Hi
It is a good idea to have all the formalities in place when renting from/to family or friends which has been mentioned. The third party intervention is a real godsend if there are issues.
There are Property Managers that will provide you with a written appraisal on market rent of the property (in a range).
This can provide you with the option to select the bottom of the range price to rent to your daughter or thereabouts.( great for Tax purposes )
You can negotiate the %fees & letting fee on a property as well.
I rented one from my parents (Their IP ) a few years back and I/they maintained a 3rd party Property Manager throughout the rental period. My sister also rented the property for a period under the same arrangement recently. We paid the lower end of the rent range but everything was alot more comfortable for each of the parties. They also live interstate.
We had a Tenancy Agreement, Standard Bond, Property Condition Report & Regular Inspections.(the usual things).
It can be the simple things that can tear apart families and friends and you cant put $ savings on that !!
Just a thought.

Regards

“Do not follow where the path may lead. Go instead where there is no path and leave a trail” Ralph Waldo Emerson

Hi all
Testing 1 2 3 [][]
can someone send me a PM cos I am feeling like an orphan…………[?][?][?]

[:X][:o)][:p]

Spider
Do a search on “NT” here as there have been a few thoughts on tenancy vacancy rates/short term tenancys. There is a current thread too. Dec/Jan is generally peak period.
I dont think “the train” will have a huge impact.
Sealing of the road from Adelaide to Alice and National Highway upgrades on the Stuart and Barkly did more to open up the frontier.
Anyhow agree this is an interesting thread to see where everyone if from – quite diverse.
Regards to all

Hi
There is a lot of views about the market.
The Government here believe Darwin is going to be the next Hong Kong or Singapore ([]) and certainly alot of Capital Expenditure has gone into getting the infrastructure underway.
I believe the Real Estate agents have got themselves into top gear listing properties around 20% higher than 6/12 months ago. I actually started keeping the NT News real Estate section since last May and can confirm this.
What they actually sell for is something I havent as yet researched.
A friend in the finance area tells me the valuations are 20 – 25% less than purchase price.
Other folk that have lived up here and take an active role in R/E suggest once this panic buying is over the prices should stabalise.(when??)
The building sector is in “escalation mode” no one can get their QS spot on.
The fact is we have had minimal capital growth here. Steves Book Page 96 points this out also.(though pre 86 data – not avail)?? Anyhow we are still waiting for the medium price double !!!
All I know is that the Government played a key role in the 80’s to stimulate private sector investment. Housing Constuction & private non government rental field. The majority of home loans were made through the NT Government initially but now the private sector plays a major role.
Theres always been this unusual trend here – when prices are low “down south” the market tends to move here. When it does move ..it really moves.
I agree with Brent1 above……..you need people??
I really dont know what is going to cause the big influx ???
Anyhow just some thoughts.

Oh forgot to mention !!!
I dont want to get married (again)…..if thats what happens when U quit… I might just change my new years reso.

Regards

PS Congrats……just marriage at this time is not for me

Hi there
If you are in a postion to avail yourself of a rental property arrangement that is relatively low – subsidised until Oct 04 I see this as a bonus.
Particularly if the purchasing market is not an escalating one…therefore you have ample time to as you say look at the market – it may well “flatten or drop”.
From what I understand (and Im a newbie) the capital outlay in Sydney is Huge!!! and I would understandably be nervous about filtering my hard earnt dollars into a purchase that could now be eroded in the market……….and if only I waited !!!
I assume your Employ contract is endorsed for rental subsidy to the like of not owning a “habitable” dwelling in which you are to reside in ?? or do they assist with purchasing as well ??

Regards

Hi
Mine is to give up smoking. Can U imagine what a $3500.00 pa habit has cost me.
Without too much on the age thing giveaway !! Id say about $90,000 today which probably equates to……..3 x really fully owned grand properties since I was SIS. Capital value now……in the area I grew up…….$1,000,000.00.
And what do I have now…….poor health and I got a $1m that I bomfired ???

Amazing isnt it…….I enjoy your posts SIL.