Recent content by Africandaisy

Well done, congratulations!

Thanks for sharing your thoughts about Playford. That makes me feel more confident about holding long term.

Yes Rizzle, I still own all three. Cashflow was my main goal and I am getting yields of between 6.27% and 6.77% on these properties, which is OK given the current climate and my risk profile. However, I also hoped to get a decent amount of capital/rental growth by following Margaret Lomas'...

I bought 3 IPs in areas previously recommended by Margaret Lomas but I have to say that the growth has been fairly underwhelming so far: 1. Werribee (outer-west suburb of Melbourne, Vic) bought 8 years ago. Capital gain 3.1% average per annum. Rental increase 4.6% pa. 2. California Gully...

I also tried to get internet connection from iinet and Optus but they couldn't provide it either. I understand that the infrastructure (local exchange and the cabling) are owned by Telstra.

Ive got one property that turns over every 12 months. I've asked the PM if its something 'wrong' with the property/street but she reckons its very common in the rental market in that area (low socio-economic area). The two weeks letting fee plus any vacant period during changeover of tenants...

I'm in the same boat. I recently moved into a place into Kensington (5 kms from the Melbourne CBD) and cant get internet connected because either there are no ports available at the local exchange or because of the pair gain cabling system they used here (the story changes depending on which...

You might also want to check the noise level inside, as Victoria Street is a busy road with trams.

The room looks lovely in the photo. The antique white is quite warm looking. Did you just use vivid white (ie. no tint) for the doors, windows and skirting?

Ive got test patches of china white and antique white USA up on my PPOR walls at the moment too. I have been dithering for days about which colour and feeling silly for stressing over such a first world problem. Like you, I'm worried the antique white will be too cold looking but the china...

There was an article in the paper today about the need for specialised cleaning if you buy a former meth lab because of the health risks. http://www.heraldsun.com.au/realestate/buying/homes-with-hidden-history/story-fni0catd-1226664668946

Yeah, what she said. Wow!

There was an interesting article about vendor's advocates in today's Age http://theage.domain.com.au/real-estate-news/welcome-to-a-new-world-in-real-estate-20130606-2nr8c.html

I reckon this is good advice. Some options to consider when you are ready are: 1. Use some for the deposit on another IP (depends if your borrowing capacity is already maxed out). Diversify by buying in another state. 2. Diversify by investing in something other than property. An index...

Thanks Queen Bee, I appreciate your help.