_03
    Join Date: 2010
    Post Count: 142

    Hey Jamie,

    Where is your latest purchase/renovation taking place?

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    Hey Jac

    We’re moving into an IP we have on the southside of Canberra. There’s some potential for value add – we’re going to replace the flooring, paint, reface the kitchen, carry out some work in the bathroom and a bit of landscaping out the front. We’ll get it revalued afterwards and hopefully tap into some equity for the next purchase.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of jacqui_03jacqui_03
    Member
    @jacqui_03
    Join Date: 2010
    Post Count: 142

    All the best with the reno Jamie.

    I would be keen on buying in Canberra or Queanbeyan.

    Can you recommend any suburbs in Canberra which are worth investing in for cap growth and yield?

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    Hey Jac

    Good question. In Canberra, I personally prefer the outer burbs within the Tuggeranong region – suburbs where I can pick up basic 3 bedroom places on decent blocks of land which can do with some cosmetic renos to add some equity. Yields in Canberra are around the 5% mark – this can be boosted by allowing pets and carrying out the cosmetic reno’s above.

    Quenbeyan’s better for cashflow deals. I see some value in the market for 2 bedroom units. The older stock can be tarted up quite cheaply for an instant equity gain – the yields are also quite good. Tenant quality can be an issue and the rep that has been bestowed on Queanbeyan (particularly from Canberrans) continues to exist.

    Long term, I think an IP in Canberra on a decent block of land will do well. The smaller size of blocks in the newer estates coupled with the slow release of land by the ACT Govt. should hopefully deliver growth for these types of properties.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,840

    Jamie, you're not thinking of using them up in Brisbane/Ipswich are you? 

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    No mate – these are for a Canberra property :)

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,840

    Just thought that they might come in handy up there.

Viewing 10 posts - 1 through 10 (of 10 total)

You must be logged in to reply to this topic.