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  1. MyPropertyPro

    DHA management fees

    Well on very basic numbers on say a $400 per week property (and excluding GST for simplicity). Allowing 2 weeks vacancy per year for non DHA and zero vacancy for DHA Standard management: Total rent = $400 x 50 x 10 = $200,000 Management outgoings = 8% x 400 x 50 weeks x 10 years = $16,000...
  2. MyPropertyPro

    Statistical analysis

    Hi Logan, We have links to a number of research sites on our website under "Resources" if you're looking for additional research tools. They're all free (you may already use some). Cheers.
  3. MyPropertyPro

    Where to invest in Sydney

    Thanks LeoT :)
  4. MyPropertyPro

    Where to invest in Sydney

    Like Sydney, "Brisbane" is not a property market. There are many different markets in Brisbane so state that Brisbane home values have fallen by 1.4% in the last years does not accurately reflect growth cycles in sub-markets. For example, the inner city apartment market will perform very...
  5. MyPropertyPro

    Where to invest in Sydney

    Whether or not there is more growth in Sydney remains to be seen. In any case, it's really the yields that are the problem in Sydney now. After tax cash flow is terrible, good depreciation or not. I firmly believe that if Sydney isn't at the top of the market, it is very, very close. There is...
  6. MyPropertyPro

    First IP :-)

    Brisbane units is a market I have been involved with and looking at quite closely. The answer lies in the research of all the data which then reflects in vacancy, particularly the trend. Would suggest chatting to your property manager involved in that market if you don't have anyone else to...
  7. MyPropertyPro

    Redlands QLD - Property Manager Recommendations

    I would love to advertise our agency but I'm not sure it's within the rules ;)
  8. MyPropertyPro

    What are you property manager fee?

    Look past the percentage We just put up a post on this exact topic here. Your percentage shouldn't just be looked at in isolation. Unfortunately it's a very common problem that property managers will quote a low percentage and then hide an assortment of fees into the management agreements...
  9. MyPropertyPro

    Rent Increases Brisbane <10km Suburbs

    Some great responses there. There is a balance between pushing your tenant to their limits whilst treating them with respect but in the end, whilst there are things you can do to make sure you are minimising vacancy, the market dictates the rental amount. Don't forget, in a market that is...
  10. MyPropertyPro

    Tradies - who decides which one?

    As always, just make sure everything is done in writing, or phone calls are backed up by emails so there is a paper trail. It's very easy to get lost in the to and fro between four parties (tradie, tenant, PM and yourself) so don't forget the basics of covering yourself!
  11. MyPropertyPro

    What are you property manager fee?

    The biggest problem with quoted percentages is that a lot of agencies will quote a lower percentage but then build in a plethora of other fees for things like statements, disbursements etc that add up and end up being an overall higher percentage that is masked by the fee structure. As an...
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