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    Bali,have you been?

    Recommend Baik Bike tour in Ubud, mainly downhill cycling through outlying villages followed by a fantastic Balinese banquet at Wayan's house, prepared by his wife. Around 350.000rp per person. Make sure you eat Babi Guling at Ibu Oka's warung (next to the palace) but be there early. Fantastic...
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    Why are Valuers secrative

    Beachgurl, It can also depend very much on who is paying them their fee. If the bank is paying, they will be more conservative. If you are seeking better valuations and you are running that close to your LVR (which I am only assuming if you are so keen to get these vals up), then you might be...
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    Why are Valuers secrative

    Getting the right valuation is often about approaching it the right way. There is no point not being involved and then jumping up and down about it later. We always provide valuers a file containing details of the house, land size, zoning, etc etc (all info that they should have but often dont...
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    Tenants want AC - what would u do?

    Dont forget to consider in the cost if your electrical board is going to need upgrading in order to run the system, then you will need to factor this in. It is also required in some states to install an RCD if you do work on the board, I think. This will add to your costs.
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    Bundy beaches Matusiks next hotspot!

    Some of the limiting factors in Bundaberg include the lack of school facilities in the coastal suburbs. The school buses from Coral Cove and Bargara into Bundaberg are chockablock. Bundaberg State High School has re-implemented a strict boundary system due to growing numbers. There are no high...
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    PM didn't tell us our tenant was in arrears

    Make sure that your PM lists your tenant on the bad tenants register, whatever it may be called in your state, along with the reason. If the tenant applies for a new rental via a PM, then your PM will likely get a call for a reference. Make sure that they get the name and address of the agency...
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    Removing wall paper

    I recently removed wall paper by peeling off as large chunks of the pattern paper top section away and then using a Hills pump sprayer containing a strong sugar soap mix. Spray it onto the backing paper and go all the way along the wall, the moisture will soak in and begin to lift the glue...
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    Private banker - what are they good for?

    Ok from what everybody is describing we have one of those also, as we got sick of going over the whole deal from scratch with every new bank manager that got transferred in. She has certainly made things happen a bit quicker when we need them and given that she deals with some large clients with...
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    Private banker - what are they good for?

    Can you give some more details? Are they are private individual or company who offer fully tailored packages, sourcing finance, legal services etc? I am assuming that by relationship managers, you mean someone attached to a specific bank/financial institution?
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    How do you guys set up LOC's?

    I have one LOC against PPOR which is used for all partnership property expenses and some purchases. We also have second LOC against a different property for all family trust property expenses and deposits on new IPs in family trust name. Accountant apportions expenses and interest to each...
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    Forumula 2 Calculate Maintenance

    Maintenance costs can also depend largely on the market, costs here at the moment are huge because tradies and handymen can pick and choose their jobs. Scheduled maintenance can be planned for the year in advance, with costs. We have booked in some major jobs with tradies over the course of...
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    DIY home sales

    Website looks like they are only doing NSW currently though?
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    Lessons from IP investment

    But you pay more than 20% tax on the proceeds! So have you really come out better off?
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    How a bit of knowledge and 2 phone calls add $25,000.

    We always provide the valuers with a file of relevant information, showing comparable sales, building replacement values, rateable values etc. This saves them lots of legwork and you can be sure that a decent val will be had every time. Have not yet had a valuation come in under what we told the...
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    Do the renovators have a builder 'on their team'?

    We have two builders 'on our team' one who is very fastidious and higher priced, the other who is a good all rounder, bit cheaper etc. They are both people we use regularly, for opinions and for work of varying sizes. In terms of renovating, we know much through having done it ourselves over a...
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    Renting advice for a tricky situation?

    Rentals can be pretty tight in Perth at the moment in certain areas. If you deal with a PM in Brisbane, get them to make a phone call to a prospective PM in Perth when you find a place you are after. I recently had an ex-tenant having trouble securing a property in Perth. A personal phone call...
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    An Ethical Question

    You need to understand the difference between a salesperson and an agent. An agent is a person who is licensed to carry on a real estate business and must generally be a salesperson in the industry for around 5 years before applying and studying for a triennial certificate. A salesperson works...
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    No wonder SOME real estate agents give the whole industry a bad name!!!!!

    It is not illegal for a REA to organise private deals, they are allowed to buy property also. However (big however) it is a requirement that vendors be informed (in writing upon the contract) that they are a REA and that the vendor is aware of this. It does not sound like the house is listed, so...
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    Interest rates rising - who's hurting?

    Historically, Australia has shown itself to vote Labor in times of social upheaval (war etc) and economic struggles due to their more left wing focus on economic and social policy. Historically also (!) Labor has not shown themselves to be good long term economic managers, perhaps due to their...
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    Deposit when you submit an offer

    It can be very difficult to hold onto a deposit, even if the buyer renegs on the contract. A large deposit can show a vendor that you are very serious about the purchase, particularly if you have a number of contractural conditions that might otherwise make the contract shaky in the eyes of the...
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