Forum Replies Created
LOL has been an "interesting" discussion and I thank all of those who took the time to reply to my post. Maybe the rental increase I just put forward has had something to do with it
I will just pay the bill but make it clear that I would like to be contacted next time it happens before acting on it. $132.00 for 5 minutes work. I think that my plumber husband needs to increase his rates I have just received this from my Property Manager in Moranbah and thought that some of you maybe interested.
"I just wanted to touch base with regards to BMA’s Standards that are now required. As you can see they are wanting close to new or freshly renovated homes at this stage and are
looking for the properties themselves (no tenant is allowed to enquire on behalf for an external rental).
BMA are also now renewing from $400 – $500 and expecting 12,18 or 24 month lease. They won’t accept any rent increases with in the renewal or accept a short term lease.
They will vacate if you won’t accept their offers and have no issues moving families. I know this is a shock but unfortunately it is now the expectations.
This is for the Moranbah sector in which I received this information, Dysart I expect will be the same but at this stage aren’t looking for externals."
And then this from BMA
Standards
"External Rentals & House Purchases
•I•M•A• BHPBillilon Milsubishi Amance
cr :The below are"standards that are utilised by Accommodation Services to determine if properties
are appropriate when assessing homes for future rental or purchase. These standards may not
be available in all current housing in the accommodation pool. "
• No asbestos
• Structurally sound
• Fit for purpose
• Does not require rewiring
• Modern Kitchen & Bathroom
• Good size bedrooms (to fit a double bed) with built-in wardrobes
• Ensuite to master bedroom and bath in the. main bathroom
• Adequate storage for size of property
• Air-conditioning throughout
• Fully fenced
• Flyscreens
• Under cover car a"ccommodation dependent on accommodation size.
• Appropriate and undamaged floor coverings
• Recently Painted -Interior. Exterior paint in good order
". No pool
• Internal staircase if double story built in house
• Rental Amount – Within budget – currently under $500 per week
At least they are renewing
Thanx for the comments guys.
It was actually my Property Manager that asked me on her behalf.
She will be paying for it herself
Thanx for your time and advice Freckle
Hi Steve.
Is there anyway that I can activate email alerts for any new comments made on a particular thread that I am following ?
Would love to be able to do this
Thanx
Hi Mr Prop.
Give me your email address and i will forward a copy onto you. I received an update only yesterday so info is as current as you can get
Hi everyone
I have some very interesting and detailed stats (CMA Report) on the Moranbah rental market as of June 22nd if anyone is interested.
I was going to post it on this site but decided not too. Some of you could own the houses listed and may not want to have it displayed for all to see
I am happy to forward onto anyone who would like to see this.
Cheers
Hi
I have done a couple of smallish renos from interstate. New Kitchen, new carpet, paint, curtains, tiling and a bathroom vanity. I chose the paint colors from where I am in Victoria then arranged for my painter to use this color. I chose the carpet from Victoria then arranged for the same franchise in QLD to lay. I chose the curtains I wanted from spotlight then rang spotlight in perth closest to my property and paid them then arranged for my property manager to pick up and have fitted. I sent a picture of the kitchen I wanted and dealt with a cabinet maker in Perth to complete. I didnt pay any of these people (except spotlight) until my property manager sent me pictures of the finished result and after I had spoken to the tenants as well to make sure they were happy with the job. Everything has always gone smoothly. I did have to get the kitchen guy back 3 times but was a great job in the end. I would recommend an interstate reno as long as you have a good property manager and lots of time on your hands to chase up tradies and quotes. Not sure i would do an interste reno that involed removing walls though
House prices in Moranbah have dropped. I had my basic 3 bedroom highrise valued at $720,000 only 4 weeks ago. The agent told me that he could sell it at this price within 24 hours. I have been considering selling but it now seems that my house may only be worth $620,000 in "todays" market. I missed the small window of opportunity
I have a great Company tennant in place paying $950 a week in rent and I purchased my house 4 years ago for $350,000 so I am not concerned at all. I can afford to drop my rents significantly if i have to.
Banks are a little nervouse about lending in the area as well apparently.
In my experience the Mining Towns are a roller coaster ride for sure. But I am confident that if i am not too greedy with my rent and i act quickly on maintenance issues I will continue to keep my tenant.
I have decided not to sell at this time. There is too much going on in and around this town for it to go too far backwards anytime soon (my opinion only) I am not sure that my house will ever be worth $720,000 again though
Its a rocky ride but one I have been happy to take
WOW – thanx Josh for the link to your facebook page. Very informative indeed and all good news. Im excited
Hi again Josh
After doing more of my daily due dilgence I had decided to wipe Capella off my list of places to buy due to the risk factor. Thanks for your input
Wth our next purchase, we are looking to hold for 2 years initially – but who knows, I have said that before and have sold earlier due to the GFC when I did a bit of panic selling. Which I now wish I hadnt done !!
I have learnt to keep a very close eye on the market. It can change so quickly !! So, I guess holding times are flexible. I would consider selling once the supply looks like out doing the demand. There are new land releases due for approval in places like Blackwater and Dysart. It will take a few years for houses to be built in these new estate. So is nice to enjoy high yields while the demand for housing is there. But once the new stuff is close to being put on the market, it would be the time to look at selling.
Timing can be everything in the smaller mining towns.
I have been investing with a partner so need to sell any ideas to her. We bought our first house together in Dysart 10 months ago for a good price and estimate that we have made $100,000 in capital Growth. We did do a small reno on the house which we agreed to do to get a good Company lease in place..
We want to borrow against this to purchase our next property.
Im liking Emerald and Blackwater. We have finance approval but have to agree on something
I am going to flick thru to her the above info on emerald.
thanks again
I will just pay the bill but make it clear that I would like to be contacted next time it happens before acting on it. $132.00 for 5 minutes work. I think that my plumber husband needs to increase his rates 
