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Tenant left for about a month now, but the electricity and gas are still connected? Is this normal?

Hi all, I'm currently in the process of installing a french door and fencing up the sideyard to create a nice little private outdoor area, accessible form the kitchen. Property has some nasty weeds around it, which I am planning to get a gardener to remove them. But question is, do I have to...

I want to fence up the sideyard, but major trouble is, the gas meter is within the intended fence, at the back of the house. I could relocate the gas meter to outside the fence, but it is 6 - 7m away. How much would this cost me? Property is an IP, and I don't know if it is connected to...

I'm going to embark on my first ever renovation project to draw out equity to fund my next purchase. I planned to open up the kitchen to a newly fenced up sideyard. Is my project milestone below advisable? Order a valuation (previous valuation was only 8 months ago, during settlement)...

Pure stupidity? http://www.news.com.au/finance/real-estate/a-chinese-buyer-has-forked-out-a-record-25-million-for-the-australia-108-developments-penthouse/story-fndba8uq-1227295381554

I just attended two auctions today, and was quite confused by what I saw. They are both double storey apartments in the same compound, just mere steps away from each other. Auction 1: Took place morning Completely unrenovated, but decent condition with only cosmetic wear Bigger backyard...

Hi all, I'm curious about this new world: commercial realty, and while I won't be dabbling in anytime soon, I thought it very strange that I could hardly find any reference of lease per calendar month on realcommercial.com.au (unlike realestate.com.au residential rent are mostly listed)...

Hi, I'm a fairly young and inexperienced investor, and I am currently considering renovating my IP to manufacture and pull out some equity for my next purchase. With interest rate so low and house prices driven so high, I am worried that a falling market would follow. Regardless (presence of...

It seems like the modern trend favours the ascent/ccontrast paint on one of the four walls in a room, living room, kitchen, etc. Do you think this is a brilliant way to add value, or this 'personalised' the renovation too much; non-neutral.

Hi, I am currently considering adding a backyard, or more appropriately, a 'sideyard' to my IP before doing a cash-out refinance. Right now the property doesn't really have a proper backyard/garden, so I am wondering by doing the following reno, would I add some value to maximise my cash-out...

Hi, I understand that mixed used allow the property to be turned into offices/shops, but what are the implication on capital gain? Ie. 1. If a townhouse is sitting on mixed use, does that make it more valuable as potential commercial developers might target it? OR does that make it less...

Dear all, it's only few months into my first ever IP, and my first tenant is acting up already. 1 month rent in arrears and property manager is issuing an eviction notice. My question is, when and how do I claim my landlord insurance? I know it covers all the rent defaults, and even two...

Hi all, I am considering buying an apartment as PPOR (currently renting) in Maribyrnong, either in Edgewater Estate area or Highpoint Shopping Centre surrounds. For IP, I already bought a house with quite decent land in Sunshine West (towards the Avenue, Callaway Boulevard side) and is now...

I recently settled on my first IP, and I'm just planning for my next purchase, which is for PPOR. I am a skilled migrant and my parents will soon get their Permanent Residency. I want to buy an Off The Plan apartment for us using the following: Mortgage: My name. Because parents no longer...

Hello all, I'm renting out my first investment property, and my property manager did not mention anything about hiring a professional vacate cleaning service, but I'm wondering if it is common for landlords to do a pre-rental cleaning? Any good ones servicing Melbourne area? What would be the...

Anyone else plays The Sims to test out their house renovation? I absolutely love it! The Build Mode is an absolute blast for all property investors. See the 'Build Mode' gameplay trailer for the upcoming Sims 4: https://www.youtube.com/watch?v=9KSFkcKBBMo

Dear all, I recently went unconditional on my first IP, all that is left is just to wait for settlement now. I'm just wondering if anyone could recommend a good property manager operating in the suburbs west of Melbourne? Is it possible to advertise the for-rent listing prior to settlement? The...

I initially signed on an unsually short 'subject to finance' clause under REA pressure and the fact that a rival purchaser is willing to go unconditional. Now that fleeting 7 days clause is ending, and the broker is asking for another week. (I mean, 7 days was insanely short to begin with)...

I just bought my first ever IP! The building inspector advised me today that there are excessive carbon build up at the gas ducted heater unit, and that it is highly dangerous. The house itself is 30 years old, and from the looks of the heating unit (Vulcan), I can guess it might be around that...

I'm going to buy my first IP soon. I have researched the suburb for more than a month and I have finally found a suitable one. BUT... Problem: Asking price that is just slightly out of my budget. Based on research, I do believe the lower amount in their asking range is actually quite fair...