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Viewing 20 posts - 921 through 940 (of 1,206 total)
  • What is the property like? Are we talking better than average sort of area? Are the renters more of a corporate mob?

    If not maybe go with laminate flooring with a timber veneer. It'll wear a bit better, wont cost as much. i would only put floorboards in if there was going to be a return on it eg better rent or if people in that area expected it. I wouldn't put boards in bedrooms as your market with that size is family and families wont love the extra noise and the dust bunnies. Also for little kids carpet in bedrooms is better for crawlers and toddlers. For bedrooms a neutral textured carpet is good, wont show dirt will wear better. I would get some nice cheap builders grade or rental grade done.

    D

    DWolfe | www.homestagers.com.au
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    Still all tiny studios that will require larger deposits upfront. Don't love it. What is wrong with a 2 bedder further out for the same price?
    do cosmetic reno then get a depreciation schedule done.

    D

    DWolfe | www.homestagers.com.au
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    Hey all,

    I'm with running away with all of the others on this. I forund one in Wellington (near Orange miles from anything for uner 100k but the rent is $110 p week needs some work probably rent for more then. Hey Sonya had much luck in Vic? My one is ok but haven't found any since then. Where have you bought in NSW, Hunter Valley?

    Good luck Alex maybe you can find someone who will go halves with you to top you up to 200k then maybe you will have a fighting chance. 20m2, So it is the size of a double bed that's it.

    D

    DWolfe | www.homestagers.com.au
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    hi E Hammond,

    Have you called a few builders just to ask about pricing? A few big builders (Metricon) are very approachable to get inital prices from and then you can call a few small builders from to get a clearer picture.

    From what I read too it seems like you build two properties. Have you seen and studied the plans to make sure of what you are actually buying?

    Building costs for things like townhouses can be anywhere from 180-220k and up depending on what is included. Many things are not included such as fly screens, landscaping, blinds, light fittings, boundary fences (which may need to be removed to allow trucks/excavator access). This will very quickly add up so get as clear a picture as you can.

    Are working drawings included or have they been done. These are the second lot of drawings given to your builder which outline exact specs of materials measurements etc. These can cost as well to have drawn up so add that to the sale price.

    As I understand it a duplex or 3 house block is worth a bit more strata titled when it comes to selling as you can sell them individually for more. Also this allows you an out by selling one if you think that you need to get out or if you are going to get a really high price etc.

    Talk to your accountant about buying this the right way as you do not want to have to pay heaps of tax if you need to get out of it  and sell for whatever reason.

    Please get all the figures and time frames as well as it may not have sold as there is not much or no profit in the deal from a development perspective. It may be ok as a one off buy/develop/hold. Building time will also cost you in holding costs for interest and if the rental amount has to be dropped to keep a tenant living on a building site. It may take anywhere from 6 up to 12 mths for actual construction time so calculate how much interest you will pay during this time.

    If after all these calculations and questions and phone calls the deal stacks up then go for it. Most developers go for a 25-20% profit so if you come out at anything less than 15% run a mile and anything in between think very carefully about if it is worth it.

    Good luck, I don't want to put you off because it is really great fun but there may be other projects that you can control a bit more and maybe make more money on.

    D

    DWolfe | www.homestagers.com.au
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    You will make a happy marriage knowing your place my friend LOL! Wait till you have kids, you will be number 2, 3, et hehe!

    D

    DWolfe | www.homestagers.com.au
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    Hehe! Maybe so every can gauge the nerves part….lol! My parents practically shoved me down the asle! "He'll take her? Done!" Grandchildren!!! Hooray!!  lol. I'm pretty sure that's why both my brothers came, so I didn't do a runner hahaha! Hey, I'm kidding!

    D

    DWolfe | www.homestagers.com.au
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    4ish years…. It was on it's way when we were living over there for work. We did buy and double our money, but double is not triple lol!

    D

    DWolfe | www.homestagers.com.au
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    Yeah, I am going down to Geelong to see what is down there. I drove back through it on the way back from a week in Lorne and I was amazed at how big greater Geelong is and how many big shops, rail yard and industry. I'm going tomorrow (my dad wants to look at a car 2 birds 1 stone!) benno it would be great if you could just draw me a really broad demographic/area map so I know what I'm driving through. Thanks in advance!
    Sad story fword. I could have bought an older house oposite really nice park, walking distance to Belmont shopping center (WA), 1000sqm block for 240k. Now they want $640k for the same thing. Crying buckets.

    D

    DWolfe | www.homestagers.com.au
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    $450? Yeah Mitcham is in the 600's even Croydon is on at mid 500's. Montrose has an ok road out but no rail. Kilsyth was on my list but there just isn't that much around there to draw in huge amounts of renters or buyers. And once again no rail. It will always be ok as an area but not special. (I may eat my hat later) Ringwood East is good with the hospital redevelopment and the hop skip and a jump to Eastlink and Eastland SC. Still shopping.

    Wantirna South is the sleeper. I think it will be the slow and steady growth. Not huge jumps but a nice even percentage each year.

    Just my opinion.

    D

    DWolfe | www.homestagers.com.au
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    Yeah Shoalhaven still has a bit of cheap property getting around. What do you guys think about Tamworth?

    D

    DWolfe | www.homestagers.com.au
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    Well FWord, now I know who I am fighting it out with in Croydon, Mooroolbark and Lilydale. (As well as all the FHB who will pay ANY price)

    I also like Mitcham an Nunawading. I like Carrum and Wantirna South as well.

    I like Geelong too but I haven't started looking properly yet.

    Sorry I forgot the WA ones East Vic Park and Belmont. They had a huge price rise years ago and are gearing up for another one.

    D

    DWolfe | www.homestagers.com.au
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    Has Mt Eliza had its day? Or is it blue chip for that region? Will it always grow at a set percentage each year?  How is Frankston South for cash flow?

    I think I need to buy a crystal ball, some residex reports and some henchmen for my evil property empire

    You've picked 2 'nice suburbs'. Hows your numbers?

    Probably should start a new thread……..speculation on areas.

    D

    DWolfe | www.homestagers.com.au
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    Ringwood, Geelong and Knox, Frankston.

    Mini-Melbs! All roads lead to the biggest shops and the most new housing estates. Ringwood will have to wait out another year or two to give the locals time to get used the the Eastlink end looking like it falls into a void. Then it will be back on its way.

    D

    DWolfe | www.homestagers.com.au
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    I don't understand why so many big business HAVE to have offices in the center of major cities. Maybe they like big towers. Most employees have to commute in to these areas packing them full of people and full or cars. It must also waste so much time. They could get people to start an hour earlier rather than sitting in their cars!

     Hey Sonya picking up some good buys in NSW? I've seen some really cheap under 100k (didn't know you could still get something THAT cheap). I'm going to get out my reusable shopping bag and start putting properties in like they are apples! LOL!

    D

    DWolfe | www.homestagers.com.au
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    LOL!

    Uhh Ryan …..Shhh I think we're on to you!

    D

    DWolfe | www.homestagers.com.au
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    A one hr commute to London is considered the norm.

    I used to drive 1 hr to work and 1 hr home as that was the only job I could get and I was thankful for it!

    Perth has had the right idea for a while. Build up the inner suburbs as there is no real infrastructure further out. Then as people have to move further out then build infrastructure.

     I was about 18-19 when I was at a party and a German exchange student said to me…..why don't Australian's build on all of this land (meaning back yards). In Germany we would build on this. To which I the very young thing said noway why would we? There is plenty of land in Oz. I like the birds on my back verandah and a big backyard.

    10 yrs later…….

    D

    DWolfe | www.homestagers.com.au
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    Where are you? Melbourne I am going to say yes. Melbourne is going to go through the biggest 12 to 18 mths of crazy. Sydney? Probably. Perth? Probably. If you think you are going to get priced out quickly then get in.

     I would love to own my own home…….but the home I "want" is a double block in Camberwell in Vic with a Fasham  house on it. It also would have a 10 person spa and a giant hedge that is manicured by my gardener. Oh by the way when my cleaner comes she brings her team with her.

    So until I can get my dream home I will invest and hope that the decisions I make lead me to my house goal and the many other goals I have in life some which involve money and some that don't.

    The main thing is to do what works for you and your family. We have to move all the time for my husbands work, so buying a house to live in for us would be idiocy. Whereas if you never had to move ever than in your area it may make really great financial sense. Keep thinking.

    D

    DWolfe | www.homestagers.com.au
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    Hi,

    Couple things about kids. They walk. So at anywhere from 10mths to 15 mths they will start to wander around. Near those stairs, near that brickwork that juts out just at the right height to hit their head on. the back yard suddenly shrinks from HUGE for you and your wife to NOT big enough for an exploring toddler.

    We moved into a 3 bed unit (renting) when I was 5 mths preggas with our 1st child. We moved when he was 11mths as we had STAIRS! No backyard, 3 sets of stairs and we had heaps of space…….until we had kids.

    Now we have 2 kids (hopefully but sadly probably the end) and we live in a 4 bed 2 bathroom house and the youngest is only 11 mths. Kids get everything in a house. You need a bigger car to fit the giant car seats in. Bigger car you get. They need a yard to play in right? You get a house with yard. You have a sibling for them, sibling wakes them up, separate bedroom right?

    Hahaha it just goes on and on but is so fantastic and fun that you really don't care in the slightest that every dollar you get you spend on them and every minute you get you spend on them. Very fun!

    I would advise renting the desired family house first to try before you buy especially if you are not quite sure. Having kids is nothing like you think it will be no matter how you picture it.  It would not be the best to buy something that you think is right only to have to move later and try and rent it out quickly or have to stay on and suffer. And trust me and your wife, you will suffer if it isn't right :)

    Enjoy it, kids don't stay small for long. When they can walk and talk they start telling you what to do! (He is only 3!)

    D

    DWolfe | www.homestagers.com.au
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    LOL

    Epson EMP-S1h I dunno haven't told hubby yet, he probably wont even notice it is gone it has been in the cupboard for a LONG time. Have a squiz on ebay or something tell me what you find lol

    D

    DWolfe | www.homestagers.com.au
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    Well today tonight isn't good lol but SM came off looking very polished. BTW Steve we could see the screen on your comp and you must live on the Forums too !

    A lot of what was said is true. I still think affordability is in the eye of the purchaser. My parents paid $93k for their house and now people pay $300k for the same thing. They don't say oh no thanks I can't afford it they try to get mortgages.

    I think the govt releases crown land slowly because if all the land was able to be developed the bottom would fall out of the property market and out of the country.

     A lot of Australia's wealth is held in the ground and in the houses. There is not huge amount of manufacture such as in China etc to hold money in the country. When you think that there are billions of bank dollars allocated to mortgages…..

    Also think about all the extra taxes that home owners and investors pay, stamp duty, council rates etc it is a big earner for the govt, banks so they have a vested interest in keeping prices increasing yet still allowing lending and encouraging home ownership

    Just some thoughts

    D

    DWolfe | www.homestagers.com.au
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Viewing 20 posts - 921 through 940 (of 1,206 total)