Thanks for you comments. I’m at a stage where I’ve done well with 2 x IP’s purchased 2001 and 2003, and now have the equity to go another one or two.

I’m currently torn between ‘it’s time in the market, not timing’ and how badly the figures do stack up right now. I’m sure that over a 10-15 year period another property should perform well…[Read more]

AusProp -> I’m reffering to Victoria. It’s a bonus from the State Government, making it a total of $12k. Given a leveraging ability of 95%, 12k can make a big difference to the amount someone can borrow (ignoring DSR).

Originally posted by foundation:
Why would rents go up? Presumably these first time buyers are already renting, so their…[Read more]

I’ve investigated these and it’s been my experience that this high yield is built into the purchase price and definatley not worth it.

The ones I looked at had high 8-9% yields for a year or two, but you were paying about $50k above what you should have for the place itself.

Some of these deals might be OK, but the ones I saw weren’t. I…[Read more]

Thanks for your comments. I do realise it’s up to me. I still need to decide exactly what will suit my current situation best and will now leave you all in peace as I do this [blush2]. I guess I just wanted to spark a bit of discussion regarding this selection.

Thank you Rick for bringing me back to the ‘key principle’. I had been getting to…[Read more]

It was John’s book (7 Steps) that first got me into property (4.5 years ago). From what I learned from his book and his book alone (5 years ago there wasn’t the wide variety of books we have today) I took the plunge and have since done pretty well.

I feel it’s a great overall book, and his concepts are still very valid today. It’s also very…[Read more]

Put me down as another one who shares a similar problem. Mine is slightly different though, as I’m 26 and she is my girlfriend (i.e. we are not married).

I’ve done quite well, have 2 IP’s (2001 & 2002) and just about to acquire some more, and would like to see a little bit of the world with the money I have made. My girlfriend hasn’t got $500…[Read more]

In relation to the above comments about Frankston North: I unsure if this suburb will experience the same ‘high level’ of change as inner suburbs (such as Richmond and the like) have over the next 5-10 years. This low socio-economic group has already been ‘pushed out’ to the edges of Greater Melbourne. Where else are they going to go…[Read more]

No one has, this is more of a hypothetical question. I’ve been lead to believe that this does happen and have seen people talk about this in some forum posts.

I was just wondering if it would be a case of just going to another inspection group (if not all of them do this), if there is some other way to negate this or if this is just ‘how it is’.

From what I can tell this formula simply looks for properties that have a rental yield of around 10%.

No need for a ‘secret formula’, just year 7 maths.