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I self manage the property's in our portfolio that are close by as i find the job extremely easy and cant justify giving it to an agent for such easy work. Even finding new tenants isnt as hard as its seems, advertise on domain.com, turn up for open days and hand out applications. Doing...

Hi Best way to check is to call the council in which you property is located during business hours and ask to speak to the planning officer and ask them nicely to pull your property up and tell you what density the land is zoned and the min amount of SQM needed to subdivide. Penrith council...

Hi, How close are these houses to the 2 train stations that service Marickville? i know there is a huge swath of the suburb that are unserviced by rail, and personally i wouldn't touch those areas while there are better options out there in surrounding suburbs. About it being on a main...

Great thread to read from 2006 to now. Interesting to see how some things have changed, (prices) and how some things have not (people perception of the area) Just to add my 2 cents: When looking around for the house we eventually bought in St Marys (Willow St, 3b fibro on 1k sqm in may 2010...

Thanks, and when you look at some properties, try to see whats under the carpet as we found lovely untouched wooden floorboards. We just ripped the carpet up, gave them a quick polish and they look great. Good luck!

A few things id ask myself if thinking about a property like this is: Number one, just how bad is the area? Redfern bad or Macquary Fields bad? What is the street actually like? Get on the ground and see for your self. Are there any gentrification projects in the pipeline? (google) is...

We purchased a 3 bed weather board clad fibro home in North St Marys for $250k in March 2010 - renting for $320 - sitting on 900 sqm land. Although we had a bit of trouble finding tenants at 1st, it all seems to have settled down.

Ive been with R/E in Brissy for almost 2 years now as a LL. Seems to be lots of staff change over, in fact i don't think the new guys even introduced himself. Also hes been a bit slack on replying to emails lately which is concerning as we are in the process of changing tenants. Gosh i wish i...

Hi guys We just got a 3 bedder house in north St marys near the school ($250k renting at $310 on 900 sqm) , i really like the area - the main st mary strip is quite nice and the people seem like normal hard working australians. Very close to Penrith and only 45 mins to cbd when not rush hour...

I was seriously looking last month - the $400k & under market was strong with investors while anything above that looked like they were taking huge reductions.

Depending on your investment strategy, I think it would be safe to agree with that. They are shoving 300k people in that area and Leppington, which is getting a train station, will be at the heart of it. There is a big master planning process going on for the next year or 2 and i think things...

Thanks for the link skater, amazing story and am glad you have come good from it.

Great thred Sheryn - hows it all going? Also what does your duplex design looks like? are you sharing a common wall? brick veneer? 2 garages ect? good luck with the building!

Great thread skater - any updates on the property? did you eventually sell it? im about to embark on a similar expedition on a similar type of property, in the same area actually, although i think i will hire everyone to do the work for me. :) Also any update on how your termite treatment...

Anyone got a link to the ad?

Amazing reno, thanks for sharing it with us - makes me want to do the same :)

Very true - although when we add up the savings on the 4 property's were not paying %7-8 percent of all earnings too, its quite a nice trade off. Then again if that's all small change then there's no worry's of course ;)

Hi Fudge Ive got a 4 self managed property's and 1 managed by an agent due to it being in another state. Out of all the property's the agent managed one has had the most troubles. 1st agents we used sounded very similar to yours - accounting errors, new tenants without our consideration or...

That sucks aliphant, hope you get some quality applications soon. I had a very similar experience where our tenants were $2k behind on their rent - i sent them reminders ect and they would catch up to very close to all paid, only to fall straight back into debt over the next month. :mad: I...

I had a similar problem with one of our properties, was rented at $500 a week, tenant moved out at an awkward rental time of March and we couldn't find anyone until May, and this was a house in Brisbane CBD. The agent claimed the asking rent was fine and that there was just no one looking. After...