Search results

Any tradie recommendations for kitchen reno in Sydney's Inner West Hi All, Can anyone recommend someone to replace the kitchen in my IP in Sydney (Inner West)? I'd like to get it done in between tenants and would be looking for someone to measure up, remove the old and install the new...

Hi All, Just looking at getting my accounts in order following my first IP purchase. In order to easily keep track of IP income and expenses, is it generally best to have a separate bank account for investment purposes (for rent to be payed into and expenses to come out of)? Any...

Hi All, I've got a bit of an issue with my new IO+Offset account. According to the bank, putting a lump sum into the offset account linked to my IO loan will not reduce the interest repayments - the minimum monthly repayment will not change. The offset will only have an impact if principle is...

Hi All, Our 2 Bed apartment (IP) in Sydney's Inner West has a very basic kitchen. The temptation is to rip it out and put in an Ikea/flatpack kitchen to make it a bit more appealing before we look for the first tenants. Having said that, is it worth the effort? I don't really have the time...

Hi all, I'm looking at a strata report which states: "We note the building is under insured according to the above valuation." However, the building is insured for the exact amount listed in the building valuation (building replacement cost). Why would this be considered under-insured...

Hi All, I have some questions about the impact of switching my loan from variable to part fixed. The loan for my IP is interest only with offset and a variable rate. If I were to fix a proportion of the loan amount while the rate is low, the fixed proportion will go into a separate account...

Hi All, I've made an offer on a strata-titled apartment and spoke to someone at the strata company to ask a couple of questions. I found out that, 6 months ago, the vendor had enquired about some type of building works or renovation and was told that it would require approval. The vendor was...

Hi All, I'm looking at an apartment in a complex of around 20. The complex is around 7 years old. On inspection, the property has a signficant number of cracks in the plasterboard walls and coving. Some cracks at the corners of the room, where the walls meet, are very large. One room has a...

Hi all, Even though I'm looking at properties with good access to public transport, am I shooting myself in the foot if I buy a property in the Inner West with no car space on title? Thoughts? Jaz

Hi all, This might be a little cheeky, but is there some sort of spreadsheet available which would allow me to play with some figures/scenarios and calculate the internal rate of return? Cheers, Jaz

Hi All, I'm looking for some advice on location in Sydney's Inner West and the difference in demand and CG when purchasing bigger properties in more affordable, neighbouring suburbs. Is it generally a better investment to purchase a larger, 2 bed flat in the "next suburb out" instead of a...

Hi All, Aside from the standard building and pest inspection, when buying an apartment, is it necessary to do further investigation of recent/upcoming building works, strata history etc? If this is standard practice, how is it done? Cheers, Jaz

Hi all, I'm currently looking at some well-positioned, 2 bed flats in Sydney's inner west (2x1x1) in areas with strong growth prospects. I'm running some ballpark numbers and it seems as though a property such as this could be up around CF neutral after 5 years. Obviously a statement...

Hi All, I'm looking to purchase my first IP for around 350-400k (interest-only loan with offset) and continuing to rent in the Sydney area (I don't own any other property). I am just trying to better understand how I will get to property #2. I intend on putting as much money as possible into...

Considering securing a block of land in a new estate with the intention of building an IP to hold and use equity to purchase a second property (I do not own a PPOR). Been looking at the local demographic data and also speaking with local real estate agents to determine what property is most in...

Hi All, Some recent discussions have led me to seriously reconsider what and where to buy my first property. I have been looking to purchase a 2-bed flat in Sydney's Inner West. This would serve as my PPOR. The intention has been to build equity with additional repayments and some capital...

Hi all, I have recently decided on a couple of locations to search for a property. Although I can find some appropriate listings on the real estate websites, I'm wondering what else I can do to try and find properties in these areas. I'm guessing that REAs don't necessarily list every...

Hi all, What do you think are the best web sites to use to find data to help with research? Been looking at economic data of suburbs, average incomes, average age of residents etc. Also number of sales, sale prices etc. I'm trying to build a list of go-to web sites. Any suggestions...

What questions do you guys always ask the real estate agent when you inspect a property for the first time? Do you have a core set of questions you run through? If arranging an inspection, (i.e. not an open house) do you always ask some of them over the phone first? Appreciate your input...

Hi All, Just looking at parts of Sydney's Inner West. Generally, would you guys say that it is better to buy in the "outer", less developed suburbs? I suppose these areas could be subject to a faster rate of capital growth (providing the drivers are there). However, I do like the some of the...