Terry is right there are other options. Some Sydney BA’s might do this as they do so many and things move quickly enough to justify, I prefer not to as a general rule (nearly did once with an overseas client but bought private treaty instead in the end and used mighty express post) As long as contracts can be signed and sent and deposits paid…[Read more]

@peterfromsydney if the ACT peculiarities are an issue have you considered Queanbeyan? NSW rules, Canberra market exposure.

It’s interesting to see now post budget that no wholesale changes were made but the nibble at the entitlements is there for sure. They appear to be cherry picking the things that will give the most political reward (from the non investing angry hoards) by choosing to target travel entitlements after so much media on politicians travel last yr.…[Read more]

Hi,

Other than going down the complaints route that sounds interesting. How did you go with it?

PS if you want to make a complaint on gumtree
https://www.gumtree.com.au/scam-security-centre/report-issue/

For future reference if you have a good property manager ask them for a list of reputable trades in the area, this will eliminate the time…[Read more]

If those changes did come in and a herd of not so committed property investors left, this will reduce supply. Serious investors will win from any short term corrections in overpriced locations, other locations will just stagnate for a yr or two but rents will rise due to the structural changes in the market metrics. Yields will go up and…[Read more]

If those changes did come in and a herd of not so committed property investors left, this will reduce supply. Serious investors will win from any short term corrections in overpriced locations, other locations will just stagnate for a yr or two but rents will rise due to the structural changes in the market metrics. Yields will go up and…[Read more]

If those changes did come in and a herd of not so committed property investors left, this will reduce supply. Serious investors will win from any short term corrections in overpriced locations, other locations will just stagnate for a yr or two but rents will rise due to the structural changes in the market metrics. Yields will go up and…[Read more]

Forgot to say if its shower or bath, and going to get hot water on it make sure the product is rated for that or it will peel when heating up but kitchen cupboards and bathroom, splashback tiles not such a problem. Also I don’t use it on floors as foot traffic will wear it off.

Hi,
Sounds like a plan. I love ugly ducklings. I have done a few resurfacing jobs back in the day. It works to save $ and buy time before a proper reno (I would never bother with resurfacing for resale, the market knows so just do things properly) but to make gaudy colours white for a few yrs its totally fine. Prep is everything. Zinzer oil…[Read more]

The accountants that post a lot on here are some of the cleverest too – check them out.

First: Revisit your goals – clarify your vision of where you want to get to. Write down your desired portfolio.
Second: Pursue good finance and tax advice – to make sure your next steps are ok
Third: Do the refinance as soon as you have enough equity
Fourth:…[Read more]

I think the important thing is to get an overarching strategy for your portfolio. You have a strong income and some equity to begin but you don’t want to buy overpriced properties that won’t grow in value and rental income. You should spend some time doing a bit of work on the bigger picture so you have a very clear picture of what kind of…[Read more]

As per the answers above please proceed with caution and read the old posts in this thread there is a history there. Anyone who claims to represent you as an investor but gets a commission from a builder/developer is a double agent and you are not the client you are the stock on the shelf being sold to the true client (the one who pays the fee).

Gday Jim
A tool like that sounds amazing, but I am not aware that it currently exists. All data is inherently backwards looking not predictive, because everything that is measured already happened. Its up to us to measure what we can and make decisions about the future. Any long term economic predictions are to be taken with a grain of salt…[Read more]

Sub 2% vacancy – easy
6% gross yeild – not quite so easy but may be possible – do you mean for houses only or include units?
10-20% cg – no one can guarantee this. There are plenty of indicators for potential growth that can be measured but I never promise.

More info about your brief, your goals, and your willingness to do things to achieve…[Read more]

Latest update: I can also now confirm I can offer monthly payment plan for the first time (it is still a 12 month commitment, just with a credit card purchased that deducts in 12 equal payments) – after a few people advised me they wanted to join but did not have the full amount up front available. It just took me a while to work out how to do…[Read more]

@retireyoungfree somersoft was the original ozzy property forum it is where many of us got our start (including me back in the early noughties) and from memory Nathan B was also first educated there. This forum and the somersoft current replacement are still amazing locations full of knowledge, learning communities with helpful people sharing…[Read more]

You should let the goals dictate the strategy – so plan how many properties you intend to purchase and how to pay down the debt on them (either through cash flow via rent or job or capital gain via sales). Its a fairly short time frame over all so you don’t want to screw it up. Personally, if you are already heavy into Melbourne market perhaps…[Read more]

There are loads of moving parts to my system. It has been developed over more than a decade. There is no quick easy way to just magically understand everything and know all. Regarding Data – there is no gospel except the gospel, so you need to accept it is good but not perfect. There are several paid options which are debated and reviewed on…[Read more]

If it is in NSW and built to the BCA then it might be doable – I would go to http://www.grannyflatapprovals.com.au/ and contace Serge – he is pretty much the man as far as I know for retro GF approvals, if it is in a state other than NSW sorry Im not sure.

First question: How does Patrick Leo get paid? If they get a sales commission from the developer/builder of new stock BE VERY CAREFUL. This means you are not the client, you are the stock on the shelf being sold to the real client who is the one paying the bills.

Learning the jargon and the who’s who in the industry is vital if you want to…[Read more]