The issue relating to the legislation is that the at a latter date the tenant may dispute that the premises were actually incorrectly rated against the Water Efficiency Labelling and Standards (WELS) Scheme.In the interim if the tenant agrees in writing at the outset that the tenant was satisfied that the devices were installed and functioning as…[Read more]

"It wont always align with inflation"Well if we're talking CPI there is a pretty good chance it will given that in the measure residential rents are calculated and included.Best way to determine market rental is to ask your property manager, then check it out with one of the larger realestate website.  Do an area comparison for yourself.Market…[Read more]

I think the question is better posed what/who is really behind the seminar.  What’s the product.Getting caught up in schemes where you're paying for the privilege of being told to buy a property you could have easilyfound yourself with a cheap airfare and a basic strategy is simply crazy.So the seller pays the seminar provider a marketing fee to…[Read more]

yes and noNo for some of the reasons above!And yes for the costs.  Opportunity cost that is.  How much is your time worth?  Do you have the time to do the homework for yourself?  At the end of the day if you're happy to put your investment future in the hands of someone else good for you.  Otherwise even ordinary selling agents these days will…[Read more]

LNS = Lower North Shore For those playing along at home (in other states).Surburbs of  the Lower North Shore of Sydney actually are;Balmoral  Beauty Point  Blues Point  Clifton Gardens  Cremorne  Cremorne Junction  Cremorne Point  Georges Heights  Hmas Platypus  Hmas Waterhen  Kirribilli  Lavender Bay  McMahons Point  Milsons Point  Mosman 

Yeah right buddy show me a property in Coloundra that is worth 50% less by December 2008,  no idea!

Scamp wrote:
Don't tell them you want to sell it ( because they won't be honest about the real price ) , just tell them you want to use the equity for a new house. Chances are that the real estate agents will be honest to you and tell you that your property 'might devaluate' to 20% in the short term and advise against getting equity. Also talk…[Read more]

The great thing about this site is that we will all be able to come back in 12 months time to these posts and have a good laugh at the absolute nature of some of these comments.  December 2008 the Australian property market in every state, in every suburb and every home would have crashed.  Cause we're all in the same boat cause we're in A…[Read more]

Wow, having just spent 7 weeks in Europe yeah Australia watch out our market is going to crash.   Cause all of our residential investment comes from overseas.  Mate Dubai needs your help head there!Yeah sell me all of your properties now for a 60% discount before they go  60.1% lower.  Whatever, boom, bust, upward, lower, cycle, cycle on.  Mate i…[Read more]

What a read.$8k reasonable to source a property.  Goodness me.

Goodness me i'm going to have to do more study on the CPI, I thought it included a measure of household expenses.  Now rents are suppose to be tracking above the CPI trend which includes a measure of household private rents.  Um, really.

anandinvestments wrote:
We used Professionals but after less than 6mths of tenancy, we're up for another lot of letting/advertising fees…..Anyway, cut long story short, after doing alot of research and number crunching last week, i've found that it was better for us to go with an independent company rather than a 'franchise' as we found the…[Read more]

Great motivationSeems like you are taking all the relevant costs into considerationHaving to see the property thats a restriction most good investor will admit they have overcomeStamp duty, what are the current rates in NSW, I'm not sure but in most other states they kick in at a reasonable price well above what you are talking aboutNot sure about…[Read more]

Rule 1 Never SellRule 2 You make money when you buyRule 3 Start at Rule 1Right now sacrifice you can do it.  Trust me I've been there and it ain't worth the short term satisfaction of selling.  You will probably never be able to buy that property again for the price that you did.Sure there is a lot of missing critical information from your pos…[Read more]

The answers is yes it has affirmed already tightened lending.Lending products have already been withdrawn from the market relating to loans which might be considered similar risks to that outlined in the story.  I don't think that lending practices in Australia have been immune to the sort of conduct described in the story.  Its certainly ha…[Read more]

Who needs buyers agents.  Save your money.  Do the hard yards yourself.  After all I could never be a Buyers Agent anything worth buying i wouldn't be selling to anyone else i'd buy the best and sell the rest to the rest.  There is too much hand holding going on and buyers are not making their own decisions based on real hard core self inv…[Read more]

Yes i agree with your list all seems pretty hot or hotting up

Deception Bay, Whats so good about it?  Care to elaborate?

If the building inspector has flagged an issue its most like due to construction. 

There is nothing stopping you from rectifying the issues submitting new plans and going through the normal approval process post settlement. 

Beware though that the council may issue you with notice once that property settles.  Eventually they'll get around to it…[Read more]