Thanks for the replies folks, todate I will work on or near the 6%  ROI  figure, I came to this conclusion after seeing what defence housing is offering which is anything from from 4.2% to a maximum i can find of 5.3%  ROI which for an investor is  on the low side to my way of thinking, I know they find the tennant and do some new carpets and p…[Read more]

andrewbeech wrote:
They can be worthwhile or they can be trouble …. I would suggest trying to only buy these on the secondary market as the developers usually try to price the cost of the higher return into the off plan purchase price. If possible try and get the figures for the "actual" returns the room would have netted if it wasn't on a…[Read more]

pitto wrote:
Just an update, our valuer came back with a rent of $525 per week,  that is $55 a week more than the DHA valuer.   It will be interesting to hear from DHA, frankly I don't know how they don't get embrassed when they get caught out like this.   They say that 99% of people are happy with their valuation, make that either happy, igno…[Read more]

I am looking for an investment property,something that makes me money, if you do your due dilligence i am sure you will find this type of investment is very poor and you will have to find money from your own pocket for many many years fter you sign up even allowing for rental income..However they must have a large marketing budget and a good…[Read more]

Thanks Terry,I will look into them, they are not too far away either at Norwest .Have you used them yourself ?Trustie

I recently attended 2 auctions 1 in Canberra & 1 InSydney Nov 08Wespac was selling a portfolio about 73 DFA properties in total, i attended these auctions but not before making many enquiries to the Various Ray White agents where some of these were located the agents gave me the impression (possibly just to get me there) that the yeilds may be b…[Read more]

Glenn1964 wrote:
The DHA investment homes are something I have tended to stay away from.In particular, one of the aspects of these investments is that rent is 'reviewed' annually and (apparently!) will never go down – only up based upon fair market rent.Sound okay!  Right?However, consider that most of the adjacent properties are also DHA homes…[Read more]

Futzy,If you purchase the Oct 08 edition of Australian Property Investing magazine on page 118 there is very detailed information on every suburb in Tassie ie grothe last 10 years, grothe last one year, number of properties sold last year, the median selling price.For the sake of 7-8 dollers you will get a very good look at how all the Tassie…[Read more]

Not sure if i am able to get this extra grant or not, I paid .25% to the agent to hold the property,  my 10 day cooling off period expires tomorrow, i have not yet paid the full 10% deposit.So any views as to whether i might get this extra $7k  grant.

Thanks for the replies Opportunity & RichardI spoke to both companies you guys mentioned and both were helpful, however we will go with BMT as the person i spoke to  (Mitchell) was really trying extra hard to assist me.

opportunity wrote:
Contact a quantity surveyor for the depreciation schedule.  BMT & Associates (ph92416477)have been recomeded by my accountant.  Never used their services or not sure if the phone no is correct.Opportunity

Jayson            Thanks for your detailed reply,I will certainly take on board all your advice,i can assure you i would never use an unlicenced person to remove the A/C roof sheeting on any project i undertake.I too have had asbestos clearence tests taken in the past where the air is monitored during removal of asbestos,and again on the comple…[Read more]

mackers wrote:
 Hi trustieone Being a person who is a, A CLASS prescribed license holder and an a class license holder in his own right I would advise that you go to a hygienist company such as Queensland audits, Noel Arnold and associates, Queensland laboratories or Parsons and Brinkerhoff and ask them to do a report upon the stability and…[Read more]

Scott,they were the reasons given by the btoker,he is now looking for another lender,somehow i think i am being misled along the way.Because of the above reasons they feel if i get into financial trouble they will have difficulties selling the property because of its uniqueness,ie 2 flats,and asbestos roofing etc.

Always a hurdle somewhere, this has come completely out of the blue. My broker now tells me the lender  (ING) that their insurance underwriter will  not take on the property as it is outside their risk profile, to date my loan was approved, with the bank ING & was happy with the valution from the valuation company, feedback from the broker is they…[Read more]

During the loan application i asked the broker would i be able to get a copy of the bank valuation, and even at that time he had doubts that it could be obtained, the lender is ING so i dont know if it is the normal practice not to show it to the new owner.I will insist further for it as i truly feel everything should be out in the open.Is this a…[Read more]

CORHIGIf you google Sizewise a carpentry company called this name is located in Townsville,this maybe what you are after.Good Luck

Hi Rabbits                  The asbestos sheeting in bathrooms or anywhere else on a property is usually fine, just never grind it or drill holes in it, just avoid any thing that makes dust with asbestos/fibro sheeting .I too have removed it over the years and if you keep it intact all will normally be ok.If you do need to work with it just wea…[Read more]

Hello Mick & others                  Finally my daughter has bought the property,all appears to be good and no surprises to come hopefully, it is showing a gross rental return of 7.19% and is in the Lake Macquarie shire not too far from the lake and shops etc.As this is my daughters first IP she is a little nervous but also relieved to have fi…[Read more]

Hi JmanI attended an off site auction last week at Charlestown NSW (near Newcastle) it was held in a funtion room at a large hotel,i understand they use this venue for all their commercial auctions (Ray White).They had a mix of about 12 properties for sale residential, commercial etc but only one "garage conveinience store" sold on the night, a…[Read more]