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Im in Construction and i have never charged for a quote! i would dispute it with the property manager, is their an actual invoice from the tradesman for the quote or is it simply an invoice from your property manager? your property manager should of gotten 3 quotes and used the cheapest.
I have just bought a residential property in between 2 businesses and have converted it to an office….alot more money can be made renting as a commercial. have a think outside the box and see what you could do with it.
thanks Jamie that has some very helpful information.
quick answer. Yes
Hi mate, goods to see somebody talking about Townsville!
I live off golf links drive and think that this side of kirwan is great their is next to no crime here, but the other side of kirwan is quite different when it comes to crime and so forth.. i believe the best 2 suburbs at the moment would be
Garbutt-it seems to be a place for property developers at the moment a lot of renovating going on and the large blocks 800-1000 very close to the city it is slowly becoming modernized.
South townsville– also very close to the city and with the plans for a new stadium their i believe it has great capital growth opportunities. i would also stay away from units i believe Townsville has an oversupply.
anyway thats my opinion for the moment DYOR
Hi everyone and thanks for the replies, ok so a few things i will tell you. The loan i have is a DHOAS home loan with NAB it has an offsett account and Department of veteran affairs pay me a subsidy of around 255-300 a month off my principal for another 11 years because i was medically discharged from the Army. I don't know if they are very flexible with making a new sub loan or to get a line of credit to access equity. i have a good mortgage broker in mind i am going to go see shortly though.
I have a casual job operating machinery bobcats and excavators that sort of thing. So i am sure i would be able to renovate the back yards and save some cost their and also with demolition side of things i can do all myself. I would be using Tradie mates to help with tiling.painting,electrical, all that sort of thing.
No i have not found any properties yet but am looking, I live in Townsville and their are some suburbs im interested in.
Im also interested to see how much borrowing capacity i have if i was to not redraw any equity.
I currently have a income of 55k before tax plus my casual job which averages out to about 400 a week after tax.
i have a car loan for my gf that owes about 15k and i have credit cards to a max of 8k. My home loan is $2218 a month
How much more could i borrow?
thanks for all the great advice guys i appreciate it.
yeah they let you trade with commsec and also property, i dont mind high risk investments, you know what they say "when their is blood in the streets buy up big" more people in America became millionaires after the great depression than any other time in history. their are amazing prices for shares at the moment! cant wait to get some bargains.
Thanks Streamline, that site you suggested is doing it for free at the moment a special offer! so i decided to set one up and will update you on how it all goes
thought this page had something interesting to say about adding solar to your home, it could increase its value by up to 4%
http://www.sunconnect.com.au/solar-panel-benefits/increase-in-home-value/
Thanks thecrest, If their are any property valuers on the forum i would love to hear how much value that could add to the property?
The angle i'm coming from here is I don't want to sell my property in the near future but want to see if the banks would recognise the value difference in my property with a income producing asset added to my PPOR? Because what the bank values my house at and what the market would pay for it are 2 different things..
Thanks for your reply luke, I think your last paragraph hit the nail on the head, its very hard to add equity to a new home which is the very reason i am interested in this topic and apart from wiping out my power bill and have ergon pay me which covers my rates.
Thanks BMW, Energy Matters is the company who i bought my system off!
I also live in Townsville Queensland which is one of the best places in Australia for solar. the current Feed in Tariff is 44c per kw and i think they lock this in until 2028? from memory give or take a couple of years.I'm more interested in keeping my house a PPOR but want to get it re-valued so i can access the equity to buy a investment property.
i'm currently at 80% LVR and they bank wont really let me do much because i have other debt credit cards ect…Thanks for your reply, My house was built 3 years ago so everything that could of been done has been done. Its a brand new home! so their isn't anything I would upgrade. Surely having an income producing asset within the house would add more value then repainting walls and new carpets or fittings or decking in a new home?
If i went to buy a house, And House 1 was 3 years old granite bench tops, the works a really nice house for say 400k, and then a couple of streets over was a very similar house but it was producing money every year that would most likely cover the rates as well as having no power bill surely it would have to be worth …..well I don't know that's why i started this topic to see what people think something like that would be worth compared to house 1. How much extra would someone be willing to pay?
The only maintenance involved with Solar panels is you are recommended to give them a clean with water and a sponge once a quarter.. apart from that you don't have anything else to do with them to maintain them.
I bought award winning solar panels that produce the most amount of electricity out of all the panels on the market and also have a quality inverter that everyone I know recommends. so i have peace of mind knowing that this system will not be breaking down any time soon it comes with a 25 year warranty.
