In ABS I was able to find Building approvals data from December 2002 to Nov 2003 , this gives you a break down of each state. The data is for new buildings so it gives an indication of how many new buildings & the money spent for each state.
Does anyone know what other information is available in ABS eg: do it contain housing prices for suburb’s ???

Originally posted by Monopoly:
Domo,

Take a look at http://www.reports.rpdata.com.au and select the state, then suburb of your choice. It’s not a comprehensive graph, but it does have some valuable info.

Cheers, [biggrin]

Jo

Jo
Thanks again I will have a look at it to see if I can decipher it !!!!![upsidedown]
[specool]

I was able to graph some ABS data , it is housing purchases for each state , if anyone is interested I could email you the graph . ( I am not sure how much help it would be )

Does anyone know where to look in ABS fro more specific data ?
If you could get data for a specified suburb it could come in very handy.
Does anyone know if can get…[Read more]

Originally posted by luckyone:
I have read that it can actually be quite good to rent to people who have pets as it is hard for them to find places and will actually stay longer and take care of the place better as they don’t want to have to go through all of the hard work of finding a place that will accept pets again. Personally, if I had a…[Read more]

Originally posted by elika7264:
Hi Domo,

agree with you totally that you need to match tenants with the property.[biggrin]

But the balance of your argument has some holes. Just because someone has children or pets doesn’t automatically mean increased damage. It really comes down to being especially careful when selecting tenants for your…[Read more]

Originally posted by Monopoly:
Domo,

You can discriminate against pets, but don’t even try to make it look like you are discriminating against children otherwise you could be have legal battles on your hands!!!

Pets is one thing, but children an entirely different ball game. NEVER EVER EVER advertise NO KIDS; even if potential tenants don’t…[Read more]

I am now looking at Exclusive Leasing and Managing Authority paperwork.
I have been told by the PM that this is a standard from prepared by REIV. I have started reading the document & it seems that the important section is titled Level of Service from what I can make out this is where conditions are added such as
condition reports ,tribunal…[Read more]

Monopoly
You have helped heaps.

You have started me thinking [tired] !!!!!!!!

My next step will be to list what I think are the features of the property so that I can point them out to the PM & so that I get into the mind-set of looking at properties from a functional point of view…. [thumbsupanim][thumbsupanim]

I have received lots of help…[Read more]

Originally posted by thecrest:
Hi Domo
You would get close to the mark if you did all your homework as per the other posts, then spend a Saturday looking at 5 rental properties which most closely resemble yours.
If you can’t find 5, then you are in luck, because the tenants won’t find them either.
Then choose rent level in conjunction with your…[Read more]

Originally posted by Grreg:
Hi Domo!

Ring up a few PM in your town and tell them you are thinking of moving out there soon due work oppurtunities and tell you need a 4 bedroom house with garage etc (Whatever your house has) and then ask them what they think that you will have to pay in rent for a house like that…

Do the same thing for all the…[Read more]

Originally posted by Monopoly:
Hey Domo,

I understand what you mean (well, sort of). That is, okay I understand you are trying to get a fair comparison between yours and other 2 bedder units with a LUG, and I would assume others do exist as you have mentioned. But what do you mean “that looks similar”??? I mean, is yours an architecturally…[Read more]

Monopoly

When I say I can’t find a property that compares , I mean one that looks similar.
When I looked up rentals on the internet , I searched on 2 bedroom unit with garage , there was a difference of $60 per week between the lowest & highest . So I thought I would try to find one that looks the same , I couldn’t so I had nothing to compare…[Read more]

Peter

By following your approach you can work out an estimate of what the rent should be , there is quite a bit of work involved to keep the data up to date.
Wouldn’t it be easier to take the advice of the PM , which is an estimate & if there is no takers drop the rent ???

If you are not planning to be a PM is it worth trying to understand what…[Read more]

Yorker
I agree that the amount of rent depends on the location ect…

What I am wanting to do is to determined if I am getting the current market rate in a suburb.

There are allot of successful people out there who are or have been in this situation & I imagine different people have a different approach.

The great thing about forums like this…[Read more]

crest133
Thanks for the advice.
It’s time to read contracts [baaa]
In the contract I will go for Black or White !!!!
so that everything is clear…..

Thanks to all for the information.
I started reading Insurance Product Disclosure Statements [baaa] ( How exciting )!!!!!

I have decided to go with Terri Scheer as I found the information to be set out in a clear logical way plus it had a few extra’s which some others didn’t have.
It is always a risk in doing something you haven’t done before &…[Read more]

thecrest
Thanks for responding to my cry for help.[biggrin]
I always appreciate great advice , a push in the wright direction can make a huge difference.

I assume that the conditions that you have listed should be part of the contract , but how detailed should the description be
eg : is ( periodic inspections ( $ nil ) ) ok or should it be…[Read more]

I am starting to look at Landlord insurance & am currently reading Product Disclosure statements.

RentCover Plus Ultra
Covers malicious acts ( but not by you or by tenants or their visitors )
The above line is from the document which I downloaded yesterday.

If the above is correct then what is the use of malicious acts cover. I have seen one…[Read more]

Scott I would like to have a depreciation schedule prepared , will I call your office & ask for you ?????

Thecrest thanks for the tips , I need to give the aggrement some thought next.

The more research you do the more questions need to be answered.

Price !!!

All PM’s that I have communicated with have told me that the fee is negotiable.
The Management fee plus a letting fee.
Can someone please point me in the Wright direction ????
When negotiating…[Read more]