Forum Replies Created
Hi Kristine,
I also own a 3 bdr in Appleby. It too is dates, but liveable. I have old carpet throughout which needs to be replaced soon. The am currently getting $150pw. Used to be $140pw until a recent rent increase 3 months ago. Ripping the carpet out and having timber floors might get a bit cold, especially during winter.
I would speak to your PM and try find out why it isn't renting. Ask her what tenants are looking for in rentals and you should be able to work out what your property needs. But a simple rent decrease may solve the problem.
Regards,
OziHi Kristine,
The rental market is quite strong in Invercargill at the moment so I'm surprised your property has been vacant for so long. This could mean a couple of things:
1) The rent is too high
2) The property isn't what tenants are looking for.
Is the property presented well/clean? Does it have good heating?
Can I ask which PM you are using?
Regards,
OziHi Don,
Thank you for updating us on the developments on the oil drilling. Hopefully there will be some good news in the coming weeks.
Regards,
OziOriginally posted by crusaider:I will double check the minimum land size for the area.
For the City of Maribyrnong there is no ‘minimum land size’ for sub-divisions. There are other factors they look at such as the property position, open space, over shaddowing, setbacks, etc… You need to follow the planning scheme. I would start by speaking to the planners at the council. I’ve seen 2 dwellings put on blocks of around 300sqm (tiny!).
Cheers,
OziOriginally posted by MichaelYardney:Buy hold and develop in the long term is a great strategy.
You will find that most proeprties of 600sm (as you mention) will not be big enuf to take 2 dwellings in the suburbs you mention.
Hi Michael,
Can you please elaborate on this comment? I have seen quite a few developments take place in the mentioned areas and 600sqm seems to be more than enough for 2 dwellings.
Regards,
OziHi Don,
They all look good. My preferences are in the following order:
2 – looks great!
3 – Nice but not as catchy as #2
4 & 1 – don’t quite do it for meThis is just my opinion.
Good luck with it.
Cheers.
OziHi Don,
Thanks for that. I didn’t know about KPI no longer being around. I’ll look it up.
Cheers,
OziHi Don,
Thanks for those figures. It seems there has been a lot of movement in the past 12 months, both up and down!
Which magazine are you referring to? Is it KPI? I’m interested in reading this article.
Regards,
OziHi Mods,
Instead of just deleting the spam, are you able to block the user’s IP address to stop them from re-offending? You should be able to.
Cheers,
OziLTV is American for LVR. LTV = Loan To Valuation.
Ozi
Hi Kristine,
Sorry to hear about your problems in NZ. I’m not sure which property manager you are using, but I would be switching to someone else ASAP. It doesn’t sound like your PM is trustworthy or doing their job right! You should take this up with the principal/director of the management company/agency and tell them exactly what you want. I’m not sure what your rights are, but I would carefully read through the contract you signed to assign the agency as your PM.
Good luck with it.
Regards,
OziHi Don,
I hope this hypothetical of yours will come true. I would definitely consider switching! Most of the property managers in Invercargill (both from my experience and from others) are incompetent.
Regards,
OziOriginally posted by crusher:If you want a high yielding online savings account, try Bankwest. They have a 12 month introductory rate of 6.4% rate for new clients.
6.6% [biggrin]
I don’t have landlord insurance, but my PM recommends Terri Scheer:
Not sure if they are any good. Premiums are around $295 p.a. and excess around $500 per claim (from memory). Have a read of their policy and see how you go.
Regards,
OziOriginally posted by Mortgage Hunter:Yes.
You will also be exempt from CGT for a 6 year period as long as you do not buy another home.
Hi Simon,
I’m assuming you meant “not buy another house to live in”? I assume its ok to buy other properties during this period to rent out, as long as you do not claim them to be your PPOR. Is this correct?
Regards,
OziThanks for the links + info Don. Looks like good news for Invercargill
Regards,
OziSpeaking of letter drops, I’ve done a fair few over the past month or so. In the past couple of weeks I’ve had quite a few calls, however many of them are time wasters just curious to find out if I am stupid and willing to pay top dollar for their property. There are genuine sellers out there who respond to these ads, but from my experience most of them aren’t stupid and won’t sell below market value unless they are desperate. I’m yet to come across a desperate seller but I’ll keep trying.
Oh, I even had a couple of my friendly agents who live in the area call me up to let me know they aren’t interested in selling their home [biggrin]
Regarding the number of offers being made, I’ve made about 4-5 offers in the past month. None have been successful but I haven’t been offering market value and don’t intend to do so unless I can add significant value to the property.
Regards,
OziOriginally posted by AEF:Bankwest are offering 6.00 p/a at the moment at call over net in a similar way to ING. No fees.
Bankwest’s rate is actually 6.60% for the first 12 months. I just opened an account.
Regards,
OziHi George,
Sorry to hear of your misfortune. If you haven’t already done so, I would suggest you get yourself a good lawyer!
Regards,
Ozi
