Search results

  1. blw101

    Can someone recommend a good agent in the Crows Nest/Wollstonecraft/Lower North Shore

    Also avoid LJ Hooker Crows Nest. The were the selling agent when I was a FHB. Offer and acceptance was quick, but terrible communication through to exchange. Poor attitude towards a small sale and the icing on the cake was they LOST the set of house keys provided from the prior...
  2. blw101

    Potential negative gearing changes

    Question. There have been several different versions of the argument made that the long term effect of abolished NG would be a net reduction in available housing stock for rent. What about the demand side? Will removal of NG stimulate a greater proportion of the purchaser market to become...
  3. blw101

    Lake Munmorah NSW

    http://www.domain.com.au/property/for-sale/house/nsw/lake-munmorah/?adid=2011942929&sp=2 Close? Offers over $275k.
  4. blw101

    Lake Munmorah NSW

    Hi all, stumbled across this after seeing the general central coast thread. Can confirm there has already been a material shift in the LM market in the past 12 months with the median price moving from 300 and below into the mid 300's. Time on market has shortened considerably also. I have...
  5. blw101

    Self Storage Investment

    Interesting points. Sounds like location is key (when isn't it), I cant see the operation or maintenance being particularly onerous. Had a look a NSR, interestingly the direct property cap rates (yields) are high single digits, albeit on $5m+ properties. With decent leverage the cash flow...
  6. blw101

    Urgent - Beating an "accepted" prior to auction offer

    This was exactly how we secured a 3rd prop, this one a new PPOR to become IP (Northern beaches) back in June last year. We had been looking properly for a good 6 mths and knew from the first second of the first inspection it was the one. We immediately did all DD and presented signed...
  7. blw101

    Have you missed the bus?

    Most of the REIT's are not trading at significant premiums to NTA by accident. Cap rates for quality institutional grade assets are now well below long term averages with a flood of money (domestic and foreign super) looking for a home in commercial property. I suspect we will see this flow...
  8. blw101

    do the greens need a lesson in economics? news.com.au article

    Looks like this one's got a bit off topic, but oh well, my 2c... I'm not 100% convinced humans yet have so much influence over the climate. But the body of evidence is significant and growing, so I ask myself two questions before deciding how to behave: - what is the cost if I am right but...
  9. blw101

    Self Storage Investment

    Unless they have levered up to buy the property?! Thanks for the responses all. BLW
  10. blw101

    Self Storage Investment

    Hey all, long time lurker member looking for anyone with experience in self storage ownership? Feels a lot like fragmented industrial property, but there's been a bit of consolidation in the last 5-10yrs with a couple of big LL's but it looks to be mostly small private ownership. Thinking...
  11. blw101

    Agent dragging things out....

    Good luck with it X. We recently issued a formal written offer for our PPOR (to be IP3) to the agent with an expiry and received absolutely no acknowledgement or response before or after the expiry, on the offer itself or a simple, separate query. So just this morning issued a signed...
  12. blw101

    Freshwater

    Currently looking in Freshie at 2bdr units for PPOR, to become investment and getting increasingly concerned. We have been monitoring for the last 3-6 months and it is definitely moving. For something decent with covered parking, balcony and internal laundry you are now looking $550-600k...
  13. blw101

    same lender, different loans, no x-securitisation

    Thanks PT, You confirmed my thoughts. My situation is as you recommended, so not worried, just curious regarding MIW's position that the clause isn't in his loan facilities. BLW
  14. blw101

    same lender, different loans, no x-securitisation

    Thanks for that info MIW. Question though, did you have much difficulty in getting the all monies clause removed? To the brokers out there, I wouldve thought this is something the bank would be very reluctant to give up? Cheers, BLW
  15. blw101

    20%, 10% or 5% Deposit?

    Literally just got off the phone with my broker on this. Have some equity in existing IP's and looking to buy another around mid 500's. Refinance to get additional 30k for partial deposit: at 90% LMI is $600, over 90% it was over $3k Borrowing remaining 500k: at 90% the LMI was 8-9k. At...
  16. blw101

    Heads up...

    Interesting news. Re Coles, similar story said to be happening with Target (also Wesfarmers). I'd be a bit nervous from a valuation standpoint if a long lease is approaching expiry (<2 years say) and the tenant is definitely vacating. A lot of time you'll find these long leases have had fixed...
  17. blw101

    Commercial lease and fees questions

    Check if there are any make good provisions at the end of your tenancy should you leave. (Stripping out any works you have done etc). Though if there is an existing fitout, which is owned by the LL, there shouldnt be anything too onerous. And look out for anything that says " 'insert any item...
  18. blw101

    re:- The Woolies & McDonalds Principle

    Woolies just started building where I have an IP, knowing this was going ahead was a definite factor in the decision to purchase.
  19. blw101

    Syndicate anyone? Lower North Shore

    Yes that could be an issue! I imagine part of the reason he went broke is because it's NOT easy to strata title. Im with rolf, between 4 and 5m. I'm not too far from there, might go check it out for a bit of fun.
  20. blw101

    Syndicate anyone? Lower North Shore

    If only... http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/NSW/Wollstonecraft/?adid=2010018988 Anyone got any insider info on this one? Cheers, BLW
Back
Top