Thats good news for property owners in the area as new developments usually come with higher prices in these near city areas, and we may see a ‘Subi Centro’ type of thing happen to the area where an old ‘semi-tired’ area is revitalised.
It may also wake up property owners in the area and there may be more renovations etc…
Im testing my memory now, but I think there is a good place in Mt Lawley for this sort of stuff its along the train line, it may even be Ross’s auctions….
I am renovating at the moment in VIC, and have found the trading post the best way to find things. I bought a whole kitchen (10yrs old) and stove (3 years old) for $300!
Ross, I see youre in VIC, is anyone else interested in maybe a few of us catching up to discuss property some time? Would be good to have a ‘young investors group’….
The rent is probably still too high. Drop it to something more realistic. Some property managers have no more experience than you do, so sometimes you have to manage them to make sure the job is done properly.
Also, I find that ringing the property manager every day to ask what they are doing to secure a tenant is a good idea. Remember THEY are…[Read more]
As long as you are comfortable with what you are spending, and the rental market for that area is stable or shows signs of improving (due to improved infrastructure, new developments etc) then go for it. I have a property in a small town in tassie that I paid $79k for. It rents for $120pw and the tenants are happy to stay (they have…[Read more]
I am looking for new carpet for my Melb property, what was the name of this company that treated you this way? I like to support people (like you) that get poor service from big companies that should know better…
If anyone got a good deal, or knows the name of a good carpet retailer please also let me know, I will be doing the whole…[Read more]
I use Picket Fences for my tassie property, they are a great little company with personal service. They are in Burnie. That may solve your management problem…?
As for the rest, my accountant knows property but he is in Perth (I live in Melbourne) if you want his details let me know. . .