Hi all,

Thanks for the responses. Jamie, we’re just looking at our options at the moment. Main reasons being:

– Recent bank valuation came in WAY under market value.. I understand the valuation will be conservative but this valuation was way off.
– We want to see if we can get a better deal than what we have now through St George.

Jamie, I’ll…[Read more]

Hi Shaun,

Thanks for shedding some light on the situation, there is hope! The simultaneous settlement might be a problem

G’day gibbo1,

The loans are crossed. I’ll have to check to see whether the loan is portable or not. We’re looking at spending no more than $450k on the new PPOR and will need to borrow additional funds. I spoke to a broker a few months ago and he was going to speak to the bank to see if we could retain the $100k or so at the existing rate……[Read more]

Hi Kum Yin,Can you email me some more details of the property?  [email protected]

Hi John,Thanks for the detailed response!  The amount owing on the PPOR is $109k, the remainder of our loans to the bank are the mortgage for the IP and a personal loan (taken out to do renovations on the properties).  Our main goal at the moment is to move into a larger home while keeping the current IP (it's prime marina-front real estate wh…[Read more]

Hi there,I live in Sydney and have an IP in Adelaide.  The things which made this easier for me are:-  I know the area well; I grew up in Adelaide.-  I have family there in case I need their help (haven't had the need so far in 3 years!).-  MOST IMPORTANTLY:  I have a VERY good property manager looking after my property.  It will be a bit harder…[Read more]

User Name: sme
Location: NSW
AUS
Age: 25
Marital Status: married
Gender: Male
Occupation: electrician
Total Posts: 5

[jerry]

Originally posted by sme:
Because of your lack of planning and experiance the plumber and electrician would not have made a cent out of your job. As a dumb renorvator hope you have made your money.

Before you insult someone’s intelligence you should at least learn to spell.

And before you hop on your high horse next time, read the thread. I…[Read more]

Hi everyone!

Sorry for the late update. Good news is the electrician came through and paid for the damages. The kitchen renos were finished a while back, and we’re happy with the results [strum]

Here are the pics I…[Read more]

Hi Sue

I lived in Adelaide for 23 years before moving to Sydney almost 3 years ago. Beautiful place! I own a property down in the Holdfast Shores precinct. Would definitely be keen to speak to others investing in Adelaide

Cheers
Hung

Hi everyone,
Well.. what a long day today has been. This is what has happened since the plumber accidentally struck the electrical wiring:

– In the morning, he called his sparky to come out and fix the job (out of his own pocket). Sparky couldn’t make it til about 1pm.. ended up coming at 3pm to have a look, left, came back at 5pm to do the…[Read more]

Originally posted by Pen:
I would like to know if the job was actually completed ?

Stop all this bickering and DEAL with the problem, find a SOLUTION and get on with your life.

In my experience, and I have built a few houses in my time, tradesmen always make a mess. Just deal with it and move on to happier times.

Five years down the track, I…[Read more]

Originally posted by crashy:
was this work quoted?

Of course it was. Would you pay for something without knowing the price?

Originally posted by crashy:
‘dodgey’ should be reserved for tradesmen who do illegal or dangerous work. making a mess is what tradesmen do.

So you don’t think ruining a new tiling job isn’t dodgey? If you think making a…[Read more]

Thanks Robo!

My girlfriend and I have been so upset about this.. I guess something was bound to go wrong. We’ve done some researching online and found some useful info here:

http://www.fairtrading.nsw.gov.au/building/homeowners/whenthingsgowrong.html

It might help others who are in the same situation. I’d already told the electrician I…[Read more]

I’ve heard of circumstances where the Govt. has allowed a person who has used the FHOG to keep it after geniunely not being able to fulfil the requirements.. I think one of the examples was someone who was planning on moving into their new home but ended up having to stay home to look after their mother who had been in a serious accident and…[Read more]

Hi there If you’re seriously looking at managing your own properties privately, I’d suggest getting the May 2005 back issue of Australian Property Investor. There’s a 5 page article about managing your own properties in that issue which you might find useful.

Whatever makes you happy…

His wife filing for divorce was the last straw.. poor guy He had it all, but ended up lonely and depressed. I can’t imagine what goes through someone’s mind when they decide to take their own life… and then to go ahead and carry it out R.I.P.

Originally posted by Scremin:
Having lived in Uk for a bit, I would definitely recommend carpet in the bedroom. I certainly wouldn’t want cold floorboards during winter!

Agreed.. it can get very cold and you’d definitely want carpet to keep your tenants warm and so they can save on heating bills. I’d go hard flooring for all the living areas…[Read more]