Forum Replies Created
Scott no mates
Actually, Queensland law says you need to fit at least a 9V alarm not a 240VAC alarm!
All new buildings need a 240VAC alarm or extensions to old buildings!So there.
Also cost of servicing 240AC alarms is double the cost for 9V alarms at about $90 each? each year..
Actually,
Conveyencing? I haven't purchased for a few years now ( due to prices etc ) will need to look that up. Or someone else to jump in thanks.Both when you sell
Mark,
I lived in Townsville back in end of 80 to early 90's. I still have a house rented in Kirwan , its an old type highset.
Growth in Townsville was very low for about 15 years, but is now going ahead well over last few years, mostly I think due to Townsville infrustructure expansion and reliable water supplies.
I liked the town but didn't like the hot and long summers……….I agree with JL on his suggestions.
I don't think you can really go wrong buying in Townsville, it has a long future, but I don't think it will every be a Gold Coast, its too far from Brisbane etc especially with the price of fuel rising, I think the tourist trade may drop off a lot. But rentals usually rent out well – never had any real problems over 20 years. Good place to go and visit in the winter time.
Best of luck.
Lino is good in older houses.
Tiles are best in newer more expensive houses.Answer – Just read the topic "Best advice:Don't invest into property:The Australian market is CRASHING" – it is still active after 14 pages – lots of good info.
Smoke Alarms – now theres a new never ending expense.
Yes, you will need to install the alarm or two depending on size etc of unit.
New laws in Queensland ( over one year old now ) mean you need to fit one. Also you need to have it tested and new batteries before new tenant starts each time, and once a year have it tested. New companies are now starting up making a killing from owners of rental properties with assistance of real estate agents trying make sure they have someone else to blame if a fire burns a house or people are injured.
I suggest you put in a battery operated unit at $8 or so yourself – very easy to do.
After one year or with new tenants – put in another new one – thus new battery and unit – cost another $8…First Home Grant is per transaction. You will get half each. If you are both eligible. Go to State Government web site for details as is handed out by state but federal gives the money.
If you go Tenants in Common, you keep your share of the property ( can elect 50 50 ) but if you go Joint Owners you can loose your share to the other ( its like being married to him ).regards
Hi,
Not a lot of detail regards your property supplied, but just a few things first. Any landscaping like lawns, plants, etc is not a tax claim, only retaining walls can be claimed.
Working inside and outside the house could be problem if you do any injuries or cause an accident so if you do not have insurance for such work, then be very careful who is present and all power tools etc will need to be labelled as inspected etc. However, please don't let me put you off doing small jobs that will improve the appearance and rent of the property.
Some jobs like adding a carport ( by professional installers ) can give good return for the rest of the life of the rental home, but I'm not sure how long your relocatable is going to last?
It's best to talk to the tenant about any project they may wish for, and ask if they are prepared to give a rental increase to help cover your cost. It's probably best to use Steve's book formula's to see if its work doing any project that is over a few hundred dollars.
Hope this starts some more input for you from others.
regards
