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Hi I seem to recall that the Reno Kings stated that the pressure was quite high and that they reduced the pressure quite considerably. Maybe down to a third. Consider checking with them. Ross

Hi Your list seemed to indicate to me that the glass bricks would be installed in an outside window. Fair enough. Some time ago I had glass bricks installed professionally by block layers in an inside flight of stairs in a three story commercial building. They looked great, let in tons...

I agree but If a pollies head is on the chopping block, anything is logical Regards Ross

Can you cast your mind back to the early 1980's when the Government of the day decided that only "rich" people invested in rental properties and the name "Landlord" was to be shunned. The Government stopped people from offsetting legitimate business expenses (from investment property) against...

Maybe you are cynical this morning Lissy but I agree with your comments and believe that you have every right to be cynical. What may start out as a sound idea is usually stuffed up by interference from all political parties who have to stick a paddle into the argument Regards Ross

Hi I'd like to be in the line up with Sam to borrow funds to purchase a $1.4M home but somehow I can't see the bank's or Government will agree and I will not see this happening for me. The Government currently allows an offset of expenses against income now. Negative gearing...

Hi Gordon The Dept of Housing renters still occupy the same dwelling. The only thing that has changed is the form of ownership. Instead of the Dept of housing owning the dwelling, and the tenant paying rent to the Department, the bank and renter as co owners, now jointly own the dwelling...

Hi I heard something like this on the radio a couple of months ago in Sydney. I don't recall the detail but I seem to recall a pollie, of whatever colour, suggesting this as an alternative to the Government expending millions in taxpayers funds, building and renting public housing to the...

Hi Aceyducey My comment: "The cost of the lawn mowing balances the additional cost the tenant is mostly prepared to pay each week." That means that the lawnmowing runs at a profit or breaks even, not at a loss. "Surely it is the property we want to care for." Regards Ross

Hi Brains Your thinking has galloped away with you again. I made no reference to inner city, CBD apartments in Melbourne or Sydney, none at all. Nor have I suggested that apartments were a good investment. Indeed I have stated many times in the last few years that I don’t recommend CBD...

Hi Like others, I read "Henny Penny Jenman's" website and interpret most of what he says and writes as sensationalism. I think most investors agree that the market is overheated, but that is not a boom nor will it be necessarily be followed by a bust. It is simply an overheated market and...

Hi Are missing the point? Do we want to create a lawn mowing etc., business or do we want a way to regularly inspect the property, legally without any tenant fuss or perhaps knowledge to ensure the property is being looked after to your satisfaction? If you engage the services of a lawn...

Hi Guy This venture could be a good idea, but do your sums. The thing to be careful of is that if it is considered that your renovation work makes you the builder, then after selling just one unit, you could find yourself outvoted by the Body Corporate as your vote, as the builder, is...

Hi I have been involved with the purchase and sale of many IP properties in the SE corner of QLD over the past decade. There it is common to suggest to tenants that for an extra $5 or $10 per week, the Agent can arrange for the garden, pool, lawns etc., to be cared for. Tenants don't...

Hi M Merlin’s post posed the question of the difficulty in deciding where to purchase a PPOR in Melbourne and how to assess if asking price is excessive and if so by how much. The value for a PPOR is personal and is a partly heart decision. If you love it enough and can afford it, then...

Hi I accept that the moral position is more honourable than the legal position but please remember that the legal agreement is binding. When making any offer, do so in writing. Use fax, email or hand over a piece of paper with your offer, even if you have spoken to the agent by phone. A...

Hi I agree with Geoff but also add that when values just tread water, neither rising or falling, you lose. If they fail to rise sufficiently to cover ALL your costs to get into the deal, you lose. You must pay for your stamp duty, deposit interest costs, legal advice, any other...

Hi Having the contact details is important but a sales person can get these details just as readily as the receptionist, using the trechnique as a conversation piece and a barrier breaker whilst getting down to business. An agency who introduces the client to a property can under the right...

Hi I agree with brains. It doesn't matter what business endeavour you are involved in, you want honesty, so you must be prepared to offer it first and give it in return. If I am told no sales personnel available and am required to leave name, number etc., I simply say I'll wait as I only...

Hi As requested by Paul, we won't go back through the forum to find out why Paul had a problem a couple of years ago but for the sake of the newer forum members, let's take an example. The cost of some operating costs vary little or not at all and don't bear any relationship to the cost of...