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  1. Of The Vultures

    Selling - marketing

    About to sign the paperwork appointing an agent to sell my property and just wondering what everyone does with regards to marketing? They want 6 weeks worth of advertising in the local paper, some at quarter page size ($2000 worth). Also $360 for "featured property" on realestate.com.au...
  2. Of The Vultures

    Deductability of car expenses

    Would someone please be able to confirm whether I can claim the use of my car in the following circumstances? 1. Property purchased, renovated and immediately sold. Not rented at any point, nor available for rent. Car was used during the renovations - can the cost be added to the cost...
  3. Of The Vultures

    Running an ebay business

    Let's start with an announcement that we'll be welcoming a new addition to the family shortly :) and since I'll be home on maternity leave, I will need a way to generate extra cash from home. Hubby's wage will be covering the mortgage etc but we need to do renovations as well so that's where...
  4. Of The Vultures

    Insurance in Rockhampton QLD

    My Terri Scheer insurances came up for renewal for two IPs in Rockhampton and I thought maybe someone knows what a reasonable building insurance sum would be for a typical 3br highset weatherboard house? Both of mine are insured for $390,000 each which sounds high but I'm not familiar with...
  5. Of The Vultures

    Renovating a fire damaged house

    So... has anyone renovated a fire damaged house before? We got ourselves our first torched project, any tips? The rough sequence I imagine will be: Gut the walls Glazier to fix all broken windows Electrician/plumber to rewire/replumb any damage Fix holes in floor Plasterer Painting And a hell...
  6. Of The Vultures

    Bad real estate ads

    When I first walked into this home I felt very relaxed, I liked the space and that the bar is not far from the TV, which is handy for the wife when fetching me a schbert or two when I'm watching my footy team win and it's also close to the outdoor entertaining area with a below ground pool. I...
  7. Of The Vultures

    Logan or Ipswich for subdivision

    Hi all, I've been looking at Logan and Ipswich for our next purchase. I want something that can be subdivided (not immediately). In the meantime yield is still important so I've narrowed down my search to Marsden, Kingston, Woodridge and Eagleby due to their low median prices and relatively...
  8. Of The Vultures

    Importance of living near family?

    A year ago we moved to Tassie (from Perth) so that our son can be near his grandparents. My FIFO job means that my husband has been able to stay at home for the past year but I don't think he considers that a positive (he's somewhat of a workaholic). He doesn't seem to be totally enamoured...
  9. Of The Vultures

    Structure for renovating to sell?

    Hi all, After the successful completion of our first renovate and sell project, we're keen to repeat this but I'm unsure as to the implications of doing this too often. So far we've purchased in the name of the lowest income earner to minimise CGT on sale. My accountant tells me I'd be...
  10. Of The Vultures

    Where do you find stock on market data?

    Just wondering where's the best place to find this data freely accessible? I know REIWA make it quite easy for Perth, but where do I find the other capital city data? Couldn't find anything on Brisbane on the REIQ site. SQM Research has some data but the numbers are different to REIWA (8000...
  11. Of The Vultures

    Grafton and South Grafton

    I was having a read of the HTW monthly review and they mentioned Grafton as having great yields. Eg $160-190k purchase would rent for $250-$290/wk. Ex housing commission stock in South Grafton apparently can be had for $100-120k, renting for $220/wk. Anyone looking there? What's it like...
  12. Of The Vultures

    Chasing yield in Brisbane

    I was tossing up between buying a reno/hold in Newcastle or something in Brisbane. I think I'll have to give Newcastle a miss for now as right now I'm chasing yield. I need cashflow. So the question is, if you had $200,000-250,000 (yes, I know) to spend in Brisbane, with yield being a...
  13. Of The Vultures

    Miranda/Gymea for reno and flip

    Hi all, A friend is considering these two suburbs for a reno and flip. He's looking to spend around $600k + $150k reno, for a sale of around $900k. He's done renos before but in Western Sydney. He's asked me to see what I think of these suburbs before he jumps in - I know absolutely...
  14. Of The Vultures

    Another before and after thread

    We've finally finished our reno in Tassie and thought I'd put up some before and after shots. It took us 7 weeks of sweat and tears (no blood thankfully ;)), blew our budget mainly due to... well me not knowing what I'm doing I guess! We've renovated twice before but not to sell, this reno...
  15. Of The Vultures

    Teaching young kids to invest - tips?

    My son is 5 and by his 6th birthday I'll start giving him some pocket money but I want to start teaching him about money and investing from day one. How early do you start teaching your kids to invest? And how? Any tips on what has worked for you? I'll start by having him save a certain...
  16. Of The Vultures

    GR8 for property management?

    I came across a company called GR8 as apparently they do property management all over Perth metro + Mandurah way. Found an old thread which wasn't very complementary http://somersoft.com/forums/showthread.php?t=39628 but that said nothing about their property managment arm. I spoke to...
  17. Of The Vultures

    Vendor leaves rubbish on settlement

    We had a final pre-settlement inspection today on a property we're purchasing. It is a PIG STY. Mountains of rubbish everywhere. A couple of days left till settlement and we would not be surprised at all if it was still there when we pick up the keys. How can we make sure the vendors...
  18. Of The Vultures

    Kitchen cupboard material options

    I have just entered the confusing world of kitchen renovations, can someone help me sort out the options available for kitchen cupboards? So far I've gathered you can have melamine, laminate, vinyl or polyurethane (plus solid wood but that's out) What is the material used in most flat...
  19. Of The Vultures

    Rockhampton property managers

    I had a property manager in Rocky handling two properties for me. She was the one who inspected the properties for me prior to purchase, has many years experience in Rocky, doesn't own residential property but has one commercial property. She passed the initial phone interview with flying...
  20. Of The Vultures

    Are you an introvert or an extrovert?

    Just curious about whether there is a trend as to what personality types are attracted to property investment. For the record, I'm very much an introvert.
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