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    Poll: Where is the OZ Economy at??

    I too have been wondering what SS'ers opinions are the economy. I have sold my PPR and have the cash ready to upsize to a new one. Sydney house prices are going crazy in the median price bracket. There's a serious undersupply of stock with 40-50 people often at open for inspections. I've...
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    Insurance?

    We have building, contents and landlords insurance for our houses, and have contents and landlords insurance for our flats. The strata insurance only covers the building and doesn't cover things like floorcoverings, shower screens etc. We have taken out contents insurance just to be safe. You...
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    Elizabeth, North Adelaide, SA

    Our house settled today - took a while as the vendors had to do some repairs first. The land size is 620sqm and the purchase price was $170,000. It's more expensive than some others we looked at, but we thought it was worth it as it is a good solid house, double brick, fully insulated, ducted...
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    What Do You Hope To Achieve By Investing? What's The Point Of It All For You?

    I invest because I have no choice. Saving what I earn from my day job will get me nowhere. I'd be too worried about my future to do nothing. I also invest because it's challenging, rewarding and I want to be able to say "I QUIT!"
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    Elizabeth, North Adelaide, SA

    new house! Hi all. We are back from our Adelaide trip and are the proud owners of a house in Elizabeth Downs. It is already tennanted which is great. We found it beneficial to go down there and have a look around at the different areas. We would have found purchasing over the net difficult as...
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    Underfloor leak

    Insurance Hi all, Just thought that we would let you know that the bathroom (after much too-ing and fro-ing) is being fixed by the vendors' insurance company which is great for everyone! It has ended up being a great buy. Cheers, Craig.
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    Underfloor leak

    Pipes Great thanks all – it doesn't sound like the end of the world from all the replies. Andrew, we are insisting on a Certificate of Compliance from the plumber and also requesting that our Building Inspector is present at the time of it being fixed – we were worried about this point exactly...
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    Underfloor leak

    Hi, We have recently put in an offer on a house in Elizabeth Downs outside Adelaide SA. We negotiated on a price and are happy with the final amount. However, after getting our building report back we found that there was a large amount of leakage from somewhere under the bathtub as the...
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    re:- Drop in my pay

    There was a comment much earlier in this thread about requirements of rental properties for The Department of Defence. Uou can check this out at the following link: http://www.dha.gov.au/for-investors/lease/requirements Cheers, Orcades
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    Conveyancing solicitor

    orcades Hi, It probably is the same thing I would say. Thanks for that, I will look them up soon. We have had so much hassle with the ones we have used in the past (except for one who was great)! Charging more than they said they would, being way too relaxed about getting searches done...
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    Conveyancing solicitor

    Hi, Can anybody recommend a good conveyancing solicitor in or around Adelaide? We usually find ones that either really stress us out or do a very sloppy job! Thanks, Orcades.
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    Elizabeth, North Adelaide, SA

    thanks! Thanks so much for the replies - the info is really helpful. It makes me feel more confident about investing in the area. We have just booked in holidays for June to go there and check out the market - and hopefully buy something. I will let you know how we go! Orcades
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    Elizabeth, North Adelaide, SA

    We are considering buying an investment property in Elizabeth, north of Adelaide. It sounds like a lot of growth is expected for the area. My only concern is that a few large housing deveolpments are going ahead. Does anyone have any thoughts on how that will affect the demand for rental...
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    Leveraging through equity

    Orcades Great—thanks Peter. It is something more for us to consider. All the best, ©
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    Leveraging through equity

    Hi there, We have 3 rental properties with 2 different lenders. We would like to purchase a fourth property in the near future borrowing 100% of the purchase price plus costs. We have quite a bit of equity in one of our properties but wish to get finance through a different lender for our new...
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    Katoomba rental demand

    Katoomba Hi Roger, The reason we were interested was that Residex (and other articles we have read) were anticipating more than 7%+ a year increase over the next 5 years—so hang in there. (We would hate to think of the value of our Sydney property after having bought it in 2002!) orcades.
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    Katoomba rental demand

    Thanks for the insiders info Roger! That is good to know. We will have to have a think and weigh it all up. OC
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    Katoomba rental demand

    Katoomba Thanks KJ. We do plan to head up in about a months time and will be keeping an eye on what dissapears from the list of rentals and what is left by the time we get up there. It is good to know that the rental column is getting smaller and not larger! Cheers OC
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    Katoomba rental demand

    Hi—we were thinking of buying a house on a good bit of land in Katoomba. There does however seem to be a lot of places to rent (after having searched realestate.com). This goes for other parts of the Blue Mountains as well. Does anybody know if there is any problem with getting tenants? The...
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