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  • Profile photo of rudo1phrudo1ph
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    March 4, 2010 - 1:59 am

    thanks for that Terry.

    Rudi

    Profile photo of rudo1phrudo1ph
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    March 4, 2010 - 1:57 am

    I am also looking at these areas – my primary focus is on capital growth. Has anyone got any further recommendations?

    These are the suburbs I am interested in:

    Augustine Heights
    Bellbird Park
    Brookwater
    Camira
    Carole Park
    Gailes
    Goodna
    Springfield
    Springfield Lakes

    If anyone has any advice for me I would be very grateful. I already have 2 IPs close to where I live now, but want a third and an venturing into more unknown territory!

    Thanks

    Rudi
    x

    Profile photo of rudo1phrudo1ph
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    January 18, 2009 - 9:05 am

    I am not quite at this stage yet but will be in a few weeks.  Why do you need to put down tile underlay and fibro on the walls?  I had assumed I could chip out the old tiles and make sure the floor was level, reseal the floor and then lay tiles………….

    Am I dreaming here?

    Rudi

    Profile photo of rudo1phrudo1ph
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    January 10, 2009 - 9:24 am

    Thanks for that…..went onto the White Knight website and found the product you mentioned…… "WHITE KNIGHT TUB ‘n‘ TILE EPOXY ENAMEL refinishes bath tubs, wash basins, laundry tubs, porcelain and metal surfaces with gleaming new colour. Transforms unsightly surfaces to a brilliant tile-like finish." Sounds perfect!!

    Has anyone used this?  Is it any good and does it stand the test of time?  What happens when someone cleans the bath – I know I have sometimes used the soft scourers to clean a bath, would it stand up to this kind of cleaning?

    Thanks again

    Rudi

    Profile photo of rudo1phrudo1ph
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    November 9, 2008 - 10:04 pm

    Ah well there's the thing……..the original plan was buy, reno, sell, but I think the way the market is at the moment we may end up renting it out for a while, so the paint will need to stand the test of time a bit.  Having said that, before we sell, after renting it out it would probably need a quick paint up anyway……….

    Rudi

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    September 23, 2008 - 1:31 am

    I would have thought that you can reject a tenant for any reason you want – if you own the property then you can decide who you rent it to.

    Also, I would not have thought that there is a "law" about references.  We have always owned our own home – for the last 20 years in fact but have recently started renting.  We did not have any references from previous landlords or agents.

    Maybe someone more knowledgeable has more "official answers for you.

    Rudi

    Profile photo of rudo1phrudo1ph
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    September 17, 2008 - 12:20 am

    What Harb said

    hbbehrendorff wrote:
    rudo1ph wrote:
    hbbehrendorff wrote:
    I would appreciate if misinformed people do not start throwing insults because the truth is to unbelieve to believe, If you really think I'm that wrong support your argument with facts not character defamation

    I think that's what called the pot calling the kettle black.

    can you explain why ? instead of doing exactly what I asked people not to do.

    Profile photo of rudo1phrudo1ph
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    September 16, 2008 - 9:20 am
    hbbehrendorff wrote:
    I would appreciate if misinformed people do not start throwing insults because the truth is to unbelieve to believe, If you really think I'm that wrong support your argument with facts not character defamation

    I think that's what called the pot calling the kettle black.

    Profile photo of rudo1phrudo1ph
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    September 16, 2008 - 9:13 am

    Not where I live.  And did I say that specifically? If you read my post I said "at times".

    Thanks for your very useful and considered response….hmmmm….must have missed that bit, to the question I actually asked.

    Rudi.

    Profile photo of rudo1phrudo1ph
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    September 10, 2008 - 1:06 am

    Hi

    Thanks for the responses.  Blueboard sounds like the perfect product.

    Thanks for that info as well Scott – the previous owners had planned to do the same as us and had already obtained planning stuff from the council and laid a new slab etc with approval, so hopfully that covers the other issues.

    Rudi

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    August 30, 2008 - 8:39 am

    Hmmmm, this is very interesting, and disturbing.

    So what you are basically saying is that if I buy a property, rennovate it myself for say $10000, but if I'd emplyoed someone to do the reno for me it would have cost $15000, I am doing the work illegally?

    Surely there are 1000's of people who are doing this.  It's not hard to spend $11000 (the limit here in Qld) on a property – put in a new kitchen and a couple of bathrooms and that's your limit well and truely blown.  How on earth is this policed?  Who knows what I am doing in my house?  How can they prove that the new looking kitchen wasn't there when I built the property?

    I am looking into buying a house as a reno project.  I'm budgeting around $20000 for the reno, but in light of this I'm having second thoughts.

    If I did say $10999 in work and a builder did the rest, would this be legal?

    Would be very interested to hear more abobut this.  I guess people won't post if they are doing "illegal" renos………

    Rudi

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    August 20, 2008 - 9:38 am

    OK, so please be gentle…..I am just trying to understand all this……

    I am considering buying a property in Asia.  I do have savings and could use these, but I would rather not tie up all my savings in a purchase.  So therefore I want to borrow money.

    Reading above I cannot get a standard mortgage from and Aussie institution to buy a purchase abroad….is this correct?

    From my research there is only one organisation on the country I am thinking of buying in that could loan me the money, so this might be an option, but I think the bureaucracy would be awful.

    So, my preference would be to borrow the money in Australia to finance the purchase.  Is this somehow possible?

    Please can someone explain the LOC concept to me – in language that a complete bozo would understand.

    Thanks

    Rudi

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    August 20, 2008 - 7:17 am

    Hi

    I have looked into this as well.  As a foreign investor you are not allowed to own land, unless you are in partnership with a Cambodian Citizen – or 2 really – as you are only allowed a controlling interest in 49%, so you split the other 51% between the two others (so you retain the majority share) – it's all a bit complicated, but not impossible.  You may buy land as such but with a lease, not freehold without the need to be in a partnership with a Cambodian.  The rules may be changing this year though……  You may buy an apartment, as that is not considered as land.

    I am trying to find out more about the Cambodian citizenship requirement.  I have a close relative who is a Cambodian citizen, but she is a minor so I have to investigate whether she could be my partner in a purchase in Cambodia.

    If you get any further with this I'd be interested to hear from you.

    Rudi

    Profile photo of rudo1phrudo1ph
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    August 20, 2008 - 7:17 am

    Hi

    I have looked into this as well.  As a foreign investor you are not allowed to own land, unless you are in partnership with a Cambodian Citizen – or 2 really – as you are only allowed a controlling interest in 49%, so you split the other 51% between the two others (so you retain the majority share) – it's all a bit complicated, but not impossible.  You may buy land as such but with a lease, not freehold without the need to be in a partnership with a Cambodian.  The rules may be changing this year though……  You may buy an apartment, as that is not considered as land.

    I am trying to find out more about the Cambodian citizenship requirement.  I have a close relative who is a Cambodian citizen, but she is a minor so I have to investigate whether she could be my partner in a purchase in Cambodia.

    If you get any further with this I'd be interested to hear from you.

    Rudi

    Profile photo of rudo1phrudo1ph
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    July 28, 2008 - 10:57 pm

    Hi Terry

    Yes, we are in Qld.  The property would be ok to live in it's just tiny though and would be very difficult to live in with the kids.  I think it really depends on how long we have to live there.  We could rent it out for a while, then move in for a short time whilst we rennovate, or just move in to satisfy the legal requirement to do so – we have to move in within a year of the purchase according to what I have read.  I think probably I should find mysefl a decent accountant and take some advice.

    Does anyone have a suggestion for a good property accountant in the Redlandshire district in Queensland?

    Thnaks

    Rudi

    Profile photo of rudo1phrudo1ph
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    July 28, 2008 - 12:58 am

    Looking at it, some prices seem quite accurate compared to what the houses are currently on the market for in my area, but others seem way out.  Some house I have been quite interested in are bang in the middle of the range they suggest and yet  I know one house I just bought is estimated at $130k to $209 more than what I have paid for it. (which is around 25 – 45% of the value)

    I would be really interested to know where the information is coming from and how accurate it is considered to be.

    Thanks

    Rudi

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    July 28, 2008 - 12:19 am

    I just had a look at this and it looks interesting.  What does it mean though?  It seems to give you a price for a house – is this an estimated market value or something else?  What is the information based on?

    Thanks

    Rudi

    Profile photo of rudo1phrudo1ph
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    July 28, 2008 - 12:07 am
    Scamp wrote:
    and you're in love with a house, 

    Buying an investment property is not about falling in love with a house – that's what you do with your home.  It's about seeing an opportunity and making it work for you.

    Just my opinion

    Rudi

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    July 24, 2008 - 11:54 pm

    So I've spent hours looking for these things…..where and how do you find them?  I have googled and googled, with all sorts of different search options and whilst I find lots of interesting information about the sales, I cannot find information about ACTUAL sales……so anyone care to point me in the right direction?

    Thanks

    Rudi

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    July 24, 2008 - 1:47 am

    Hi Erik

    Thanks for your reply.  I am seeing these purchases as long term investments and yes I can afford to hold onto them if the interest rate rise, so your post makes good sense to me.

    Thanks again

    Rudi

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