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Fair call. Point taken. Disregard above post people. I will start my own thread :o I have reposted in value add section so if anyone has the crazy desire to answer me. Feel free over there. Cheers

Not wanting to hijack this thread but i am also deciding how to go about value adding my underperformer. Possibilities below. 1# Current set up 2 bed cbd house 540sqm Total $309,000 rent $265 pw rent or 4.4 %yield :mad: 2#Basic 2 bed extention Total $349,000 rent $350 pw or 5.2 %...

Really. I didn't realize depreciation on fittings and building changed also........interesting. Cmon rezoning. Can't wait.

Good point. I am considering building a couple of furnished apartments behind my existing cbd pad thinking that furnished would raise rent from about $180 each to $250 each. Just found out executive apartments 100 meters away get $660 per week furnished :eek:

Yeah. Good points. I come from a forces family and i work with all three forces both current and retired. I see both sides of the fence and while many years ago Defence personell where paid and treated like sub humans. Those days have well and truely changed. Much of my workforce are retired and...

Are you kidding. Perk after perk after perk,Competitive wages to the civilian world.GFC ? What GFC. And then when all that training must be used and they go to war. They get bucket loads of cash on top of their wage. Where do i sign. Truth is if you are in a field that also can be done in the...

I like how you group Defence personnel into that lot.:eek: Actually seeing how good they have it in the forces( many to blind to realise it until they get out). I feel a bit funny towards them myself at times. Tell me why does a couple on over $80,000 each need mortgage assistance from the...

On paper my oldie is a 3 bedder with two seperate living areas. But being an older home it has huge hallways and one area was big enough to be classified as a dining room. Bang. Instant four bedder for no cost giving an extra $30 or per week. This sort of thing can be done in many older homes.