Dr X,

This was the point I was attempting (probably unsuccessfully as usual!!) in another recent post about Panic Selling in Sydney who are experiencing a crash of sorts. If you are prepared and can get cash, wouldn’t now be the time look at opportunities?

cheers

Jan

GR, thats more what I was talking about! Be it vague but there are strategies that work in property even when times are tough. Can’t remember which book it was but the line was something like, in good markets the rich get richer but its the bad markets where the rich stand to make the most. You get the idea!

In terms of typical residential…[Read more]

Foundation,

It would seem very little motivation at the moment however at some point the market will flatten and then rise again. All I am simply saying is that the market will rebound with the critical element being when. Is it 12 months, two years, 5 years, who knows!

What are people’s strategies for the NSW market or it just bury your head…[Read more]

Interesting topic Foundation.

I have been out of the Sydney market for about three years (perfect timing more by luck than design!).

I am curious if the investors that are cashed up are using this current period as a prime opportunity to grab some bargains? From what I read, there is also a glut of rentals on the market as well so IP purchases…[Read more]

Hey Blondiie,

Agree with Dazzling that inspections can really be done by anyone as long as you know what to look for. If you can actually get under the floor and take a look at the stumps, bearers and joists, all the better!

The reality is that termites are everywhere and while there are “termite areas”, I wouldn’t let this stop you purchasing…[Read more]

For me, its a work packaged 02 Ford Escape which gets me everywhere I need to go and someplaces I don’t need to but want to!

My partner has a 97 MG which isn’t particularly practical but jeez ,its fun to drive! At the time, had the choice between going for something standard and practical or this one for the same money. We think the choice was…[Read more]

As mentioned above, the first port of call would be via the website of the shire or city you are looking in. They often have zoning maps and descriptions of what they mean. Next avenue would be to call them up and should be able to send you a bunch of info. If thats no good, walk into the council and have a chat.

cheers

Jan

Hey MeMe,

If you do a search on the forum you will find a number of threads that discuss renovating and where to buy around Perth.

First place that comes to mind is Ross’s Auctions but there are heaps of other options out there.

cheers

Jan

And on that note Vogue, add contingency! Some say double the time and budget although this is probably extreme, but certainly add some just in case!!

If you are doing the work yourself or employing different tradesmen to do the work rather than one builder, have a general plan of what you are trying to achieve. No point going in gung-ho on a…[Read more]

Forgive my ignorance here everyone, but I thought that LMI applied for every instance where you were borrowing over 80%??

I also go through Bankwest and don’t have any real complaints but have been told by every institution that I have approached that LMI always applies above 80%.

If this is not the case, can I technically use the equity in my…[Read more]

Hi Stuzzy,

Am not familiar with Low-Medium Residential Zoning but usually the council uses a zoning guide to stipulate how many dwelling are permitted for a block.

For example, over here in Perth we use R-codes which are R20, R30, R40 etc which denotes the number of dwelling per hectare. Any idea what the equivalent is in Brisbane??

The one thing I have encountered is that if you change jobs but move within the same industry, the rule of being in the same place of employment for less than 2 years does not necessarily apply. Ie they CAN count it as being continuously employed. For example, I was working as a Project Manager in construction then moved companies but doing the…[Read more]

Hi Lisa,

Havn’t got experience with bagging or rendering directly but did have a similar predicament with my place. Older house with ugly yellowish bricks. We ended up just painting the bricks a colour called “mule” which is kinda greyish purple. End result, the place looks a million times better but think bagging or rendering would have been…[Read more]

I am going to have to put in a vote for the negative here.

Although I agree that most commercial programmes are complete waste of time and an insult to most peoples intelligence, there are some very good shows out there. I much prefer the ABC and SBS over commercial stations, not for the docos but more for the comedy. Yes, it is escapism but…[Read more]

Out of curiosity, have you questioned the previous owners as to why they allowed them to build on their (being the seller) land in the first place? Who else have you spoken to apart from lawyers and RE agents?

Nice post dazzling. The other saying is that the only winners in court are the solicitors! Keep it out of court if at all possible!

So, what are the real reasons for your concern? Is is because the title says the land size is Xm2 and you require that for future development or is it because you are buying land of that size and equates to $Y /…[Read more]

Hi Nici,

Welcome to the forum and keep the questions coming. Struggling a little with the first though.

As far as road constructions goes, sounds like they have laid the gutters and placed crushed road base (usually blue metal). normally, once they have poured the concrete for the gutters, you let it set (48 jours would do it but need around…[Read more]

Hey Xenia,

Ultimately, the fact that you are doing very nicely out of dealing in RE is immaterial. You are doing something that you love and suspect that will continue to do so even when you don’t have to.

I don’t think people really need to know how well you are doing, I can’t imagine the doomsayers telling you their salary. Even if they did,…[Read more]

Are there any reasons that in these circumstances you wouldn’t just shorten the settlement period. My understanding is that it can be as long or as short as agreed by both parties. In the cases of deceased estates or where you are planning on doing major reno’s, you would have to assume the place was empty anyway. As I see it, the only benefit…[Read more]

Spot on Dazzling. The problem once you reach the top of that ladder is, if it is not to your liking and another ladder is more appealing, often you have to start from the bottom rung again. Most people are not willing to take that plunge in seniority or salary and are willing to continue pursuing a career that they donot actually like.

I went to…[Read more]