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I have heard that rents up the valley have dropped off +20% in places like Kurri, Singleton, Muswellbrook.
There are a lot of other industries besides coal mining in the Hunter. There are also a lot of big developments happening outside of the mining industry.
– F3 freeway extension
– Newcastle airport upgrade
– Inner city university campus
– Wineries and associated industries
– Power generation
– ARTC rail upgrades
Following from SNM comments you will need to fire and noise rate the floor space separating the two units and the load bearing walls. Could be costly to retrofit. May need to rip out all the wall sheeting/beef up beams and columns etc. So you'll need to engage structural engineer and builder at least.
Maybe you could get creative and have one lease with a sublease up/down stairs. That's probably dodgey though, someone else might know?
Terryw wrote:M.Investigator wrote:I read that Mark Rolton is one of the most respected real estate educators in Australia. He is very empowering and has the same real estate understanding as the successful property moguls, Donald Trump and Robert Kiyosaki. It will be interesting to come across this mentor.Where did you read that???
Probably on one of MRs adds
we had the option of buying or rent and keep saving. We decided to buy for a couple of reasons. First we were sick of renting and wanted something we could play around with. Second we were able to grow equity quicker than saving by renovating. And third interest payments are slightly less than comparable rents. I find it alot more satisfying having my own “castle” than renting. Were in a similar situation 80k income with a baby and partner at home. We managed to save about 40k in 9 months before bub came along and then bought. We still save as much as we can, utilise offset account and use 55days interest free credit cards to maximize the benefits of offset account. I wouldnt have done it any differently
dubstep you know what NT stands for? Not today not tomorrow not Tuesday not Thursday next time! So good luck with tradies! Why not go for a unit that would be a hell of alot easier to maintain in the long run
I use onthehouse.com.au to research sold prices. When a sold price comes up it says "government notified sale" so maybe you can't hide details?
Thanks for that Richard, exactly what I was hoping to hear
the stockings trick is only applicable to the cheap metal fans that are more or less made from sheet metal. Something to do with the blades spinning so fast and the humidity maker the paint start to flake off. If you have timber fans it shouldnt be a problem. A real estate agent up there told me he advises alot of tenants to do it so they dont get caught out when vacating and have to pay for the damage.
Timber floors I’m not so sure about i never saw any places with them every rental was tiled. Maybe Timber laminate would perform better in those conditions. I would stick to what works up there and thats tiles, no mould, easy to clean, what if your “bloody southerner” tenant heads away for a week and completely locks the house up in the middle of the wet .
Have a chat to some agents about what they think (but steep clear of the yellow and black mob that sounds like main and born in Stuart park, dodgiest pricks!)Hi Waydo,
If you are looking at project managing the renovations then a good start might be a book effective project management. There is a lot more involved than just managing tradies. You'll need to learn to negotiate contracts, prepare cost estimates, prepare budgets, prepare schedules etc. Then you need to manage budgets/time/your team/tradies/stakeholders/variations/risks etc. The fundamentals will all be the same across most literature. Ebay/Gumtree are alot cheaper than doing one of the reno courses.
Re strategies for picking a suburb – Cherie does the big structural renos aimed at probably the higher end of the market where as someone like Nathan Birch does the more bread and butter properties. I guess it depends what sort of properties you would like to aim at renovating.
I lived in Darwin for a while. Your place probably has all these but I found them a must up there.
Ducted air con (if it's affordable, if not then separate air con to at least all bedrooms and living room)
Ceiling fans in all bedrooms and living room
Shadey outdoor living area (as mentioned above) – provide a ceiling fan out there too if possible
Include BBQ + food prep area for outdoor living area.
Some big shadey plants for the back yard
If the house is "stinky" try and improve natural air flow through the house, maybe a take out/move an internal non load bearing wallOne more tip put stockings over the fan blades, due to the humidity the paint seems chip off the leading edge over time
Should definitely add value. How much? Probably not as much as if you spent $10.5k on paint/carpet/fittings/move some walls/re-do the entrance/build a deck etc etc. I don't know much about solar panels but I assume there is probably more maintenance involved than with normal power?
I would be spending that money on giving the house some real wow factors for when people come through.The Freckle,
Are you a former member by the name of JackFlash? Your posts seem very similar and both from Port Hedland. Excuse me if I'm wrong.
We had some really old built ins that we ripped out and replaced with new. That included 3 mirrored doors and all cabinetry. From memory it was $1800 supplied+installed. We shopped around a fair bit and that was the best price we got. FYI we are in Newcastle.
Maybe get a few more quotesWhy not an older style home in the hunter, something you can add value to. Sure theres plenty of miners on big bucks who want to live in brand new homes but there are still people who don't work in the mining industry who have to live somewhere too.
No I agree JP but alot would think this is a dodgey tactic and I also believe it is as the agent probably doesn't have the sellers best interests in mind. I think it comes back to your own DD when selling though and finding the right agent for you
amyhunz I'd love to check the pics out – [email protected]
taA high pressure clean of the tiles and regrout could bring it right back to life.
You could rip it up all up and float some timber over the area, pine is relatively cheap and a coat of dark stain looks nice (i prefer timber over tiles outside). Laying timber is probably an easier DIY job than tiling in terms of getting a nice finish
Depending on the size of the area I would have thought a ute with side trays would be enough to get rid tiles – skip bins probably a bit big unless you have other rubbish to get rid ofTerry,
Last paragraph of the article
"As Justice Peter Young quipped in the hearing: ''But once the court puts its own trustee in, the Obeid empire collapses.''"What does this mean? Does the court have the power to appoint a different trustee?
Stay in touch the agent may be bs'ing you. You never know finance may fall through from the other buyers?
You should have jumped onto Dial Before You Dig first and put in a request. This service is free and will highlight where the sewer (and any other services in and around your property) runs. This is a great quick tool for looking at what you can do with a site. Eg, on a development site you can quickly see if the sewer is on the other side of the road or not. If it is then you may have to thrust bore across to it or put some traffic control in place and trench across.
Whether or not it will stop you building a granny flat depends on a few things:
– where you want to locate the GF
– how big your block is
– how big the existing building envelope is
– ingress/egress of the GFIf the main sewer line runs through your yard then it will have an easement over it and will limit (but not make it impossible) your chances of building a GF. It should run along your boundary at a 1m offset and the easement width will probably vary depending on the water boards specifications. FYI you cannot build within this easement.
RE: encasing the pipe – some good building design should eliminate this need. Digging down 1-6m is a big, big job, especially in suburbia!
A boundary trap is a U shape in your sewer that is located at the boundary. It stops any bad gases from the main sewer creeping up your pipes, similar to what is in your kitchen sink. Look for a pipe rising up out of the ground with a little concrete surround somewhere along your boundary, thats the BT.
