Newbie,

Congratulations on setting your mindset to take control of your financial future through property investment.

For me education is the key before you make your first purchase,what is your 5,10,15 yr plan etc.

Also as you start find a mentor you can trust who has done what you are hoping to do,good luck!!

little link below may…[Read more]

Jenni,

Have been talking to a few local property managers and have been looking at new builds in the new estates in north east part of the city towards the race track

Regards
Coota

How much on average would the water rates be??

Heinz

Have looked at flood maps and location looks ok as it is closer to Logan River Rd than actual Logan River…

Richard,

Been looking at Waterford…

Richard,

Looking at a buy and hold property-
 Property is 4 yrs old
4 Bed 2 Bath 2 Car 340k
Rent return $380-  $400 p/w
500 sq mtr block

Nigel,

Any thoughts on the areas of Waterford & Loganlea??

Budget is 320-340k

Terry for the purpose of the post I didn't put in all the detail that I included in my Letter of Offer to the agent which of course included-finance approval,building inspection,bank valuation,settlement of 30 days and offer expiry of 2 business days.
As has been mentioned in this post its just frustrating that agents think you can be bullied into…[Read more]

Sorry all property is in Melbourne

Scott

I was leaning towards ground floor unit as it has approx 20 sq mtrs extra living area with an outdoor deck area also.
Double storey unit has living area on top level including a small balcony area which I think was designed to take advantage of views to the city 

Shahin,

Unit details are below

Ground floor unit
*Living Area 64 sq
*Garage 22 sq
*Deck Area at the back of property approx 25 sq

Double Storey
*Living Area 48 sq
*Garage 22 sq
*Smaller living area with land area at front of property facing roadway(not usable IMO)

Both properties are same price

Coota

Albro,

My report came up with a confidence score of 2 which is very high,relevant local sales came up with 10 relevant previous sales.

Regards
Coota

Albro,

I have Investar  Search and My Valuer valued my property at $670-$750k with a bank valuation coming in at $760k some 3 months ago.
IMO that's reasonable close to bank valuation,but in saying that bank valuers are generally on the low side..

Regards
Coota

Jamie/Terry

What would I be looking at with fees-charges per hour etc

Coota

Freckle,

Thanks for your sharing of your spreadsheets as I am hopeless with Excel formula's

Cheers 
Coota

Anyone else like to share their spreadsheets in general?.

Regards
Michael

Jamie,

Property is a new 2 bedroom unit so not much chance to add value in that regard with any renovations thus the strategy to rent out a look for future growth to release equity down the track.

Regards
Michael

Xarp,

Have just used this tool online from your link and it’s fantastic,I would suggest other forum user give it a try before they dip into their very shallow pockets….ha ha!!

Regards

Michael

Sunny,

Buyers Agent fees are typically 2-4% of property purchase price.
Not huge here in Oz but in America 50% of properties are brought via an agent.
IMO great if you don't know the area you are buying in and will make an unemotional purchase based on your stated requirements

cheers
Michael