Recent content by JayOh

Funny you should mention that - our first tenants were a young turkish family, the current tenants are bangladeshi refugees through the red cross. The neighbours were a bit concerned at first about 4 young-ish guys living there, but they've been pretty good and both sets of neighbours are pretty...

Our first (and so far the only) IP is an old 2br house we bought in early 2012 in Auburn. The timing was good and we've done well from it - spent $20k on paint, carpet, bathroom, laundry, a bit of kitchen work and some landscaping. Had it revalued early Nov 2013 and the val came in at $67k over...

same agent for both properties..? the man has some funny connections!

The unit sold for $370k. Just for comparison, this one just up the road sold for $480k in august: http://www.realestate.com.au/property-unit-nsw-kyeemagh-411277711 It was up for rent at $450 and has dropped to $420pw

It's definitely better to be upfront so people know about the history but I'm not sure how much of an impact it would have on the sale price and potential rent. I showed the ad to a couple of the ladies at work and one was horrified and the other wasn't fazed in the slightest.. I'm sure it would...

Not 100% sure but I believe the same disclosure would be required for renting the property.

Thanks for the link - I've deleted the cookies and logged back in. I'll let you know if the problem reoccurs. Cheers!

Sounds like Dubbo is worth looking into for an IP if the rental market is tight?

Missed out on this unit - it was listed at offers over $350,000 but when I contacted the agent today it was sold. Read the description carefully: http://www.realestate.com.au/property-unit-nsw-kyeemagh-114886431

Is there any reason why the forum would be logging me off when I'm trying to respond to a PM? Twice today I've tried to reply to a PM and both times when I've hit submit I get a message saying I need to be logged in to view this page.. I'm obviously logged in to be able to view my messages...

Thanks for the tips! I'll have another look at the available space and if a cabinet is viable we'll do that, otherwise we'll just go with a mirror. I'll have a bit of a browse on youtube, surely there'll be a video on there about drilling into tiles.

Hi! Bit of a noob question here - we had the bathroom in our IP renovated and being a bit short of space and budget for a cabinet the builders just attached a mirror to the tiles with some form of adhesive. About a year later the tenants tell me the mirror has fallen off the wall and broken...

Thanks for the confirmation. We're just researching for IP2 so we'll have to factor this in and maybe cast the net a bit wider. I like the look of the two properties that LoneWolf just posted and Penrith has a few options for units and townhouses too but at a higher price point and slightly less...

What are the vacancy rates like in Mt Druitt and Penrith at the moment? With all the investor activity driving up house prices, does this bring down rents or increase vacancy rates?

This may not work for you but have you considered renting where you want to live and buying an investment property? If you're not buying your first home then you don't any first home buyer incentives to help out and renting a house is usually cheaper than a mortgage unless you have a substantial...