Originally posted by Redhaven:
The agent said he gets people ringing up saying they’ll pay up to 170 for a place, but he rents them places for 120 and 130 because that’s all people are asking for them.
Sorry, but methinks the agent is telling you some whopping “porkies” either that, or he is a total moron!!! Surely to goodness, if people were…[Read more]

Originally posted by Ambo72:
It still keeps telling me that my username is already in use/exists. Never mind.
This COULD be the problem.[blink] My suggestion would be log out totally, thus freeing up the “username” being inaccessible. Then, when you log in, when it gets to the box that asks whether you wish to move onto ACTIVE TOPICS or YOUR…[Read more]

Redhaven,

First of all the differnce between the two yields is minimal.

120K – 120p/w = 5.2% gross rental yield
240K – 250p/w = 5.4% gross rental yield

Hardly worth breaking a sweat over.[blush2]

As for your “minutes from township” try to look at it in terms of kms, and yes it does have SOME bearing on values, that is, the closet to…[Read more]

Ambo,

When you going into your PROFILE do you see the AVATAR box??? Have you selected one, that is highlighted one (make sure it previews in the box), then when all this checks ok, go down the the SUBMIT button and click to save it.

Failing that, don’t know what you could be doing wrong.[blink]

Cheers,

Jo

Ambo,

Bottom of the page, there will be a box entitled SUBMIT, click on it, and it is saved.

Cheers,

Jo

Thanks for explaining the SA = conveyancer term for me Scremin.

I’m sorry but I am more confused now, than I was after reading your first post!!! [wacko]

First you said:
our first IP was suppose to go through yesterday.

Then you said:
they said it WOULD go through on the friday. It doesn’t settle until NEXt thursday.

Am I missing something…[Read more]

Geez Yack,

Don’t be so “anti” fix it!!! [tongue] Sorry, couldn’t resist, you had that coming!!! [whistle]

Scremin,

I am confused here, can you please clarify a couple of things for me:

1. What is a “settlement agent” is that another name for a “conveyancer”???

2. Who set the settlement date originally??? You say “we” but as both you and…[Read more]

Hey Karl,

Hate to tell you but that’s old news. You must not have heard enough as the article to which you refer caused an almighty uproar. This article was read and commented on by a poster from one of the property investment forums (SS I think) and of course it got Mr Jenman seeing RED. Well needless to say it was on!!!

Here is a link from…[Read more]

Hi Ambo,

Go to your profile page, and near the bottom of the page is a box/section entitled AVATAR, go there select the one you want and when done re-save your profile.

Cheers,

Jo

Thanks Byronent,

I have seen done a little research and apparently both SITE or SIGHT unseen are commonly accepted in the RE industry. My personal preference has always been for “site”[biggrin]

Slaves

Take a look at:

Mount…[Read more]

Try the thread called “The investor’s club founded by Kevin Young” on this very site. Link below:

https://www.propertyinvesting.com/forum/topic/12991.html

Hi Julian,

Although I don’t have any experience with holiday property letting, I thought you might be interested in the snippet about Australians “Love Affair with Holiday Homes” as per this property website:

http://www.iproperty.com.au/Content/Content.aspx?TopicId=3748

BTW [thumbsupanim] it’s a great site which often has valuable bits of info,…[Read more]

Originally posted by Bradles C:I thought the Scoresby and the Mitcham / Frankston freeway were the same thing ??? [blush2]

Sorry Brad, not thinking, you’re quite right THEY ARE THE SAME THING [blush2]

Brad,

You got mail!!! [biggrin]

See the links above in reply to Julie’s query.

Also, I think you mean the FRANKSTON TO MITCHAM freeway???

North Frankston is definitely changing, and yes it has some “colourful” types still, but the properties are relatively CHEAP, that is <200K; they will need work and alot of time will need to lapse before you…[Read more]

So were Ashburton and/or Ashwood once upon a time, even more so than Frankston North is today. But you try buying in either of these places now, not only are prices better, but the calibre of residents has risen tenfold!!!

Similarily, I grew up in North Fitzroy, and some of the surrounding areas at that time were “so-so” admittedly not “dodgy.”…[Read more]

The date you sell it!!!!

And it also depends on WHAT you are building on it; if it is to be your PPOR then provided you live in it for at least 6 months, you will be CGT exempt.

If you were to build a rental property on it, then you better hold onto it for at least 12 months in order to get the 50% CGT discounted rate.

Cheers,

Jo

P.S. Use the…[Read more]

Ditto both sentiments!!! [thumbsupanim]

As for firefighters, yep I fully agree; after working with one of Victoria’s fire services I know first hand the dedication and hard work these men and women put in, in the hope of saving life and property, and at the risk of their own lives!!! [angel]

Cheers,

Jo

I would be surprised to see a huge variation on price values between Sept 04 and Jan 05.[blink] Even so, if it was a PPOR from the word go THERE IS NO CGT to be calculated hence no need for a valuation.[biggrin]

People make mistakes. Most people do their best to rectify them.

And they have!!!

The purchaser HAS done the MORALLY right thing!!! Which is great IMO.

I don’t care what you think Yack re which of us is right or wrong, I’m not in it to prove either of us as correct.

What I felt was uncalled for, was you implying I was “anti” fixing of the…[Read more]

Yack,

May I suggest you go back and re-read my posts. I said quite clearly, that there was ONE possible way out to try and get the money from the solicitor at fault!!!

I don’t know what makes you think I was “anti fixing” the mistake. I believe in doing the right thing (see, I have ethics) HOWEVER, you cannot right a wrong when your hands are…[Read more]