Hi Here is a comparison chart I’ve had lots of fun with the last couple of days.
http://www.aussiehome.com/trendCharts/default.asp

We too looked at Armadale but decided that the rental vacancies were too high. If you look in The West to let section there are columns of them and some have been there a while so I don’t know where the 1% vacancy…[Read more]

Hi Caeryla

My IP is in Medina, Currently rented out for $130. I bought 5 years ago for 69K 3 bed plus sleep out, brick (lots of fibro homes in that area) with lovely jarrah floors. I lived in it for 2 years and the area is very liveable, like a country town but only 12 minutes from Rockingham, 15 minutes from Fremantle and 30 from the city. It…[Read more]

I don’t understand how renting is a good strategy. Stu or somebody can you explain?

Sorry if it is a basic thing I’ve missed but I am new to this and we are paying 12K pa out in rent and that is really bugging me as I would rather spend it on a mortgage.

We are trying to save for a PPR and I have one IP we are trying to hang on to rather than…[Read more]

I’ve been thinking about this too.

Can I rent a property to my defacto and then live in it too?

The property has been tenated for the last 12 months and they have indicated they want to move and I want to do some improvements to it so it could be kind of handy

I’ve been thinking about this too.

Can I rent a property to my defacto and then live in it too?

The property has been tenated for the last 12 months and they have indicated they want to move and I want to do some improvements to it so it could be kind of handy

my tenant is also a single mum and great tenant, I decided not to increase rent to encourage her to stay on.

This decision can be both compassionate AND good sense business wise. If she decided to move I would have to find an equally good tenant and a vacancy period of two or more weeks would cost me more than I would gain from a small increase…[Read more]

I am the owner and moderator of a group that focusses on selling (and buying) at online auction. All members are women with children and it is an amazingly generous and supportive group. I wondered if it was because we are women that it is more in our nature [:X] to help each other but obviously the same generosity can be found amongst people…[Read more]

Hi and thanks for the replies so far.

It seems the consensus is to hold the property

I realised on the weekend that if I put myself in the position of looking to buy a second IP would the existing property fit my criteria and decided that yes it did and I also thought that if another investor wants to offer me 95k (the offer was made theough an…[Read more]