Our body corporate was ‘inactive’. RACT have a limit on the number of units on the site (7 if I recall correctly) but our broker found a company to do the strata insurance as we had 18 units on the site.

I’ve found RACT to be very price competitive for strata insurance for the smaller complexes

We have Strata Units in Tasmania and the Body Corporate has it’s own policy for the common property liability, held in the name of the Strata Corporation number.

Interesting question. I’d invest in areas/types of properties where yields are at an adequate level to offset the risk.

I’d invest in areas/types of properties where yields are at an adequate level to offset the risk.

Look for the gems because they are out there. Maybe not like Steve’s did initially, doubling in a short time but it’s the ‘non-standard’ properties that sometimes deliver exceptional returns and outcomes. You just need to think outside the box.

For our units in our area it’s definitely worth it – especially as we have some basic furniture that we put there ourselves. Any units shown to prospective tenants furnished are re-let in a much shorter time frame than if they are shown unfurnished.

In Tassie we can take it to small claims if it’s under a certain amount. Costs less than a couple of hundred dollars to lodge and usually has a better/quicker outcome than a debt collection agency.

I’d write to the owner first giving them x days to pay and advise that court action will be the outcome if they don’t.

Is they’re anything they’re…[Read more]

I agree with the other comments already made.

When making your offer explain why it is what it is. List the recent sales and provide full costings/quotes of all repairs required to bring this home up to the standard of those sold houses. Working back from the end market value will demonstrate that you’re not being unreasonable with your offer.…[Read more]

This is very interesting thread! At this risk of being shouted down I’d like to share my thoughts.

As an investor in the fund I am very happy with it’s performance. In fact I’d be happy to invest 10 times more $ if I had access to the funds.

Never before have I had access to an investment where the day to day management is transparent, both in…[Read more]

I have sent you Justin’s details in a Private Message. He will be able to give you current information on the best areas/streets within those suburbs.

Lol, I don’t usually believe their blurb nor take much notice of it but I don’t see anything in there that is crap and thought it might be a useful read for people doing some research on the direction of Tas. I don’t read newspapers either because the media rarely seems to be accurate.

Regarding Burnie, it has some terrific yields, even in good…[Read more]

My link didn’t work: https://www.tas.liberal.org.au/news/365-day-plan-second-quarter-update.

Thankfully right now Tasmania’s unemployment rate is lower than both Queensland and South Australia!

Ivan, you made me laugh – we don’t have a ‘Tasmanian’ team because of our great players being drafted by the other AFL teams. ;-)

I believe Tasmania is headed in the right direction at the moment . At our last state election the greens won so few seats that they no longer have enough elected members to be considered a party. This means the…[Read more]

Benny is spot on – the gross yield is a starting point but you really need to look at the NET yield to ensure the next property you purchase moves you closer to your end goal. Do you know the net yield that you need to achieve for the property to fit your investing strategy?

Whilst yields are strong in George Town, I don’t invest there personally…[Read more]

What net yield are you trying to achieve Lorella?

Sure, happy to share. Many of the local agents will hold your details if you know what you’re after although they don’t always remember to call if you’re not in regular contact with them.

I’ll Private Message you his details early next week as I’d like to speak to him first to let him know.