Actually,http://www.collegesquare.ymca.org.au/about/Pages/default.aspxObviously is student accommodation….

Xdrew,Thanks for the response think you have identified exactly why they are priced as they are. I've been very weary of Auburn and think i might cross it off my list.Interesting what you say about the Lygon street, Carlton though, seems that once that 'stigma' associated with being an ex-student accommodation disappears prices could continue to…[Read more]

http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debtAustralia's at 22%If you read further with Japan there external dept is only 51% (2.2trillion) and there assets value is 5 times that (11 trillion). Not sure what that means though..

NSW2011: Mate I'm having the same sort of trouble. Real estate agents seem to think if they put '+' or 'from' or 'offers above' that you can't make an offer under it, had one guy get angry when I did and never called me back to let me know how the offer went- I imagine he probably shredded it (They had offers above 269k I offered 265k)The property…[Read more]

Nathan,Yes very helpful, will do some research and see how the numbers stack up.Thanks

Nathan,I've been looking at mining towns but haven't looked into Mount Isa until now and must admit it does look fairly solid. Biggest copper mine in the country, as you said many big retail company's having franchises there and has expected growth of 20,000 over next 10 to 20 years!!As I said above I've lived in mining towns last 5 years and know…[Read more]

WendyI've been looking a lot at mining towns myself but being a cautious person by nature i'm a little hesitant.You'll find mining towns will give very good rental returns usually providing positive cash flow on minimal outlay.I've lived in country WA for last 5 years and can offer you my experiences and thoughts1. You really need to know the life…[Read more]

Thanks everyone for the advice, although haven't replied much it has been very helpful.I've decided the best way for me to start is with a cheap unit that with a bit of a touch up can bring some immediate equity and fast track my second property- a lot easier said then done.I've found and made an offer on a unit that needs a bit of work and is…[Read more]

Kent,Thanks very much for that insight. I was actually running scenario's last night for about 5 hours and came to a similar problem, unless the property I buy is appreciating in value I'm better off sitting the money in a bank earning interest. I think i came to the conclusion I need the property to appreciate 5% a year over say 5 years for it to…[Read more]

Jamie,Yep i'm very much open to buying interstate and have been looking into that. My biggest obstacle is not having the knowledge I do on Perth which your right, I can get with a lot of research.Cheers,Matt

OB 1Had a read or 10 and find it fairly interesting, haven't seen anything like this before.Correct me if i'm wrong but you obtain a vendor to finance the purchase, pay a 10% deposit and the interest on the loan then pay them out after 2 years with a $25k bonus?? Simple terms but only way i can understand it without having the force.Let me know if…[Read more]

Thanks everyone for the advice its much appreciated. Some interesting comments that i've started researching.Unfortunately I'm not on the mines, I work for the government and am based in a remote town for 18-36 months, up to myself really how long I stay. More then likely my next spot will have an income of around $100k and a few other bonuses…[Read more]

Dan,Rick stated that he has gone through House Buyers USA which has 'fees' associated with there help: http://www.housebuyersusa.com/intl/ausObviously they are not  simple 'give me the $4000 and we will give you advice', looking at that site it seems to indicate they'll do a lot of the leg work for you to start buying and investing in the US. The…[Read more]

RickH wrote:
Hi Guys,The basics are: Tennant in place prior to closing : YesRehabbed – prior to rehabb the advert for the property listed it as being very good condition needing only minor cosmetics.The total price is $49,000 : Zilow Estimate: $65,000 and prior sale in 2007 was $95,000.Rent of $10,000 p/a less the normal expenses of property…[Read more]