@sarahlouise what suburb did you buy in? Feel free to drop me an email :)

blackhotel wrote:

Same thing happened to me when I tried to refi, except my wife & I happened to break-up before I put the application in. She moved in with her mother. And guess what after the refi was completed we magically got back together – go figure!!!! Beat them to there own stupidity.

Hope they’re not reading these forums :)

Hi Lachland

Corey Batt is your best bet. He’s done all my loans and invests himself and he contributes info to these forums too. Reach him on [email protected]

@vansprang Have a chat with corey about your situation, he can let you know whether you can get that IO extension for another period. Some banks will and some won’t, and the ones that will have different requirements. Best to talk to the pros on this one.

I’m in discussions with Precision Private Wealth for my planning. They’re pro property, have a ton of knowledge on smsf info, etc

They’re based in Adelaide but I’ve sorted everything by phone and email so wouldn’t really matter if I was elsewhere I don’t think.

@danieljb

Your best bet is to speak to an investment savvy broker. With lending getting as tight as it is, really need to strategise which lenders you use if you want to get multiple properties. You’ll find with both the banks and with novice brokers that they only really care about getting the current transaction through and not really much beyond that.

Corey who posted above is an excellent example of that and has financed the majority of my portfolio.

Nigel Kibel wrote:

I am now focusing on a strategy of buying small apartment complexes.

Who do yo use for lending on these?

Adelaide Eastern Suburbs

The prestigious eastern suburbs of Adelaide provide plenty of capital growth opportunities for investors, both in the short and long terms. It is quite a desirable place to live for both owner occupiers and tenants alike.
Well established, character-filled, tree lined streets dominate the region as well as highly sought after schools. In such a blue chip region, don’t expect to get much rental yield.
One of the disadvantages of the region is the lack of public transport services present. Given the wealth in the area, I doubt this is a concern. It does make some of the main roads busy for commuters though. There has been plans of extending the city tram to the eastern suburbs but these have received no funding yet.
As discussed in previous area reviews, vacancy rate and owner occupier ratios combine to tell a story of how over or under supplied an area is and thus whether worth investing in. The eastern suburbs of Adelaide are predominantly owner occupied and low vacancy, allowing investor activity if you can afford the price tags. The exception being units in Norwood which are very over supplied – unfortunately the figures available online doesn’t separate dwelling types.

View post on imgur.com

View post on imgur.com

Median rents in the area
I’ve graphed the median rents in the area, separating houses and units which as you can see are quite disparate.

View post on imgur.com

School zones
Driving families to the area is the strong desire to be in one of the top schools in Adelaide. There are 3 main ones in this area – Glenunga International High School, Marryatville High School and Norwood Morialta High school. There are several well performing private schools in the area as well.

Glenunga International High School zone map – https://www.decd.sa.gov.au/sites/g/files/net691/f/glenunga_international_high_school_zone_map.pdf
Marryatville High School zone map – https://www.decd.sa.gov.au/sites/g/files/net691/f/marryatville_high_school_zone_map.pdf
Norwood Morialta High School zone map – https://www.decd.sa.gov.au/sites/g/files/net691/f/norwood_morialta_high_school_zone_map.pdf

A little about each of the suburbs:
Norwood – Closest to the CBD of all suburbs in this review, its home of the trendiest café strip in all of Adelaide “The Parade”. It has many trendy cafes, restaurants and local businesses.
Magill – Has a University campus and the aforementioned Norwood Morialta High School
Tranmere –Has an interesting demographic – the old houses here are predominantly Italian who have been there for decades and the newly built townhouses rapidly popping up to replace them are mostly Asian families.
Rostrevor – At the foothills (part of the suburb even comes under Adelaide Hills Council). Grand 2 storey homes are quite common.
Burnside – Also foothills, some properties get exquisite views of Adelaide from here. Has the Burnside Village, which is a prestigious shopping centre home of many high end fashion labels.
Glenunga – Known mostly for its school, which is one of the most sought after in South Australia.
Kensington Park – Along with Kensington Gardens is very well regarded, famous cricketer Sir Donald Bradman lived here.
Firle – Has the only Kmart of the eastern suburbs. Not as well regarded as the other suburbs in this list as reflected by the lower rental figures and higher rental population.
Beulah Park – Avoid the main roads that border this area! Within has nice character homes at affordable prices to get you close to the action without being on top of it.
Maylands – Well established area with nice homes. Has good potential being as its next to Adelaide’s highest price suburb at St Peters.

Dave’s Suburb Pick:
Tranmere –
The well-priced old homes are providing plenty of opportunity for both renovation and development.
Local vernacular refers to the better part of the suburb as Poets Corner, where a few streets have famous poet names and are generally better regarded and appearing do streets. Refer to the Campbelltown City Council website as to what is possible here. The Poets Corner section has slightly stricter zoning than the rest of the suburb.

Dave’s “what to avoid”
Units in Norwood.
There’s far too many of them and are quite over supplied and difficult to let. Additionally, majority of them were built in the 60’s prior to planning laws and as a result are now seeing the maintenance issues pile up.

• This reply was modified 8 years, 2 months ago by  D.T..

I think Corey is your best bet for deals like this.

Given Nathan’s is illegitimate I wouldn’t be trying to emulate.