Hi yetanothernewbie,It sounds like a severe case of analysis paralysis. We can always find a million and one reasons not to invest.I'm not in Melbourne so can't comment on the areas you mention.However, there is nothing like actually dipping your toes in the water. Yes you may get wet. Yes it may not be the "perfect " investment. It may even be a…[Read more]

Hi Bonnie,I think you will find differing levels of activity in different areas.Top end still doing very nicely. REA's on coastal strip run off their feet.Other areas empty. Some buyers waiting still hoping that Mr Ripper might actually give the first home owners some tax relief.Yes, some open homes have no one going through them. The auction…[Read more]

Hi Gary,I have e-mailed Kel about the WAIP group to find out if she is orgainising the next meeting in May. If she isn't, then another Resultee and I will organise something. It would be good to get all of us together.i will post again once i have some information.CheersJebro

Hi Emma,A group of us from the RESULTS programme have been meeting monthly and the meeting is open to anyone who is interested in property.We have had a guest speaker and were also thinking of having "show and tell" for people to talk about their investing deals whereever thay have been investing.The person who normally organises these meeting…[Read more]

Hi,
I live in Perth and yes it is a fantastic city.
However as Julie has pointed out we have just come to the end of a boom. Higher priced properties are still selling well. Some lower priced areas are seeing a price adjustment due to over valuations and sellers still having the expectation that because prices went crazy last year, they still…[Read more]

Hi Suellen,
I havn’t invested in either Brisbane or Sydney. However I am seriously looking at investing interstate as you are and would only advise that doing one’s homework first is essential to know exactly what type of property you are looking for and to know your prices and maybe hop on a plane and do your due diligence on the ground, making…[Read more]

Thanks Richard,

Of course that wasn’t the answer I was hoping to hear! However I do understand what you are saying. We did previously successfully get a commercial deal as you say under a blanket loan and somewhat naievely thought we would be able to do the same for residentials. Pity! Yes, I can understand why a MB wouldn’t be too keen to do a…[Read more]

Hello Arthur,

Sorry, I don’t know the answer to cost or feasibility of levelling the site.
My only comment would be concerning what your intention is with the property. if you are simply keeping it to rent out then it would depend on what demographic you are looking at as tenants. If you were to develope the property and rebuild, slopes tend to…[Read more]

Hey DD,

That is a great tip to remember about jobs paid for in cash. 30% less not a bad deal!

Love those diamond blades

Cheers

jebro

We wrote a business plan in 2005.
12 months later I suggested to my business partner that we should be reviewing our plan and updating it.

That was over 3 months ago and that hasn’t happened yet! [blush2]

So, while I agree it is a really good idea to put a plan in place, I think it is also critical to review it at least annually, otherwise it…[Read more]

Have now found another thread talking lots about Queenstown.
Still interested if anyone has thoughts on Wanaka.
Thanks

jebro

Hi,
Has anyone been investing in Wanaka or Queenstown? Both places seem very sound in terms of continuing increasing popularity as holiday destinations. Saw brief commentry by Dolf de Roos who clearly likes Queenstown as a good investment prospect.

Would be interested to hear from those on the ground.
Thanks

jebro

Thanks timematters and ned,
We were given a list of tilers from where we purchased the tiles and none of them were interested in our job. Tried a couple of word of mouth recommended guys too.
I’ve signed up for the tiling course at Homebase. Good to know I will be able to earn much more as a tiler than in my other job.

Cheers

jebro

Hi Tracey,

Sorry, won’t be able to make it to this meeting.
Would be interested to know if this is a regular monthly get together and how it works.

Cheers

jebro

Thanks Sam8,
We will be starting this week-end. I’ve given the job of taking the toilet out, to my husband. We’ve got a level. Little bit worried about the bathroom area to get water flowing towards the drain pipe. Currently it flows away from the drain and floods the towel storage area. So I guess we can only improve things ! ?[blush2]

jebro

Hi Amanda,
Well I think I am actually now looking forward to giving this a go and will benefit from learning a new skill as well as hopefully being pleased with the eventual outcome.
Happy to go slow and steady for the first one. Am trying to find my son’s old knee pads that he had for his skateboard.

Thanks for the encouragement and tips[biggrin]

jebro

Hi Ros,
Yes, we have used it for a reno to cover up horrible plaster as a kitchen splash-back. I know it’s main purpose is more for bathrooms.It was recommended to us by the handyman who was doing the work for us. He installed it, took him no time, just cut to fit and it looked great! A year on, still looks really good.

jebro

Hi Sweet,

I know nothing about carparking as property. But one thing jumped out at me when reading your post. You say you are looking at paying 7.5% interest on something that will give you 6% yield, cannot have value added and presumably is going to be dependent on capital growth to make it look at more attractive. Can’t see the attraction or am…[Read more]

Hi Sweet,

I know nothing about carparking as property. But one thing jumped out at me when reading your post. You say you are looking at paying 7.5% interest on something that will give you 6% yield, cannot have value added and presumably is going to be dependent on capital growth to make it look at more attractive. Can’t see the attraction or am…[Read more]

Hi Foundation,

Thanks. Yep, I’ve advised husband that we will be doing just that. I think he was resigned to us doing it for oureselves, after getting multiple knockbacks from tilers who are mostly “too busy”. Many not taking on any new work especially fiddly small jobs like ours and those that are, are charging heaps.

Thanks for the advice on…[Read more]