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  • Profile photo of 1HotValuer1HotValuer
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    June 23, 2004 - 1:21 pm

    Check out Homeworld, there are 2 storey dual occs priced at around $200,000 for both.They are project homes and are relatively cheap. Have a look at the Project builders in your state.

    Profile photo of 1HotValuer1HotValuer
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    June 23, 2004 - 1:16 pm

    Yes, having Council approval does increase a valuation. Beware of properties that are sold ‘subject to council approval’ or ‘STCA’. You may not be able to get council approval if you purchase the property.
    I have an example. 2 residential lots next door to each other, sold separately, valued at $300,000 each. Same lot as a townhouse site with Council approval sold for $900,000.

    Profile photo of 1HotValuer1HotValuer
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    June 6, 2004 - 8:19 am

    Kay,
    we use very expensive paper.

    Profile photo of 1HotValuer1HotValuer
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    June 4, 2004 - 1:05 pm

    What if there are no movie theatres in your IP town and the gardens…well no gardens grow there it’s too damn hot. What do I get my tenants? *gulp* A coffee mug with my face on it or better still my a$$.
    Help.

    Profile photo of 1HotValuer1HotValuer
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    June 4, 2004 - 12:45 pm

    Yo, that’s why I’m out there buying as many WA properties as I can. I ain’t waiting for July 1 !

    Profile photo of 1HotValuer1HotValuer
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    June 4, 2004 - 12:10 pm

    Oh Wez…puhlease. Most of Sydney values have already dropped 10%.

    Profile photo of 1HotValuer1HotValuer
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    June 3, 2004 - 11:34 am

    If you are holding property for the long-term, surely, Tasmania, doesn’t have the fundamentals to be an optimal location to invest in property.

    Why not? Is everyone leaving ??!! Are you saying no one wants to live there unless they are logging some forest??
    My property is on the coast and in safe hands.

    Profile photo of 1HotValuer1HotValuer
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    June 1, 2004 - 5:05 am

    Yup, I’d buy the property Kay suggested rather than a hotel room. Be wary of anything that says it will guarantee your rent for a specified time. What happens after? I know of cases where the rent is dropped to half after the term is up.
    I know there are small 24m2 studios in Glebe for $170k. Or you could buy a house in Perth (Beechboro) for the same price.

    Profile photo of 1HotValuer1HotValuer
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    June 1, 2004 - 4:40 am

    Sounds like something a broker would do for you for free. I don’t see any advantage.

    Profile photo of 1HotValuer1HotValuer
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    June 1, 2004 - 3:07 am

    Kay Kay Kay Kay,
    I’ve been doing this forever and a day.
    Although I probably wouldn’t live in 90% of my locations, I’m getting +cf. Yes, I believe properties all have a certain amount of CG and where I buy I wouldn’t care if my CG was negative. I’m interested in cash flow and holding for long term. No my $35000 property does not need repairs ! Thank God. And who says WA or TAS market is flattening???!! Sydney is flattening and picking up speed.

    Profile photo of 1HotValuer1HotValuer
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    June 1, 2004 - 12:44 am

    I bought 2 properties yesterday.
    WA house $35000 Rent $80pw and TAS house/duplex $80,000 Rent $160pw.
    Yield 11.9% and 10.4%.
    Don’t tell me they are NOT out there.

    Profile photo of 1HotValuer1HotValuer
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    June 1, 2004 - 12:39 am

    Good for you for investigating. Keeps us on our toes !

    Profile photo of 1HotValuer1HotValuer
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    May 31, 2004 - 1:23 pm

    My advice would be to sell your house in West Pennant Hills and clear your mortgage of $225k leaving you with $675k. A unit in Epping is worth around $360-400k. You could buy it cash leaving you with $275-315k to purchase a townhouse in QLD. Townhouse on the Gold Coast is worth approx $400k so your borrowings would be approx $85-125k. Use the rent from the unit in Epping to pay off the townhouse on Gold Coast.

    Profile photo of 1HotValuer1HotValuer
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    May 26, 2004 - 11:45 pm

    Valuations are not at all influenced by the LVR. Banks do not influence valuations unless they suck up and buy us a case of french wine…

    Profile photo of 1HotValuer1HotValuer
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    May 26, 2004 - 11:36 pm

    Wezwaz,
    Derek and IBuy answered your question correctly.

    Profile photo of 1HotValuer1HotValuer
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    May 25, 2004 - 6:40 am

    Ummm….

    Profile photo of 1HotValuer1HotValuer
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    May 25, 2004 - 6:35 am

    Yes I watched it. It was interesting to note that the ‘negative gearers’ were getting themselves into trouble. As for the lady that gambled, well she spent her equity on poker machines. It pays to be well informed. For the inexperienced ‘watchers’ it would have scared alot of people or made them more cautious.
    As we all know, positive gearing is the way to go.

    Profile photo of 1HotValuer1HotValuer
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    May 25, 2004 - 6:28 am

    If it was that easy wezwaz, then people like me would not have spent 5 years at Uni !
    I like your thoughts on valuation though…

    Profile photo of 1HotValuer1HotValuer
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    May 24, 2004 - 9:55 pm

    Good advice everyone.

    Profile photo of 1HotValuer1HotValuer
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    May 23, 2004 - 10:48 pm

    Depends if you want to keep working or retire young and rich.
    Meaning, capital growth property is more than likey to be negatively geared (keep working) or high rental return property CAN be cash flow positive which leads to early retirement. I like the country areas or anything +cf. I have many properties in country areas.
    I wouldn’t trust a buyers agent but that’s just me. I prefer to find my own property but then again I am in the business.
    I also buy sight unseen. I have alot of faith in my judgement. If it looks good on paper, I buy.

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