Recent content by Psyk

Deltaberry's on the money here... Anyone done a quick search on Seek? Just click the jobs over 150k+ and you'll see "IT" as the one with most positions available. Graduate IT rolls today look to start in the 50k - 60+K range... Give them a year or two and they'd be off 'graduate' status...

Wow... I would be seriously fuming if the PM didn't notify me straight away. We had an issue sometime back with a water leak as well and the tenants had phoned the PM who then got to us all within about half an hour. The video does suggest Ray White is at fault by apologising and offering...

That's my question too? Is there some sort of new legislation (i.e. legal) change in regards to managing smoke detectors for tenants? My PM has been managing them in the past but this seems to suggest that only a qualified person is able to check, test and replace smoke alarms including...

My property manager just sent through a form from Fire Protection Authority Australia (FPAA) working in conjunction with Smarthouse Fire Solutions (www.smarthousefire.com) which mentions the following near the bottom in bold: Apparently Smarthouse will check the property's every year for a...

Has anyone confirmed the legislation for Victoria? I heard that the current legislation are that the landlord is responsible to change smoke detector batteries upon commencement of any new lease & then the tenant is responsible to change the battery yearly and notify the landlord/agent if a...

Thanks all. Have resorted to funding it myself.

Paperwork... hmm We keep all paperwork attached to the relevant properties. I also scan as much of it (all of it) as I can and file them electronically also. It's easier to index the documents with software - just enter a descriptive filename. When it comes to tax time, sometimes it's...

Hello all, If someone purchases say a laptop or a mobile phone for you and then you transfer the funds to that person via Internet banking, how can you still claim the item as a tax deduction/depreciation? What documentation would be needed? Thanks in advance.

What you might find is that your current bank won't count your current rental income or only 50% of it as income for serviceability reasons, you might have one too many credit cards or too high a limit based on their assessment criteria, other unsecured loans etc. So the 'money-tap' is the...

As Rob said. We were x-coll'd at the start which made it easier to acquire properties as we were with the same lender and used our PPOR. Once your lender starts knit-picking your ability to get another loan then it's time to look at other lenders and that's where the x-col bit can turn...

Good post Sash and George. I'm more familiar with the South Eastern side of Melb past Dandenong for all the same reasons you've mentioned about Melton. All this talk about crims, drugs, the working class and what not, I can only go by my experience. Cranbourne cops a bagging on these...

I've been looking around Frankston too, and I reckon there's a few locals freaking out what they are hearing neighbours are selling their houses for! I reckon a few are testing the waters with local RE agents jacking up prices as a 'what the hell, lets give it a bash' :) Are rental yields...

I would be up for Vic as well :)

Very interesting nathan... We have a couple of IP's in Keysborough, and your comments seem to reflect what we're seeing around the area. We were looking to buy-in again but it's just crazy - there's a big demand for rentals as well as the price of even well established homes going up...

I think people would struggle with a median priced property's holding costs in a St. Kilda type place? What would the rental be on a $245K flat in St. Kilda, I'm assuming 1 bedroom, 1 bathroom and no carport/garage? Also, the outer suburbs start to look attractive in the longer term say 7+...