Thanks for that…with GE not dropping their rates I think we will take the get out clause and refinance with Aussie Homeloans, fixing for 5 years and paying interest only on our IP's.Cheerstugger

sorry forgot to mention before that I am only 2 years in to a 30 year loan of $570k , having $20k in redraw available at the moment. Didn't think I would be affected this much in such a short time

Thanks for that… just means that although interest rates are coming down my p&I repayments don't decrease by that full amount really. Oh well…. no big dramas. Thanks for your comments.Tugger

thanks for your comments guys… I have changed my approach a bit and have purchased a block of land with the intention of building our PPOR in Tas. 800m2 block for $110,000, 7km to hobart and having plans drawn up for two townhouses, of which we will live in 1….hopefully that does the trick. Thanks again guystugger

yo futzy…your best bet are 'simmons and wolfhagen'… they are just about the top conveyancers in hobart….stickk with them…cheerstugger

G'day Futzy…I have 3 I.Ps in Hobart and they are all provide good rental returns 5-6% and are tennanted 12 months of the year. We have 2 in Kingston (15km from hobart) and they rent well but our townhouse in the middle of Hobart (Sandy Bay) rents within a week of tenants leases finishing, often with 3-4 parties submitting applications. If I were…[Read more]

Good onya Adrian and Amber…We have 3 IPs already and have the next 3-4 years mapped out as we are currently living in the NT and putting some serious money into our mortgages. We are planning to start a family soon and are very excited about the future. I suppose I just love investing and think about it all day everyday, and the more I can get…[Read more]

in mid 2009 I will be taking 12 months half pay leave from my job, so I thought it might be a good opportunity while I am doing some renovating to also dabble in property management.. even if I take on 1 property first and learn the ropes, before taking on the second and third at a later date…. this way I have the time to give to my tenants….…[Read more]

good onya banjo…that sound like a much easier way to add a bit of value to my rental return on the property… with some cupboard handle changes, new coat of paint and a new benchtop that would make a nice change…cheerstugger

thanks for that…we actually have another real estate agent after our business who has emailed us their prices, so might just do that and see how we go. Cheerstugger

try REIT…real estate institute of Tas….. some good data, but also some average data…mostly on sales price, wages, housing affordability etc…hope this helps

hey scamp…by the sounds of it as soon as interests rates do go down you will have no credibility left on here at all…you might just have to retire to that deep dark hole where you come up with all these dark predictions….good luck with that

thats a good idea… do you think it is possible to send off the photos to other real estate agents and ask their opinion on rental returns? I'm sure the previous PM got permission to get into the house prior to the lease expiring but it doesn't appear this one wants to. One of the other people that works with our PM owns the townhouse in front…[Read more]

I suppose looking at our properties ($380, $370 and $250 per week) we have always had professional tenants and never any dramas with them. The properties are in excellent condition and pretty fool proof. Although it might be time consuming and create more headaches for me, I find the idea quite interesting and feel it would add another string to…[Read more]

I suppose looking at our properties ($380, $370 and $250 per week) we have always had professional tenants and never any dramas with them. The properties are in excellent condition and pretty fool proof. Although it might be time consuming and create more headaches for me, I find the idea quite interesting and feel it would add another string to…[Read more]

I suppose looking at our properties ($380, $370 and $250 per week) we have always had professional tenants and never any dramas with them. The properties are in excellent condition and pretty fool proof. Although it might be time consuming and create more headaches for me, I find the idea quite interesting and feel it would add another string to…[Read more]

I suppose looking at our properties ($380, $370 and $250 per week) we have always had professional tenants and never any dramas with them. The properties are in excellent condition and pretty fool proof. Although it might be time consuming and create more headaches for me, I find the idea quite interesting and feel it would add another string to…[Read more]

Thanks for all the great info…when knocking out your own kitchen how much of the plumbing do you have to retain? Can you pretty much go hell for leather with the crowbar as long as you dont damage the plumbing and electrical? cheerstugger

Thanks Aussie…Would love to have a hand in pulling down or putting up a kitchen but would rather see how its done first time and maybe give it a crack second time around. Cheerstugger

G'day DeeBee,its good to see more tassie investors on this website. Lutana has shown some good growth over the years and will continue to grow at a steady rate. We have 3 IP's and the Quantitative Survey is well worth the $660 it costs to have it done per property. With 2 of our IP's this financial year we were able to write off approximately…[Read more]