If you don’t know Melbourne, stick to the inner eastern and south eastern suburbs.
The northern and western suburbs of Melbourne have always had a stigma – people there want to move to the south east, but those who live in the south and east wouldn’t move to the western suburbs.

Welcome to the forum

If you are looking for capital growth, you are right – it sounds like Melbourne has had it’s run and maybe Brisbane is the place to go. But it also seems like all the markets are slowing down – so maybe it’s time to be more cautious.

I read this yesterday – worth a read if your’re starting off. In fact worth a read for…[Read more]

As I see it, you would have to jointly take out the equity in your joint property (increasing your mortgage) then you can use your equity for whatever you wish.

Ownership structures could be tenant in common, partnership, jointly owning through a unit trust ect.

All have different tax and legal implications – time for accounting and legal advice

There is a good article here on how to find a development site:

http://propertyupdate.com.au/articles/property-development-guide-part-7—researching-the-perfect-site.html

In fact the whole series of articles here seem pretty good if you are interested in development:
http://propertyupdate.com.au/categories/property-development.html

There are some good parts of Seaford and some sleezy, cheaper bits.

Stay on the beach side of the railway line if you can afford it

JacM wrote:
are you planning to sell or not?  why bother going through the cost of splitting them if you are going to keep them all?  then you'd just have to start complying with annoying bodycorporate law.  council rates could increase as well…

One reason to split them is because the banks like it – they will lend you 80% on individual un…[Read more]

Why would you try and do it yourself?

Sure you’d save agents commission, but don’t you think they could get you a better price?

Great list thank you.

Like the others, I really got a lot out of Yardney’s How to Grow a Multi Million Dollar Property Portfolio. It changed my whole concept of property investing.

yes very different to Stve MCK but form what i read, Steve is now coming around to value add also.

Almost finished Yardney’s next book – even better probably the…[Read more]

You know there is more than one way to skin a cat.
CF+ve is one way.

I looked at it years ago and decided to go for capital growth (is that a dirty word here?) It’s worked well for me, maybe because i bought at the right time and in the right place.

I now have 2 properties growing well.

What turned me around was reading Michael Yardney’s book -…[Read more]

How old is the book – it was written 15 years or more ago wasn’t it.

I remember it was a great read at the time in the 90’s – well done for reading it, but there are lots of more up to date books – search this forum

Parkville is close to Melbourne UNi and hospitals and really close tot he CBD – you will always have tenants looking for properties there

Ana wrote:
And there is a lot of very good articles and free information on a lot of different websites too.

You are right – one good website with gerat info from a heap of experts is http://propertyupdate.com.au/

Worth subscribing to the newsletter there

Hi

You’ll find the rules are very different here. Most smart investors invest for capital growth, not cash flow, but you’ll get others on this forum disagreeing with that.

You need a real estate agents license here to get commissions on sourcing properties.

I think you need to be a resident here to buy established properties, non residents can…[Read more]

A good idea to get started is to learn how others have done it- so thanks for suggesting this thread.

Educate yourself – books, magazines – careful of the seminars especially the Amreicans coming out here

Good book to start Michael Yardney’s How to grow a Multi Million Dollar Property Portfolio.

Read magazines – API and YIP have case…[Read more]

me_melb wrote:
Charles1 – IMHO depends on what and how you want to achieve your wealth..I found Metropole has their blinkers on all the time as they only suggest to invest in – proven suburbs (5 KMS from CBD)…- Hold for few years (minimum 5)definitely they've Grey hair and Michael has lots of proven experience but after paying top $$$$ you…[Read more]

Richard

Why not ask the town planner at the local council – they should be able to answer your query – for free

Gee you’re brave!
After all those years of capital growth, the Darwin market must be near it’s peak.

Melb has had huge growth also +24% in a year or so.

Why not look at Sydney – was flat for years from 2003 until recently or Brisbane which seems to have some catching up to do.

When you sign the contract you put your name and / or nominee which means you can nominate a different purchaser down the track.

I think there is a small legal cost involved in changing the contracts, best get legal advice before you sign anything

Probably best to ask your accountant or solicitor – it could be worth a lot to you

Hey – thanks for this – have just ordered an Iphone -it’s coming next week so I’ll give it a try