Recent content by long haul

Great, thanks willair. It looks like that is the route to go down. I've managed to negotiate it down to $1600 installed so not too bad.

Thanks Sydprop I think I may need to consider a new unit. Add to the benefits- a 5 year warranty vs no repair coverage. Does anyone know if $732 for repair is reasonable?

Hello Somersofters Would anyone with any experience in the area care to advise whether or not I am being taken for a ride: I have received a quote to have a problem rectified on a reverse cycle unit in my IP. The problem is that the valve that swaps the system from cooling to heating is...

On the plus side of these ludicrous asking prices for Parra OTP, ... 850-900K for a small 2br box pushes the value of my 9yo 2bdr 145sqm courtyard apartment just south of the Western Hwy up very nicely by comparison:D:D Purchased Nov 2013 for 420k.

I have indeed been thinking about walking my business elsewhere. However as that particular security is over the so called 600K LMI brick wall, my LMI bill would be looking frightening in any case. Were talking 18K LMI for 65K increase back up to 90%. I think I need to sit on the sidelines for a...

rolf Yea I could imagine people being a tad angry about it if investing in regional NSW.

...and here I was thinking I was rather safe with ING. They have one of the most stringent serviceability policies I or my broker know of, yet they are one of the first to go to 80%.

Although, break costs on one of my IP's is only $1700.

According to my broker ING Direct have just announced max 80% LVR on all investment loans on any NSW properties. As someone who has 2 IP's in Sydney ripe for an equity pull I am spewing:mad::mad: Mostly fixed rate too, so I can't move my business anywhere else for the foreseeable future.

Yep silly me, deleted as I do not wish to hijack the thread.

I assure you that as a development newbie I'm no where near comfortable with my numbers:o These are just rough numbers at this stage, maybe even a tad optimistic especially on the new build cost. I'm aiming for Jan build so still many months to research. Thanks coffeetea for raising the...

Wow Beanie Girl you're all over it. Thanks for the info. I'll read up on all options and be sure to consult LCC planners to see if there is any wiggle room on subdivision land size. At worst a 100sqm dwelling with its own fenced yard feels more like a house than a granny flat and should...

I've been following the new planning scheme with great interest. Last year I purchased a 3br highset in Daisy Hill on 1400sqm, with the intention of building a 100sqm auxillary unit in the rear of the lot. The zoning is Large Suburban, although I don't see any differences in what I am allowed...

What about the low dollar effect on QLD tourism? Would that be a relatively weak fundamental as far south as Brisbane?

My current mindset would say that I would probably opt for strategy 2 with a 3-500k buffer sitting in an offset. However as I am still much closer to the beginning of my investment journey I concede that my approach would be different at the other end. I may still have dependant children for...