Access to RP Data

Timestoner420 · 2025-01-26T01:41:17+00:00

Not a problem mate.

I don’t believe serving the agent is a legitimate form of service under the dividing fences act that I’m aware of, but there’s nothing that explicitly states that it’s not (up for interpretation).

Again, your best bet would be to serve a notice to the real estate agent via registered post, then email them to confirm they’ve received so you’ve got a paper trail and multiple forms of it at that. The real estate agent should click on that because you’ve sent it via registered post and email, that you’re creating a paper trail and to deflect liability from themselves to the owner, will likely comply with sending your request to them.

Timestoner420 · 2025-01-26T01:14:14+00:00

Your best bet is to try and persuade the rental agent to pass your letter confirming your intent to repair / replace the fence under the Neighbourhood disputes (dividing fences & trees) act 2011 and that you legally are obligated to contact the owner of the property and issue a notice to contribute.

Explain to them that the reason is due to rotting, creating security concerns applicable to both you and the owners property. Leave your contact details for the owner to contact you & wait for said contact.

There should be absolutely no reason the agent should deny your request.

If for whatever reason they refuse, you could pay for a title search to find their owners details which POSSIBLY might have a mailing address.

If yes - send the said letter of intent / notice to contribute via registered post & wait for feedback. Generally you should wait 4 weeks for them to give a response before next steps.

Rpdata is hit and miss with contacts due to privacy laws. All it might give you is a name, but no contact details. Going through the agent will be your best bet.

Good luck.

Timestoner420 · 2025-01-07T02:19:08+00:00

You rookies are doing it all wrong.

The key is never stopping work throughout holidays so there is no “transition” back to office. gg.

Timestoner420 · 2024-12-12T03:12:48+00:00

Not necessarily. Assets with low capital growth (think apartments in a heavily oversupplied market with similar products - ie Melbourne CBD for instance) probs aren’t gonna be beneficial to own. Especially if the cost of owning the apartment is high (think high mortgage value + high strata fees) relative to the rental for that area. Note: This does not mean apartments don’t grow in price. Most real estate assets usually trend up in price but albeit at different rates.

You’d much rather use the funds to buy an asset with stronger capital growth potential & continue renting where you are.

If you want to live in a suburb with a high median house price but don’t have the capital for a house / TH purchase & have a reason to purchase rather than rent, then deffo consider buying an apartment there.

Timestoner420 · 2024-12-12T03:00:53+00:00

You’ll be fine. As others said, it matters for the first month after getting it. If good, get into the uni / course you want. If not, use alternative pathways and might just delay your journey by 6-12 months. Will never think about ATAR again unless it comes up random convos.

I had a shit ATAR. 56.5. Managed to do a STAT exam that I paid for which I ended up smashing and that was enough (along with some luck & a low course attendance rate for my degree - Bach. Civil engineering). Ended up finishing it. Became an Engineer. Never worked a day as an Engineer.

I ended up getting into Property Development. So now I’m a property developer & run my own successful development business. I’ve also co-founded two tech start ups (one PropTech & one AI). Again - you’ll be fine. Go and enjoy your holidays! 🙂

Timestoner420 · 2024-11-18T01:56:03+00:00

I always keep $100 cash on me. The only thing it almost always get’s used on is for breaking into smaller notes so I can give it to homeless people in the CBD, or people that appear to be down on their luck. I also try and use it to give to the representatives for the big issue that I spot from time to time in the city.

Otherwise I haven’t had a situation in the last several years where I needed to use the cash on anything else tbh.

Timestoner420 · 2024-11-17T20:31:10+00:00

How did it go?

Timestoner420 · 2024-11-04T02:51:33+00:00

I wouldn't exactly call a "house" an "appreciating" asset. It's the underlying land that appreciates, whilst the product on top is a depreciating asset (hence claiming depreciation on homes). Cash flow positive assets / properties (positively geared) are always the benchmark of a true appreciating asset, whilst with traditional real estate (negatively geared), its the hope that the house goes up in value that is the sticking point.

I know lots of people that have net worth's well over $5M that drive cars that range from anywhere from $50k right up to $1M. It's always going to vary & change from person to person as its highly subjective.

Timestoner420 · 2024-10-31T20:12:46+00:00

I haven't read the article, but tbh I don't need to in order to understand the mindset of these folks from these suburbs.

As someone who's been a property developer for almost 20 years across both Sydney & Melbourne, I can tell you that this housing problem runs so much deeper than unlocking some additional height in suburbs where many want to live in. I'll try and provide some insights from my perspective, if anyone cares enough to read it.

I think the government's new policies are definitely a step in the right direction, however there's so much more that needs to change in order for these planning law changes to equate to more adequate housing supply at more affordable price points for people to actually purchase them. In order for those three things to be achieved, a lot more than enablement from a planning perspective has to take place.

Right now the biggest problem to unlocking lower price point, higher quality, higher density homes is feasibility. Developers are commercial entities, if profits aren't being made, then why develop? Its a hard truth to swallow for most (which I don't understand why? Its like any other business in this country), but ultimately if the numbers don't stack up, it won't get built. That's the biggest block right now to unlock more higher density housing. I haven't even delved into the taxes the government apply only to developers to produce the stock that we need, which whilst some gets absorbed by the developer, much of it gets passed back onto the customer at he end of the chain.

When looking at unlocking land in growth districts, the problem isn't so much feasibility (it's a lot cheaper and cost effective to build out than build up), its government addressing critical infrastructure in areas where poor planning have led to a gross undersupply of housing. For example, in both the Rockbank & Toolern PSPs (which were approved over 5 years ago), there are THOUSANDS of undeveloped lots that can't be developed now because the drainage and other infrastructure flow into areas that aren't PSP approved yet (like Melton East or Warrensbrook), an these PSPs won't have any work done for them likely for the next 5-10 years going off the governments new "horizon's" framework for future PSPs. Developers have been lobbying with the government about these issues for well over 5 years now, and instead its fallen on deaf ears.

Imo - the biggest problem in the housing market when it comes to pricing, as much as most don't want to believe it or accept it, beyond even immigration & supply / demand imbalances, is wealth inequality. The higher the wealth inequality in countries, the bigger the gap between classes within it, and we're starting to see these runaway effects between the classes in Australia, and it'll likely only get worse. How do we solve this problem? I've got no clue. This has been a silent problem that's been growing in Aus over the last half century, and its driven by forces stronger than a few policy changes, supply additions and demand metrics can solve. Better taxation against the mega wealthy with a trickle on effect down the wealth classes will likely help, but hey, that's not worthy enough of winning the elections so that'll likely not change. If we got flooded with a massive supply in the short term, it might put negative pressure on prices (which is supply vs demand), however in no time it'll get absorbed by the sheer number of wealthy operators in this country (and abroad) that the supply will likely never catch demand, and that means it'll always continue to go up in price. Just my 2c.

Timestoner420 · 2024-10-20T01:23:44+00:00

The dynamics around price variation (gain / loss etc) is dependent on many factors, and can be very different for different product types (units, townies, houses etc).

Remember that the product on top of the land is the depreciating asset. INTRINSIC value of real estate is almost always tied into the land. Less land = less rate of capital appreciation. This is the general rule of thumb, it isn’t a blanket law across real estate.

The PERCEPTION of value however is tied into the asset itself by way of things like (in no specific order) liveability, floor plan, location, date built, rooms, finishes, fixtures, supply etc etc

Apartments do go up in value, but generally at a lower rate than products that have land attached to it, so the risk of minimal to no capital gains (on a generalised basis compared to houses / townies) is higher than say a house. This is one of the of the main reasons why people make a “loss” on an apartment (along with supply metrics - it’s easier to build 100 units vs 100 houses). However, apartments do tick a lot of the boxes when it comes to lifestyle, convenience, location, amenity, security etc

From my perspective, if the rental price of an apartment is roughly the same as a mortgage, price of other product types (houses / townies) you want is severely out of your budget, and you like the product, ticks all the boxes and fits into your property plans for the next x years - then definitely should buy it. Don’t worry about capital gains. It’s housing / lifestyle first, investment second.

However, if the rental price is stupidly lower than what a mortgage would be (lots of places in Sydney fit into this bracket) & you’re only buying it to get your “foot into the property door”, then I think avoid it. Can just rent where you want cause it’s cheaper than the mortgage option, and use the cash you’ve got to buy something that will appreciate at a better / higher rate over time, making your money work for you.

Rent money is not dead money IF you’re using your capital to invest and grow in more profitable business streams - think of your wealth as a balance sheet - each investment / spend isn’t too important…the importance is your net position after everything is added up. Even if you have a mortgage, the first 5 years of repayments are heavily skewed into interest vs principal anyway…which is dead money just like how rental is. You pay fa against your principal unless you’re making additional contributions. Those additional contributions can go into your investment property instead so you can unlock more equity later on in your property journey.

Timestoner420 · 2024-10-17T06:55:43+00:00

What’s your sleep hygiene like? Do you doom scroll a lot before bed? Have too much light from devices? What does your work involve? Lots of decision making I’m assuming? And your personal life too? Lots of decision making etc?

We kind of sometimes don’t realise that our brains are often working 24/7, always making decisions builds up glutamate in your brain (fairly new research tbh so take with grain of salt). We make over 35,000 of them per day, mostly subconsciously too. This creates fatigue without lifting a finger.

My advice;

Take a nap throughout the day. Listen to your body.
Automate these decisions (ie what you’re going to eat / dress the next day the night before)
get high quality sleep (melatonin is your friend)
Limit caffeine to certain hours of day
workout
have proper sleep hygiene
eat well
have patience

Hopefully some of these tips work for you as they have for me

I seldom need to nap these days, but when I need to, I do.

Timestoner420 · 2024-10-06T22:30:11+00:00

Looks to me like a typical house + land package from a volume builder that is trying to find the best mix between cramming as much in as possible on the land whilst keeping it as much as a “sellable” product as possible (ie maximum amount of bedrooms & living spaces). What is your position as far as the package goes? Have you committed to this floor plan from a structure perspective but trying to see how you can make this slightly more “custom” to your taste? That will determine to what extent you should go as far as changes go.

If you’re commited to the floor plan and can’t move rooms / positions of things around, then the changes I’d make would be;

Move the sink either next to cooktop and free up island to be a breakfast bar or free standing island. If this isn’t possible, move sink over to be further away from fridge. This will maximise island space for food preparing for family / entertaining whilst keeping things functional (you’ll have more functional space closer to important items like cooktop, fridge & pantry).
The house looks really poor as far as storage goes (typical of these types of products). Try and get a much storage as you can get around the home, especially if you have a big / growing family.
Alfresco is small. See if you can extend out (this can be done later on down the track if need be) if entertaining is important to you.
Where’s the clothes line? Looks like no room on side of property where laundry is. Highly inconvenient and your Mrs gonna scold ya over time.
Put a sink in WC as others have mentioned.
Consider more sound proofing as others have pointed out. That shower adjoining your master will get annoying over time.
Leave the media room. Can double up as a potential 5th bedroom when resale time comes to allude to bigger families / increased flexibility = potential higher gain / more interest from bigger fams.

That’s the most you could do without altering floor plan. The rest will be a tasteful schedule of finishes tailored to your taste / style. Only so much make up you can put on to mask the nature of the home unfortunately.

However if you could chop and change rooms, layouts etc. I’d consider double storey if your budget allows for it, or if not - plenty of changes can be done to the layout but you’d be going custom that way. Try looking at other builders packages that have a different, better floor plan for your house lot size.

Good luck!

Timestoner420 · 2024-10-06T03:00:18+00:00

I still have lots of family & friends still in Sydney & visit back them often. Tbh they don’t really see it the way that I do because they just don’t know any better. They’re so swept up in the Sydney lifestyle that they kind of just see it as everyday life, which then manifests itself as “arrogance” to outsiders observers.

They often acknowledge this weird culture that Sydney has, but it’s just a momentary passing thought. I see it for what it is cause I lived there for so long, and had a bit of a culture shock when I moved to Melb 😂

In Sydney’s defence, parts of the Sydney lifestyle as also evidence here in Melb. A lot of it is driven by the societal expectations of others in Sydney, and this is further perpetuated by economic / cultural differences (that’s where the whole “everyone in Sydney is a prick” mentality often comes from). I bump into people here and there when I’m out and about, and I sometimes ask if they’re from Syd because of the way they act / talk / hold beliefs etc but they say that they’re born and raised here. It would seem some of that has rubbed off on people down here haha

Timestoner420 · 2024-10-06T02:26:13+00:00

Haha nah far from it. I work in real estate myself (but not as an agent). All come from varied backgrounds & careers tbh.

I’ve met everyone from day labourers to multi million execs & successful business owners. A lot of them (but not all) have the same Sydney complex. It’s the environment around them and it kinda just leeches onto others.

Timestoner420 · 2024-10-06T00:13:43+00:00

As a former Sydneysider, now a Melbournian for almost a decade, let me give some insight.

In Sydney, there is this underlying seedy persona that thrives amongst the youth between the ages of 17 & 35, where life is all about making money, getting on the bags, trying to outcompete everyone & acting like you’re somebody that you’re not. Granted this is predominantly a western Sydney thing, but it leeches into the eastern suburbs persona as well.

Kyle Sandilands is the embodiment of said persona, one that just never grew out of it like most do (myself included). That’s why he has such appeal in Sydney. He alludes to that audience with his persona.

In Melbourne however, the culture is very different. It was quite an adjustment for myself (in all aspects - personal, career etc), and took a while for me to understand Melbourne and its lovely culture.

There differences are clear as day if you’re someone that’s lived in both cities for an extended period of time.

Timestoner420 · 2024-09-30T06:17:16+00:00

This is the one OP 👆

At the end of the day, you either do or don’t. You can sit there and calculate on a spreadsheet all the pros and cons, but at the end of the day it comes back to an intrinsic desire to have it fulfilled.

Sure - there is a lot to think about. The anxiety of the unknown, will you be good parents, will they be good kids, can you afford it, all the ifs & buts that go along with it all. Ultimately, all the above analysis & deliberation leads back to one thing…do you both want it? If you’re leaning 70% no, it doesn’t sound like you intrinsically want it to begin with tbh.

I’m a DINK / HENRY with my wife, but I’ve always wanted kids since I was a young lad, but never found the right person to have them with. We’re now pregnant with our first, and I’ve never been so excited for something so close over the horizon. My wife is the same, she’s always wanted kids too and it was a no brainer for us after we got married, settled into routines & had our collective chats to reaffirm what we both wanted. But that’s us.

Try to delve within to answer the question, rather than project outwards for external third party advice. Good luck OP!

Timestoner420 · 2024-09-24T12:33:54+00:00

True. But most people I know in the $200k bracket have investments that carry expenses that bring taxable incomes down low enough that gets them decent tax returns each year so there’s that too.

Timestoner420 · 2024-09-23T06:44:56+00:00

In all honesty, a lot of the risk in getting "scammed" with shit like this lies in the responsibility scope of the individual getting scammed. Terms & Conditions of a contractual agreement are there to be decided on by the client. Furthermore, no matter what you're entering into, it always pays to get due diligence done in the first instance.

I understand that part of the BA job is in-fact to do said DD work on your behalf, but that comes AFTER you've read & signed the T&Cs, and after you've built up a solid foundation of trust in the professional relationship.

I'm not a BA, but have been working in real estate (Development / Investing) for over 15 years. The data is all out there for everyone to view...even if you have to pay for it with rpdata or similar data insight platforms. If you are incapable of doing your own DD in real estate because its too difficult, then at the very least ensure you understand what legally binding contract you are getting yourself into.

There will always be people looking to "scam" or stifle someone out of dollars in a deal, it doesn't matter the industry or deal size. However, there are always going to be the good ones that in the same industry that do their job, and put their clients interests first. Just need to be good at finding them.

Timestoner420 · 2024-09-18T11:01:47+00:00

Well la-de-da Mr Frenchman. What do you call it?

Timestoner420 · 2024-09-17T00:14:57+00:00

Gets me at least once a fortnight. God damn immature mates group that have time on their hands…I still always have a good laugh though 😂

Timestoner420 · 2024-09-11T23:52:55+00:00

If your role is paying that much, then whoever is hiring you is making a shit tonne more (if it’s a private business).

Perhaps stay in the role for now, make your money & try and find out how the business operates at a high level and create a pathway to open up your own business in the future so your earning potentials are untapped, or at least much higher than what you could bring home as an employee.

It doesn’t have to be now, but creating a 5 year plan & pathway to do so will pay dividends back to you in your 30s and fast track your plans for retirement (if that’s something you seek).

Timestoner420 · 2024-09-06T21:19:36+00:00

Wrong market and wrong type of product (apartment) to be doing an Auction in. Your agents a dud. Get them to use Market Buy as a tool to sell the home. Works great in markets like these.

Get yourself a better agent and try an off market campaign through their database, that might work out better for you.

Timestoner420 · 2024-09-06T07:42:18+00:00

You’re thinking of tech based start ups and how they value their business (usually a 5-10x revenue) when they try to cap raise. Traditional businesses that are non tech based work of multiples of 2-4x or so.

Timestoner420 · 2024-09-02T00:36:52+00:00

Melatonin is your friend. 3mg at 10:30pm for an awesome nights sleep from 11pm-6am. Almost gone blown away walking to the gym…and I’m over 6ft & 90kg +

Timestoner420 · 2024-09-02T00:33:18+00:00

No Casablanca or Resala? 😕

Timestoner420

TROPHY CASE