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Fourex thank you for your great reply, the end result was that the deal fell over. I believe the owner is holding out for someone who DOESNT do a building inspection and buys it not knowing the full extent of the internal rot. as a result, we could not come to an agreement on the price (by...

excellent post goondog, greatly appreciate your contributions. always happy to eat some humble pie, i have looked again at the high density residential zoning and found many more blocks :) if you dont mind my asking, what is the address of your new HDRZ purch in south gladstone? do you...

Im considering furning an IP i have to increase the rent. I would be very interested to hear from anyone who has furnished a property themselves to find out what items you included, what you deliberately didnt include, what quality you chose and why to make sure you got the best increased...

Hi nathan, heres the link for another somersoft post. http://www.somersoft.com/forums/showthread.php?t=67714 The end result is that the deal fell over. after the building inspection was completed, and some further negotiation, the owner wouldnt sell for a price we could agree on (a...

Hi everyone. Im looking in Gladstone atm for a new IP, i have heard a few ppl talking on this site re: high density residential zoning. i Jumped on the gladstone local council website and called them yesterday to find out exactly where these HDRZ areas are. Unless im mistaken (and please...

thank you everyone for all your input and ideas, i trust you have all been having a great and safe Xmas with family and friends. My ideal plan is to hold all properties after construction and rent them out, although if (for whatever financial reason) i have to sell one or two of them, i will...

maryandmat: Without improvements, i believe i could rent it out for about $160/w. my original plan was to buy, reno and rent it out, then subdivide and build the two units on the back (or duplex). i have calculated that i have enough funds to do this. my holding costs would be minimal as the...

Hi everyone, i may have hit a hurdle here and would love your input. I am currently looking at a buying a new IP in regional NSW. I own 2 properties (1 x oo, 1 x ip) and this would be my 3rd. I have never done a subdivision or DA before but want to get started and this will (hopefully) be the...

that sounds like a great recommendation, i'll get in touch with him as well. what type of dwelling did you buy and in what area? im buying a 2bd house on a large corner block in Bletchington, then im going to do a snappy reno and begin my first subdivision/development on it.

Hi Chilli, thank you for that, i'll get onto them. On a seperate note, do you mind sharing where, when and what you bought? regards Greg

Can anyone suggest/recommend a conveyancer that can assist with a residential house purchase in Orange? Have you used them and what did they cost? Did you encounter any problems particular to conveyancing in NSW? regards greg

kanwal seems to have great options for buying under the $300k mark than noraville. does anyone have any advice on putting a granny flat on a block or subdividing in the kanwal area? is there a part of kanwal or type of property that is more desireable to own and why? For the prices, it...

has anyone subdivided in the area and have any advice/tips on doing it? what costs are involved, min block size etc? does anyone know what the local council rules are regarding adding a granny flat? also, if you own or are thinking about it, do you have any preference on an area of the...

Has anyone done a subdivision around kingston/logan central area? does anyone live or know the area well? im from melbourne and im looking to hear about how the suburb is moving at the moment. any feedback regarding what is considered the "better" or "worse" areas of kingston and are...

so what areas of melton are the best and why? for anyone who has already bought there, why did you choose that part of melton?

Im from melbourne and looking for insight into the above area. im looking to buy my 2nd IP, max purch price $300k. i have heard that there is a new bridge/expressway being built. does anyone live in the area? has it commenced yet? when is it expected to be completed etc?? does anyone...

gary - thank you for picking up on that error, i have fixed it and re-posted the file for everyone. bill - your sheet looks much more detailed, very nice work and thank you for the link. Im going to have a play with it today. the main thing i discovered by doing this exercise was just...

Hi everyone. I decided to put together my own spreadsheet to calculate the tax implications and cashflow for an IP. Ive generally found that most other spreadsheets dont cover all the expenses and therefor give a false figure of the true holding costs etc. Please feel free to use it, play...

what suburbs in the west are you specifically refering to? my two cents on the OP: i think the melb market is still moving forward but has slowed a bit. i would get your valuation done asap only if u urgently need access to that equity, otherwise, hold off for a bit if you require more funds...