Forum Replies Created
Hi,
Not trying to sell anything or anyone (I'm in IT myself). I do however work for a company that does Surveying (and Engineering, Planning, Urban Design etc etc). We have a Geelong office too.
No sure how big a job you need doing, but our company "generally" does some big stuff, not sure how "small" we go however (sorry, as I said, I'm in IT). Give our Geelong office a call and they will be able to answer any questions:
Coomes Consulting Group
http://www.coomes.com.auSuite 6
72 Gheringhap Street
PO Box 449
Geelong
Victoria 3220
Australia
T 3 5249 6888
F 3 5249 6899Cheers,
Nick Marshall.How did the contract go Crashy? Got that lovely "unconditional" part about it yet?
Crashy,
I'd love to see the finer details of your latest reno. Sounds like a nice solid deal.
Hi PropertyBoy,
My wife and I recently moved to Melbourne but only JUST after having our first home in Tasmania for 2 months. We had the first home owners grant for this house, and it was to be a Home, not an IP. Well, as it turned out we had to move to Melbourne and therefore leave the house behind. Here's were it gets tricky…
If we were NOT residents in the house for a minimum of 6 months within the first 12 months we would have had to pay the FHOG back (+ some extra fees). So if you are buying for investment with the idea to rent it out you may not even be able to have the FHOG as part of the equation. Obviously this may have changed (or I may be remembering it wrong). But I do know that I had to live in Melbourne for 4 months without my wife while she stayed in Tassie (and that sucked!).
Valkyrie
Hi Porpertyboy,
I understand your questions as to "where can I find these properties in Melbourne" – I myself live in Melbourne and find it difficult to identify properties that on their list price would have a greater rental income than what the mortgage repayments would be. I'm only JUST stating out in the world of investing myself so I'm sure that there are many more things I have to learn.
However… I suggest that you also read Steve's latest book as it is more relevant to today's market. (actually read as much as you can from any property investing authors, never stop learning!) He speaks about finding solutions to problems. Anyone can walk along and say hey this house would only cost $500 a week to repay, yet I can get $600 a week rent. But if you find a run down property that needs a bit of work and is in an area with demand, you can create a solution to a problem and "make" it into a positive cashflow'd property. Build a carport, add an extra bedroom (bedroooms are key to rental return), paint, tidy up the yard. Or, if tenanted, find out what THEY would like done, and what extra they would be willing to pay for those things.
Make sure you know the area you want to invest in, "know it like a local". I myself have very little experience in Melbourne, I'm from Tassie so that's where I look for property. In time as I get to know the local "Melbourne" areas I will probably concentrate there.
I love Steve's signature on the form… " Remember that success comes from doing things differently."
Valkyrie
