Recent content by House Hunter

I am wondering if anyone on SS has an IP in Maryborough and has it managed by a property manager? I am currently at the back end of a reno and will be looking to lease it soon. Can anyone recommend a property manager or has anyone had any bad experiences?

Thanks for the feedback. Yes Marg that was my thinking as well. I'm not sure how to include it in the contract but will talk to my solicitor about it although the horse has already bolted as I had to make an offer in the way of a signed contract. I am going to get in contact with the real estate...

Hi guys, I am currently putting an offer on a property which is owned by a company that provides housing to the disadvantaged. The house has a lot of cosmetic damage and the place is in dire need of some serious work. The current tenants are not happy about the house being put on the...

Hi guys, Could you tell me what Koongal is like? What is your reason norwoodman for staying clear? I have been looking at a few in Koongal, Allenstown and Berserker that are just inside the 9.5m flood line with great yields. Hoping to get up there soon. Cheers

Hi Guys, I have a few questions around tax and the depreciation of my first IP. My wife and I are currently living in the property until the 12 month window required for the stamp duty concession runs out on the 27th of June. I am going to get a depreciation schedule completed on...

dtraeger2k I am curious why you made an example of Maryborough and the demise of its sugar industry? Based on the amount of cane being grown around here and the Maryborough Mill production data things are pretty consistent. The number of growers has dropped but that's like the entire...

I have been looking at Toowooomba for awhile now and it does appear that the market is starting to move. I am looking at purchasing an IP in Newtown, South Toowoomba or Harlaxton purely for better yields. Can anyone recommend a good conveyancing solicitor and building inspector in Toowoomba...

Underground mining engineer at a gold mine FIFO/DIDO.

Hi JWR, That's great to hear that your house is going well. I have driven past it wondering who snapped it up many times now. Unfortunately I will be back at work on Friday so will have to give it a miss. I hope your reno goes well and look forward to hearing the updates. Out of...

Hi JWR, I was looking back through the posts on gympie and came across this thread. I know the house that you bought and was looking at it myself. My only concern was the potential flood threat from both Deep Creek and the Mary River. How did the property fare with the flood this...

Hi, can you PM me the details as well Cheers

Tobe we don't have any equity in our property. Settlement was only on Friday and although it was discounted from the asking price ~$30,000, our lvr was 95% which would still put a new valuation >80% lvr. I do have a newbie question, how often does the astute investor leverage equity from their...

Thanks for the replies guys. Rolf yes we plan on using our offset account to bank all money leading up to our next purchase. As far as the LMI is concerned, our next purchase will be a sub $200,000 IP so it will be manageable. We are hoping to buy the next property as soon as we have enough...

Hi Guys, I have been snooping aroung SS for many months now and have been picking up lots of valuable information. My wife and I have just made our first purchase in Gympie, Qld so I decided to make the jump and post on the forum to get some feedback. Our first property was purchased...