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  • Profile photo of drec0007drec0007
    Member
    @drec0007
    Join Date: 2004
    Post Count: 7

    Hi Dave,

    Thank you so much for your reply. That is exactly the kind of information I was looking for. I think your idea of a mini project to ensure everyone is prepared to do their fair share of the work is a great idea.

    Thanks again,
    Pippa.

    Profile photo of drec0007drec0007
    Member
    @drec0007
    Join Date: 2004
    Post Count: 7

    Hi Dazzling,
    Here are the answers to your questions to the best of my ability.

    1. My brother is still living at home and although he doesn’t want to move out as yet (he has it too easy!) he does want to start having his money work for him. He has spoken to the banks and on his wage they will only lend him $130,000. He was hoping that if we help out that he can get something around the $200K mark.

    2.This I have no idea about. What options are there? I know my husband and I had to choose between tenants in common or something else when we bought our place, but that is the extent of my knowledge of this.

    3. We are considering a 3 bedroom house as we have some relatives who are looking to rent around October and are prepared to sign a 2 year lease. I know more family, but we just want to help each other out. [biggrin]

    4. As mentioned above he needs our money!!!

    5. Although my brother would never purposefully do anything to upset this arrangement, the fact that we are all new at this makes me wary. Good points are also good!

    6. As mentioned above a family home hopefully within 20k’s of Adelaide. Preferably needing a bit of work to tidy it up, but nothing major. For example the place we are in now was owned by a 90 year old male widow, so a weeks worth of work, some polished floor boards and a coat of paint gave us a very modern looking interior. I hope to finish the yard before we start the next one!

    I really appreciate anyone taking the time to help me out!
    Thanks, Pippa.

    Profile photo of drec0007drec0007
    Member
    @drec0007
    Join Date: 2004
    Post Count: 7

    Thanks Homemender, That’s one of the reasons I am trying to get as much info as possible before syaing yay or nay!

    Profile photo of drec0007drec0007
    Member
    @drec0007
    Join Date: 2004
    Post Count: 7

    As a recent tenant house hunting the 3 things we checked for were heating/cooling, built in wardrobes and adjustable shower nozzles.

    As most places have built-ins we haven’t bothered to buy wardrobes so it makes it alot easier if the next place has built-ins too.

    The shower nozzle thing is due to my hubby being tall, but its always nice to be able to have the shower the way you like it.

    Good luck!

    Profile photo of drec0007drec0007
    Member
    @drec0007
    Join Date: 2004
    Post Count: 7
    Originally posted by emcdonald:

    i was wondering if anyone has bought IP’s in South Australia, particularly Adelaide, this year? and how they found the market in SA (was it slowing, picking up or deadpan).

    Be gentle, L-plater alert. I am looking at buying my first IP at the moment in Adelaide (as this is where I live) and am looking for some advice. I am hoping to buy an older style place and renovate it. I’m working to a reasonably small budget, and so would love to know which areas are cheap now, but are likely to increase soon. Eg. not Elizabeth. I’m hoping to find something similar to the change in status that has just happened in Brompton.
    [baby]

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