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I did my painting apprenticeship back in the early to mid 1970's in Perth with State Housing Commission as it was known then. A big part of the job included dry scraping flaking paint off the old fibro homes and burning off the old paint on the weatherboards. We had no gloves or masks and we...

Gonyx, ..... I live in Goulburn and have made terrific gains in the past 2-1/2 years (bought $240k ... re-valued one month ago at $340k). The past 12-18 months in particular has seen good capital growth, so my feeling is you needed to have bought 12-18 months ago. Re: land releases .... I...

I don't want to get into disagreements here, but as an investor you do your own due diligence and if the research stacks up for you, then make a decision based on your own investment plan and financial conditions not on what others say. Most of the posts in this thread say ... too much vacant...

I've done quite well out of Melton, but I'm feeling very depressed now after reading this thread .... :( A lot of what has been said above is fair and it can be difficult to find good tenants, but I still believe in the location as a long term hold. At the time I bought you could buy older...

Ausprop, ... It is not underfloor heating that we have, but the wall mounted radiators that hot water is pumped through the units via an instantaneous gas wall mounted hot water unit. It is very good and all controlled through a thermostat. See link...

We had Hydronic wall Radiator heating with a gas combi boiler (also handles the hot water) installed last winter. Costs a bit to install, but worth every cent. The house is warm all the time. We set the temp via a thermostat. We need good heating in Goulburn as it gets damn cold .... This...

Been buying property since about 1976/77. Never paid over asking price, although if it was a PPOR in a prime location with a unique feature then I probably would. Bought at auction? - Once. A block of land in Kingsley (Perth) for $17k around 1982/3. I remember it was a land release and this...

Maybe he keeps public service hours ... :)

It's something the brewery wants to do and it's in council for approval, but at this point the company is happy to let the anti big beer bottle mob have their rant and put it on the backburner. Mystery

Okay .... Update. After the very low original $420,000 valuation (see first post), I managed to get a comparable sales report from a real estate agent up there (Qld) for dual occ's sold in the Ipswich area. Based on this info the bank agreed to arrange for a second valuation from a different...

Koko Black doesn't come close. Great chocolate treats at Max Brenner's. Can be expensive, but nice. I love the cappuccino that has a piece of chocolate melting in it ...... Oh, and the banana crepes with milk chocolate oozing out ... ;) Mystery

PRP, ..... You can use the search function on the menu bar above to search for previous threads on Defence Housing. It has been discussed a fair bit so you should be able to find quite a few threads discussing it in detail. All the best Mystery

Re: High Speed Rail to Goulburn/Canberra ... Don't hold your breath. I live in Goulburn and the subject is often discussed in the local paper, but no one really believes it will ever happen. I've also spoken to a few mates who work for the railways and they haven't heard anything yet. I...

Have you spoken to councils town planning dept for confirmation as to development potential? I always find this essential if you are buying for future development. Don't assume they will do it ...... we are talking local government here, .... common sense doesn't always come into play. Mystery

As you should be wylie, ..... I'm nearly 57 ..... Isn't the 50's the new "middle age" .... if not, then it should be ... :D Mystery

Thanks for the replies. I suppose it would have made things easier if we had gone the "strata" title option the two properties or re-applied for subdivision from council, but as we are holding for at least the next 10 years we want to avoid the extra costs of double rates etc as Ipswich...

Got a dual occupancy development up in Redbank Plains that we are looking to refinance. Bank valued it at $580,000 in 2012. Different bank valuer went out to inspect yesterday and came back with a valuation of $420,000..... I'm dumbfounded. This is for a totally renovated 3,1,1 and a 2 year...

Agree sanj, ... plus by the time they would have to pay body corp costs on the townhouse (presuming they will have body corp fees) it would probably bring the yield for the townhouse back to a house rental yield anyway, but minus the land content of a house. Mystery

ellejay, .... hang off visiting for a little while as a Sydney Boutique Brewery is moving in across the road from the Big Marino (Rambo) and they want to stick a 30m high beer bottle out the front ... :p Mystery

Mate, you are missing a lot. I actually live in Goulburn ..... Yields are pretty good - 5% plus and capital growth is always steady. Predictions for good CG for the next 5-7 years according to API mag. Would it have been better if alexm had bought 2 years ago ... definitely, but can't that be...