Interesting..

This is largely contract law (tort) unless specific legislation covers aspect of this disagreement. In the main during a contract dispute an installer of (whatever) can't simply walk in and reclaim the goods even if it states he can on a contract. He still has to get a court order to clarify the situation and where the dispute is…[Read more]

Shedin wrote:
 concerned though if the turnaround might be next year and so may be worth holding a little longer.

Wishful thinking at best. Take a look around you. See anything that's going to change the situation for the better?? No. You know what to do then… eh?

Cleaning is a matter of interpretation. Light bulbs are consumables. Paint behind the fridge is something you missed. I'd say tough luck and move on.

Wish I had a $100 for every dirty rental we've moved into that should have been cleaned.

Garage side door – fix it and send them the bill. When they don't pay lodge a claim with the small claims…

To do list for 2013 (hell I'm too old for goals I'm working on my bucket list)

1. in to hospital to get a few running repairs done, pipes valves and pumps need a reco. Bellows are probably buggered by I here oxygen is still cheap and plentiful. Teeth – last count I have enough to last me. Eyes? Not sure what to do about them. I'm on 1.5's at the…[Read more]

fredo_4305 wrote:
So they are liars as well as greedy??

You just described the political, corporate and financial world.

Banks are just like any other business entity. They're looking to protect and enhance where possible their income streams. 60% of revenue comes from interest bearing products. 

They borrow short from overseas sources at…[Read more]

Fredo I suggest you do some Econ 101 research on interest rates, how they're set, who and how they affect people and the wider economy.

This should allay much of your angst regarding this subject.

PS: You might also like to take with a grain of salt the comments promulgated by PR companies on behalf of corporate institutions. They rarely reflect…[Read more]

Plumber can't enter a property and reposes without a court order.

Indicate to the plumber that while you sympathise with their situation you are happy to go to court to get this resolved however the RE is the one who commissioned the work not you. 

From the plumbers side this is a breach of contract – the contract was not with you.

This is a…[Read more]

My guess is that it's not Win8 compliant. W8 is a major rebuild of the WinOS not just a simple upgrade as in the past.

Quote:
Umina Beach/Woy Woy is great potential suburb to invest.

Somebody explain to me how this can be construed in any way as an investment. With a gross rental yield of 6.6% and no potential for CG growth why would you buy these in that location. 

There's been no CG growth in those areas for the better part of 10 years and some of those…[Read more]

Talk to  local builders. They know the area and local authority requirements. Local architects and engineers are another source. They should be able to give you building options like cutting in or building on top etc and associated ball park figures. 

It's a straight forward build on that block. About the least complicated and expensive for a…[Read more]

Yoly you're a big boy now. A pocket full of cash makes you ten foot tall and bullet proof in the big ol' world of property investing. You don't really want to listen to people like me because I'm the one dissuading (or trying to) from reaching that goal of being a property guru I mean investor.

99.9% of people here will slap you on the back and…[Read more]

If you go the duplex route presell off the plan before you commit to construction. Takes most of the risk out of the venture.

fredo_4305 wrote:

              Random silly question.

Couldn't agree more.  Slow day eh?

Jpcashflow wrote:
What is the government trying to do now? 
I heard something on the radio….

http://www.macrobusiness.com.au/2012/12/victoria-to-pursue-austerity/

Vic budget crumbles on falling stamp duty receipts

Vic's been a lame duck for a while now. Austerity will make it a dead duck sooner or…[Read more]

Why would anyone want to invest in Vic?? State govt is pushing austerity measures to shore up a shrinking revenue base and property is sinking like a stone.

Keep your money in your pocket. This is not the time to buy. Watch and wait. 

JT7 wrote:

If the US entered hyperinflation and the $US devalued to zero one would assume tangible assets such as precious metals, hard and soft commodities and property would increase in value….

Cheers Jack 

You can't devalue to zero. In a hyperinflationary scenario the currency would simply depreciate against other currencies. Zimbabwe…[Read more]

If it hits 2%;

you'll know your financial days are numbered

central banks have lost control (not that they have control anyway they just think they do)

GFC Armageddon style is imminent

property values will be the least of your concerns

if its bad here its 10 times worse overseas

The crash started before this thread started but the eternal optimists and chest betters couldn't allow their over inflated PI ego's to countenance such a thought. Heaven forbid. What would their PI peers think of them.

Crashes start BEFORE things go wrong. There are obvious signs if you're prepared to look. All crashes are proceeded by good…[Read more]

bardon wrote:
Chuffed to bits about lots of my loans coming out of fixed rates and then back to reduced variable, that coupled with high rents makes the holding costs much smaller. I am sure that I am not the only one that is improving their cash flow simply by holding.

Yes vacancy rates are dropping and rents do have some upside albeit…[Read more]

$750k in capital invested and you’re loosing at least $7500+/yr.

I can only suggest you don’t go into business with numbers like those.