Interested in why those two areas only? Are they properties being marketed for sale by the same company?

Excellent work Kent! Would be interested in a breakdown of the reno costs and what you found worked the best in terms of bang for buck.

Yes the market has been tough out in Logan.Comparing to early 2010 when I was looking with a 300k budget for houses in Logan there is significantly more choice and higher yield around today, the higher yield coming mainly from lower prices.

Jamie,I'm always looking Due to the amount of enquiry I have been getting in the <350k and <300k price brackets from investors, often looking around Logan because they need the higher yield as well, I've just adjusted my fee structure as a trial to make it less expensive to hire a BA for these investors. Can't say it's a large trend yet but it's…[Read more]

Hi Lmanley,I'm Happy to meet for an obligation free chat if you want to learn more about the industry, I'm willing to tell you all the positives and negatives you likely won't read about online! More information on this thread, also a search of the forum will reveal more…[Read more]

That's an impressive square one to be back at, I like the game you play! It's a strong starting square in terms of all the components, net worth + income + saving habitKey take away from your post is that your lifestyle is well covered by your income, that's pretty important. I see people who earn more money than 160k, sometimes significantly…[Read more]

Oto130 well said.In my experience what you have said is the truth. Risk is always there and there are precious few guarantees in life, you can slice and dice it and do what you can to hedge and reduce it.. but in the end risk is always there.Thinking specifically of the 'capital guaranteed' range of financial products that were being heavily…[Read more]

One issue is to watch out for is a premium on the price, I've seen some ordinary results for DHA investors as they simply paid too much for the property, applies to all property but perhaps a little more so to an area where the marketing is so powerful.DHA house in Brisbane.Bought in 2003 for 341kSold in 2010 for 458kAssuming the investment…[Read more]

danyle wrote:
On inspecting an open house today the real estate agent told us that the terms of the contract will be 3 day for B&P inspection and 14 days for finance! Happy to have Building & Pest done, but not happy that were being told timeframes. Is this normal for RE to suggest? Never been told this before and not considering putting in an…[Read more]

Kent Cliffe from Momentum Wealth posts on here and has impressed with his knowledge when I have spoken with him. http://www.momentumwealth.com.au/

Latest data till February 2011, Brisbane house prices are now off 3.9% from their peak.

Perhaps your information source is thinking of the SEQ regional plan? Upper Mt Gravatt and Carindale are principal activity centres from this document, nothing new about that information though.TOD (transport orientated development) is also a possibility, but nothing specific for Mt Gravatt that I have seen.Generally a nice area though!

The Logan region in Brisbane has plenty of choices <200k, yields 6-7% are common, more with some value adding done.A 'good' area is subjective, and the nature of the <200k price range implies compromise. A useful method of doing some long distance research is to find some local property managers and phone them for a chat, mention you are…[Read more]

Are you talking about solar heating Sebastian?

I know Kippa-Ring well.Personally I would need a compelling reason to buy in a larger complex, to me the value is in the established housing on larger blocks. Marketers are on the ground in numbers at the moment out here, so watch out for who is selling you a property.You can get 4+2+2 well conditioned not too old brick houses on 600+ blocks in…[Read more]

There's actually a lot of choice out there!Look for someone who is truly independent, not actually selling you a specific product but prepared to help match a property to your exact needs.

Well done WC, interested in any more details you are able to share.

Scott No Mates wrote:
Hi Oneworld,what service is each providing?a) Are any of them charging you an upfront fee ie getting commitment from your part to allow them to start representation for you? with the balance upon execution of a contract of Sale?b) Are they independent or are they trying to sell their 'own stock'? c) Are you being funnelled…[Read more]

Interesting feedback about your experiences oneworld. Did you raise these concerns with the respective agencies? Would like to know their responses if you did. The level of service in the industry is very similar to selling agents in my experience, ie: The average agent or agency is just not that good and there are a relatively small amount who do…[Read more]

A good start with the due diligence with dual or multi income properties is to see what your insurer says as well as what council says, controlling risk is very important here.Catalyst is spot on, have a close look at what is legal at the moment and don't assume you can fix a problem.With that kind of deposit and borrowing power you have a wide…[Read more]