Forum Replies Created
Love this thread… It would appear the speed at which you wish you to move you should also re-consider your investment strategy. Just another way of looking at it. eg:
1. What about starting and selling/part selling businesses?
2. What about more development?
3. What about some diversification into shares, collectables, etc?There could be another vehicle out there which suits your style much better…
As you are realising property relies on many more factors than your own imagination in order to get the value moving.
Its fantastic to see people with great drive! Good luck sapphire
I like Cronulla. Public transport is ok. I have never lived there nor spent much time there after dark. Ive also heard its a little rough. Not seen it myself.
Personally I find its a good balance as you have the beach, can drive to the city. You are also on the Royal national park which is nice too.
Before you buy do full due dilligence. ie growth stats, vacancy stats, etc, etc.
Okays both Property and shares are equally safe! Yes if you trade property short term you are subject to massive volatility, just like if you trade shares.
If you hold both for the long term both have less volatility. The main difference is shares give you market value every second of every day. Should you look at this? Hell no if you are in it for the long term. You cant do the same with property, even if your neighbours house sold for a poor value you would find reasons as to why their house is worth less than yours. None of that on the stock market. You get the facts and you get it instantly (short term data).
A crash occurs over 1day to 1 month. That is SHORT TERM. So if you hold shares for the long term (like property) you would ignore this.
Be sure you understand your investment strategy and stick to it diligently.
Regards,
MathewIf they struggle with the concept you can also ensure they are aware the only other solution is to replace the system with an electric one. This would increase the cost of hot water….
Nice tongue in cheek post. Very funny!
I think you should follow what others have already said. Learn to share! Much more rewarding! Share with your wife, share with your community and share with the world. Do it both with your $$$ and with your time!
I think you will be surprised how much better it will make you feel for such a little cost.
Barney. Good for you. In this world there are many peope who hold their faith in god. Some are for real (Im sure Steve is) and some are quite deceptive.
How do you know which ones to support?
At the end of the day the question comes down to: Can you trust this person? If Yes then you can move onto their believes, morals, etc.
Hi,
This is a non lease not compliance answer. Generally in NSW, Qld and Vic the landlord pays both usage and rates for Water for units. Its from the old days where the water meter was shared for all tenants. May possibly also be due to how the waterboard current read meters.For houses landlord pays rates and tenant pays usage.
This is just standard convention that I would suggest almost all landlords do.
Regards,
MatIm not sure if it is bleak as crashy indicates. We need to remember the sharemarket also exists to facilitate the purchase of shares in companies. Not all companies will be impacted by the oldies. Lets think of Westfarmers, BHP, RIO and there are plenty more.
Demand vs supply is only one factor. So long as these companies continue to provide better results than cash or property there will always be a good market.
So a lot of money has flooded the market recently and it has artificially raised the price of many shares/trusts. However we also need to look at the company fundamentals. These too have also raised their ask price on the market.
I think the bleak period for us Aussies will occur when the global market takes a big dive. Otherwise there is enough global demand to manage any downturn from the oldies.
Thats my non statistical 2c worth of hope and faith (perhaps a little blind!!!)
I guess sadly they have no incentive to find a new tenant. While you are paying they can focus on other things. If you are paying for it, be sure you have full control over it. It is a very expensive lesson about maintaining personal records. Murphys law always comes back to bite you on the one peice of paper you throw out.
I hope it all turns around for you…somehow…
Okays I have not done what you are proposing but have witnessed nasty legal battles between the BC and a tenant. Making everyone pay! Yes the BC is funded by all tenants.
So I would suggest communicate and keep talking with the BC and all the members. I would guess you need to submit your plans to the BC for an approval. They will explain to you the due process.
It is important you get approval from them if you are going to change, in any way, the common property. Also if you may impact others (ie your re-routing of drainage could cause problems if done incorrectly).
Its a risk as I doubt you would be able to get all this inplace prior to the purchase. So have a plan B ready. ie what can you do by adding a false floor or some false walls?
Regards,
MatQuite a lot of land is reclaimed industrial. Im not sure how they may sure its chemical free but I would not plant any orange trees there!
It is family type place to live, I used to live at Liberty Grove near by before they built the shopping center. So a unit may be ok.
Adam I wish you well with your challenge and good luck.
To the rest of you. If you are feeling charitable then donate to a not for profit charity rather than someone who wishes to profit…
Regards,
Any bean counters here?
As far as I know CGT is based on sale price less the purchase price + what ever the legislation allows (eg hold for more than 12 months, etc).
Depreciation does not impact the CGT payable at all?
Marc,
I did not write that. My userid is mathewc73. That was not posted by me.Regards,
Hello,
I just need to set the record straight:Crashy; do you need any more proof that I'm right for god's sake? You keep saying I've got a chip on my shoulder – how could I not? That's 3 tradies in 3 posts all admitting to gouging. You, racetrackman and Matt. Can we have even one tradie post here that has never tried to gouge a client, or not turn up or whatever??
I believe Matt is me?
Sorry Im not a tradie, Im a CUSTOMER! and with experience of learning the best way to find a good tradie. My approach follows tried and tested principles. Nothing new which is why it works.
Also, if its a big job, I have found a good tradie has a good relationship with past client and you will be able to contact a past client to look at the quality of work.
Albert I hope you have found your answer on this thread and as you can see from the comments, every tradie will look and form a different opinion about you and the job. So just be sure you have a method of finding a good tradie that, as much as possible, leaves their opionins about you at the front door.
Regards,
I tend to disagree.
Im of the opinion a phone line is now a basic service and if the tenant requests it the tenant should only pay for the connection fee. Whether it be physical connection or remote conneciton.
If the line is damaged, I believe the landlord should repair it. The line will be there for longer than the tenant.
I own a number of houses that I rent and I know my tenants have children. So its important all basic services (smoke alarms, phone, water, hot water and electricity) are provided and functional for their safety.
Regards,
Hi Albert,
I hope this will also help…Myths:
1. A tradie who is busy is not always the best
2. A tradie who has little on does not mean he does a bad job
3. A referral does not mean the tradie is good.Facts:
1. A tradie is a good as his last several jobs
2. Like everything multiple jobs, creating a good working relationship will allow you to keep and work with good tradies in the future.
3. A tradie is a human being and does need a drink and a toiletSo, to answer your questions:
1. Get 3 quotes. First do some research so you understand what they will be doing for you (ie finishings, quality of material, etc)
2. To find good tradies. Look where work has been done. eg does that shop look good? ask who did it… Ask real estate agents. Ask the suppliers. They usually have contacts and sofar I have found they do a good job (ie the carpenter who installed the kit kitchen can quote you on doing the wardrobes, etc).3. Yes if its a big job or visible job, etc. Also take their builders license and check it out to be sure its valid. Take their ABN and do the same. You have rights if the job is bad.
4. Have a plan B. Its ok if they call to re-schedule once only. After that another client can take a hit. If they dont turn up without and calling I consider that rude and so I would go to plan B which would be another tradie I liked.
Sadly it takes time,
Hello,
Im not sure what state you are in but each state has something like: http://www.fairtrading.nsw.gov.au/realestaterenting/tenantslandlords/repairs.html.It does not state anything to do with the phone line but I have friends who have contacted fair trading and have found them very helpful.
Im not sure how smart your landlord is. If it was me:
1. When was the phone last working?
2. What was the number?
3, Who was the provider?
4. What has changed since then?Then take a course of action.
Good luck,
It also states you have to pay to find out if they have information on you. Is that right?
If someone lodges something against you, and you want to know what it is you need to pay? I would have thought they would have to disclose information they hold about you for free.
Hmmm…