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  1. WASP

    Strata issue or ours?

    Tree roots external to one of our townhouses are causing blockages in our drains, this seems to be ongoing (though slower in winter). PM has advised we consider repairing the drain pipe, or a repair and rebuild the drain at around $1,500 Is this Body Corporate issue or ours? I'd thought...
  2. WASP

    What are all these for

    Probably a stupid question, but what are all of these for in the TV area?
  3. WASP

    Surprised at rate

    One of our loans is coming off an initial 3 year fixed interest interest only loan with St George. Surprised at the standard home loan rate of 5.74% It was to revert to P&I at 5.74% as at this months end with a balance of around $270k We also have another associated loan as part of the...
  4. WASP

    Renting furnished and tax query

    If renting a property furnished, do you need a new depreciation schedule or do you just give a list of furniture/furnishing assets to your accountant? I'm thinking the latter as it's not like you get a new depreciation schedule done if you say add a patio, or do a small renovation, but I may...
  5. WASP

    Neighbour has built new wall near fence

    Our neighbours are updating their backyard and a new wall has been put in, from what can be seen their side looks great with stone features inlaid, the landscapers have also laid huge concrete planter boxes along the rear fence, looks great and they've spent a lot doing a great job, the work...
  6. WASP

    Building a new investment property

    If you build a new investment property what documents do you need at tax time for depreciation purposes? Do you just give your accountant a copy of the contract price and they work out all the various depreciation rates applicable ? Any other tips on what else to claim ?
  7. WASP

    New Building Depreciation

    With a newly constructed building, how do you establish your depreciation schedule? Does your accountant enter in your actual cost and work out the effective life of assets? With older buildings we've always organised a depreciation schedule but what happens with a newly constructed...
  8. WASP

    Buy Renovate Revalue

    How does it all work Looking at a recent magazine they had a story of recently purchasing a property at $270,000 renovating it and revaluing it at $330,000 to $340,000 giving total equity of $92,629 available if financed at 90% They have worked out the available equity by valuation at 90%...
  9. WASP

    Queensland townhouse complex

    Does anyone have any suggestions for property management in Brisbanes Golden Triangle We've been using the on site Manager but they recently changed hands and the new one isn't up to scratch, there's always a feeling with repairs that we maybe getting duped and on recent jobs we sourced...
  10. WASP

    What to do in Sydney

    We purchased a property in Blacktown Council 6 years ago and it's value would have gone up around $100,000.00 to $150,000.00 with the recent hype. Last CMA valuation was in May 2013 and it showed an increase of around $60,000.00. In January this year we accessed some equity at $35,000.00 as...
  11. WASP

    Australia as a whole and the individual states

    Most talk of property prices look at Australia's median as a whole, however there are many sub markets and variances within the states Do laggard states always play catch up Should you be selling or realising gains in states that have had great growth to invest in states that have had low...
  12. WASP

    Plumber Recommendations Western Sydney

    Does anyone have any Plumber recommendations for Western Sydney City of Blacktown area Have used a local group a few times for the same job and looking to find another provider
  13. WASP

    Blinds - Perth

    Any recommendations for a blind company North of the River Have a meeting with ABC Blinds next week but thought the forum investors or renovators may have feedback on other suppliers worth looking at
  14. WASP

    H&L or L&H

    Is there any difference tax or otherwise between buying a House & Land Package, or buying Land and then finding a builder to put the house on it How about from a financing point of view, I'm assuming its best to use the same lender in the second scenario?
  15. WASP

    Lines Of Credit

    If, as your IP values increase, you access equity and establish Lines Of Credit, and use your first Line Of Credit to assist with paying any shortfall, renovations, as well as top up that Line Of Credit with rental income etc etc Should you put any additional Lines Of Credit into the first...
  16. WASP

    New Properties

    Just wondering If you build a new property i.e. H&L Package, how do you establish the end value once completed Comparable's (what if unique)? Real Estate Agent? Banks Valuation? Banks required insurance coverage? Other? How do you find out what the Bank valued it at and I'm assuming...
  17. WASP

    video/intercom/doorbell

    We are looking at adding in a video/intercom/doorbell type thing to PPOR in Perth Any recommendations or thoughts on these?
  18. WASP

    What happens

    If you build a new house, what happens with leftovers What should you be left with for repairs or use elsewhere I was thinking, bricks, tiles, pavers, etc
  19. WASP

    Cashie?

    Had a tradesman quote $1,000.00 cash to do some work on the kitchen renovation He's come back saying that was a cash job, otherwise its $1180.00 +GST What the..
  20. WASP

    Risk Fee

    What the heck We received a Line Of Credit approval letter Loan Number 1 - Line of Credit (Value Advantage Package) - $38,742 . This includes the Capitalised RAMS Risk Fee In addition to any other fees and charges deducted from the loan amount at settlement, a RAMS Risk Fee of...
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