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OK, so I'm not going to bother with renovations for another 12 months or more, on the advice of property managers who all say reno wouldn't add much to the rental yield. Can anyone recommend a good PM in Ipswich? I've met 4 so far, and they're all pretty uninspiring.

G'day Angel - yep, I think a new bathroom, kitchen and paint would cost in the order of $20k and add roughly $20 to the weekly rent, which obviously isn't a great return. However, it would add more than $20k to the value of the property. Likely tenants include students (including lots of...

Any other thoughts on the timing/content of a reno? Also, can anyone recommend a good PM in Ipswich?

No flood cover, it's on a hill

Thanks Brian - I'm not necessarily planning on doing ALL the potential renovations, just wanted to get other people's ideas about what they thought would add the most value. My budget is $60-70k Rick

Hi, I've just purchased an investment property in Ipswich, about 1km from the uni/hospital. It's a 2 bed, 1 bath timber workers cottage built approx 1940, in a quiet street with good access to public transport. It's the classic "worst house in the best street" as both neighbours are renovated...