Recent content by mmmggg

Hi all, I wasn't sure where this thread was ment to go but I think here is as good as anywhere. Firstly a little background to give the context of where this thread is headed and for our interstate friends. In SA the owner receives the quarterly water bill. It contains some additional charges...

Strangman - SA law states noone except the government is to put Electric hot water systems in. Some conditions except you but on the whole everyone has to choose another hot water system.

Its not all good news. Elizabeth has been my worst suburb. My maisonette in this suburb has had 4 defaulting tenants in the past 3 years. None have stayed longer than a year. I have had to spend an additional 10k doing the property up complete bathroom and in the last month a new HWS. The...

Buy now I am going to suggest otherwise. Everyone has been saying wait. I say buy now. Why??? Prices are cheap. Negotiate on a clean property around $150000and be very aggressive. Presently as you said Adelaide prices are low so don't be afraid if your offers are rejected. Just go to the next...

Nice work. We all know you can make profit in RE. But pointing things out in your post is not being negative but realistic. Surely stamp duty is more than what your figures indicate. A quick search on the net shows me it was more than what your suggesting. On the other hand your conveyancing...

Belu for a loan of $260,000 the repayments would be $500 a week. Does that make sense now?

Nice house This is how I work it out to see if it is a good buy. Everyone is different. The cost is $260,000 more with stamp duty but lets go with this figure. Divide 7 into 26 and times that by $125 to determine roughly the repayments. So 7 into 26 gives you is nearly 4. 4 times 125 is $500...

Well here's the deal. I bought a house last Oct corner block you could say. Nothing special about that. However here we are 8 months down the track and the two houses that back onto mine are now on the market. Nothing special about that. The two blocks total 1169m2. Minimum blocks for council...

IMO - buy even with $150000 It is not timing the market but time in the market. Or buy when you can afford to. I love ppl who say they can buy so much property and then give you a host of reasons why they don't. There's a dreamer in all of us. Love it.

Thanks for everyones comments Last week I received the tribunal members final hearing comments from the second hearing. I wasn't impressed with the opportunity I got to present my side at the hearing and so left the report unread for a few days. With a deep breathe I read it last night...

Best wishes with your inspection. The Housing SA Inspector I dealt with was Michael Taverna. He was sympathic to the tenants initially. With him they would just point out all the so called problems like defective door locks etc. But once the tenants moved out then he was more easier to deal...

Confident the saga has ended. Here is the snapshot of what has happened, hopefully you learn something from it and I really hope noone has to deal with these tenants, the dad is a monster. Dec 09 get a letter from Housing SA stating the intention to declare the house substandand. Over...

Elizabeth/Davoren Park Hard to go past these suburbs if you want good yield. I have one for sale $155,000 and with the rates and the rent ($175wkly) you get it works out very nicely. PM if you want more infor. Cheers.

Do you have rent control in Canberra with the government stepping in and legally stipulating what you can charge?

Looking further afield. Another thought. What do the other states have? Could any of them comment? If a tenant is unhappy with the standard of the house they rent from you? How do they get you the landowner to improve it?