Thanks for sharing Lisa, great to see people hitting the road even when they’re not buying, and sharing their experiences. Even though fixing up the place a little may not affect the return, It could have a large effect on the increased value of the property?

An alternative is the Excel Rental Workbook which seems to be alright and easy to use: http://www.excelaustralia.com.au

For a quick analysis of cash flow for potential property investments try the jaffasoft site: http://www.jaffasoft.com

So is it still on this Sunday (last Sunday of the month)??

Same place, Same time?

Hi Jenny,

Im currently in the process of buying from department of housing, but as a former tenant, so not exactly the same. Still, if the property is really run down the department will probably not bother with the upgrade costs to make it suitable for tenants, so may sell it. Best bet is to call the department of the area it is in, and ask to speak to the person who looks after sales of dwellings/houses. They will probably try and quiz you as to who you are and why you need to speak to them, so try and and get trough this- just say your interested or theres an issue with your adjoining property or something, they will almost definitely ask you the address of the property. Once your through you will be able to speak to someone about it, but they will most likely need to pass on the information to someone else (its a bit of a mix up there). Just make sure you keep calling otherwise it may take a while before anything gets done. It might be possible that theyre waiting for the right people to put in there so might not sell. Anyway its worth a shot.

Good Luck,
Ben

Hey,

Im from the Central Coast and am about to buy a property in the next few months in the East Gosford Area. There are some bargains around, especially for those who dont mind doing a bit of reno work. Erina is a really good location and has rapidly grown however it has become a bit expensive in recent times. The same goes for Terrigal and other beachside suburbs (e.g. Avoca and Copacabana). I believe suburbs near the freeway have good potential (as you said its handy for commuters to Sydney) and theres been a bit of development along the freeway up north (e.g Warnavale, Blue Haven etc) but I prefer areas like East Gosford (and even the older, cheaper parts of Erina) as it is central to everthing including the beaches and the freeway. Gosford looks as though it may be changing for the better also. I think the Central Coast market may be down at the moment so it may be a good time to start sourcing potential properties. Id be interested in hearing any other opinions.

Cheers,
Ben

Thanks Len,
I will certainly be making myself available for that evening.

Cheers,
Ben