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I know you love the area, so do I. I do agree it appears to be a good bargain for some people, but personally I would stay away from high flood risk houses regardless of historical or theoretical. At the end of the day, investment is about risk management

Congrat That's close to one of my IP

Agree x2. I think Runcorn will take off the ripple effect from the nearby Asian suburbs eg. Sunnybank, Sunnybank hills and Eight miles plain which have been rising rapidly in the past 12 months

In terms of the property cycle, Sydney is now at peak, Brisbane is at around 7-8 o'clock. Might need to wait for the next cycle (maybe in a few years time) to kick in for CG if you buy in sydney now....although i think CG in long term is better for sydney Let say for 600k budget, it will get...

I have been looking for an IP in Sunnybank/ Sunnybank Hills and Runcorn in the past 2 months and ended up bought a 4 bedder house in Runcorn with subdivision potential. Went to few opens and crowded with asian buyers, not surprise to see houses at good locations being snapped up pretty...

I bought an 2 bed unit IP 4 years ago at Lane Cove North 460k. Just refinanced last month was valued at 600k. In terms of capital gain, i would say its below average. If you ask me if i would invest there again if times go back to 4 years, the answer would be no, because there were so much more...

Do I need a heritage architect? or any local architect will do? My understanding is job of the architect is to draft and design the extension layout. So after the DA is approved, I don't need the architect any more. Please correct me if i am wrong. By any chance would the council requires the...

Thanks Belvoir. That makes the picture much clearer

We just bought a house in heritage conservation area. It is corner block of 530sqm, with the existing house size of 120sqm + carport....very small. We are thinking to do an extension attached to the exisiting house at the rear of the block to add another 2 bedroom in the near future. We lodged a...

I am wondering if any strata will allow you to do so

That's is killing all the investors and GF small businesses. What is the NSW government doing?

You would hardly find any parking on the street @ Rhodes after 8pm everynight. There wasn't enough parking built around to accommodate the massive population live in the high rise apartments. And more apartments will be settled soon which make it worse. Not yet mention people from wentworth...

http://www.domain.com.au/property/for-sale/house/nsw/moree/?adid=2010757616 Discounted to 48k now :eek: Bargain of the century

What worries me with Stanhope Garden/ Glenwood is the Correctional Centre nearby. Would that be safe to live there? Will that affect capital growth?

Just bought a 50 yrs old unit in Sydney for PPOR. Current kitchen and bathroom are in original condition. I am planning to get a new kitchen and bathroom installed. Kitchen small size 2.3x3.5m, put a new L-shaped cabinet with sink and ceramic cooktop 1xBathroom + 1xensuite put new...

As far as i can remember from the tenancy agreement form i download from NSW fair trading website. It mentioned that a receipt is not required if the tenant pay rent via electronic transfer.

I agree with others that legally speaking you don't need to pay, because they made the mistake in the first place and they should take the full responsibility. However, if you want to keep a good relationship with the REA for whatever reason, it's not a bad idea to pay that small money...

Get a few quote from at least 3 agents in the area, and use the best offer as your bargaining power. Not quite sure about Melbourne, but in Sydney most cases you can talk down to <6%, and try to ask them to waive the advertising fee.

Flossy, If I am in your situation. I would rather pay a PM to organise things for me, especially when you are living interstate. It's just too much hassle to deal with 3 tenants, on separate lease, chase up the bills & rent separately. Yes, you might do as other suggested, leave it to your...

I would also offer a 14-months lease instead of 12 months, just in case if the tenant is moving out during x'mas period next year, it will give you a hard time to find replacement.