This will be my second IP (have 1 in Ballarat). We have managed to pay off our PPOR and currently have some funds available for another IP.I have been looking at the west as it is generally more affordable and the area seems to be growing.

hmm… thanks for the comments. Would you say the same thing about Werribee or is it a 'safer bet' as it is more established, eventhough it is one of the adjacent suburbs.

It is a 4Br house, land size is approx 456m2. Asking price is from $340K to $360K

yes… there is a lot of new houses coming up, howver it looks like there is also decent growth over the last few years as well. There is a planned expansion of the nearby Weribee plaza and Tarneit is due to receive a new train station in 2014.

Hi,Just wondering how you would define a rooming house… if you have a house that has 7 rooms, and you get the 7  tenants to all sign the lease agreement would that be considered as a rooming house ?

Thanks again Mike for the report!

thanks

Hi Andy,Thanks for the post… I'm more comfortable if I am advised / consulted on any repair work before they are actually carried out by the agent.

Hi Mike,Thanks for the report !Cheers,Andrew

thanks for clarifying

Hi Terryw,I also currently have another property that is solely under my name… does this mean that it will also be part of the trust ? (as there does not seem to be any distinction between between purchasing under my own name or under the trust)Eg Current place of residence is purchased under Richard Smith       Investment property purchased…[Read more]

Thanks for the advise Jason.

Thanks for the reply…. thats what i thought it should be.I 'assumed' that the name on the title would be ("my name", as trustee for "trust name"). However my conveyancer says that it is ok just to put my name down on the land title… with no reference to the trust at all.If this is the case, and assuming that in future I want to buy another pro…[Read more]

Thank you very much (again)  Mike ! We now know roughly how much our IP is worth.

Hi Mike,Thank you very much for the report !Regards,Andrew