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  1. Erica

    Southern Adelaide investors- market update please

    I'm contemplating off-loading one of my Morphett Vale properties, but don't have much free time to get to opens or auctions to get a feel for this market. For the people on the ground in/around that area have you noticed any pick up in demand/prices this year??? I've noticed the affordable...
  2. Erica

    Just bought first commercial- Adelaide

    Negotiated on 3 different commercial properties in Adelaide over the past 12 mths- went in low and managed to get a 10% discount on all (from list price), not sure if this is standard realestate agent method (advertising 10% higher than expected sale price), or just a reflection of the subdued...
  3. Erica

    how to make $110k 12mths without quitting my day job

    Thats the plan Stan! This is development project number 2, my aim is for 20% ROI in 12 mths. My first project wasn't so crash hot so this one I have better hopes for, you can check out my other thread here: http://somersoft.com/forums/showthread.php?t=96564 STRATEGY: Purchace corner...
  4. Erica

    cost to bring power/telstra line across road?

    has anyone done a subdivision that needed power & phone (overhead power/phone lines in old suburb in Adelaide) brought from across the road (small residential road/ side street), how much did it cost you for the works all up? I've found a nice corner block suitable for subdivide and retain-...
  5. Erica

    Should I demolish PART of house to subdivide

    I'm not sure if it is just frustration that I keep getting outbid or out offered, on subdividable properties that I am starting to think of more drastic measures to achieve my goal- which is to buy a poroperty that I can subdivide the back yard off of and retain the existing front house. A...
  6. Erica

    First development 8.65% ROI and $100pw cashflow positive

    Well, not the amazing 20% ROI developers look for but better than a poke in the eye, for a first try anyway... Project: Retain front house and subdivide off the back yard then build a new house on the hammerhead style block, long term holds. Timeline: 3 years to completion (thought it'd...
  7. Erica

    4Q 2013 stats out by suburb: Adelaide

    http://www.reisa.com.au/publicinfo/median-house-prices Hubby tells me not to look quarterly- he thinks it's like checking your share portfolio daily- too much volatility, which can only lead to stress- but I just can't help myself...
  8. Erica

    I'm in love......sigh

    http://www.realestate.com.au/property-house-sa-glenelg+north-115212371
  9. Erica

    Asking to see lease before auction? Allowed?

    So I'm interested in bidding at Auction on a property that is tennanted, do privacy laws prevent me from seeing the lease before sale? I'd also like to see the inspection sheet too, what do you think my chances are? Oviously I want to check I wouldn't be inheriting a nightmare tennant, would...
  10. Erica

    Adelaide clearance rates are finally UP

    I'm having a quiet day at work, so thought I'd share my thoughts on the Adelaide market; I'm feeling positive that the next 12 months will be good for CG, and about time, after the last few years of flat and slightly backwards growth, with current record low interest rates and the last quarter...
  11. Erica

    Terazzo bathroom floor- bright pink- ideas?

    Hmmm, what to do to improve the appearance of a bright pink terazzo bathroom floor? Would love some ideas from you guys. It is in good condition/ solid/no cracks etc. I'm looking for a quick/cheap cosmetic upgrade so not too keen to jack hammer out and lay new tiles. The floor edges curve...
  12. Erica

    Jan-March 2013 median house prices SA

    I love stats http://www.reisa.com.au/documents/item/379
  13. Erica

    South Australia is becoming a globally significant resources state: Terry Ryder

    I sure hope so: http://www.propertyobserver.com.au/south-australia/south-australia-is-becoming-a-globally-significant-resources-state-terry-ryder/2013031359827?utm_source=po&utm_medium=aida&utm_campaign=upperright
  14. Erica

    Australian Bureau of Statistics new release

    from: http://www.abs.gov.au/ausstats/[email protected]/mf/6416.0 "Quarterly Changes Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities rose 1.6% in the December quarter 2012. The capital city indexes rose in Sydney (+2.3%)...
  15. Erica

    Fish pond safety requirements- obligations of landlords info

    I've spent the morning ringing around a few agencies to find out what my legal obligations as a landlord are for safety pertaining to a fish pond on my rental property: Fish ponds are exempt from pool and safety fencing requirements per the Australian Building commision website: "What are...
  16. Erica

    Injury to the tennants pet on my property- am I liable for costs?

    Anyone else had this occur to them? Tennant's dog has put its paw under the colourbond fence (about 1 inch gap between grass and bottom of fence) it's sliced its paw open and resulted in an expensive vet bill for surgury. I DO NOT believe I am liable for damages as the property is in a...
  17. Erica

    How much value will a re-paint add?

    I'm hoping to get a better revaluation from the bank, I've got a tripple fronted 1950's house with paint peeling off the gutters, timber windows and eves, seriously, I think the last time the house was painted would have been 30 years ago. So if I spend $200 on paint, and roll up my sleves...
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