Don & Liz have some wise words of wisdom IMHO.
I’m with you guys. I will also be out pounding the pavement looking for bargains and putting in some low offers to slowly build up my portfolio.
We should be well placed and ready to take best advantage of the next boom.

I believe with a little imagination, and an inexpensive makeover, you can create…[Read more]

Hi GeoffB,
My understanding is that the government is referring to hard-wired smoke alarms. That is – the smoke alarm is wired into the electrical circuit of the house, and has a battery backup incase the power goes off.

These are much more reliable than the $10 – $20 battery only models. I recently had a hard-wired one installed for just over…[Read more]

Hi Mortgage Advisor,
Here’s some positive things about Tassie:
Magnificent scenery.
Incredible old growth forests.
Slower paced lifestye.
Community spirit.
Healthy tourism industry.
Nice people.
Destination of the classic Sydney to Hobart yacht race.
Historical sites.
AFL
Local markets.
Monthly country & western concerts.
Melbourne comedy festival…[Read more]

Hi freestone/boatie,
Here are a couple of websites that might help…
http://www.dynamicduoinvestments.com
http://www.renos.com.au
Happy renovating[biggrin]
Regards,

Sharon

Can anyone tell me if it is common in NSW for REA’s to charge for Inspection Reports/Vacating Reports?

My NSW PM is happy with 6.5% commission, and has never charged a fee for these reports.[biggrin]
I’m guessing it varies state to state.

Would be interested to find out if there is a governing body in NSW that regulates these types of fees, or…[Read more]

Hi Marisa,

I have a friend (no, not me[biggrin]) who had a tenant who was always behind in rent.

After months and months of following all legal channels she was completely frustrated.

She visited the property once again to ask for rent but of course the usual excuses were offered.

As she left the property (driving a borrowed ute), she…[Read more]

Hi Sparticus,
I have sent you a PM with a Questionaire for Property Managers. Hope it helps [biggrin]
Regards,

Sharon

Hi Don & Liz,
Yes, utilities/cleaning of common areas/lawn mowing etc, would be covered in their room rent. [biggrin]
Regards,

Sharon

Thanks all, for your replys.
I wasn’t actually referring to my situation as I know I am already priced at what the market will bear in my area, taking into consideration the competition (similar vacant houses).[thumbsup2]

I have seen rents rise as a matter of course following interest rate rises in the past, however this was in a semi-rural…[Read more]

My first thought would be:
Is the population increasing or is it declining. (Part of your research as Monopoly suggested)
So many small regional towns have a declining population… not too good for rental prospects[blush2]
Regards,

Sharon

I haven’t heard of the 1a, 1b, but in my Council area you are allowed up to 6 brms. 7brms and upwards is classed as a boarding house and must comply with strict council regulations.

Maybe there are different regulations depending on where you are. [confused2]

If anyone is contemplating purchasing a boarding house, please check the cost of…[Read more]

Hi Zippys,
You’re not the one looking like an idiot[biggrin]
I think Brahms is referring to Derivex when he/she types ‘D’. Who knows, except Brahms.[confused2]
Brahms posts are usually cryptic, critical, or just plain crap. [thumbsdownanim
I really don’t know why he/she bothers.
Regards,

Sharon

Hi PurpleKiss,
You may have lost a ‘tooth’ off the winding mechanism, or there may be something stuck in the winding mechanism.

If you can pull the top portion apart (you might have to remove it from the window first), have a look for foreign objects or broken bits around the top of the ‘twist control open/close rod’.

Other than that I would…[Read more]

Hi Inness,

This happened to me too, a couple of years ago.

The IP I was purchasing was occupied by the ‘tenants from hell’. They hadn’t paid rent for 6 mths or more, and had pretty much trashed the place. That was why it was being sold. The owner had just given up.[blush2]

No one else wanted it, mainly because it was hard to get past the stench…[Read more]

Thanks everyone for your input, it’s very much appreciated [biggrin]

Hi Padmaa,
Yes I agree, I have missed the mark as far as timing goes for this year.

Hopefully I will be able to get one organised and ready for December/Jan when the first round of accommodation offers goes out.

Also thanks for the tip about making up a brochure for the uni,…[Read more]

Thanks Clark, Padmaa, & Mortgage Hunter
for sharing your experiences, that’s very encouraging. [biggrin]

As far as I know (hearsay) student accommodation is in high demand but will check this out directly with the uni.

So far it looks like the way to go.
Thanks again…
any more experiences/suggestions/advice etc?

Regards,

Sharon

Hi CV2005,
Welcome to Australia, and welcome to the forum.[biggrin]
Here is a link to an online positive cash flow calculator which may be helpful…
http://www.ozwebsoft.com/sniffer.html
All the best,
Regards,

Sharon

A friend of mine lives in a share house and loves it.

She enjoys the social interaction with people of different backgrounds, but can still retreat to her own space when she wants to.

She says it is a great alternative to the high cost of renting a place of her own.

From what I have seen, it works well and there is a demand for this type of…[Read more]

Me again, just found some Goss on Perth for you…
https://www.propertyinvesting.com/forum/topic/9746.html?SearchTerms=perth
Regards,

Sharon

Hi Feast,
In answer to Q #3.
Here’s the Goss on books…[biggrin]
https://www.propertyinvesting.com/forum/topic/6845.html?SearchTerms=recommended,books
Regards,

Sharon