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Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 24, 2003 - 4:59 am
quote:
Thank you all for information. People who already looked into Berwick or who are from there, do you know the approximate price for brand new (already built) 3 bedroom unit. I understand that it depends on the location, but if I can get some ideas, will do my investigation further.
I can tell you prices on the North side of Berwick. A number of townhouse types being constructed. Pricing can vary from $300K to $400K. The closer the townhouse is in proximity to the Berwick Village Township the higher the price.
Officer and Beaconsfield suburb next door also units going up there, range from $250K to $300K. These suburbs are moving in price, due to freeway extension of Hallam Bypass. No of retails shops also currently being built.
[8D]
Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 24, 2003 - 1:15 am
I come from Berwick. I have been closley watching the market for a number of years. I don’t know alot about Cranbourne, except that there is a substantial amount of land subdivision going on. Same goes for Berwick, South Side.
Prices in Berwick has doubled since 4 years ago. My opinion is that you need to do a bit of research as the Casey Shire is huge and there is massive developments going on. They expect in years to come that the city of Casey will be as big as Canberra!!! Read this, don’t quote me.
There is less room for expansion on the north side as land has become alot scarce as the north side backs onto a green belt area, township called Harkaway. Basically there is covenants/restrictions on land here.[8D]
Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 23, 2003 - 7:39 am
quote:
[] Just having a look through realestate.com.au…. starting from $0 to $200,000.
I had a bit of a laugh []
I was amazed at the number of Cabins, Car parks, beach sheds up for sale….
eg.
MAKE LIFE AT THE BEACH EASIER
$25,000
38 MILLS BEACH MORNINGTON
BY PURCHASING YOUR OWN.
Fully renovated beach box on sought after Mills Beach, including Solar Powered Alarm.

Imagine the lease ad…
—-
“Suit 1 hermit, no windows, one door, water near-by (bucket supplied), heating available (during summer only), ample room (if you dont have furniture) Beach front living, close to transport (your jetski)….. [:0)]
—-
Regards,
Arty.
[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)
I must say, that I have noticed the number of caravan/cabins for sale also. I have often wondered how they go IP wise? In particular those which are more of a permanent home type, especially near beach/foreshore areas. Do they make for a good investment? It is getting harder these days for the first home owner for example to own their own home. Also alot of low income earners. Any thoughts?
Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 19, 2003 - 7:36 am
I reside within the same suburb also. I would have thought that land is still surplus. In particular the South Side of the city of Casey. Plenty of estates opening up between Berwick/Narre Warren, working back towards Cranbourne. A lot of first home owners are coming out here taking advantage of low interest rates and Gov. Grant. Looking at Realestate.com and viewing rentals to date there appears to be listed 109 pages of rentals. Just sharing my viewpoint.
Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 18, 2003 - 5:43 am
quote:
Hi Finnie
A great idea, though being a full time property investor would take time to achieve. Only after lots of hard work and smart investing could this be achieved. How many properties would you need in your control to gain enough +ve cash flow to suport your family.
My wife and I have discused this issue over & over. We are thinking of taking the plunge, selling our house, renting and Investing the cash from the sale ($900,000.00) into more +ve cash flow IP’s
Have a look at my post (“sell house, rent and invest”) let me know what you think.
Andy[8D]
Hi Andy,
I must say that my partner and I have been talking about the same thing. We moved into our home last year. We are seriously thinking of listing our home on the oversees market (not sure yet as to how I go about this). Reason I say this is because I believe our home would cater for an Asian Market. We feel that if the interest rates hike up then we may find it difficult to find the right buyer for our house.
Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 18, 2003 - 4:59 am
[] Thankyou all for your feedback. I don’t feel so alone in this IP world!!!
I guess the thing that frustrates me is the fact that we have one rural property valued at $300K which we own and confident this will continue to appreciate. Our current home approx $600K of which we have a $300K mortgage. Not sure what angle to take, ie: cheaper properties, quantity more, potentially looking at weatherboard, fibro shacks, or quality with bricks&mortar. We financially need to be alot smarter. Bascially I feel like I am behind the [8]
Finnie
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@finnie
Join Date: 2003
Post Count: 9
September 18, 2003 - 3:01 am
Yes, that is a thought. Thankyou. I feel better already []
Now, I got to convince my other half!!!!!
Seems an ongoing battle of late. He is so sick and tired of me talking IP, IP IP!!!!! Mind you I am living with a Financial person. Analyse everything!!!!! Not that this is a negative, just frusrating the best of times!!!! [!]
Possibly, I should also look into a realestate course.
Finnie
Member
@finnie
Join Date: 2003
Post Count: 9
September 18, 2003 - 2:54 am
quote:
I’m worried about the same thing… every second person is looking for investment houses now, rather than their own place.
When I visit my dad’s real estate agency, every five minutes someone rings up asking “what sort of rent would that property bring?” or “do you have any good investment properties for sale?”
I’m concerned that this will mean a huge surplus of investors with vacant properties…
I was talking to our contact, realestate agent in Gippsland. Interesting enough she said that rural properties in the $200K+ price range, she would not touch for investing for tenant occupacy. Reason being: rent affordability and surplus of houses. Hence I am now focussing my energies in other areas where there is lesser homes, yet growth population and potential in the area.[8D]
Finnie
Member
@finnie
Join Date: 2003
Post Count: 9
September 17, 2003 - 7:55 am
quote:
For what it’s worth, the prices where I live (regional Vic) are still rising. No positive flow properties, but as far as the boom is concerned, it’s definately still strong here.
I totally agree with your comment. As a new investor, I have been looking at regional Vic. properties. Some areas are booming. Eg: parts of Gippsland. Since doing investigative work from July, prices still appear to be moving. Only fear I have is a surplus of homes at some point in the future and to many choices for tenants!
[]