this is She Who Supervises Some of the Renos Hubby does

28.  Balancing on two laders, with a flimsy bit of timber across them, then a couple of bricks, then an empty milk crate to reach up to that last bit of the wall that needed painting… and causing aforementioned She who Supervises to actually hold her breath quietly when she walked in on him whilst he did it so as not to scare him into falling down.  He was on no beer rations for a week after that… i'm mean yes I know it

if your concerned about maintenance, get a pool man to come regularly and service it, then you know if you repair it your money has been well spent, and of course, it adds to your maintenance deductions, as will the new plant to your depreciation schedule!  With summer coming up it could be the decider between someone taking your place or not, especially if the pool is maintained.

1 ppor owned 380,000
1ip value 360,000 owe 210,000
1ip value 340,000 owe 180,000
1ip value 340,000 owe 250,000
1ip value 330,000 owe 180,000

all in northern nsw (newcastle, port macquarie areas)

always looking for the next one

As a 20 year RAAF member and having owned a DHA leaseback house way in the late 80’s, and been a Housing Officer ,I wouldn’t touch these investments with someone else’s money. As mentioned – huge management fees, expensive purchase prices which are out of touch with current prices and they are a bugger to onsell. The leases are ironclad – you cannot break one and then sell it without the DHA lease under any circumstance. If you were looking for a neg geared property for an exceptionally long time then maybe it would be for you, but not for most ppl. I get more rent for the house I built next door which is built to DHA standards but privately managed with a real estate agent and leased to a RAAF couple than the DHA investors get, they always pay low market rate rent. So my advice, find where there are shortages of DHA houses and see if you can buy a block of land and put a house on it yourself and rent it out to a military couple, you’d be much better off with the flexability. HG[biggrin]

own our ppor and have 3 others – all in nsw – [crying] hg

I used to buy it, then used to miss out on it because all the copies were gone in a flash. Now I subscribe and everyone I know borrows it from me, it does the rounds at work and a few friends. HG

OK – we bought a holiday house and yes its -ve geared. However we bought it for a couple of reasons, firstly we want to retire to the area (Port Macquarie NSW North Coast) and secondly we had been holidaying there (and paying for it) for over 10 years. Now we didn’t spend 800,000, we bought modestly but the 145,000 purchase has gone to 300,000 in 3 years so I figure thats bought a lot of holidays []. We did renovate and had the idea of renting it out but after all our hard work we decided to only let friends/relatives use it. That way it doesn’t get trashed, they usually pay a very small amount which covers the body corporate fees and we enjoy it regularly. Just back this afternoon, 1 flathead, 1 whiting and prawns and blue swimmer crabs – sorry guys none left. So if you can afford it – GOT FOR IT! HG