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  1. J

    Carrying out IP repairs whilst on holiday

    I recently had an interstate holiday for two weeks. While I was there I took a day to see my IP and carry out some minor repairs, as the property was only about an hour from where I was staying. My question is: What portion, if any, of my holiday expenses can I claim against my IP from a tax...
  2. J

    Yields slipping in Logan

    I get daily emails from new listings in Logan, price range 150-250k. I've noticed in the past couple of months rental yields are beginning to slip, particularly in the 100s range. I don't know if these listed prices translate to higher sold prices, but from where I stand I like what I see. Is...
  3. J

    Would you be game enough touch this stuff?

    Large 713m2 block, 20 minutes to Hobart city, mountain views, water glimpses, services, $35k. http://www.realestate.com.au/property-residential+land-tas-herdsmans+cove-200563959 Tenanted homes with easy 9-10-11% yields, all 20 minutes from Hobart, eg...
  4. J

    Property Managers

    How many emails must one send to receive a reply from a property manager? As it stands my manager in Logan has never replied to my email in the first instance. I've always had to follow up. It's not looking good for these guys.
  5. J

    What would you do with this fireplace?

    This brick fireplace and mantlepiece is in a 1960s house. The walls throughout are an antique white which doesn't look too bad (kinda cozy for the style of home). Carpet is a soft peachy pink, tiled hearth is a sandy orange. This living room is connected with the dining (open plan) which has...
  6. J

    Our Backyard Reno

    Hi guys, Let me share with you our backyard reno story. We bought our PPOR about a year ago. The vendor was selling it privately but was struggling to find a buyer. You'll see why in a minute. We bought the property at a good price, but it required work. For a property just 10 years old...
  7. J

    At what point does an IP become neutrally geared?

    I'm looking at IP#1 which yields 7.8% gross. After expenses (which being in Qld are quite hefty) and vacancy etc I'm looking at a net cash flow position of $-3,000 pa, or $-57pw before tax. The goal was to be as close to neutral cash flow as possible considering future lending requirements...
  8. J

    Who pays for water consumption in Logan?

    I'm about to sign a contract for an IP in Logan. I've just received a copy of the rates notice. The total quarterly bill was $753 (YIKES!), but included in that was a Water Consumption charge of $118. Does the tenant pay the water consumption (i.e. We pay it first then the PM forwards the notice...
  9. J

    Retaining Wall Issue

    I have my eye on a property and aren't far from starting negotiations. However I've run into a small wall - pardon the pun. The strata unit is 8.5m in width with a retaining wall running along the back fence, which extends another 8.5m into the next strata property, so a total of 17m. I estimate...
  10. J

    Where to buy PPOR in Brisbane up to $450k

    I'm asking this question on behalf of my brother. He's looking for a PPOR in Brisbane and would like to spend up to $450,000. He'd like a 3 bed house on some land - approx 500m2. 'Renovators' are fine. Being a PPOR a nice area is preferable. He lives in Morningside but can only find...
  11. J

    Progress Properties - Agents in Logan Area

    Has anybody had any dealings with Progress Properties (either sales or management)? They have offices in Springwood and Underwood so they service the Logan area. I think their management rate is 8%.
  12. J

    Body Corp Fee Discount

    I've just seen a property on RE, which in the description says: "Body Corporate fee under $1,500 pa after discount" What do they mean by after discount?
  13. J

    Why do some property inspections require photo ID?

    Why do some property inspections require photo ID?
  14. J

    What does this mean?

    I'm curious to know what this means: "...plus vendor also would lease the other above unit or new owner may reserve it for personal use to visit nearby Moree Artesian Aquatic complex . A return of 9.4% gross is assured together with continued voluntary services of the current owner." from...
  15. J

    Experiences with Property Deal Finder

    I'm addressing this post to people who've had experience (I don't mean the free trial) with Nathan's Property Deal Finder. I'm thinking of giving it a shot, but don't want to waste money if it's not suitable. I'm wanting to know if it sources properties under $250k, and on average, roughly...
  16. J

    Cheap Book - "Rich Dad Poor Dad"

    I just ordered "Rich Dad Poor Dad" from Booktopia.com.au for $8.50. Enter the promotional code SAVE when checking out to get free shipping :) I've never read it, but have seen a few references to it. http://www.booktopia.com.au/rich-dad-poor-dad-robert-t-kiyosaki/prod9781612680019.html
  17. J

    Agent says to not renovate ATM

    We just got off the phone with an REA, who said we should hold off renovating for a while for tax reasons. Although our situation requires us to renovate instantly, thus creating a moot argument, I'd like to know a little more about the logic behind this reasoning. Is it because if...
  18. J

    Letterbox drop

    I've identified a potential area for us to invest - locally. It's an ex-housing commission area (no doubt some still owned and leased out by the state), but coming along quite nicely with many homes now OO. We missed the buy of the century this week there (70's 3 bed home for $95k!!), but I'm...
  19. J

    Investorville

    Has anybody played around with Investorville by the CBA? https://www.investorville.com.au/
  20. J

    Ceiling choice in Rocky

    I'm guessing typical houses in Rocky have high ceilings for cooling purposes? I found it interesting then this has been renovated using what looks to be a standard height ceiling. Bad idea? Also, why the gloss finish? http://www.realestate.com.au/property-house-qld-berserker-113799171
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