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I was recently (6 months ago) looking at purchasing in Coledale but everyone we spoke to advised against it. I cant remember the agent that quoted but I did find a PM that would do it for 15% ... too much!! ... On top of that I imagine insurance is horrendous. I ended up buying in south...

Everyone has something they can teach you :o

Thanks everyone!! Some great food for thought and lots of options to check out! The property is a little cheap 3 bed IP so we arent after anything fancy... Its still daunting though, first time around and the property in 5 hours from us which will make life interesting :eek: None the less...

Hi Guys, We are about to undertake our 1st reno :confused: (main priorities in this order are bathroom, kitchen, street appeal ie rendering and maybe some landscaping)... Just wondering if anyone would care to share there fav bargain haunts :D Thanks Mel

Panther_Power dont suppose you could recommend any good tradies up there? After a builder and plumber... On another note... Or back to the original ...Do you have any property in Tamworth? What do you think about its performance? What I understand is it has been going down or plateauing for...

Did you find one? I need one as well :confused:

I have been watching all of Tamworth but I didnt see that one :confused: Or maybe I did but was distracted with something else at the time.... we have made a few offers on different properties but just cant quite seem to snag what we want... all of those properties have since sold... maybe I am...

I have been looking in Tamworth for the last 4 months or so and no, there is nothing at that price outside Coledale - not a house at least... not sure about units?

Sounds like mine too ... pass the responsibilty so if its a complete failure their balls remain intact :D:D

Do you have any preferred insurers nhg?

True... and **** does tend to hit the fan when your not prepared for it!

Im working on a deal at the mo... owner has just counter offered $160k (on my $155k)... Figures on my $155k... P&I repayments $11,180 pa Insurance $715 pa Rates $1600 pa PM Fee $1189 = $14,804 pa minus rental income $13,520 = $1284 negative pa ...

Is it worth it? How many of you have actually been burnt by tenants damaging property or not being able to let your property?? It doubles the price of building/contents insurance so Im wondering if we can skip it? The property will be managed by a RE...

Thanks! The house is vacant and Agent seems like he would be supportive of it... the current owner is an investor also (who brought it burnt out and renovated the inside - the outside is tidy but I would like to render the front and do some basic landscaping) so, him being an investor may or may...

My accountant told me because of costs involved and our low risk (non business owners) that it would only be beneficial to look at a trust when we reach the land tax threshold...But there was also alot of other factors involved such as income and how its balanced and the gearing of properties...

Hi Guys, forgive me if I am naive, I am pretty new to all of this! :) I just wanted some insight/opinions on creating further equity from improvements during settlement. I have made an offer on an IP property and am thinking, while the inside is great, adding some street appeal might...