Sign in to follow this  
Followers 0
Dose

Just buy, allready!

7 posts in this topic

New thread.  Tales of Danger, Inconvenience and Loss to worry The Renter.

 

Episode One:  Greens will win.  Yeah...Riiiiight...

 

Luke Fennell has had good experiences with landlords, including his current one.

But one previous rental on Sydney's lower north shore turned into a horror story for the 47-year-old engineer and his wife and two children

http://www.smh.com.au/money/saving/how-tenants-can-protect-themselves-from-nightmare-landlords-20160623-gppvfq.html

Share this post


Link to post
Share on other sites

There are some annoyances with renting, but I think the annoyances are far less than having a mortgage.

 

For example, the place I'm in at the moment has pipes that burst about every six months (underground). I get hit with a high water invoice but the owner gets hit with emergency plumber rates for the maintenance. It would also have to be bad for the house foundations. If there are other maintenance issues the real estate agent may drag their feet a little bit but do get it organised and I don't pay for it.

 

 

It really comes down to the contract (lease) and how much you're willing to deal with disputes in tribunals like VCAT or commence civil proceedings in a Magistrates' Court.

Share this post


Link to post
Share on other sites

There are some annoyances with renting, but I think the annoyances are far less than having a mortgage.

 

For example, the place I'm in at the moment has pipes that burst about every six months (underground). I get hit with a high water invoice but the owner gets hit with emergency plumber rates for the maintenance. It would also have to be bad for the house foundations. If there are other maintenance issues the real estate agent may drag their feet a little bit but do get it organised and I don't pay for it.

 

 

It really comes down to the contract (lease) and how much you're willing to deal with disputes in tribunals like VCAT or commence civil proceedings in a Magistrates' Court.

Sounds like the LL just patches things up which will cost more in the long run. You shouldn't have to pay high water bills because of the LL.

 

I'm a terrible land lord. I should take myself to the tribunal. It takes me far too long to fix things because I'm lazy and don't want to spend the money.  

 

I had a leaky tap and eventually got around to changing the washer. Didn't fix it - dumb arse lazy BIL plumber said I probably need the taps reseated. Got a plumber out. It was just the washer, but the hot water washer - because it was a slow leak the water was cold by the time it got to the tap. Lesson, always change both washers.

 

The bath drain was leaking. Kind of convenient because the bath is directly above my downstairs toilet so I could take a sh*t and a shower at the same time! Zaph's solution - don't use the bath. Eventually got the plumber out to fix. Had to smash up my downstairs ceiling to get to the pipes. Too lazy/tight to fix the ceiling.  

 

Mum realised we've been using the same plumbing family for three generations now!

Share this post


Link to post
Share on other sites
Quote

Australia's 'spring-selling' real estate season has seen a defiant return of Chinese buyers, undaunted by lending restrictions aimed at curbing their interest in the country's sky-rocketing housing market.

Financiers and real estate agents say Asian investors have found new avenues to re-enter the market, including targeting cheaper homes and settling in cash.

http://www.smh.com.au/business/the-economy/foreigners-pile-back-into-australian-property-reigniting-bubble-fears-20161124-gsx97i.html

Not sure if this is yellow peril or just buy.  I guess one in the same?

Share this post


Link to post
Share on other sites

Difficult to tell what the real truth is whenever RE industry comment on the market. 

According to them there is always sky-rocketing demand!

Share this post


Link to post
Share on other sites

... and yet another year topping the charts.

Here Are The World's 10 Least Affordable Cities Of 2017

http://www.zerohedge.com/news/2017-01-23/here-are-worlds-10-least-affordable-cities-2017

Spoiler:

1. Hong Kong

2. Sydney

3. Vancouver

4. Auckland

5. San Jose

6. Melbourne

 

I'm assuming this doesn't cover countries like China and Russia and I was under the impression that places like Beijing, Shanghai and Moscow would be in the list.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0