I disagree with Steve on the whole “cladding” issue. Cladding is the term given to the exterior skin of the home not just a specific aluminium product. One form of cladding is brick veneer!
There are very big rewards in “recladding” a fibro home – not just for resale but for renting as well. People get the spooks about fibro, eventhough if it…[Read more]

I’ve read quite a number of responses from you two – yes you know who you are! Is there no end to this “mine’s bigger and better”….. The argumentative nature of your responses is quite annoying to those of us who just want good info.

Damo,

You sound like a kindred spirit!

We have built up considerable equity (>1.5M) by doing just what you are doing, and we’ve found in blue ribbon suburbs is easier (no glass ceiling for the finished product and more likely to be an emotional O/O buying) True, we did the first two around our jobs initially, and probably not best time…[Read more]

We too, took a perfectly good house that we already owned (it was straddling two blocks we wanted to build on), cut it in half and moved it to another block in the next suburb.

The land bought especially for the purpose settled in 4/02 and we have just rented the house out last month 3/05!

The house was put on the block in the wrong orientation…[Read more]

Wayne,
After watching this all unfold – I’d say the seller wants to sell! So much for the “wont budge from $185k” line the agent was touting. This seller has been sitting on these blocks for over a month, has not sold either and along comes this person who keeps increasing their offer by the minute! (I don’t mean to sound harsh, but just step…[Read more]

I am looking at becoming a full-time positive cashflow property investor. Before I give up my part-time income, is there a mortgage broker out there who can advise re servicibility? I want to chip in 20% purchase price and purchase costs for each IP from funds to hand from sale of another property. If I can find the deals returning 10%yield, and…[Read more]