Search results

Update: Valuation 9/2013: 630K Valuation 8/2014: 730K So market forces have driven up the property 100K in one year Comparables without granny flat approx 650K-670K. This would put the value of the gf somewhere between 60-80K. Pretty difficult to find comparables still, but was valued as a...

Full valuation came back at 630K. Comparables without the granny flat about 550K-560K

Sorry, but I fail to understand why this it a problem. It's likely that the desktop val doesn't include the granny flat at a guess, but my initial intention was to make back the granny flat value, and I have done that in 2 years (albeit due to the market). I'm not quite sure what you are...

It's been a while since I have updated this. Just thought I'd to give you guys a quick run down of the numbers. Initial purchase (Nov 2011): 516K Valuation (Sept 2012): $520K. Pre granny flat build Granny flat build cost: Approx $120K Rental return $380+$460/week Depriciation: $3-4K per year...

Came across the issue of the telephone line today. Tenant wants to connect ADSL, but obviously there is no line. So, Ill be getting them to connect it up and reimburse them later. Approximate cost would be about $300-400?? On another note, AGL STILL hasn't registered the gas meter. Very...

Nope, I'll be leaving that for the tenants to connect up.

About 10K of it is landscaping/fence costs, so its reasonable.

Finally handed over the keys for the rear tenants. All done now. Here are the numbers. GF build cost TOTAL: 118775 Front house bought for 513000 TOTAL: 518593.88 LMI:3000 GRAND TOTAL: approx 640.4K Front house rent: $460pw Rear house rent: $380pw Management fee: 4.4% Approx 41500pa...

Getting the keys today Open house tomorrow. Apparently there are 15 people coming. Lots of interest since I dropped the price from 400 to 380. Would it be ethical to call the agent tomorrow and increase it?

I don't see any pavers ! Now should I order a valuation with the bank or privately ? (for cgt purposes) Will be disconnecting the gas and electricity today before the new tenants move in

Hopefully it will bring in more value being an extra carspace I had initially decided against it, however I got it done for quite cheap so am not bothered by it. Also if the school ever does decide to make more use of the rear exit then my tenants would have a spot to park

Found a new front tenant today @ 460/week. Moving in 21/12 Separate parking space for front tenant, and driveway to the granny flat can be seen Granny flat will be cleaned up this week. Hopefully OC next week. I still dont have the keys and so the agent cant show anyone through. Also...

Probably. But my LVR is about 80ish% SD is that low because it was a FHOG property and I had lived in it for 6+months. The financials probably dont stack up as say one in Blacktown, but I figured it was a risk worth taking if it was to be a long term investment and while I was young.

Pretty much all done. Just waiting for the power meter and OC (not sure how long this takes) GF build cost (incl approval, site costs, tree removal etc): 108000 Move bathroom: 700 Extra for better tiles: 150 Concrete: Estimated 5000 (could be a bit more) Fence to divide 2 houses: 1600 Side...

It's not fantastic if I get that rent I'll run thorough the costs at a later date , once everything has been paid

Rental links are here http://www.realestate.com.au/property-house-nsw-sefton-409010391 http://www.realestate.com.au/property-house-nsw-sefton-409268251 Finding it quite hard to get a tenant in at the time. Should get the OC by next week. Pretty much done. My builder is also having an open...

Internal paint complete. Gas meter installed. To do: external paint and electricity meter. Front house concrete car spot.

How big was the block? Block is approx 700m2. However I had a sewer line running across the rear, so that pushed the granny flat forward 10 metres. Just looking at the below, whats in this room with the large gap along the floor/wall? That would be the bathroom Did you have to dig up the old...

OH, I meant a reval for CGT purposes. It was a PPOR before all this started (for 10 months) Would I have to set it for a specific date or not? I have already done a val for just before the granny flat was built

I would need a new recycle bin and rubbish bin though. Someone stole both? Also, why do you suggest a 3 month lease and not a 6 month? And when do I order a valuation?