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They only charge $4 per month for sundries (postage, banking etc). Inspections and all that they dont charge for and they dont charge for advertising either so its saving me a heap . So all I pay is the 4% plus the letting fee if they get a new tenant. They have builder on staff who does all the small maintenance jobs
My Properties are around Blacktown
IF you look at the prices people pay for the properties from Bathla (most are around rooty hill, blacktown etc). They have a high instance of default and mortgagee sales. I would reccommend not purchasing NEW Bathla. If you can get one cheap as a mortgagee sale then its a good option cause their properties normally get repossessed within 1-2 years so you can still claim depreciation.
Bathla have been around for a while and are true sharks…
If you are in Sydney and are paying $600 for a pest and building inspection, you are getting ripped off!. Had inspection done by Acquired Property Consultants http://www.acquiredproperty.com.au. They charge $380 for both pest and building combined and the inspector actually calls you after the inspection to talk to you about the property prior to sending the report through.
I would reccommend areas such as newtown, marrickville, dulwich hill etc.
Reason being the proximity to the CBD but also because the values generally don't decrease for units around these areas as there is always a demand and somewhat limited stock. The high end properties sometimes decrease in value but the units and middle markets always remain firm.
Hi,
You will have to pay capital gains tax on the increased capital value of the property from the date you rented the property out. You will need to get a registered property valuer to give you a retrospective value on the property for the calculation to be made. The valuation needs to be as high as possible to limit your tax implications.
What state are you in?
Hi Taylor,
I met a company at the Home Buyer Expo a month or so ago and moved my property managements across to them. They are called Acquired Property Consultants, they gave me a rate of 4.4% on my property at blacktown and they do th same rate all over sydney. So far, I am extremely happy with the service-they are a family run company and came out after hours to meet me.
I think the website is http://www.acquiredproperty.com.au
