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Hi all, One of my IPs have vacated and I had some trouble while ago with shower leaking. However, doing some patch ups with silicon resolved it. Since it's vacated now, just thinking what the best option is. Shower is on a concrete with titles (even the floor). Has anyone done just reseal...

Hi all, Just to share something, I've decided to take a pay cut (about 20K PA after tax :eek:) and pursue a different job. I'm in IT and been doing bit of consultancy work in the last 6 months (e.g. scattered across multiple projects) and started to hate it. Have been doing contract work...

Hello all, One of the tenants is going through some financial issues. I have visited this property few times and know the tenant. Tenant looks after the property well. In recent times, he has been behind with the rent. Tenant also wants to include his partner into the tenancy...

Hi all, Got a letter from Aus Post about digitalmailbox.com.au. Has anyone tried or using it? Don't want to make it another thing that I have to remember to check/login.

Hi all, Just went to couple of auctions today. Not really buying but interesting results. http://www.realestate.com.au/property-house-vic-ringwood-116758719 Went for 670K. I'd say about 50 people were there. House is in bad condition. Gutters falling apart. Big cracks inside walls...

Hi all, Our PPOR is a 4 bed (3 4.2 x 3.6 and master 5 x 4) 2 bath house. Living areas aren't that big but it's enough. Have 2 boys and 1 girl. Boys have 1 room, girl have another and 3rd room is used as a study/daddy room :D. Currently I have been pre-approved for an IP. However, I...

Got this via an email. Interesting read about retirement. Personally, I would do my best to avoid being on the pressure cooker after 50 or earlier. That doesn't mean stop working but be on a less demanding/stressful job.

Hi all, We're getting someone to re-do the driveway and some other parts. So, basically, full excavation and starting from scratch. We need coloured concrete (charcoal). Got two quotes. One guy will mix the dye directly into the concrete. Second guy spray/spread as soon as the concrete...

Hello everyone, There is a property for sale, front house of a two lot subdivision (Battle Axe). The subdivision was done recently so no building at the back. No common property, both properties have their own title. However, there is a section 173 agreement on them. Has anyone got any...

Hi all, I'm in IT and have a interesting situation. Two projects are line up for me; 1. Short term - may be 10 months. This will be a big project with lot of people. Lot of work (which is good). But, after 10 months, may be put on the bench (and potentially get the kick :eek:)...

Hi all, I have a property valued at 400K. Owe 280K. Planning to draw equity out. 1. 80% LVR = 40K 2. 85% LVR = 56K (roughly about 4K LMI) 3. 90% LVR = 73K (roughly about 7K LMI) NOTE : LMI will be added to the loan. What option would you choose if it's taking equity out...

Hi all, Any recommendation for a good share forum? I don't really want to register in 10 different forums. Two I came across are; www.aussiestockforums.com hotcopper.com.au There was a very informative thread, which I found very useful...

Hi all, I wanted to re-finance my PPOR to release some equity but the bank valuation came way less (it was actually less than when it was valued 2 years ago :confused:). Going by the sales around the area, it's clear (IMHO) that the valuer got it wrong. Valuation was done via a site visit...

Hi everyone, What are your thoughts on following outer eastern suburbs for capital growth in the next 5 years? Aiming at 500-550K house price. Ringwood, Ringwood East, Heathmont Things to avoid - near power lines/housing commission areas - New house and land packages (Won't be...

Hi all, These are my initial thoughts on building 2 units. I've bought an IP in 2012 - 380K, including purchase costs. 500m2 land. Corner Block. It was a dual occupancy (had a common property) but I removed it via re-subdivision. During this process, the surveyor said, "You might...

Hi all, Would like to get your thoughts on my situation. Here is the scenario; School 1 - Semi-Gov (Christian) - Total cost 120K (over 10+ years schooling, 3 kids). Going by the reviews, school rating sites, highly ranked with great stats. Better stats than school 2. 20 minutes drive...

Greetings All, Our PPR, master bedroom has walk in robes (2.1m X 1.8m). We only have one bathroom so decided to convert the WIR into a bathroom. A plumber quoted around 5K which includes; - Doing the plumbing and fitting of shower/basic/toilet - Patch up the walls (after damages caused by...

I've got a call from PM regarding a blocked sewage. They had to call a plumber in and he cleared the blockage (Cost $350). Plumber has also said that there is a crack in the pipe and given a quotation to fix it (Otherwise, it will block again). Quotation actually says "Shaft Well Need to be...

Hi all, The tenant has asked for an A/C. I don't believe I have a legal obligation (Please comment). I've got few quotes and it's up around 2.5K mark to put one in. So, I think I'm not going to do it and ask the tenant to arrange a portable AC or a cooler. PS: Tenant hasn't really given...

I have simplified the numbers (e.g. haven’t added any capital costs, purchasing costs etc…) but my situation is this; This has been an IP from day 1 Purchase Price 180K – January 2003, 50/50 between me/wife Wife Transferred her 50 to me in December 2007 (:D) During this transfer, house...