Sounds like the vendor may have “family” as tenants. Just a hunch.

Hang on, didn’t our beloved Kevin 07 change the rules and declare that we must now be taxed on all income prior to expenses/deductions?

Freckle wrote:

jmsrachel wrote:
Well I guess all we can do now is sit and wait. Reminds me a bit of that movie deep impact.

AU is likely to take the least damage and should recover faster than others due to much smaller debt load and economy that is at least partially supported by stuff others want.

As long as you keep your leverage below…[Read more]

Thanks for feedback folks.To clarify, will they be approachable if I ask them to extend the loan out to the max as I currently have only 6 years left  to payout on a variable loan with still a lifespan of 12 years Interest+principle loan?   In other words, I've knocked it down by half already over the past 4 years.Will they now let me pay lower r…[Read more]

Forgot to say,  totally own outright PPOR currently valued by local RE's at  $750+

I have self-managed our IP holiday rental for 4 years using the following with great success and endless bookings:http://www.availcheck.com/index.php

wadiman wrote:
I live only a few suburbs away from these areas and believe that a lot of the difference in value (compared to adjacent suburbs) is due to much of these suburbs being directly under the flight paths. However, I'm sure there are good pockets and the values are improving as the areas are tidied up.

A friend has lived in Stanmore…[Read more]

Read your contract (fine print) with your managing agent, meet with your solicitor and don't take any other action until you have done this.

Well the Valuer General just sent me my new notification of valuation of my PPOR plot here in Sydney and has raised it by 15%  since the last '08 valuation.  No thanks to him/her/it, my rates are going to increase by 15% over the next 3 years.  I somehow can't see a supposed 60% decrease in the North Shore side of Sydney any year soon. BTW, ..…[Read more]

Totally agree with gyprocking over all brick walls.  It's the next cheapest thing to a paint job.  Well worthwhile and will totally lift any place and visually lifts it and makes any room appear much larger instantly.  Finding semi-retired reputable (word-of-mouth) builders/plasterers is a bonus.I reckon you should definately go for it.

My PPOR still has original varnished cedar et al doors, door & window frames throughout from 1972 and I have continued to ignore any thoughts of painting over them.  They are brilliant as they are maintenence free and are a great offset as opposed to totally whitewashed modern style that seems to be everywhere at the moment.  Walls are easy to r…[Read more]

Please correct me if I'm wrong.I have always thought that the current government increased the FHOG x 3 ($21,000) during the GFC peak, to combat the relaxed FIRB rules, so that FHB's could compete with the foreign investors/students/ near 500,000 immigrants during '08-'09 that truly drove up the residential real estate prices?Because, since the…[Read more]

keiko wrote:

Bonham wrote:
Depends.  I have a holiday rental property, of which none of the common insurance companies can fulfill.  If this is the case, you will need to go with an insurance broker, as your public liability, damage and risk of theft is much higher.My annual premium for a 12 month holiday let property is $375.00 which i…[Read more]

Depends.  I have a holiday rental property, of which none of the common insurance companies can fulfill.  If this is the case, you will need to go with an insurance broker, as your public liability, damage and risk of theft is much higher.My annual premium for a 12 month holiday let property is $375.00 which includes $20M public liability i…[Read more]

I happen to live in the Bushland Shire of Sydney and have had many years dealing with this council over many trees both within my property and on the adjoining council/national parks managed land.Had 2 x 100+ foot high native trees within 3 metres of house slab and had them cut down without acquiring permission as it was legal to do so.  Had…[Read more]