Hi ZayneThere's another topic in this thread about cost of bathroom renos.You'll find a lot of answers to your questions there.Paul.

Hybrid2007 wrote:
Notorious? as in rough/high crime area? Is it comparable to say the Elizabeth area? I hear people from Adelaide that say dont invest in Elizabeth for that reason.

The Elizabeth area for starters was predominantly settled from early 50's, (QEII) and is dominated by housing commission properties. There is a lot of 'fixer upper'…[Read more]

I did mine for about $2500. Did all the demolition work myself which was only hiring a jackhammer from Kennards, buying the PPE gear and giving my partner 'bribe' money for dinner!!Lot of DIY research, books, asking tradies/shop owners little titbits of info…..and mostly keeping it simple.I merely retiled the walls from a creme 150 x 250 tile to…[Read more]

I gather by your line, "no fuss that's claimed in the advertising" the company who's doors PLUS your problems = not happy!!Have you gone to the Dept of Fair Trading? They'd be my second call after calling the company in regards to the complaint.Paul

Hi KrisYou haven't specified your skill level so forgive me if I 'tread on your toes'.To completely gut a kitchen and bathroom in one go is quite an ambitious venture. I renovated my own bathroom about 3 years ago and sourced the trading post, Ebay, seconds shops for materials. Most of the tools I needed I either hired, (Kennards) or even Cash…[Read more]

I think I have the record for the lowest score……………… – 2019.Yeah, that MINUS 2019.HEEELLLLPPPP!!!!!!!!My partner was made  redundant last year, one wage now with 1 and 1/3 mortgages.

This suburb was formerly known as Hackham back in the 80's.Pockets of public housing mixed with private. Depends on what part you're interested in. Like all other Southern suburbs, it'll be going through a growth spurt. Since Colonnades expanded anyway and businesses moved onto Beach Road.I've bought into Woodcroft for an IP, had  it 2 years now…[Read more]

Hi RichardThanks for your comments.The two loans are crossed….yeah I know what some people think about that!!I'm trying to get my head around the whole LOC structure and whether, given our finances above, future wealth creation is still possible.

A work colleague of mine bought a property in an auction format a few weeks ago. I remember him telling me the day before the auction, "I've got my cheque book in my back pocket….just in case"Seems like if you're serious about purchasing at an auction, you'd have the purchase details already sorted…………………….

To those already who have  replied, thankyou.I didn't mention in my original post that, of the money left over after paying the loan payments each week, (approx $210), still have to take out groc/petrol and h/hold debits.I can see the long term gains by keeping the IP going, I'm just running out of money!!My wife is trying to get back into the…[Read more]

My Dad passed away suddenly in June this year. He was religious, (and I guess to a point he still is).

Anyway, I can always remember him telling me that there are angels that watch over us…..we cannot see them, we cannot hear them, but we can feel them when they are near.

After he was taken from me, I have realised that there is a greater…[Read more]

Hi Stu

A great article, I can’t wait to get my copy of API July.

Hmm…another thing I can’t wait for is to see my accountant for my annual tax pilgrimage and try and work myself out of a dilemma I’ve got myself into.

Allow me to explain for the forumites..

My 2 IP’s are cross-collaterised with my PPOR. I have a premier package with a Big4…[Read more]

Interesting thought…
Here’s another.

If you do use moist tea bags on the end of a broom, the main point is;

“Is it as good…..as Bushells”[strum][headphone]

Sorry!!

I use O’Reilly Lillicrap in Brisbane
Ph – 07 3395 1800

They were recommended to me by a friend and made my first IP purchase (even more easier) as I was an interstate buyer.

I’d definetely recommend them to anyone and will be using them again.[exhappy]

Hi mcubed

Like yourself, 18 months ago I ventured into the foray of property investment and bought in FNQ. It settled on Dec 14th (first mistake) and sat vacant till Feb 12th (second mistake).
I’ve had it tenanted since Feb 05 and have had NO dramas with the manager, lender or tenants. It’s a great feeling and as soon as you get one you want…[Read more]

I tend to have the belief that, if a tenant is looking after my property for me, and they’ve already had 12 months in my property, I’ll reward them with a $50 voucher from a major chain at Xmas. This is currently applying to my first I.P, but seeing as the lease is up for renewal in September, I’ll seek feedback from my property manager regarding…[Read more]

I’d spend the million on buying pre-decimal banknotes….
Naturally there are only about 4 or so I’d consider buying due to current price and condition.
Sit on the banknotes (not literally) for 1 year, then sell them for a very tidy TAX FREE profit…………..
Now I’ve got my original million back….with approx 60k extra to spend.

Numismatics…[Read more]

Does anyone know of good buyers agents in the Mackay/Townsville area? *raised eyebrow*

Hi Stevie
I deal with Lyn Anthony Real Estate in Townsville for my I.P up there. Have had no troubles with them and they’re on the net too.

Hi Snowkiwi

Without knowing your financial situation, here’s some advice from someone who used to live in Blackett just over 5 years ago…

Houses back then (and for the majority of our interstate readers I’ll clarify) were mostly housing commission with a small minority who were owners. We lived in a rental on a main road and were offered the…[Read more]