Forum Replies Created
Gold.
Thank you.
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duckster wrote:contact council see if you can renew the DA applicationCheers Duckster. What do you think my options are to get copies of the plans?
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Hi Solomon10.
I'm researching the same right now and early results are showing that people are asking $100 – $150 per square metre more than equivalent non DA'd land. Like I said, early signs. I will need to look at other similar suburbs and collate more data ….
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I would have thought that we're moving further and further away from being a cash based society…
Anyway,
The only way to make money from these that I can see is to say in the case of a pub, disallow credit card or eftpos transactions over the bar (Some busy pubs in Melbourne have this) and politely direct people toward the atm in the hall, which they also make a nice cut from….
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Great info from both of you. Thanks for sharing ….
xdrew wrote:Here is one for when you get professional.I have an old lockup shop that I purchased many moons ago for a pittance.
Its no longer any real value as a shop .. since the area has a proper mall nearby. So i got it as a commercial space .. for a couple of bucks instead of a heap of bucks.
It has residential upstairs, so that has got rented out for a cheap but fair rent. I basically own the shop outright so as long as there is someone paying for upstairs thats fine by me.
But here is the kicker.
Downstairs is used as a storage compartment for everything i might need. Its got all the tinkery things I need for sprucing up a place .. a set of chairs, a cheap lounge setting .. a couple of vases … a bit of intricate lively carved bits of wood, a bookshelf and some blandish important looking books. Boxes of old documents and papers .. its like a storage facility without the ongoing hire costs. Cheap .. useful and brilliant. The renter pays the bills for me and the lot downstairs for storage is a freebie.
The shop has a professional looking frontage so it looks occupied the whole time. It has a business title and no business phone number. This is basically done to make it look occupied and prevent theft.
So to sum up, I have turned a useless old shop into a storage area for my sprucing up stuff and old documents, and have a renter paying my overheads on the place. Capital gains? sure .. but in the meantime its got a use too.
To scare you as to how cheap I purchased it .. it cost me 120,000 and I paid in cash. So eight years down the track .. its been not only a great idea .. but a hell of an investment too.
*** salivating ***
wisepearl wrote:just thought i'd update this… seeing as job was finished some time ago. ended up going with my sparky mentioned above, as i found him so decent to talk to, and the time he took to walk through the house to get a thorough understanding of the job and his ideas gave me confidence in him. He hired in apprentice between when he quoted and when he did the job, so the apprentice also worked alongside him on my house for the original $85/hour. The total job came to roughly $3100 which included the full rewire, new RCDs, half hour new power points and light switches, connection of new light fittings, new ceiling fans. I was very impressed with the service and the price. Most fixed quotes were around $5-6k. I will be calling him for all future electrical jobs, and though he will continue to charge by the hour his estimates are reasonably close to the finished charge and I have observed him working hard, fast and efficient in that time and he deserves every $ he charges. I have happily referred him to others. Cheers, EmmaHi Emma.
It comes down to a combination of being happy with the work, having trust in the person and being happy with the price. It's great to see these things all coming together for you. I would be very happy with the price. Well done.
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JacM wrote:Keep in mind that tradies have rather physical jobs, which takes a toll on the body. As such they will have to retire from the profession far earlier than someone with desk job. With that in mind, it makes sense that they need to charge accordingly.
.I'm not really sure how that line of reasoning stands up to justifying hourly rates. Experience and knowledge (IP) has a cost associated with it.
Hi investors, this is my first post.
I am a sparky so this thread caught my interest.
I believe $85/hour is a reasonable price for a good domestic electrician.
My retail rate is $110/hour with my day rate coming down to $90/hour.
In my experiance with electricians you ordinarily seem to get what you pay for.
Remember you are paying for a licenced trade as you are with plumbing ….
Cheers,
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