The advantage of starting in a low price bracket is that new investors learn what is required to research and purchase a property without an immense amount of financial risk. You may make mistakes on your first property purchase, but ultimately if you follow the 'rules' and buy in a decent area with diverse employment opportunites and good rental…[Read more]

Hi Yoda,Whilst I'm not up with the Council regulations in Whyalla, check out the Council website development section: http://www.whyalla.sa.gov.au/site/page.cfm?u=210Cheers,BrisInvestor

Hi Judith,You should also know that most landlord's insurance policies require the property to be professionally managed by a licenced property manager. Otherwise you might find that any protection you thought you had under your landlord's policy is not valid.Cheers,BrisInvestor

Not a contract clause, but can't hurt to ask permission from the vendor to advertise the property for rent early – ideally straight after you go unconditional. That way you'll get a head start on finding a good tenant (reference checks etc) and the only thing they need to do after settlement is an inspection to confirm they are h…[Read more]

Hi Nit,Only the supersticious locals will care about that kind of history – renters are more likely coming from different areas and won't have any idea.Besides, it will be a completely different house with no history. Don't let it bother you – buy it if it's a good investment!As an aside, if the house was still standing and there had been an…[Read more]

Hi Pete, I've had a fantastic experience with a Brisbane buyers agency called RedRoof (http://www.redroof.com.au) – I approached a couple of buyers agents, but these guys stood out with their professionalism, ethics, approach and track record. They also managed to save me more than my buyer's agent fee on my purchase – couldn't have asked for more!There…[Read more]