Hi guys, 
I've been trawling through threads about Wagga and will be going there this Wednesday/Thursday for a good look for my next IP purchase. I see Ashmont, Tolland and Mount Austin have some DoH streets, as well as Kooringal. What are people's thoughts on areas like Turvey Park and Glenfield Park? Is Kooringal still worth a look in the right…[Read more]

Jac,
Do you think with all this investor activity we'll see vacancy rates rise in most areas?- I would imagine we would (obviously some areas more than others).

The neighbour's place, no house but 160 acres of grazing land with amazing views for around $1.8, and would work in beautifully with our place! 

There are certainly some desperate sellers. One house we looked at was asking offers above $440000, then listed as $440000 now down to $400000. Bank val came in at $425 and the agent said they're still pretty negotiable. Reckon you could get it for $380 but the question is what will it be worth when it looks onto the bypass?

Money to be made if…[Read more]

Nathan,

We've certainly ruled one out because it's just too close to the bypass. Will be looking at a couple this week with the potential to subdivide, keep the  house and sell the block -if funds allow!

Hi,

Interestingly we looked at a few houses in Berry over the weekend and are just trying to figure out if the bypass will impact on them.  Apart from our PPOR we haven't invested there as yet.
So does that mean Berry's off the list for you or you will just try and find a block elsewhere in town?

– Rusty

Nathan,
Following from my previous comment funding has been approved for the Berry By-pass and the RTA has a fancy interacting digital image thingy on their website which gives some idea of where the bypass will be.

Rusty

Hi Grant,
I think you're right, the stamp duty would probably be on the full valuation. 

Hi,

Last year we purchased a property off my parents for $725k. It was valued at $1450000 so we paid half price.  We found a lot of banks would only take the purchase price (725) into account but as Jamie alluded to, a few based the loan around the actual valuation so our LVR was very low (a loan for under $725k on a property valued at $1450000.)…[Read more]

Hi Nathan,

I know Berry pretty well being born and bred there. Given the area is a 'destination' town for the Sydney mob, I don't think the bypass will have a huge effect on the local economy. However it will impact significantly on the price of some properties because of the stupidity of the planning which sees it cut the town in half and ruin…[Read more]

I guess it shows how lucrative the spruiking game is!

Hi, 
I know the Worrigee area pretty well and in my opinion I think the potential tenants are probably dual income couples with a few tri-cycle motors and a dog. (Mum may work part time.)

Rusty

Okay, thanks,
I'll dig up our lease (expired) and look at the finer details.

Regards,
Rusty

Thanks Jamie, 
Do you know if you have this written into your leases?

Sorry, when I read the opening post, I thought this tread was about Julia…

From my experience of talking to others, everyone has the best accountant!!

Ok, thanks.
Certainly something to think about.

Thanks Jamie,
being the resident Canberrian on the forum, do you know anyone who does property staging in ACT? Could provide an idea of pricing for staging a small 3 bedder?

Hi all,
I'd be very interested to hear if her distressed property system is workable or a scam. It does sound a little too good to be true. The 5 or 6 grand she's asking is a lot to blow if it's all shonky but you'd get that back in the first deal if it was actually legit.

Anyone with any experience?

Rusty.

Hi Rachel,
Sorry, nothing really to add. However I've read some of her very wordy ads and emails and as good as she may be, I just can't see past her horrendous spelling and lack of punctuation. It lacks professionalism to me but hey, it's just my pet hate!

Also some of her catch cries sound a little like preaching to the converted and are…[Read more]