I was just thinking that I felt that Western Sydney is a part of Sydney which follows the whole Sydney market, that is, when Sydney booms, it booms, but when Sydney crashes, it crashes. Whereas, when I look at the graphs of innerwest and inner city it almost runs a lightly different market to Sydney, that when Sydney booms, it booms, and when…[Read more]

Have about $100,000 to spend, targeting high LVRs.

High capital growth in the short to medium term, high capital growth in the long term. Cash flow can be slightly negative for the first few years with a view to neutral position after short to medium term. Overall portfolio maximum $200 negative cashflow per week, currently at about positive $50…[Read more]

Yep that's correct Jamie

Sorry I might have been posting in the wrong thread. I posted this on Whirlpool and people were hoping for my tenants to trash the place etc.

Well as I said, I'm not pulling these numbers out of thin air. I'm not sure why people keep assuming that.
– The market rate (a fair rate, what everyone else is paying etc) is AT LEAST 520 for the exact same room, features, etc
– The vacancy rate in Lidcombe is quite low at the moment and rental properties (at least good ones) are hard to come by…[Read more]

I'll just say this again:

I have not given the tenants any notice of increase as of yet. I'm still planning my moves with my new REA (after he inspects) and I am considering two rent increases of 40 dollars each.

The REA rang me today and stated that he would be happy to hand over the management to my new REA right away. Management has already been transferred over to my new REA as of now. It's likely that the original REA didn't want to put up with my demands considering he had already been let go, or that he had seen this thread pop up on the…[Read more]