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Ridiculous. Keep going, don't stop. The way the industry is set up it is open to abuse and cowboys and they keep getting away with it. Most people don't know their rights either and just end up paying for it.

Just stumbled across this thread, wow what a journey! Any other updates China on if you ended up holding on to the premises?

How have you been getting on with this Tim?

Yeah looks nice. You start to get out that distance it is getting a bit far from the train station for PT options unfortunately. The one that was passed in sold for 665k. For 3 bed houses on 350-450m2 of land you are looking at about the following at the moment it seems. So unrennovated...

Also I am guessing you have to have that tiny outdoor space on the ground level to satisfy council requirements of OOS? Such a useless area that will never get used. We have similar in our 2 bed townhouse currently renting (which is a really crappy design) and there is zero reason (I guess maybe...

Just moved in to a place which has the laundry in the garage, also has a fold down clothes line in the garage. Absolutely love it especially with the crappy Melbourne weather, clothes dry really well and can always put a fan on if need a bit more air circulation. Also definitely want to maximise...

Can afford and happy to do Reno problem is market doesn't seem to price those costs in so it isn't really much cheaper. Struggle to get anything on land around Yarraville for under 700k. Yeah definitely possibilities around here just got to keep looking around. Maidstone gets a big far from a...

Where would you be looking in Melbourne if you had 600k-700k to spend on a PPOR? Would love something with best capital growth possibilities, i.e. land. Happy to renovate. Had been looking around West Footscray/Footscray but thinking may have even been priced out of around here.

Have been looking around this area, think have already missed the boat. As everyone has already discussed the area west of Gordon street, North of the Railway line, South of about Suffolk Street (means still walking distance to train station) and East of Richelieu Street is a great area with...

Thanks Paul. The intention to buy the site is to have a house to live in! There is no doubt about that. We are just looking at sites that also have other capital potential so I would have thought it prudent to do some DD. I have contacted my normal accountant in HOW for more specific...

Ok, thanks for the start Paul, just getting my head around all this, maybe a little more info. I have been looking at an older style period weatherboard home. It is on a largish block. Has street access on three sides. Would renovate first and move in to existing house then do the...

So to jump on your thread Blacky, what if the scenario was something along the lines below? Scenario: PPOR purchased for $600k Rennovation $100k Subdivision $100k Construction of 2 dwellings $650k Total costs: $1,450k Sell 2 dwellings: $1,200k Retain PPOR valued: $750k Remaining...

Hi, Just wondering what kind of clause (and is it possible?) would you need in a contract to be able to submit a DA or documentation for council approval for a demolition or building works. Would be great to get the approvals prior to settlement so that on settlement day would be ready to go...

Great stuff mate. One question, why is the tenant paying 3 months in advance? Great work on also getting someone before doing your minor reno. Is it a tight rental market around there at the moment?

I live between Sydney, Lygon and half a block north of Glenlyon and it is a great spot, wish I could afford to buy here! There is a ridiculous amount of apartment projects happening at the moment in the area. I don't know if it is good or bad. It definitely isn't helping the PT as everything is...

Just give them a call and ask, they will be able to tell you very quickly the zoning and or if it allows dual occupancy or not.

Great work. Yep do a couple of those a year and it's not a bad little earner.

I recently emptied a house of tenants left over crap, anything that was in usable condition (a bit of furniture and and crockery) was taken to the salvos. The rest of it was a trailer load dumped at the tip for $33. That was the only cost involved other than about 6 hours of mine and my...

I am having similar issues at the moment, tenant abandoned property, left a fair bit of mess, luckily no damage. Agent has gone in to claim the bond and costs against the tenant. The tenant actually decided to rock up to the hearing and stated she never received any of the correspondence...

Are you able to explain this a bit more Terry? I would have thought if you were working for a property development company (even if that was your own company) you would be able to claim expenses incurred in undertaking work for that business, is that not correct? I.e in the case of flying...