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My son inveested in a property in Morwell in 2007 as a means of getting his foot in the door.  In less than 18 months it has acheived its purpose, rising rents, falling rates, excellent tenants and capital growth meant he could buy a place in Seaford.  It is with a certain amount of sadness he now puts his first property on the market……….

My son inveested in a property in Morwell in 2007 as a means of getting his foot in the door.  In less than 18 months it has acheived its purpose, rising rents, falling rates, excellent tenants and capital growth meant he could buy a place in Seaford.  It is with a certain amount of sadness he now puts his first property on the market……….

But if you buy it as an investment property you wont be eligible for the grant!

Hi.  My 22 year old son is in the same position as you, and has just purchased an apartment to live in.  He has chosen to keep his Investment, as falling rates are making it neutrally geared.   You are STILL ELIGIBLE ffor the FIRST HOME GRANT!!  Check the web site.  It states that you must not have held an interest in a residential property prior…[Read more]

Peter – If you were my child I would slap you for taking that attitude!!!!  Why??  Because my son is 21, an apprentice who earns considerably less than a uni graduate does, and actually has planned for his futute rather than just hoping that we dont reverse mortgage the family home so we can buy Harleys and ride through the swiss Alps until t…[Read more]

Morwell is available at 100%…..just did one recently…..go through a LARGE REPUTABLE brokerage!!  Didnt ask about Churchill at the time as it has a high student population due to kids from Melbourne attending the uni there and I dont want to be paying reletting fees and having vacancies over the christmas holidays on an annual b…[Read more]

Morwell is a great place to buy bullet-proof IPs that return 6-7%, however, vacant land there is dirt cheap, and I think you would find the cost of doing a subdivision would not be worth your while…..

Try Dexel Engineering…..they do great work