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There are companies that annually check smoke alarms, certify alarms as being compliant, change batteries etc etc for a fee. Would you suggest -using these companies -not using them -something different My PM is suggesting a mob for annual smoke alarm inspections that charge $66 a...

Got a couple of new units in the suburb Albion that my PM has been looking for tenants for the last month. Looking actively for the last 2-3 weeks. Just confirmed today that the PM listed the units on RE.com.au in the neighbouring suburb of Sunshine not Albion. Correct address and details but...

Received an email from Sumit at ANZ Home Loans Progress Payments department about a small problem with the final stage of a development loan. He wanted me to call him to sort it out. Fair enough. Sumit however turned out to be at ANZ's Indian call center at Nagavara and Rachenhalli Villages...

Considering buying boxes of cheap goodies here in China, shipping them bulk to a mate in Auss and have him ship individual boxes to family and friends. Would be ideal for Christmas. PROBLEM is that AussPost charges a minimum of $7.20 for anything larger/heavier than a letter or document...

Came across this company while researching. It is based in Adelaide and handles retail property development for clients and their services range from feasibility all the way to sales. From personal experience this kind of company can be invaluable to developers. So if you are...

The shower of a 20 plus year old IP in Shalvey (west Sydney) is leaking. Initially the tenant told the PM there was a leak in the bathroom so the PM got a plumber to check it out. The plumber changed a few washers, fiddled around and invoiced me a hundred and something dollars. The leak...

In the process of abolishing gas and electricity for a development in Albion 3020. (all the sordid details in this thread http://somersoft.com/forums/showthread.php?t=86383) and getting a little confused and more than a little frustrated. The tenant had both acccounts with retailer Lumo...

Always knew that tenants pay for water consumption in Victora but was under the impression that landlords pay in other states. Did some digging around and it looks like NSW Tenant pays "if" -the rental premises must be individually metered (or water is delivered by vehicle, such as those with...

Planning on buying a 3 unit/townhouse development site S.T.F. (subject to finance) early to mid 2014 in sunny Melbourne. Listed a wish list of requirements of a good development site below. Must Haves -allow a profit margin of at least the magical 20% -maximum price of $400,000 -at least...

Walk score is basically a judge of how easy it is in a suburb/city to walk to local amemnities such as shops, transport etc Thee is an interesting website called Walk Score that ranks cities world wide and surburbs within those cities for their walkability...

Good morning :) I have a mate who lives in Sunshine Melbourne who is looking a BA to help him buy an IP in Sunshine/West Sunshine/Albion. His budget is $300-350k (a little tight) and he is looking for a house with 500-600m2 land or more. Done a search on the forum and the most recent...

As expat from Melbourne, The Age has been my window to the world and source of news for both Melbourne and Australia for years. Every day I religiously sit down and read it during my lunch break. Every day until today when I was rudely asked (forced) to pay up after reaching a new monthly...

Lately Frankston North has been hopeless for investment where as Shalvey, Letheridge Park, Tregear etc have been doing well. I have an IP in FN that I am REAALLLYYYY tempted to get rid of an a place in Shalvey that is doing great. This thread started by Investor2009 is about similar issues...

Doing some research learning about potential development blocks and came across this one. It looks doable to me but my knowledge and experience of developments is minimal so I'm very curious to what people think of it in terms of doability as a worthwhile development...

The Property The property is a 603m2 (15.25m x 39.6m) block purchased in 2005 on King Edward Ave Sunshine for around $190k. The house is a 3 bedroom dump rented for $250 a week that is only tenanted because it is the cheapest place in Sunshine. RPData gives a value of $375k and the local PM...

Does anyone know or have an idea on what the current waiting times are now at VCAT to get a hearing date? I heard from a reliable source (supposedly) that the current waiting period is around 10 months:eek: With expenses piling up, waiting 10 months for VCAT to can your development or push...

I have a very close Chinese friend who is a step away from buying an apartment in the Central Park development. I think she could be making a very expensive mistake so I’m doing some quick DD for her. Size – total 55.5m2, internal area 46.9m2, loggia/balcony 8.6m2 Price - $560,000 Location...

A Complete Granny Flat Build Thread Background Near the middle of last year I was ready for my next IP and did a lot of research and number crunching on what kind of IP to get. The main goal was a decent yield/cash flow with CG a close second. Ended up going for a house and GF. Signed up...

One interesting and useful way of trying to analysing where a suburb/city is in the property cycle is to look at a graph of 10 to 20 years of meidan prices. Simple enough and most people know this. The problem I'm having is finding data in median prices for the last 10 to 20 years...

Doing some research on backyard subdivisions for a strategy I have in mind and came across this company thats make me cringe. http://www.sellyourbackyard.com.au/default.asp Basically if you have a backyard that is big enough to be subdivided, they will buy your backyard from you, subdivide...