Mike.

Thanks for the reports. Very interesting to see the criteria Residex use for their valuations. I'm not sure their end figure is completely accurate but they give a good indication and some great sales evidence.

Thanks.

Gilad

there are a number of different ways to increase rental yields… i’ve found that dolf de roos has some good books on this.

I’ve worked for a builder/renovator over the past year or so, and i’ve seen how easy some of these things are – provided you are capable of doing a lot of them on your own. For example, repainting the house – or even one section that needs it will add so much appeal when your tenants first walk in… and how long will this take? if you know how to roll (and cut in), you should be able to do this within a day or so… depending on the size of the area.

There are so many other little things, that can make a huge difference. My intentions are to learn how to do these myself with the hope of saving as much money as possible (not employing a plasterer etc). Its not as hard as you think… just get a book and start reading how and what you can do!

gday,
just to let you know, peter has an upcoming seminar in melbourne. It is just a day one but looks worth its money. Look on http://www.freemanfox.com.au or give the number a call.
looks good…

nah, i’m pretty sure that you have to be over 18 to receive the fhog. It is risky business trying to get the fhog for a child. I remember reading some articles in the herald sun probably half a year ago, about families where children had received the fhog. If i remember correctly, the government was going to crack down on it.

But, i might be mistaken…

my simple method, though this might not be what you are after is as follows (it is interest only – and then add on if you want principal).

Mortgage * 0.07(approximate interest rate)
then divide that by 12 to get monthly repayments. if you want weekly, divide by another 4.

I figure if it is going to be principal and interest you just add whatever you can afford…

i’ve got a similar dilemma. I’m trying to decide if i should invest with a friend, and try and create a partnership for the future, or whether i should go in it by myself.

THere are pros and cons both ways obviously. At the end of the day, you want to be investing with someone because you both bring two different things to the partnership. I think that it may not succeed if your talking about doing exactly the same thing. But then again, in steve and dave’s case, i guess they both are into the same things… accounting etc.

what does that mean? that there is no stamp duty payable on a property bought in melbourne? as in, i save that approximate $12000 on the property?

thanks mate, sent them an email.

As another technique, i’ve thought about buying/supplying something unique and selling it on ebay or other such online auction?

i’ve researched it, but again, a fair bit of risk involved…