Well that went well, Tenants found for our new place :)

Discussion in 'Investment Strategy' started by Dan Donoghue, 7th Dec, 2016.

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  1. Dan Donoghue

    Dan Donoghue Well-Known Member

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    The seller very kindly allowed us early access to take prospective tenants through and we have agreed upon a family moving from Sydney for work.

    Husband and Wife 55 and 51yo and son 16yo. No pets.

    My yield is 4.853% which I am pretty happy with :).

    Due to the early access we could get it all happening quickly. We settle on the 12th and the tenants move in on the 15th, pretty handy timing :).

    Average yield for a house in the area 4.48%
     
    Dan Donoghue, 7th Dec, 2016
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  2. Al1979

    Al1979 Well-Known Member

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    What suburb Dan?
     
    Al1979, 7th Dec, 2016
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  3. fols

    fols Well-Known Member

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    Always a good feeling, nice work!
     
    fols, 7th Dec, 2016
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  4. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Dan Donoghue, 7th Dec, 2016
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  5. larrylarry

    larrylarry Well-Known Member

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    Great start. I suppose this will be your home in 2 years so returns aren't most concerning but CG mid to long term.
     
    larrylarry, 7th Dec, 2016
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  6. Wukong

    Wukong Well-Known Member

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    Congratulations @Dan Donoghue

    well on your way to living the dream
     
    Wukong, 7th Dec, 2016
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  7. EN710

    EN710 Well-Known Member

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    The house look amazing!
     
    EN710, 7th Dec, 2016
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  8. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Thankyou :) it's a lovely renovation and will make a nice PPOR, it's a strange shaped block and no unlockable equity but that doesn't matter for a PPOR :)
     
    Dan Donoghue, 7th Dec, 2016
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  9. kierank

    kierank Well-Known Member

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    @Dan Donoghue, PM me your postal address and shirt size so I can get you a maroon shirt.

    Only losers wear blue shirts up here :) :).
     
    kierank, 7th Dec, 2016
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  10. big max

    big max Well-Known Member

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    Nice! Prices mermaid waters are poised to go nuts next couple years. So very good news. Can you disclose address (of street where you bought?)
     
    big max, 7th Dec, 2016
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  11. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Frascati Street, about 400 metres from pac fair :)
     
    Dan Donoghue, 8th Dec, 2016
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  12. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Already switched to maroons at origin and titans in the league :)

    Oh and I have been drinking xxxx for years, I've always been a qlder at heart ;)
     
    Dan Donoghue, 8th Dec, 2016
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  13. kierank

    kierank Well-Known Member

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    In that case, you will get through immigration at the border and be most welcome up here.
     
    kierank, 8th Dec, 2016
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  14. jins13

    jins13 Well-Known Member

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    Excellent @Dan Donoghue! Always nice to get tenants in at a tough time of the year to get tenants in.
     
    jins13, 8th Dec, 2016
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  15. big max

    big max Well-Known Member

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    I've always been a Crown larger drinker. Funny all the people telling me that's an old mans beer (all the youngsters drinking tooheys light dry blonde or whatever it's called ...).
     
    big max, 8th Dec, 2016
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  16. big max

    big max Well-Known Member

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    Nice. Pac Fair underwent an awesome renno and is great for shopping dining. Broadbeach right across the road is awesome. Then down to the local surf club (good for a meal and beer etc) down to the awesome beach. Left to surfers and right towards Nobbys. Casion also being revamped and inland straight to Robina and hinterland and the connect to highway up to Briabane. Well done!
     
    big max, 8th Dec, 2016
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  17. D.T.

    D.T. Specialist Property Manager Business Member

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    Good one Dan. Let the games begin ;)
     
    D.T., 8th Dec, 2016
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  18. sharon

    sharon Well-Known Member

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    Congrats on getting your tenants sorted. Looks like a great location too.
     
    sharon, 8th Dec, 2016
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  19. Dan Donoghue

    Dan Donoghue Well-Known Member

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    I drink XXXX Gold because it's mid strength and I mostly drive when we go out :). This will of course change when we move up there because you can walk to EVERYTHING from this house :).

    If I am drinking for taste I will mostly drink Jap beers (Sapporo, Asahi, Kirin) :).

    I also like to throw a black beer in there now and then for a nice rounded heavy flavour :).

    We did go to the new Pac fair when we came up for the auction, bloody hell what a reno, the place is amazing and the bar up top is very nice :). Super keen to join the Surf club when I am up there in January Also keen to try Apres Surf for a drink and Easy Street Diner for a burger :).

    We did try Little Mermaid Cafe when we were up there but were not massively impressed, trendy look but not a great experience.

    So much to find and try when we move up there, 18 months simply can't come quick enough but when you have a depreciation schedule at $1,000 a month, I would be foolish to move now and throw that away (Besides, I don't think work will let me go just yet)
     
    Dan Donoghue, 8th Dec, 2016
    #19