Hi Benny,

Rates and water are $800 p/q (so around $3200 per year) and body corp around $620 p/q ( so around $2500 per year).
There’s a gate at the front in a secure complex and the complex is relatively new.. build around 2007 on fryar road. It has the Eagle Tavern and shopping centre across the road.. it’s on fryar road.

Yield is what got bme…[Read more]

Hi Original Sinner yep my thoughts too – currently my annual loss would be around $2500 however over time (as rents hopefully increase), it will break eevn and ultimately be positive cashflow and you are right I can afford to wait.

Does seem undervalued and from reading various property magazines and general research I’ve been led to believe that…[Read more]

Hi Originalsinner – I am buying for $199100 and getting $290 p/w. Tenant seems alright.
Rates and strata altogether is around $5900 annually.
What do you think are the capital gain prospects for the area of Eagleby?

cheers,
ajay

Hello,

In the Erskine Park and St Clair areas, is there much more land available in these areas to build more houses?  That was my question regarding supply of houses in that area – is the governemtn approving additional houses to be built in Erskine Park and St Clair?  If not, there would be a limited supply of houses in that area, which…[Read more]

Hi Josh, I purchased a house in Tamworth in early 2011 and went for Tamworth because I thought it was better thatn Wagga Wagga.
I actually visited both places and thought Tamworth just seemed a better place to invest – both wagga ad tamworth were the regions I narrowed down to because I definitely wanted to invest in a regional town as I had not…[Read more]

Hi Luke – I bought a property in Tamworth in early 2011 – it was in West Tamworth on Mack Street which is I would say in that housing/Coledale area however on the better part of it.  I bought it brand new after it was constructed it was corrucated iron and have got a tenant in there… I bought it for less than $200k at the time and it is…[Read more]

Thanks Terry.  Anywhere in particular I can find out more about discretionary trusts?

Terryw wrote:
Not really. You will end up paying more tax as companies are charged a flat rate of 30%. Also no 50% CGT discount available.Look at discretionary trusts instead.

Catalyst wrote:
All sounds good in theory. In practice my Potts Point unit (TINY) has gone up 50% in 3 years. Had no trouble refinancing it last year at the higher price.7.9% yield. It's my most favourite purchase. Very low vacancy rates.

Hi Catalyst – just wondering, is yours the Crescent on Bayswater?

I would advise against buying reports unless there is a low fixed yearly cost to access a range of data.I tried RP data in the past and was extremely disappointed – they charged $70 for a useless report in one postcode location and when I told them I didn't get what I paid for, they said that's all they provide.Try http://www.onthehouse.com.au

Charlie_B wrote:
Hi everyone, I'm a newbie on this site and am enjoying reading about people's experiences here. I'm not yet an investor, but am just about ready to jump in the deep end. My situation is as follows:Am 36yrs and married with 2 preschool aged kidsHusband is paying child support for 4 other children from his first marriageI'm…[Read more]

Hi Japansuki, I recently purchased a property in Tamworth after investigating both Wagga and Tamworth as potential options.Both areas are good however I found Tamworth's facilities to be better spread out and better appear overall.I believe populations in both areas are roughly similar, and have solid/diversified industries, which should keep the…[Read more]

The agency could look for prior references on a property manager and esablish their track record of service etc.  Its may not always easy to ascertain I guess.But its the property manager (i.e. the individual) who probably makes the biggest difference at the end of the day.

cuteyoungchic wrote:
From my experience, it doesn't matter much who the Agency is, but the individual Property Manager.It's the Property Manager you're having a business relationship with, not the Agency.

Yep definitely agree with that.  You would think though, that the company hiring  a 'good' property manager has enough good judgement to h…[Read more]

Hi Robbie,I would recommend Tamworth – I recently purchased there.  You will need to look around hard to find a good property at your pricepoint however somewhere around the Westdale area would be recommended, but try to find something in a "better part" of the area.Regards,Ajay

Hi all,I was able to secure a tenant thru a local agent.All I can say is stick with the bigger and 'established' agencies with experience.  I went through a few recently and 1 was absolutely pathetic!Go with an agent that is solid and reliable!Regards,Ajay

RickH wrote:
Hi Ajay, I have had rentals in Qld before but this time wanted something with low outlay that generates immediate income. We purchased a renovated 3 bedroom house in south Kansas City Missouri. After proprty taxes, management fees ect we clear about $700 p/m. 1st payment went into the account the other day. I have not attended…[Read more]

In NSW under $500k i would say — granville- rosehill- tamworth (Regional)- wagga wagga (Regional)