Forum Replies Created
Hi Jaffa,
Deer Park is about 19km West of Melbourne CBD. It has a high Asian community, and a population overall of approx 14,000 residents. The median house price (for a 3 bedder) is in the vicinity of 250K, which is still very affordable to many first home buyers and/or investors.
Over the last 12 months, sales have dropped somewhat, however it is still growing at about 8% CG per year (it was at 11% rate some 18 months ago).
http://www.brimbank.vic.gov.au/Page/Page.asp?Page_Id=341&h=1
Here what Robert Doyle has to say about Deer Park:
http://www.abc.net.au/ballarat/stories/s1074204.htm
Cheers,
Jo
Hey Westan,
Thank you; thank you; thank you for that invaluable info…..If I wasn’t married, I’d kiss you!!! [lmao]
Seriously, sounds great; must look into Portland again, as I really like it there but was a bit disenchanted when I saw the drop in population figures.
Cheers, I’m off to have another look…..[medieval]
Jo
Hi Westan,
I agree with you, Melbourne and Sydney are not the only places in Australia.
As for Portland, please check a previous thread which I stated info re population declines throughout Australia. Sadly Portland was nominated as one area of decline (which is a pity because it is a lovely spot):
https://www.propertyinvesting.com/forum/topic/12191.html?SearchTerms=Population,decline
Cheers,
Jo
Originally posted by kp:Hi Jo,
I know I have asked the question before, but can you clarify that the fee you quote includes:
a Property Condition Report when the tenant first moves in, and the ongoing quarterly inspection fee (if applicable), and the annual statement?
Yes all are included (at no extra cost) and condition inspections are conducted at regular intervals and/or upon re-letting to new tenant.ie…no other costs to you apart from the 5% management fee plus 1 weeks rent as a letting fee for new tenancy ?
That’s right, no extra costs aside from 10% GST so in effect I am paying 5.5% unless you take into consideration lodgement fees (as TerryW pointed out) if matters are referred to the Tribunal ($40 or $50; can’t remember off the top of my head).Sorry about the delay in responding KP, and hey no problem; ask as many times as you like or need to…always happy to oblige!!![sunny]
To have NO REGRETS.
The ability to look back without saying “If only…”
Regrets can be as loud as gunshots to the ear and to the soul; trust me, I know!!!
This my 1000th post, and throughout my journey here I have been both criticised and applauded for my comments, which have been at times, brutally honest, with a splash of bluntness, arrogance and a hint of sarcasm thrown in for good measure. But at the end of the day………..
I REGRET NONE OF IT!!!
Cheers,
Jo
Hi Gloryboy,
I cannot comment on the rulings in WA, but I do know for FACT in Victoria, there is no “cooling off” period if you purchase at an Auction, and as such no “subject to” conditions will be considered. Hence the buyer would be wise to conduct all his/her investigations prior to bidding!!!
Once the hammer has fallen and the Auctioneer has declared the property “sold” to you, you are bound to its purchase “as is”.
But then as I said, this is in Victoria, WA may be a whole new ball game.
Cheers,
Jo
P.S. That’s cool Ali G, can I say “Jinx” like when I was a kid??? [lmao]
Hi and welcome,
I must admit, your pizza idea does not appeal to me personally, but hey, if it works for you; knock yourself out!!!
I would like to make one suggestion though, if you are going to “cut and paste” quotes, at least mark them in some way, or separate them from YOUR own comments, as it was a bit confusing trying to figure out, whether you were speaking or the person you were quoting!!!
Cheers,
Jo
Hey Patrick,
Maybe it’s because Kay is not a CAPITALIST!!! [lmao]
Is not a better idea to “offload” any poor performing property which is costing you too much???
The last thing you want is a “money pit” constantly draining your funds!!!
Jo
Oh well….I guess even a PhD isn’t guarantee that one will “get” everything!!! Just as well I suppose (information overload).
Glad my vagueness amused!!! I would rather that, that give the impression I condone prejudice!!!
Jo
Yes Kay; agreed.
As you will notice I deleted my post as after re-reading same, I felt it to be unkind. I meant no disrespect; I just felt that if they (the community) saw you as such (doormat) it cannot be a nice atmosphere, and maybe you should re-consider your membership.
Jo
P.S. Yes surprising as it may seem, I actually do have a HEART and can feel compassion for those treated badly through others ignorance!!!
Originally posted by MarkyMark:Monopoly, you were saying that you get the original receipts for repairs (not copies). Is there a reason that you get the originals? For all intents and purposes copies would be ok wouldn’t they?
Yes Mark, copies would be fine, however the PMs have always sent me the originals, and kept the copies on their files. I would guess this done with all landlords/ladies(???)
An accountant once told me that “copies” are perfectly acceptable, and if accompanied by the REAs “statement” detailing the repairs, can hold greater credibility (than just the original invoices/receipts) with the ATO!!! Go figure….
Jo
Originally posted by westan:
on a lesser scale the new marina will make the city an even more popular retirement option. Is it possible Mildura will become the Gold Coast of Victoria (well sort of)?Westan,
I have just edited my post of disbelief and look closer at the link which I posted above (as sent to me by an REA) and after actually reading the info in full (as I should have done in the first place) I came across this:
http://www.mildura.vic.gov.au/Page/page.asp?Page_Id=893&h=0
I would never have believed it….but there you go; Australia’s very first inland marina!!!! Quick grab the cossie folks!!!!
Jo
Hi Elika,
I know you are directing your post to REAs, but can I just add my 2c in for what it’s worth???
It’s winter!!! Wait till the warmer months come along, people will be out and about, and it may not send house prices soaring, but there should be an increase, as people resurrect their (up till now hybernating) desire for that elusive “sea-change”!!!
Well, that’s my prediction anyways….if you look at overall clearance rates (sales) the warmer months tend to be more positive.
Okay, back to the REAs………..[blush2]
Jo
Yes Sonja,
Boyler_Room runs the Adelaide Investors Meeting, or at least knows who does!!! He is a top guy, and pops in here now and again, but otherwise can be contacted via Somersoft website, in the ipchat (chatroom).
If you would like more information, you can email him (as per his post) at [email protected] or visit the website (www.duckling.com.au).
Cheers,
Jo
Good Habit : Honesty
Bad Habit : Too much of the above, to the point of being BLUNT!!!Jo
[blush2] Awww Sonja !!!!
It’s all part of the service!!! [winking] (Just kidding) [lmao]
Cheers,
Jo
Hi Motivstorm,
Have a look at:
http://www.smedb.com.au/main.asp?a=4
http://www.mildura.vic.gov.au/Page/Page.asp?Page_Id=232&h=1
Sent to me by one REA a few weeks ago; they may be of interest; especially the first one which details the future infrastructure plans.
Cheers,
Jo
Hi MarkyMark,
The PMs of my IPs vary, one for example was from a small agency which I came across when I actually purchased the IP from them. They have since been taken over by larger franchise, as was the case with another IP of mine years ago.
It seems that the bigger fish tend to gobble up the littlier ones in the end anyways.
The key is to check out a few PM and their respective agencies; make a few calls, talk to people (ask for their recommendations) and sooner or later, you will know which PM/agency is the one who will win your business.
Cheers,
Jo
