Recent content by Manic

The loan I'm on is interest only for one year and then it gets reassessed and extended. Let's say it's with a conservative lender like ANZ, then the second loan is with a more relaxed lender like NAB. From what I've been told, some lenders may lend up to 200k-300k more than others which rings an...

What if you are on an interest only period with bank A and have the ability to borrow $300k more with them. Then you borrow say $400k with bank B, because they have more relaxed criteria. When it's time to renew your interest only period with bank A and they review your serviceability, you...

I have a 680m block with a 3 bed house on it including driveway and small patio. I was just charged $170 for mowing the place by someone selected by the PM. It prob hasnt been done in 6 weeks so could of been quite long. It seems steep to me. What rates are others getting in the area?

Naijacoder, if you're looking to buy and sell in the same market anytime is a good time as any 'gains' you make on one place, you will probably 'lose' on the place you buy as it is rising as well. The factors that are in your control are probably the presentation of your own property to get...

I reckon high 7's, possibly 8. The land is much larger than the average block and most houses, like this one, are unrenovated. Would of been good to see this one go to auction but, it's not the case. Yes, it had great bones and needed a coat of paint, possibly new carpet to get a good yield on it.

No price. Was going to auction on the 18th April.

That must have happened today. Who wants to play a guessing game as to how much?

Yes, thanks for your input everyone. I'm personally not going to go ahead with this one so here's the place, it could have some great potential if someone wanted to look in to it more: http://www.realestate.com.au/property-house-vic-pascoe+vale-119387295

A 3 bed town house. For the investment to be feasible, it would have to be a residential house that is part of a subdivision. I can't see it feasible to heighten it so much that a bobcat can access it underneath, that wouldn't make sense. You prob wouldn't be able to dig it up at all once the...

Thanks, so what i'm reading is that it is possible to build a house over an easement but 'conditions' may apply from YVW such as having the footings a set distance away from the asset as well as having footings deep enough so that the sewer is not in their 'zone of influence'. From an...

I've heard of this, it's basically wrapping it in concrete to strengthen it right? Even if it cost 50k it may be worth given the location and size of this block. Would you be able to build a house on top even if it's been encased? I'd look to put 3 dwellings on it in the future given the...

Hi folks, I'm currently looking at a 990m2 block in a great location. What's turning a number of people away is a sewer that goes through it about 3/4 up the block (pic attached) which makes the land far less usable. The local water authority is Yarra Valley Water in Melbourne. I've marked the...

Have you been to the area and got a 'feel' for the neighbourhood? What do you want the property for? Future family? Are there schools nearby? Are you in the catchment zone? I'd stay away from main roads. For any place, you want the place to have 'good bones' so you can add value through...

See_change, been following your posts. What's your range for 'cheapies'?

Hi folks, My property manager is proposing a lease of my IP to the NSW department of housing. I don't know which tenant will be placed there by them and I'm told DOH will wear any damages caused by the tenant just like any other lease. They will also still pay if the property is vacant. There...