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Tysonboss1
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@tysonboss1
Join Date: 2007
Post Count: 306
December 20, 2007 - 10:48 pm
ngardiner wrote:
[
Really? I have a 26 year old single friend who has a 3 bedroom DHA property in Sydney (not sure of the suburb name, it's a newer area up from Campbellfield, about 15km south of Bankstown off the M5). Nice place too, but I assure you he looks after it. After having met some of his defence force mates, though, I'd be a bit concerned if they all had DHA housing.
Well that is definatly not the normal thing,… Are you sure it's a DHA property.
Because when I left the army 2 years ago there was a shortage of DHA properties so even alot of married couples were forced to rent on the open market,…
also within the army DHA properties are referred to a "married" Accomadation. I can't think of a reason your mate would be living in a dha house, unless he was defacto or had a kid.
Tysonboss1
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@tysonboss1
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December 20, 2007 - 10:47 pm
jamo.d wrote:
I have had some tips from a few of the locals over the last week on how to hold up and slow down the developers has anyone been a victim of any of these and how effective was it ? –
1) Complaints every day to everyone and anyone during construction (Workcover violations, illegal workers, trespassing, personal threats, noise, smell, dust, swearing, property damage, etc) to slow the development down so as to increase the build time and costs thus reducing profits.
2) When the units are finished and being viewed get the metal drop saw out and cut up scraps of metal each time till the group has left. It will take years to sell the property.
3) I used to be a professional Roo Shooter, when the mates drop off roo's, pigs, rabbits and goats for the dogs to eat get a little extra and let it rot down the back. There is always a pig or goat head down in the chook pen getting picked clean.
4) Erect large signs in your yard facing the development, letting the potential buyers know what you think.
5) I do not approve of this at all but it has been done apparently, throw dog shit up into the gutters to run into the water tanks. Costs a bit to have it flushed out and adequately cleaned, if it can be.
6) Heavily spray your house for termites and get some finches, feed them LOTS of termites, they love plywood and particle board. I re-clad my house and painted Creosote on ALL timbers, walls, floor and roof, couldn't move back in for almost 2 weeks.
7) Grow some Dawn Redwoods down the boundary fence they grow very tall, very fast.
Ring crime stoppers and keep reporting suspicious activity (child porn, drug dealing, illegal brothel)
9) Put a notice on the local notice boards "Free Building Materials"
10) Run for local council.
J.D
It's seems you want every one to stand up and take notice and respect your rights, But you don't want to have anything to do with respecting the rights of others.
You don't seem to care that these "Big Nasty Developers", are most likly just mum and dad investors putting there life savings into a project.
I really have never met anybody as self centrered as you seem to be,… you probally can't see it but you are wrong.
Tysonboss1
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@tysonboss1
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December 20, 2007 - 10:38 pm
jamo.d wrote:
They are a lot wiser now, knowledge + action.
My concern in regard to my situation was for the poor bugger who tries to sell their development next door to me as I have 3 x 50 – 60 kg hunting dogs, ferrets, chooks and ducks, a large noisy workshop along the fence, I spray paint and abrasive blast regularly down the back, large swimming pool and trampoline, 2 young sons with 14 motorbikes that are ridden around the yard nearly every day (I hope they don't mind the smell and the noise).
Here you are preeching what should and shouldn't be done in a residensial zone,
why don't you have a look at how your behavior affects people before you cry about some conducting a perfectly legal investment in the local community,…
Tysonboss1
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December 20, 2007 - 1:49 am
The Biggest thing with commercial is that it is all lease based,…. Meaning the Value of the property is based on the quality of the tenant and the quality of the lease,… you can have 2 properties side by side that are exactly the same,… one leased to a dodgy curry shop on a shaky month by month lease and the other leased to a Subway Franchise on a10 year lease with built in rental adjustments and outgoings paid,
So you really have to examine the lease and talk to RE agents specilizing in commerical in that area to find out if the lease is undervalued,
Tysonboss1
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December 19, 2007 - 10:25 pm
virgininvestor wrote:
Hi,
There is no need to be so rude and vocal, I was simply stating the experiences I have had this such properties. Good for you if you have had a pleasant experience, thats really nice, but thats the point of the forum for everyone to state their view so how about some respect.
The housing your probably talking about is located in NSW and QLD where there is a heavy defense presence. I'm talking about ones in and around Melbourne Victoria were there little defense areas or bases. Many of the defence houses around here are on a single block, often with only one in the street. I have 3 at the moment which I have severed Notices on to clean up the property and one for noise issues. (point cook area)
Just because your in the army, does not make you the best tenant in the world, have you seen the videos on you tube?
All I am saying is that your original comment is wrong,… DHA is a set and forget investment you can be assured that when the property is handed back it will be in good condition it will be freshly painted and re carpeted,
To say that if you rent your house to Dha it will not be looked after is just false,…. you have a far greater chance getting bad tenants if you rented the house through a normal property manager,…. Even if as you say you got a tenant from Hell who damaged your property and trashed every thing, thats not your problem dha will take care of it before hand over
Also DHA houses are not rented to young immature groups of soldiers they are only lent to Married or defacto couples and families, any unmarried or single soldiers with no family that want to move off the base have to look for a house at the local RE office just like anybody else.
Tysonboss1
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December 19, 2007 - 10:22 pm
I hold a block of westfield stock, westfield is my pick in this sector for a long position.
Tysonboss1
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@tysonboss1
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Post Count: 306
December 19, 2007 - 2:20 am
L.A Aussie wrote:
The best place to buy an IP is where you can get:
1. good rent returns
2. good cap growth prospects in the mid-long term.
3. good "add-value" factors
4. good tax benefits and depreciation.
5. good location.
6. affordable for you.
This is the basis for a succesful IP.
One thing I would add to marc's answer is to keep in mind the target demographic for each property, Think about the kind of person that would want to live in that particle house,..for example will it suit a large family,… a single person,… a young couple,… retired couple,…
Once you have an idea of the type of person likly to live there, check the availablilty of services that demographic needs and values are readily available in the area,….. also think about possible improvement to the property that might make the house a bit maore attractive to that demographic this will increase demand and possibly increase your return.
and secondly think about who will eventually by the house from you,…. and make it more attractive to the person who will buy it,… for example what attracts an investor is most likly different to what attracts a young family.
Tysonboss1
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Post Count: 306
December 19, 2007 - 2:01 am
Scott No Mates wrote:
Laughing – just walked off with about $60K on top of my $50k. Waiting on the final numbers. Thank goodness for etrade.
When you can keep a clear head and make deceisions based on rational thinking and facts, you will always profit from others who are panicing and franticly dumping good stocks and crazy prices.
Tysonboss1
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@tysonboss1
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December 19, 2007 - 1:29 am
Scott No Mates wrote:
Laughing – just walked off with about $60K on top of my $50k. Waiting on the final numbers. Thank goodness for etrade.
Great work mate,… Goes to show when you are quick to spot a market over reaction to can make some beans,….
I was looking at the centro situation but I didn't make a move,…. you snooze you lose I guess.
Tysonboss1
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December 18, 2007 - 1:22 pm
v8ghia wrote:
Welcome to the forum,
The ADF are giving incentives for members to buy their own properties quite strongly, so maybe demand for rental properties and or return will lessen in the future.
All the best.
When your in the Army facing getting posted to a new location every 3-4years buying a house in your posted location is not really appealing,…
especially when rental assitance packages are so good,… alot of soldiers generally buy property in there home town and continue to get rental assitance in their posted location,…. thats what myself and alot of my mates did anyway. at one stage we were renting a house for $325 / week, the three of us were getting nearly $100 a week rental assitance each,… mean while two of us had 2 properties in Brisbane and the other had 1 property on the central coast.
and with DHA it doesn't really matter any way because you get your rent even if the house is vacant for 12 months, which some of them are.
Tysonboss1
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Post Count: 306
December 18, 2007 - 1:13 pm
virgininvestor wrote:
I work in local government (by-laws) and have had some very bad experiances with DHA housing, most DHA houses are not looked after, treated poorly and DHA housinf officers are very hard to contact and get action for the tenents to clean up or stop causing a nuisance to neighbours. If your fussy about the up-keep and running of the property I would be a little put off!
Having spent 5 years in the Army living around friends and work colleages who lived in DHA house's i THINK YOU ARE SPEAKING ABSOULTE RUBBISH.
Any way if you do a search for DHA on this site you will find some good info,….. If you are a hands off "set and Forget" type investor I think they can make good investments.
Tysonboss1
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December 17, 2007 - 6:53 am
perryjudd wrote:
I have found that when looking at potential yields in these areas, the numbers just don't stack up if you look at current rental prices. Eg 350K property will only get about $300 pw. However I believe that many places are due for large rent increases. It has to catch up eventually right? How do you accurately assess what a place SHOULD realisticly get rather than what it is currently rented for? If this can be factored in then it might be more affordable, but is risky because someone down the road might be happy to accept a lower rent for a similar property.
you can get a RE to do an appraisel,… or just avertise it at a certain price and see if you get bites,…
Tysonboss1
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December 16, 2007 - 11:17 pm
hleung wrote:
Milly wrote:
just a small point, none of these places are in Brisbane. they are all either Pine Rivers or as in north Lakes, Redclliffe shire. I think Petrie will do less well than any place close to the Gateway. All those areas are predicted as growth areas.
I have been considering whether to invest in Murrumba downs or try to get something (probably dilapidated) in Brisbane. Brisbane has one thing that these other places do not ie land scarcity.
I'm not one for units but the future holds a greater percentage of aged and single people. Also younger people and couples also want to be where the action is, so I think you can't go wrong with a unit in the CBD.
As someone else mentioned, keep the unit till you have the equity to buy in north lakes or murrumba downs or somewhere you like.
You're right, Kallangur is strictly not part of the Brisbane City Council. However,I like many others, still think of it as part of the greater Brisbane area. It's not just inner Brisbane that there is a land scarcity at the moment. Try buying a block of land in "outer" Brisbane at the moment. In a Caboolture estate that I was interested in, there was only one block left for investors. The rest were for owner occupiers. I've also looked at Warner and North Lakes – same story. Come in closer to places like Carseldine – nothing much under $300,000, if you can get it. In Bracken Ridge, again, virtually no land available for investors.
Regarding units, I do own one in Toowong and another in Kedron. It's a toss up as to whether to sell the Kallangur property or one of these units to ease my cash position. I've noticed that in some of the major capital cities that units close to the CBD are performing better than house and land in the outer areas. It's a hard call!!
When was your last rent increase and by how much,….. you may find you have a nice surprise of untapped rental income,…
Rents have had big gains in Pine rivers over recent years,… I did a rental increase of nearly $100/Week on my property at murrumba downs,… It might be worth not renewing your tenants lease say because you want to do renovations,… give the place a quick spruce up and put a new tenant in at market rent,
Tysonboss1
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December 16, 2007 - 6:51 am
Please tell me that you have bought the propety in a trust with the company as trustee,…
If not I feel you may have shot yourself in the foot.
Tysonboss1
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December 16, 2007 - 6:31 am
perryjudd wrote:
Would you include Petrie in that list of areas with good growth potential? Saw a good 4 bdrm place the other day there for $340K. I have heard all those suburbs are good all the way to Caboolture but I'm not sure either as I am looking for an IP, but still vascilating between house out that way or inner city apartment. Rental returns just don't seem to be as high on the north side compared to south. Anyone got any comments on that? Another thing though… don't forget NorthLakes is going to be a massive shopping precinct with DJ's etc going in there, which will service those suburbs on the other side of the Bruce Hwy.
If you are after capital growth then i think a house in the northern suburbs will out perform any apartment in the city,….
I have properties in these area including petrie, I actually grew up in Kallangur and feel that all the factors are just right to ensure continued growth,…
Tysonboss1
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December 15, 2007 - 11:14 pm
I guess you have to examine the reason you want to sell,…
why is it that you want to sell, what is you will use the funds for,…
Tysonboss1
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@tysonboss1
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December 14, 2007 - 6:07 am
If i were selling the property then I wouldn't care if the tree went,
Tysonboss1
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December 14, 2007 - 2:14 am
Inregards to the above mentioned,….. Betweeen the developers,.. architects,… builders and consultants,…. the development probally has as all nessary points covered before you even find out about it,…. before they even purchased that block.
Tysonboss1
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December 13, 2007 - 7:57 am
Thought this link might interest you
https://www.propertyinvesting.com/xmaswishes/hotspotting
Tysonboss1
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Post Count: 306
December 13, 2007 - 7:37 am
jamo.d wrote:
4) I am not trying to stop progress, just trying to maintain the lifestyle that I already have and am entitled to. Progress is something that improves the community.
5) Most of the new sub-divisions in the area are 1/2 to 2 acre blocks. So yes I must agree in this area the 1/4 acre blocks are on hold.
6) What job are you trying to get done?
Trying to maintain the life style you are used to,… you don't have any right to try and control what goes on outside your yard,…. you sound like those people that owned a house 3 blocks back from the beach for 20years that whinged when an apartment building goes up and takes there ocean veiws away,…….. developments do improve the community by increasing the amount of affordable housing,
If the subdivisions are 1/2 to 2 acre blocks then I would suggest that in 20years people there will be having a whinge in the same way you are now,….. why don't you build a duplex in your back yard rent all three dwellings out and move into the new subdivison onto a 2 acre block.
the job I am trying to get done is to continue being an active investor helping keep Australias economy rolling and providing affordable property soloutions.