Vic Wasteland Thread

[dezz]

Yeh that's where the money is - redevelopment. Tenants aren't bad there these days it's changed heaps man. 10-11 years ago was $140-$150 a week

A lot of effort though..

Any other areas you'd suggest?

[alr33x]

A lot of effort though..

Any other areas you'd suggest?

If you want get rich quick you'll need Henry K but when ya lose everything don't blame me!

other than that I think truganina in the right spot isn't too bad. Pockets of hoppers same big blocks future development etc.

And keep in mind you don't have to develop it just ave something with the potential for it as when the area improves builders will want it.

[dezz]

Valid points.

What kind of $ are we talking for one of these big block joints you're talking about, and are the houses on them rentable as is or they gonna need work straight away?

What kind of weekly rent $ are we talking?

[alr33x]

You'd rent it as is pretty easy for the majority. Price point I'd say $330-$400k upper end for something very desirable and unlikely youd spend that much. Rent not sure have to ask leasing maybe 300-350 per week depending on house condition & location

[Rekin]

Waste of money man and they charge like wounded Bulls for something you can easily do yourself or get help with from someone like me - for free.

Well not everyone has access to a top bloke like yourself!

My friend went through a Buyers agent and showed me the report. They would calculate the realistic value of the property & likely rental income. In essence, stop you from overpaying & find a property for better return.

Sure you can easily do yourself but doesn't sound like Dezz can be bothered.

The cost? A few percent of the purchase price of the house. So expect around 5-10k for their service, but the upside is the savings they can negotiate at auction.

I haven't used one personally but I spent every weekend looking for 4 months.

Time or Money - what's in your favour

[Miguelone]

Side note would prefer the Lexus but nobody seems to be buyin em so I'll dodge a future sc430 scenario

Been seeing a few Infinitis around lately...

[UNR33L]

How often should rent go up? I'm charging my roommate 175 a week based on agent saying 350 a week easy (for 2 peeps living)

Pretty sure he'll move out with his gf soon tho not sure what I'm gonna do then, I'd love to live by myself but dat extra income

I get the garage tho

Edited May 18, 2015 by UNR33L

[dezz]

You'd rent it as is pretty easy for the majority. Price point I'd say $330-$400k upper end for something very desirable and unlikely youd spend that much. Rent not sure have to ask leasing maybe 300-350 per week depending on house condition & location

If you wanna speak to them see whats realistic etc and we'll go from there... Procrastinated long enough, should get it happening sooner rather than later..

Tenants hard to come by these days or is the demand pretty good?

[Down_Shift]

Why is it that Everytime I see dezz's name it always reminds me of deez nuts?

[Miguelone]

Dezz nuts

[HEKT1K]

Cos he's a big gangster mahf**ka

[Leroy Peterson]

How often should rent go up? I'm charging my roommate 175 a week based on agent saying 350 a week easy (for 2 peeps living)

Pretty sure he'll move out with his gf soon tho not sure what I'm gonna do then, I'd love to live by myself but dat extra income

I get the garage tho

some/most contracts specify 6 months notice prior to price hike. $350 central clayton unit sounds pretty standard.

im over sharing a place with people. been doing it for ages. will most likely be solo bachelor-padding it up soon which also means full bills, so cuts to spending will be required. #budgetemergency

[Rekin]

Will be moving into my home within a month. Not sure whether to rent the second room...

[alr33x]

$175 for a room sounds steep as just cos the entire place would get $350 doesn't mean they'd pay half cos they only get one room lol but hey good for you but they are over paying big time!

Dezz yeh man easy from this weekend our team had 58 pending applications but the rent roll is quite large but yeh expect 2-3 weeks tops to find someone.

Pat my services are free for all .. That I like lol

[dezz]

Ive actually got a fat wad of cash, but im driving nothing. Ive been looking for an N14 Pulsar SSS for quite some time. Found a few that worked, but nothing has come through. Would get a Silvia or something, but I have no no claim bonus, as I've driven company cars for the past few years, and only had my Datsun 1200 insured for 3rd party property. So NRMA will give me a 50% no claim, and after this year, I can sell the car, get a fast car, and have my 60% no claim with some other company. *phew* did any of that make sense???

Sounds easy enough, find me one of these places you speak of and we'll get the ball rolling

[joeyjoejoejuniorshabadoo]

WTF is with that retarded insurance quote?

[joeyjoejoejuniorshabadoo]

Pun intend

[emts]

never do shared house again..

I had every horror story you can imagine.

Solo/missus is much better

[UNR33L]

some/most contracts specify 6 months notice prior to price hike. $350 central clayton unit sounds pretty standard.

im over sharing a place with people. been doing it for ages. will most likely be solo bachelor-padding it up soon which also means full bills, so cuts to spending will be required. #budgetemergency

ah yeah fair enough, we don't even have a contract or anything because he's a mate was just curious.

yeah it's good and bad, we tend to work as a team when it comes to cooking / shopping etc (insert gay marriage joke here) but then sometimes you just want the place to yourself as well

Will be moving into my home within a month. Not sure whether to rent the second room...

I reckon live in it by yourself at first see how you go / like it then decide, easier that way than the other way around.

$175 for a room sounds steep as just cos the entire place would get $350 doesn't mean they'd pay half cos they only get one room lol but hey good for you but they are over paying big time!

Dezz yeh man easy from this weekend our team had 58 pending applications but the rent roll is quite large but yeh expect 2-3 weeks tops to find someone.

Pat my services are free for all .. That I like lol

Nah he obviously gets free run of the place as much as I do, works out well for him as I'm the one forking out thousands on furniture and electronics etc that he can just use, only difference is I use the garage to park the car and he parks in the other driveway with his work car anyway.

Edited May 18, 2015 by UNR33L

[Leroy Peterson]

Nah he obviously gets free run of the place as much as I do, works out well for him as I'm the one forking out thousands on furniture and electronics etc that he can just use, only difference is I use the garage to park the car and he parks in the other driveway with his work car anyway.

yep, $175 for a full furnished place isnt too shabby. was paying $200 for a room in balaclava + bills 3-4 years ago. (mind you, I was paying a bit over half becoz uni lyf means passing the buck to someone with a job)