Hi,I signed up for Steve's course in the Perth seminar and I have the file and it is pretty in depth. I definately think it is worth while especially since you get a cert IV in business afterwards. He offers the course in a payment plan if you cant pay it all upfront, that's what I did. The course starts in Dec so i can keep you updated to how it…[Read more]

Yes it can definatelt give you s0ome assurance, because when the RCD's are installed if there are any issues with the wiring it will keep tripping the power. Also my partner said when contractors put the RCD's in because they are providing their certificate of safety they need to make sure it is all good otherwise it can bite them in the bum!

My partner doesn't contract out so I'm not too sure on prices, i would estimate though it would be a few thousand dollars, it's quite a bit of work.

Hi MrsC, Yes it was in Perth and I used Resicert. They check the plumbing/electrcial to the best of their ability as they are not electricians or plumbers, but I am lucky that my partner is an electrician so we planned to re-wire the whole house after we bought it (the wiring is about 100 years old!).We also put a clause saying 'Subject to a…[Read more]

Hi MrsC,I have bought two old home and each time I have got a building inspections. There are lots of companies that do this specifically for people buying houses and they check the plumbing, wiring, stumps etc. They cost about $500 but are definately worth the money. Our last one was really good, they gave a full report with photos of anything…[Read more]

Hi,We have only been renting our IP out for the last 5 months and are alrady sick of our PM!The hot water system was dodgy in the house so we asked the PM to get 2 quotes to replace it, we recived one within a day with the manager saying 'I'll email through the second one when I receive it".Well two weeks later I get an email from her with a…[Read more]

Thanks for that article wisepearl there definatley is shift in Peth at the moment.Mr Bourke is a client of the company I work for, so I might pick his brains next time he comes in….

How about turning the bathroom into an ensuite for the front bedroom, enclosing the living room to make a  bedroom, opening the kitchen/dining and back bedroom and making the laundry and area behind the kitchen into a bathroom and laundry.This way you will have two large bedrooms and one smaller one as well as two bathrooms and the living area w…[Read more]

Well I think I'm well and truely there. I'm 21, bought my first house at 19 and money is definately more important than partying! Hopefully I can be somewhere near Nathan in 4 years Catalyst – the strategy is to sell after a few years to make lump sum gains to pay off our PPOR and also to buy more properties. We would probably not sell all of our…[Read more]

Thanks for everyones comments We have decided to do what we did with our first house. Buy/renovate/hold and then use the equity to buy more and sell after a year or two. Hopefully it works out!

Thanks for everyones comments. Our strategy was always to get another property before the end of the year, we have been looking at apartments in the inner city area, and yet again another one I wanted went under offer! I think the inner city areas are doing all right at the moment and I also think that sellers are accepting low (market price)…[Read more]

Thank you that's a big help!