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  1. wombat777

    Caveats and Tips on buying OTP in Brisbane with SMSF ?

    Some banks (e.g. ANZ) are starting to cut back on lending through SMSFs. More may follow. It might not be an option for property investors much longer if there are regulatory changes.
  2. wombat777

    Schofield - Projected growth in the next 5 years?

    Something to watch if you are buying in this area: Proposed route for new overhead powerlines.
  3. wombat777

    Somersoft Goodbye Thread

    hobo-jo - Hope to see you over at PC. A diverse range of interests and experience is important. I've learnt a great deal here - your posts included.
  4. wombat777

    Brace for even higher price!

    There is also whether you go for a double or single garage. Observing my immediate area, single-story dwellings with a single garage don't appreciate that well. On the other hand, dual-occupancy properties do fairly well in the North West. There have been a few in North Kellyville and one or...
  5. wombat777

    When do you decide to improve IP

    I wouldn't do anything unless your tenant asks. You have a good tenant and you think the rent is acceptable. Many tenants don't like the hassle associated with repairs and maintenance. Maybe put some cash aside for a warchest to pay for upgrades if your tenant moves out. In your situation...
  6. wombat777

    Yet another Brisbane thread... $650k budget

    Yes - I would use a BA again. If I use the same BA I will get a 10% discount.
  7. wombat777


    Are there any complications with buying in the USA and specifically Arizona? Might be a rock-solid investment. and That last website is from the stone-age.
  8. wombat777

    Yet another Brisbane thread... $650k budget

    Having recently bought my first IP in Brisbane (settles next week), I suggest you do what you can to educate yourself on the market and popular suburbs for investors. Also - other than yield and capital growth, what characteristics of a property do you think will make it a good investment...
  9. wombat777

    Schofield - Projected growth in the next 5 years?

    The problem is they don't always pay market price. A situation which is usually followed by protracted and expensive court battles. It's also problematic for the properties just next door that they don't acquire. For example, motorways usually result in tall noise barriers. Nasty to live...
  10. wombat777

    Schofield - Projected growth in the next 5 years?

    One major factor for consideration in this area is the Outer Sydney Orbital which is planned to include a freight line and also a future motorway. Logically you would think the Metro line from Cudgegong Road will also be extended south in this corridor. The problem is that decisions on...
  11. wombat777

    58 people in a 3 bed house

    That sucks! :p
  12. wombat777

    If there are no BIR's, is it worth installing wardrobes in every room?

    It's certainly a nice to have. A portable wardrobe generally isn't as spacious as a built-in. I've also moved wardrobes up and down stairs in unit blocks and it is no fun. Tenants would have the same opinion. For the IP I am buying, the master has a BIR whilst the two other bedrooms...
  13. wombat777

    Using BA in a hot market...

    Just make sure you don't take all blogs and articles at face value. Just remember that some people have vested interests. Naturally someone in the head office of a real estate company would do all they can to encourage sales ...
  14. wombat777

    Is there a way for landlords to join forces and boycott kmart?

    This has been the hot topic of the day :p
  15. wombat777

    Budget around $800k - Glenwood ?

    Capital growth will probably be better in Rouse Hill due to the Town Centre and train line. There are some 3-bedders in your price range. Also H&L packages, although these are near Bunnings and on the extremity of the suburb. Add at least 15-20 minutes to travel time compared to Glenwood...
  16. wombat777

    Anyone remember the days before the property boom?

    In 2011/12 some houses in Rouse Hill within spitting distance of the town centre were on the market for 6 months. Unthinkable now.
  17. wombat777

    Are Chinese boom suburbs the mining boom suburbs of tomorrow

    There is a lot of specific targeting of sales of new properties towards the Chinese market ( whether that be foreign or local chinese buyers ). It's probably more the case with OTP apartments than H&L packages. You see it in ads all the time via photos that have chinese characters on them. I've...
  18. wombat777

    Baulkham Hills Development

    I had this with put into my PPOR build contract, however most builders will tally up any and all excuses. My 2-storey PPOR was a 24 week build period and they scraped in at 23.57 weeks. They still had rain days and non-working days up their sleeve ( Xmas period ). Just out of interest, what...
  19. wombat777

    Investment Scenario - looking for opinions

    Make sure you also do yield calculations. It's a quick way of comparing one property versus another. This has a yield at 5% assuming 52 weeks of rental or 4.8% at 50 weeks rental. This will be approaching neutral cashflow in the current interest environment ( actual cashflow will be...
  20. wombat777

    Sydney Market at top - calling a severe correction in 2018-2019

    The intersection at Sunnyholt Road and Old Windsor Road is planned for an upgrade to 3 lanes each way, although should really be an underpass. One of the big issues is the poor design of the access to Norwest Business Park. All the roundabouts don't really help traffic flow in peak times.