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Hi all, I am currently dabbling with what numbers make a good reno possible. What purchase and sale prices to return what profit. Is the following sound in my general assumptions? I have some very rough numbers. Purchase Price:$300k WA Stamp Duty, Conveyancing and Bank Fees: $15k Reno...

Hi all, Having thrashed about on the Internet for several hours I still can't find some definitions to some of the language used when reading about R - Codes. I'm sure these are simply enough for those experienced out there - so please help. I have a square 814m2 block - 20.12 x 40.48...

I have found an area I believe will be strong for capital growth. Only problem is the properties that fit my budget and location have asbestos in them. I never touch these sorts of houses - due to the stigma. But I feel the location of the block means I should give serious consideration...

Hello Can anyone recommend a good Landscape architect / designer for Perth - North of the River? Regards and thank you in advance. Keen

Well, having thought about ways to seriously get over the Debt Serviceability issue we all encounter sooner or later, I keep coming back to the same strategy. Buy the traditionally real dump in the best street (structurally sound, but otherwise a real mess), spend say up to say 10% equivalent...

Hi all, I am considering a 3 X 1 on the coast in QLD. I noticed that unlike WA that some towns sit a little inland and a local advised that these towns were built in their current locations to avoid cyclone activity. Can someone confirm that this is right?:confused: When buying in...

Any one painted a vanity bench top? White Knight don't seem to have a product for it. Whilst I can paint wall tiles and the vanity cupboards, and plan to replace the faded plastic basin - I can't find anything that says okay for the bench top of the vanity. I found an interesting product in...

I have checked out the White Knight range and was told by a stockist that I can't paint ceramic floor tiles or non-ceramics basins (I have one with the rather see through plasticy look)? Does anyone know a way around this? Also I have a split ac unit on a wall that I wish to use as a...

All the statistical indicators indicate the Perth market should continue to be strong at least in the short term. But I have heard from an agent in Rockingham that the over $400k market is slowing, in Merriwa I seen a house similar to mine reduced from $299k to $290k and seen rentals sit from...

I've had two agent tell me that there would be little value in cosmetically renovating my IP that I'm looking to sell in the next 3- 9 months as the Perth Market is so hot. Do others agree? Or are they just trying to get me to sign up asap so I don't reconsider selling? I have a tennacy ending...

Wondering what those on the otherside of the country (or is that another country given the difference in Property Markets :D ) in Sydney, Melbourne etc are doing while the market has gone flat / down? Much value in adding value in such a market? I'm keen to prepare a strategy when the...

Anyone going to the Breakfast launch of the Hegney WA Property Outlook 2006 Report this Thursday? Will be going myself. Keen

Just a quick thanks guys - for any Newbies this is certainly the best and most unbiased site I've come across. It is rich in information and healthy in debate. I've just purchased my 3rd Ip in 2 years and coupled with my PPOR ($330k) I now own over $1 million dollars of property and have...

Hi all, Frustration has set in. :mad: For 4 months I've been looking for an IP in a particular area. I missed a great buy at the beginning as I was still gaining an understanding of what you get for your dollar. Since then I have looked and looked, and waited and waited. Meanwhile the...

Hi all, The Rent for my IP in Merriwa, Perth has jumped over 30% in 12 mths. I originally had it at $150 p/w when my old tennant moved out in Nov 04, increased it to $170 p/w for the new tennant who is now breaking lease, and have now been advised by the P.M. that it should now rent for...

Hi all, I am keen to know how others have approached turning a garage into an extra room and just how professional does this look? Do you get a ceiling hung? Foundations for the floor laid? Worth getting the walls plastered? Is a single brick garage now a single brick room satisfactory if...

In getting some of my lending restructured I advised the bank that they were to set up a Fixed I/O ($77k) to pay out the balance of my LOC to nil (Balance around $71k and floating up and down) but to stay open. I advised any residual funds were to be paid back into the Fixed I/O (ie $77k - $71k...

I have had a Real Estate Agent offer to show me several houses included those offered up for sale by other agents. Is this a big no no? Do you end up negotiating with your REA and not direct? Hence the info doesn't come 1st hand making it harder to judge the mood. Will your REA look for...

Negotiation is certainly my weak area when it comes to buying IP's. :( I have read that if you say you need a 90 day settlement (though really you don't) and there is a stall on negotiating a lower price you then um and arh and go back to them with okay if you can go to $x then I can get...

I have spoken to several PM's before buy / building my IP's and I keep getting the same response - there is greater demand for 4 x 2's than 3 x 1's. Could it be this is because investors tend to favour 3 x 1's generally for purchase price and rent yield (in some cases), and even with the...