在澳大利亚 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 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
I,m building an IP and would appreciate suggestions on any extras to put in the house to attract a good tenant and a good rent.
Last time I put in security screens, tv and phone points in each Br, ensuite, double lockup garage, curtains.
I was thinking of pay tv, and anything else you can suggest would be greatly appreciated.
Talk to a few PM's in your area - they will be able to tell you what is in demand at the moment.
Personally I think
2. Quality of property i.e. state of repair, paint job, kitchen
attract tennants, in that order.
i.e. your joint may have all the do-dads in the world but if it is nowhere near public transport or good amenities......forget it.
Depending on the location of your unit, a reverse cycle a/c unit might help.........or trying to ensure that you have more than one carpark space per unit. This is a strong point when in high density environments as people do not want to park their vehicles out on the street.
It does depend on your area.
On a local unit, on a 1BR bottom of the market unit, I've fully furnished it- with hifi, TV, DVD, leather lounge etc. It was semi furnished before. Spend was $2K- it's allowed me to lift the rent from $105pw to $150pw.
I expect the fittings to have a maximum of 3 years life.
But this is an area at the bottom of the market locally, and where furnished units are very sparse. Other areas in Canberra are well saturated.
Originally posted by geoffwGeoff, any time you want to come over & furnish my place you're welcome
I've fully furnished it- hifi, TV, DVD, leather lounge etcClick to expand...
OK, forgot to mention- it was a 1BR unit.
Bed, table, stove, microwave, bar fridge, washing machine, TV cabinet and table were included already.
OK, sofa, chairs, and coffee table were also included, but too tatty to leave in.
51cm TV $249
3CD hifi (mini) $299
DVD player $150 (OK, I could have got better- but it was a package)
VHS player- I forget- about $150?
Leather 2 1/2 seater lounge- $1050
coffee table $100
two chairs $50
All arranged on extrremely short notice- < 1 week between vacancy and first letting- I was pleased with the result.
Spend $2000, get an extra $45 per week in rent, makes the return on your money 117% in the first year. Not bad!
Originally posted by kylie500I was pleased with that result.
Spend $2000, get an extra $45 per week in rent, makes the return on your money 117% in the first year. Not bad! Click to expand...
Even outperformed Steve Navra's most optimistic share markert result!
So where are the photos geoff??
We'd love to see the furnished result
Sorry Ruby, I didn't take a photo of that one- and now the tenant is well entrenched.
But it's not as if it's a reno or anything, just some furniture.
I read a recent article on Domain which introduced the theory of SAD to attract tenants.