Hello Annare1.  Is there a current lease in place or is the tennant on a periodical. Get them to vacate2.  Was there "no pets" on the signed lease, if so the tennant is in breach of the lease and get them to vacate.3.  You can just give them the required notice ofr them to vacate4.  You can also serve notice to the PM but not if there is no oth…[Read more]

Thanks Pud I give one a call

A mate of mine does unit developments in Perth and he is of the opinion that the front and the rear are the most sort after and the ones in the middle that dont sell quickly he rents out.

Wow… that was quick.Thanks, I will take you up on your offer.

Hi KylieThanks for the reply. Would you say its a "growth" or "yeild" area or a bit of both?

businessglobalHello KylieWhat are your thoughts on Edens Landing near Beenleigh ?

Do you have any other investments or property ?

Is it due to be paid before or after settlement date??????

Hi PaulA question.Is your partner planning on working again?If that answer is yes then do not sell IP as Adelaide has not finished its growth cycle. If answer is no then same applies.You would be far better to arrange a redraw/equity/LOC on this IP to cover the short fall (just dont blow it on non-investment items) as the IP should appreciate at…[Read more]

Hi Reggie Jetski,I was fortunate to jump on a property in South Hedland (Iron Ore town) which settled in NOV 04. It was purchased sight unseen purely because the numbers stacked up. Through my finance brokers network I was again fortunate enough to have a client of his who lives up there to check it out for me. I only paid $325K + costs for …[Read more]

Hello Jamesing Around

If you can get a copy of API (November Edition) there is a section on future boom areas and Bunbury is one of them tipped in the article. Grap a copy and check it out……. [strum]

Hello Crashy

Raise it up to 2.4m and split it down the middle and turn it into 4 flats/units. Go hard…….. [strum]

Hello Kevin

When you say ‘Sea Change’ are you refering to absolute beach front property or the coastal strip in general?

Regards

justgjt

I just paid $1750 + time at council for strata. In todays market it is more often than not, not viable to go with “Green Title” as the on-sell profit is not there compared to the outlay.

Regards

justgjt

Flatout

Thanks for the info. I think that now that the over supply (+150) of units that BHP off loaded after shutting their briquette facility have been absorb the property market will improve. BHP has approved $1.5 b + a futher $1.6b later and RIO $1.5b for furhter ore development. This would have to be good for the area.

I do not belive that…[Read more]

Hey C W

Thanks for the reply. This particular property is a block of 4 strata units, so I would have thought that a bank foreclosesure on just one or two would be better than just one property.

The best LVR that was found was 75% with alot of effort to get there.

Hi Richard, who is GE and what is LMI?

Regards

Justgjt

Hello M

Since 2003 and yes it is Batshore. My partner had her house slab height adjusted down by 200mm just before the concrete was pored by the developer, with out her knowledge. This left 28 tonnes of sand on the site that had to be removed at her cost. Neighbours that sold are still having a 3 way issue with lawyers and courts over fencing and…[Read more]

Hello

I live at Singleton Beach and have had dealings with the developer there (not Singleton Beach Estate). Some friends have also had dealings with him and they have not been good ones with lawyers and courst involved. I personally have not had any trouble.

Be careful with everything….

Hello

My understanding of this is that if the units are not strata and the Bank has to go into fire sale mode, it would be harder for them to find a buyer for all the units than it would be to find buyers for individual units. Also if they were to be strata, it would be easier for you to sell just what you need to please the bank