As Jamie said- It’s all relative. I know when I started looking in Mt Druitt there seemed to be a lot for rent but the vacancy rate was VERY low. It’s because there are so many houses (it’s such a huge area).

Good luck with your purchase.

I wouldn’t think it would be advantagious.

Are you going to pay for them all to list it on the internet??

Why would someone devote time to your property when someone else could sell it after they’;ve done all the work? I didn’t think people did that any more.

You need to know what your property is worth then decide which agent is working for…[Read more]

If they knew they could ask you to get the loan down to an acceptable level.
But often they wouldn’t know. And they don’t really want to call loans in.

Nothing you can take care of really. And the bank can ask anything they like.

As you said, unless you are buying more property or refinancing there wouldn’t be anything to allert them of the…[Read more]

I used to like the way it showed which threads had been added to since you last looked.

Steve thank you for this great forum. I guess we are creatures of habit and don’t like things to change. But once we get used to a new way we realise that the old way may have not been so great after all.

Hating it. I looked once and have to admit I haven’t bothered in a while.
Font is WAY to small on the title headings.

Can you make the spacing smaller so a bigger font will take up the same space?

Terry I don’t know why your quote says I said that. The OP said that.

I’m not up on construction and CGT.
So just checking that I have this right- You AND your brother both own the existing property with a house on it?
You can only claim the exemption on one property at a time so if you move in to the back one and want to claim that you will lose the exemption on the front property.
You can claim CGT exemtion if…[Read more]

No, don't be sorry. Everyone started out not knowing anything (contrary to what some people on property forums tell you LOL). We all leant along the way. Asking questions and getting answers is better than not asking and risk making mistakes.

Over the years I have saved myself from making numerous mistakes just by reading property forums.

Keep…[Read more]

Hi, you don't choose whether to set it up as an IP or a PPOR.

If you live in it, it is a PPOR, If you don't then it is likely to be an IP . But you can claim it as a PPOR for 6 years and not pay CGT  If you live in it first then rent it out (and don't own another PPOR).

Why do you want to buy to sell then buy again? That's not a very good…[Read more]

If you have seen the agents sign THEN put the letter in the agent may still have a claim. It's about who introduced you to the property.

There have been many court cases where people have changed agents but sold to a person first introduced by the first agent.

The seller needs to read the contract.

I' pretty sure you can't pay yourself for working on your own property (not legally anyway).

Same as I can't pay myself for managing my properties. I can pay someone else though (friend etc).

If she wasn't an owner- different story.

The house is in Mt Druitt (outer west suburb of Sydney).

Yes that's correct. This was $165K. We spend $25K. Then valued at $250K. That was 2 years ago. It would now sell for $300K.

Western Sydney went crazy in 2013.

Most of the others we spent $15K and had an increase of $50K+.

Double post

trevismarcus wrote:
I think you buy your own house to live in first.

You might but it might not be the best decision for the poster. Financially wise it is often NOT the best option.

Catalyst wrote:

Hamish_Q wrote:
Hi all,
I'm looking to get into the property world and am getting mixed opinions from family friends about buying my own house…[Read more]

Hi. I edited it. I think it came up as my personal login so would allow access.  They are the three in order.

We just use the material, vinyl type verticals. Great for rentals. For buy/sell though I'd probably not use verticals. Venetians look more expensive. 

Yes vertical blinds. Cheaper than venetians and for rentals if a couple of venetian slats get bent it looks terrible.

Our kitchen supplier makes to measure. I draw it up and send it to them. It takes 6 weeks so I order it as soon as we exchange contracts.

I want to get at least $3 for every $1 if I'm putting labor in.  We haven't sold any. We…[Read more]

davemoris wrote:
You are absolutely right. I couldn't picture out myself as a millionaire. Naturally, human doesn't have contentment. Even if you were a millionaire, you'd still be finding something that most people(without lots of money) have and you don't. Well, I'm happy with what I have and what I am today. I'm glad to see everyone's opinion…[Read more]

Kitchen- We buy from a wholesaler. Price $2,500-$3,000 (the $3,000 one was huge). Install $600. Plumber (friend $150). Oven, hotplate, rangehood, sink, taps etc $$1500. = $5,000

Bathroom. We strip it. Tiles we buy at a wholesaler. They usually have something on sale. Bath, vanity, taps (look on Ebay for baths etc). We have a few shower screens…[Read more]

We typically strip out the kitchen and bathroom and replace both. We do the flooring (sometimes carpet, sometimes polished floorboards).

We paint throughout  We pay an electrician and plumber and a carpenter for a few days. We also pay a tiler to waterproof and tile the bathroom. We do the rest ourselves.

Typically 5 weeks start to finish.

Do you want easy or accurate?

Easy- Look at rental yield. It needs to be at least 1% higher than the interest rate (very rough).

I like to work on real figures.

Costs out- interest, land and water rates, management fees, strata (if applicable)

Costs in – rent. You can also add depreciation)

See if it puts money in your pocket or takes it out.…[Read more]