Thanks for the feedback.At the moment, it looks like a decent purchase. The price doesn't appear to be inflated, judging by recent sales in the area and current ask for similar styled units.Of course, if prices soften when it comes time to settle, it is still going to hurt. However, the area appears to have potential (around Parramatta – which…[Read more]

hi nick.

name’s nickey I’m in a similar situation as yours. 25, and looking to start investing in property.

i don’t know about other ppl, but I’ve learnt a great deal from visiting my local Mortgagechoice broker. I think thats a good place to start, and they should be able to help you out in most aspects.

I’ve talked to a Aussie home loan…[Read more]

The reports offered by Residex looks rather promising, and it seems to be what I’m looking for.

Unfortunately it doesn’t seem they have complete data for WA, mainly NSW and QLD.

Has any other forum readers used Residex before?

brc,

brilliant! that was exactly what I wanted to know. thanks!

Dazzling,

I’m not nitpicking on the 11 second solution. I wanted to know how it works out an approx. return of 10.4%

I’m new to the world of property, and investing in general. A tool like that (11 sec sol’n) would certainly be helpful in filtering out a huge chunk of properties out there. But I’d like to know how it works out the return, so…[Read more]

i know what the formular is from the book, but i wanted to know how exactly it provides a gross rental return (ignoring other factors)

e.g. why don’t i divide by 3 instead of 2, or multipy by 2000 instead of 1000.

incidently, why isn’t the formula just the weekly rent multiply by 500. isn’t that simpler ?