Sorry to bring this topic up again, but I’m a little confused. From the sounds of it, most of these reply are centered around buying the serviced apartment from the construction company I take it – or from the outset anyway (One post talks about a furniture package).

I was looking at one (in Melb CBD) where the agreement has been in place for…[Read more]

Yeah, I looked into this. Apparently the reason for the restriction is that you don’t need a full building permit/property inspection by the council. I contacted the subdivision board, and they say it is one parcel of land, yet the council rate each property seperately, but wont allow the block to be classed as a dual dwelling block. (Don’t you…[Read more]

Cheers guys,

Apparently in this council, this is quite common – they allow a second dwelling, but only for specific purposes. I know this because my sister recently looked at another place, for that exact circumstance. The owners of that property were told that unless they sold to someone in similar circumstances (ie: elderly dependant), the…[Read more]

Originally posted by hb:
Hi pipelinebender

2 k and property investment…forget it.

think outside the box?

I agree
30 years ago at 22, i bought my first IP 15K, interest only loan.
3 years on i sold it for 20k, and after subtracting costs it worked out i made 2k.
my thoughts about the property investment game….. “its a mugs game”.
i took that…[Read more]