澳洲Australia property warning old electrical wiring | Sydney
在澳大利亚 Hi all, I currently have a PPOR and 10K cash in the bank which I plan to use as a deposit for a IP early next year. Is it possible for me to place this into my PPOR loan and then redraw the 10K when Im ready for the IP and then claim the int Hi Guys, Ive found a property that has mentioned two payments coming up of $1400 to apparently top up the admin fund and 2 have just been paid. Im looking at a financial statement (basically a balance sheet) for the strata and its all a bit
just thought i would point out a fact on old electrical wiring in houses.
It was common practice in NZ decades ago to install TRS wiring into property's. This is a type of electrical cable. The problem being nowadays the insulation is extremely brittle and if you have it you need to rewire the entire house if discovered.
this leads me to the main reason i brought it up. Alot of people Reno houses of this era due to wooden floor etc. So be on the look out for the wiring before you buy! Otherwise you could discover it during the reno and be up for several thousand to rewire.
I would advise getting a professional or an electrician to have a look and inform you of wether you have this wiring if you are to purchase an old house.
thanks but its to late I got one last november my electrician told me never buy a house with the old ceramic fuses as this type of house will need a rewire so take into account 5k for a rewire.
i just purchased a old house with ceramic fuses which had standard wiring in it and does not need a rewire.
Not all houses with ceramic fuses need rewiring. It just means that the wiring isnt real new. Circuit breakers have been common in Australia for app. the past 15-20 years. For older houses , getting an electrical inspection is a smart move.
In fact ive thought about adding this service to my existing business as im interested in property and also an electrician (admittedly, in a previous life but still hold my contractors licence)
By the way, what does TRS stand for in NZ? We have TPS here and the old rubber cable and before that the cotton covered black rubber that should never be disturbed if found in an old house.