Check out Homeworld, there are 2 storey dual occs priced at around $200,000 for both.They are project homes and are relatively cheap. Have a look at the Project builders in your state.

Yes, having Council approval does increase a valuation. Beware of properties that are sold ‘subject to council approval’ or ‘STCA’. You may not be able to get council approval if you purchase the property.
I have an example. 2 residential lots next door to each other, sold separately, valued at $300,000 each. Same lot as a townhouse site with…[Read more]

Kay,
we use very expensive paper.

What if there are no movie theatres in your IP town and the gardens…well no gardens grow there it’s too damn hot. What do I get my tenants? *gulp* A coffee mug with my face on it or better still my a$$.
Help.

Yo, that’s why I’m out there buying as many WA properties as I can. I ain’t waiting for July 1 !

Oh Wez…puhlease. Most of Sydney values have already dropped 10%.

If you are holding property for the long-term, surely, Tasmania, doesn’t have the fundamentals to be an optimal location to invest in property.

Why not? Is everyone leaving ??!! Are you saying no one wants to live there unless they are logging some forest??
My property is on the coast and in safe hands.

Yup, I’d buy the property Kay suggested rather than a hotel room. Be wary of anything that says it will guarantee your rent for a specified time. What happens after? I know of cases where the rent is dropped to half after the term is up.
I know there are small 24m2 studios in Glebe for $170k. Or you could buy a house in Perth (Beechboro) for the…[Read more]

Sounds like something a broker would do for you for free. I don’t see any advantage.

Kay Kay Kay Kay,
I’ve been doing this forever and a day.
Although I probably wouldn’t live in 90% of my locations, I’m getting +cf. Yes, I believe properties all have a certain amount of CG and where I buy I wouldn’t care if my CG was negative. I’m interested in cash flow and holding for long term. No my $35000 property does not need repairs !…[Read more]

I bought 2 properties yesterday.
WA house $35000 Rent $80pw and TAS house/duplex $80,000 Rent $160pw.
Yield 11.9% and 10.4%.
Don’t tell me they are NOT out there.

Good for you for investigating. Keeps us on our toes !

Valuations are not at all influenced by the LVR. Banks do not influence valuations unless they suck up and buy us a case of french wine…

Wezwaz,
Derek and IBuy answered your question correctly.

Ummm….

Yes I watched it. It was interesting to note that the ‘negative gearers’ were getting themselves into trouble. As for the lady that gambled, well she spent her equity on poker machines. It pays to be well informed. For the inexperienced ‘watchers’ it would have scared alot of people or made them more cautious.
As we all know, positive gearing is…[Read more]

If it was that easy wezwaz, then people like me would not have spent 5 years at Uni !
I like your thoughts on valuation though…

Good advice everyone.

Depends if you want to keep working or retire young and rich.
Meaning, capital growth property is more than likey to be negatively geared (keep working) or high rental return property CAN be cash flow positive which leads to early retirement. I like the country areas or anything +cf. I have many properties in country areas.
I wouldn’t trust a…[Read more]

I didn’t know Residex had rent reports, we use Residex for sales information.Could be helpful. I use Property Investor Magazine for generalised rent values across Oz. Or realestate.com.au for asking rents in any given locality.