Search results

Bump! Anyone?

Looking for opinions and recommendations please. Can anyone recommend a reputable granny flat builder in the Central Coast? I have done a search on the forums but most builder recs have been in the Sydney region (and most Sydney builders charge travel costs). For those of you who have...

Thanks all, this has given me some food for thought. :)

Not sure I follow Terry and neK. I'll outline the steps I think you're suggesting, please correct me if I get it wrong. Step 1 - I get the bank to release equity for IP2. Use this amount to finance GF construction for IP1. Step 2 - Post construction, get bank to revalue IP1 along with the...

Hi all, I intend to build a granny flat on one of my IPs (lets call it IP1). As I understand it, there are 2 ways to finance a GF build - either use the existing equity in IP1, or obtain a construction loan for IP1. My problem is that the projected value growth for IP1 in the next 2-3...

Thanks everyone. I have reported this to the PM. Thankfully there was no damage to the property or the neighbours property. Minor damage to some of my potted plants but those can be easily replaced.

Hi all, I'm currently renting a property. Due to the strong winds last night, one of the trees in the backyard has fallen over. In cases like this, am I responsible for the removal of the fallen tree or is it the responsibility of the owner? I can't find mention of it in the Tenancies act...

Thanks for the recommendations, I'll give Lil Skater a call.

Hi all, So we have had been 3 months of vacancy and no luck finding new tenants. We have tried doing most tricks in the books, dropping rent, offering a few weeks free, getting pro photos done etc. There was next to no feedback provided by potential tenants so I don't think there's...

Thanks all for your replies. Inspections are done weekly on a Saturday, haven't had many enquiries so no private inspections so far. Advertised on realestate.com.au, domain and some other websites (can't remember off the top of my head but there was a fair few). I'll ask the PM to do...

One of our properties has been vacant since end October. This is in Burnside Heights VIC. API magazine tells me the vacancy rate is 2.4%. We have only received one application so far, we rejected them as the applicants incomes did not check out. The place was listed for 390 p/w in October...

Hi all, My old PM has now taken up a sales role (in the same company) and a new one has taken over. To say that I am less than impressed with the performance of this new PM would be an understatement - inspections were not done, does not know tenancy laws, not up to date with rental market...

Bumping this up... anyone?

Not sure if this is the right place for it, but... Can anyone recommend BAs who operate in regional areas (not capital cities)? Most BAs listed on REBAA I have contacted are based out of Sydney, Melbourne, Brissie etc (with the exception of Prop who i notice does the Hunter and Central...

Thanks all for the reply, I'll get the hubby to check with the bank.

Hi all, tried doing a search on this but couldn't find any answers... The other half has a IO IP loan since 2009, min monthly repayments around the 1700 p/month mark. He's made regular full payment of the interest charged every month, until... Early last year he dumped 40k into the loan...

Thanks Propertunity. In your opinion which suburbs should I be looking at? Obviously not all suburbs are equal, Parra and Blacktown being large areas... Also how would one go about evaluating capital growth in suburbs like these? Traditionally I've always gone about by looking at historical...

Thoughts on next IP location - Sydney Hello all, I'm in the market for my next IP and I'm after some opinions on which suburbs I should be looking at. I have about 350-400k to spend, looking for someplace with land content (either a house, townhouse, villa, etc). Yields are important (but...

Thanks all for your advice. The property is in Victoria. We've spoken to the police and the new PM, there's nothing left to investigate and their advice was pretty much to fix the place up and start advertising. What probably annoyed us the most is that the property was brand new when it...

So we have an update on the property - the new PM changed the locks and went in for a closer inspection. He found traces of marijuana on the property and has called the police to investigate. Any ideas on what we can do further, if we can take action on the tenant or the old PM since they...