I use it and find it really good. Although I haven’t tried any others because REAP does the job.

Fast Lane- The poster formerly known as g7

My parents used Kelly & Fitzgibbon from Mornington. They were really happy with the service provided too.

Their number is (03) 5977 1056.

Fast Lane- The poster formerly known as g7

The RBA has an inflation target of 2-3% for the current fiscal year. The rappidly rising price of petrol is jeopardising that target, and the RBA has said if inflation exceeds 3% they will seriously consider further rate increases. However, there is a general consensus that, I think this is correct, that every 10 cent rise in the price of petrol is the equivalent of a 0.25% interest rate increase. Becaus of this factor, there are few industry experts saying that the increase in petrol will affect rates even though inflation has in fact recently lifted above 3%. If it were other items affecting inflation, then yes the case for an increase would be stronger.
It’s also a factor that lifting rates because of rising petrol, which is hurting everyone, especially the mortgae belt areas, is such a sensiive and sore area that only a very brave person would want to enter that territory.

Hope this helps…FL

Fast Lane- The poster formerly known as g7

Also there are quite a few listed on the yellow pages website.

Happy hunting…g7

You could say if he withdraws the complaint, you’ll let him use the driveway. Then when everything is approved and the go ahead is given, simply tell him to park on the damn street.

If he puts in an application for development and your’s is already approved you should do everything possible under the sun to thwart his plans.

You might also have some legal options available, so it might pay to have a chat with your solicitor. I hope it works out Dr. X and keep us informed as to how you guys fare.

Good Luck…g7

Hey Pups, great post.

Clearance rates are listed in the API magazine each issue for the preceeding 6 months. In the Jan issue they’re on page 75. They do just metro areas as clearance rates in regional areas aren’t too much of an indicator because they’re not as prevalent in the city.

Any significant movement in building approvals and interest rates always finds it’s way into the news. Check newspapers and the internet and just keep your eyes peeled.

A lot of other info you want is found in the API magazine, but for really specific info, say for a town, reports covering all this can be bought from people like RP data tthat can give a really valuable insight into an area. Also to gauge an area and what it’s like you can always put it up on the forum, at least one person would probably know about the area or would have invested there. If the area is a potential goldmine, keep the secret to yourself and do your own research!!!

As for locals in town, the ideal local is more than one or two local opinions. Try cafes, newsagents, gift store owners etc. and also once again plumb the depths of knowledge on the forum. However be very wary of loaded advice coming from RE agents.

As for indicators I use, I look at what’s for sale, how many for sale, how many under contract and how many have sold recently. This is just a start, everyone has their own research fetishes. For instance one town I was studying had 140 places for sale and no more than 5 under contract. I also watch towns like a hawk and fairly soon I sort of become a somewhat market expert on the area even if it’s on the other side of the country.

Also generally and over all, trust yourselves. You would know deep down if a place is cooked or a shoddy deal etc. Listen to that inner voice that speaks in feelings and get stuck in. The deal of the decade rolls around once a week.

Happy hunting…g7

Congratulations Shower Singer this thread has finally gotten me out of my 2 month posting hiatus.

Springfield Lakes pops up every now and again on the forum. Type in Springfield Lakes into the search thinggy and read some of the other posts.

I really believe the hype surrounding the whole thing is really hiding the cracks starting to appear. Get a hold of the local rag each week as the problems for the area seem to be escalating. As I’ve said in other posts you could invest and take some good tax breaks, depreciation etc. but I believe you could do much better with your money.

Redbank Plains up the road has been earmarked for denser housing etc. in the blueprint or whatever it is and could see some good gains in the medium and long terms. It also seems well priced compared with lots of other areas. Just a thought though.

Hope this helps and good luck with your investing…g7

Hi Dianne,

Be very careful with industry specific investments. Usually management fees, body corporate etc. will eat any decent cashflows generated. Besides 7.5% doesn’t sound that good either for this type of investment and sometimes financing them can be prohibitive.

Having said that though, good deals on these properties do exist and there have been people who have done all right out of them. It’s just a matter of weeding the good ones out off all the other riff-raff on the market.

Also, if you do decide to go ahead there always seems to be plenty of these on the market. So there is no reason why you cant be hard nosed in your bargaining for them. The one for $98k might be able to be bought for $80k or less. If not there are probably many more out there at around $100k that could be. You’ve nothing to lose and everything to gain, plus the experience will be invaluable.

Good Luck…G7

Marisa,

If you think she’s unstable and a bit ‘close to the edge’ you could always put a surveillance camera half way up the tree pointing straight at her house.

Or if that fails you could always do what Gross said and get Dazzling over there to have a chat. I’d suspect she wouldn’t bother you, your PM or your new tenant for much longer…[grrr]

Hey Pen,

There was a post about these types of properties a little while ago. The thread does trail off a bit because of some idiot posting about one of his houses out in the snow fields…

Anyway, here’s the link

Hope this helps…G7