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When I originally purchased the property, the agent told me that there would be high growth in the area as there were future plans for a marina to be built, however it has been 6 years and the council keeps putting off the development of the marina.
The same time last year it was valued at about $320k and has just received a growth i guess from the buying frenzy in the last year, so i am not really sure if this growth will repeat again anytime soon or if it will continue to grow as it has for most of the time I have owned it.Hi,
I attended their seminar last month in Melbourne.
They had really good info, however I am a little ify myself on joining thier group.Hi Guys,
I am from Melbourne and I am really keen on meeting future investors to share some ideas and I guess help each other.
I am from the south-eastern suburbs of Melbourne, which is great as I can help shed some light on my side of town.
Feel free to email me [email protected]
Hi Kosta,
I have just emailed you
I know Doveten near Dandenong, Melbourne is pretty dodgy, not sure if you can find cashflow propeties though
Thank you so much for your feedback.
After reading your advice, I have done the figures and have figured out that the price of the rent would be the same as the construction loan. If we were to rent rather than build we were going to keep our land anyway which we are still repaying.
We have already received our FHG when we purchased our first property.I also was thinking of our home as a liability which is why I was thinking of renting in the first place, however once it is paid off wouldn't it be considered as an asset?
I guess the biggest fear I have is that it will become more difficult for us to purchase our second IP. The one we currently have is negatively geared and only has about 70k equity in it.
