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  1. M

    Parking funds until purchase next year

    hey guys, One of my friends has migrated recently to Melb and plans to buy a PPOR in a year or two. He has 200K saved and plans to use that as deposit. He has that amount in a bank getting 4% interest. Is there a better place he can invest that money in the mean time, that will provide...
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    Ballad of a landlord .. Rant

    IP# 1- Tenant broke the lease and is no longer contactable. Bond only covers 3 weeks rent. Their lease was supposed to expire on 30th September. They left on the 2nd and rent paid only until 2nd. They painted walls in different colours. The house was initially off-white. They painted a...
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    Karma kicks

    The bad: http://video.au.msn.com/watch/video/9raw-ceo-kicks-puppy/xhrtjfc The good:) http://finance.ninemsn.com.au/newsbusiness/8900288/ceo-caught-kicking-dog-in-elevator-resigns
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    Valuation came lot less than expected

    Planning to buy next IP from the PPOR equity. Market is still hot here and the ppor could easily sell for more than 700k. Even rpdata desktop Val comes with a range from 630-700. But, the bank valuer valued it at 580k. This could really impair my chances to buy the IP. What are my options...
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    Where to buy :(

    OK. I am officially confused and frustrated now. I am looking to buy my third IP before my wife goes on maternity leave as it may (or may not) effect the loan process. I am looking.. well anywhere and everywhere. I have 2 IPs in Sydney, so was trying to spread wings to Brisbane, Vic or WA...
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    Land Sloping away from the road. Yay or Nay??

    One of the agents called me regarding a property in Cambridge park. It is a BV 3 bedder house on a 600+sqm land. But the only issue is the land sloping to the back. Based on what I have read so far on SS, members do not prefer it. Can someone provide me cons of this? Should I just shy away...
  7. M

    Glendenning or St Marys

    Well, its comparing apples and oranges. But, just to put things into perspective, here are the details: Glendenning property is a BV freestanding house on 418 sqm built in 2005. Potential rent 430pw. It is a good condition and been on market for 20+ days. St Marys property is clad...
  8. M

    Develop existing or buy and hold new?

    Background: PPOR - 430K + 30K (equity for IP#1) IP#1 - Loan 360K + 120K (equity for IP#2) Rent: $22421 pa gross IP#3 - Loan 370K Rent: 21900 pa gross Income - 85K and savings 30k. IP#1 is an existing house on 556sqm and believe it can be demolished and torrens subdivided into 2...
  9. M

    Recruiter/job boards for Petroleum and gas industry jobs?

    Hi guys, One of my friend is migrating to Australia end of this year permanently. He currently works as a Project Engineer with a major petroleum company in Muscat. I am in IT industry and have no ideas how to guide him to recruiters or employers for Petroleum and Gas industry jobs. Can...
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    Tax question - not property related

    Hi All, One of my friend is migrating to Aus this month. He is an Indian Citizen and has a company in Dubai. He deals with US clients for his business. - He wants to know the best/cheapest way to get his business (and personal savings) money here legally after closing his Dubai Business...
  11. M

    Loan on Equity - Tax deductibility question

    I am in process of buying my next IP. The cooling off period ends in a couple of days and then I need to pay the 5% deposit. The deposit is supposed to be paid through the loan on equity from my last IP. However, the process (to get money in my account) may take longer than a couple of days...
  12. M

    which property should i buy?

    Hi all, Just need a quick help with deciding between two properties. Around same price, but one clad and other brick veneer. Which one would buy if in my place: 158 hill end road, doonside (brick veneer on 557 Sqm) OR 195 Richmond road marayong.(clad on 588 sqm)
  13. M

    Lovegroove drive, Quakers hill

    Hi Guys, One of my friends has put an offer on this standalone (battleaxe house for PPOR) and asked my advice on whether he should go ahead after looking at the location and inspection report. 57, Lovegroove drive There is leakage in the bathroom (needs full replacement) and some typical...
  14. M

    Feedback on my online store

    Hey Guys, I have been working on setting up an online store for Jewellery and accessories. It is my wife's passion and since she had been out of work force, we planned to get this thing set up. Website: http://www.bdazzle.com.au The backend work on the website is still going on, but...
  15. M

    Question regarding Life Insurance, TPD, Trauma and IP

    I have been procrastinating getting a life insurance since some months now. I will soon be 35 and believe its time for me to decide and get one asap. I have a few questions and would appreciate if someone can guide me in the right direction: 1. On what basis does one decide the amount of...
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    Can I even think of buying IP #2?

    I WISH to buy another IP by end of this year. But, due to changes in the financial situation, my chances look grim. My current single income 63K. Wife was made redundant in Nov last year and still looking for a job. We have a 3yo daughter. I bought my first PPOR in 2011 and first IP end of...
  17. M

    New hotwater and toilet install quote - Is that reasonable?

    I got the quote below to replace the broken hotwater unit in the PPOR. It is not like for like. Currently, it is 80L and internal. The replacement is 250L and going to external including concreting. Below is the breakdown. Please let me know, if the quote is fair. ** Price to supply and...
  18. M

    How to find houses with granny flats?

    Is there a way to search houses in Sydney that have granny flats built already? Also, can one search based on the land area?
  19. M

    Fair Trading warning

    Just came across these warnings about these two tradies. Please beware, in case you are dealing or plan to deal with them: http://www.fairtrading.nsw.gov.au/About_us/News_and_events/Media_releases/2013_media_releases/20130207_warning_do_not_deal_with_allan_piggott.html...
  20. M

    Where should I go on holidays this Easter?

    Hey everyone, Me and Mrs have been through a lot lately and would like to unwind during this easter break. Any suggestions to places we can go will be much appreciated. Details you might need to suggest: We stay in Western Sydney and are after a place that is relaxing and has...
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