IP = investment Property
PPOR = Principle Place of Residence
+ve = posivitve
-ve = negative

I think there is a post listing all the abbreviations somewhere.

thank Qld007,

I was reading an article in the Personal Investor (Dec 2004), yes I know it was a while ago, it was called “Rental’s hidden traps”, anyway it says there:

” Property Investors who build new residential property houses or units for sale can face hefty GST bill if they decide instead to rent out the porperty.

Renting out the property…[Read more]

Charging for water isn’t a new thing, all our leases are written up that way. Just make sure you get the meter read before and after each tenant.

I’m in WA too, so perhpas it is something that’s normal here only?

I’m sure they must be.

kp, that was an excellent thread, thanks.

Flatout, we bought a property up there 18 months ago and we were told then we’d missed the boat, but we’ve just sold it for a 32% profit. My point is, yes, you may have missed the boat, on the other hand, how does one know for sure?

Good luck deciding….

Good Luck
PK

Jebro, I jsut edited my first reply to add a bit more info.

Have you tried SGIO? Alos, I found when I was ringing around that most just didn’t cover theft if we weren’t living in it so we jsut left very minimal stuff at the property.

Alos find our what constitutes a renovation ie: if you spend over $12,000 you’re supposed to register as an owner builder and take out the relevant insurance, get council…[Read more]

Is anyone able to clarify?

We ahve one heritage listed Ip and never had a problem getting finance, although we didn’t need mortgage insurance so perhpas that was the difference. My bank and I believe most others would allow an LVR of 80% nowadays, although I don’t know your situatio so perhpas there’s a reason for the 65% LVR.

We’ve also never had a problem getting…[Read more]

Can you up your cerdit line so you know you have cash available?

Well, I had one property where the tenant went into default on theri first payment of rent too. I served the relevant notice adn they paid some adn then had a story etc.

In the end they slowly got further and firther behind, so I’d say serve the notices adn if they don’t rectify the breach then follow through with the court hearing. Your PM,…[Read more]

Ring the bank that you will get fiannce thorugh, find out whihc valuers they accept and then ring them and ask what they would charge you for the valuation (the charge will be hgiher than they carge your bank, but by going direct you get teh valuation sent to you, if the bank organise when doing the finance then you most likely won’t get to see it…[Read more]

You can probalby get away with calling it your PPOR as Terry said if you didn’t calim any of theinterest or show any of the income on your tax return.

If you did (whihc technically you should have done, although it may have been to your benefit not to do) then it’s best to show a capital gain for the six month period that it was rented. The best…[Read more]

Are you talking about inside or outside?

I’ve heard of vinyl laminate on teh outside that’s basically supposed to outlive most other house coverings such weatherboard etc and oftem people put it over fibro houses to improve the look. Do a search under cladding or vinyl caldding or something like that as there was a thread about this a while ago…[Read more]

Do you have an relatives or friends here who might be willing to check out some homes for you. Alternatively, perhaps you could use a buyers agent and then have a relative or friend just check out one or two homes that the buyers agent shortlists.

While it’s not impossible, it will be a bit harder, but if you believe the time right for getting…[Read more]

Our winner was on a row of houses of which the agent had now keys ie: they were governemtn houses that had been empty for months and the keys had gone astray within the governement dept before the houses were listed for sale, we therefore had to climb through windows to get into several to have a look at them.

Once I’d found the one I wanted, the…[Read more]

For air con’s I found Tony Ryan from Airconditioning Solutions (0423093753 or 93981000) to be excellent. Took the time to acually work out how we use the various rooms in the house to sort out the best set up rather than just a standard set up.

Can’t really help with suppliers for anything else in the Metro area as havne’t found anyone else to…[Read more]

The Sunday Times on Oct 9th has a separate magazine listing the capital growth over the last 12 months for all the metro area and some country areas too. Perahps you could try ringing The Sunday Times and seeing you can arrange a copy of that weeks paper.

Regards
PK

If your sticking the tiles to fibro or asbethos, spend a little extra for the better glue that has a bit more felxibility to it, you’ll have less trouble down the track as the wall will still have a bit of movement after the tiles go on, but the type of glue will hold the tiles to it better as it allows for that movement.

Don’t know if I…[Read more]

Is this the same as AquaTile tileboards (perhpas a different brand?)

With the tileboards, you simply glue them to the old sheeting, you don’t take the old material off, the instrucations for the tileboards specifically tell you to glue it to the old fibro or whatever is there.

We’ve just finished doing a bathroom in the tileboard and it looks…[Read more]