Buy Australian Property Investor magazine and read about the couple who’ve bought in Ipswich. If you can get the returns, go for it. Ipswich is set to become and extension of Brisbane like Penrith and outer areas of Sydney.

How I am kicking myself for selling my +vely geared property in Deception Bay 18 months ago (for $115,000 which I thought was good!). Interesting how the tide turns.

Mel

Congratulations on your property purchase. I take it your property is a unit. Many pundits are tipping Brisbane still has a couple years of reasonable growth left with something like 1000 people a week moving to south-east Queensland. Having said that, many area saying the unit market is oversupplied. Depending on whether you and your…[Read more]

Thanks Chris. Yes, I’m thinking of taking photos as evidence and getting something done. No, I didn’t see the story and that is horrific. Fortunately, no-one is living in my property and I would be reluctant to put a tenant in if I kept it (it’s a brand new house) . I figure if I have done all I can and there is no action, I will just have to…[Read more]

Thanks for the advice kay. I would be satisfied with 5 weeks and yes, I will be replacing the property manager. Not impressed with the overall effort. Even for the assessor to take a month to get there was pretty rank. Yes, floorboards underneath. I have the rest of the house with polished floorboards, but always maintain in Melbourne’s winter,…[Read more]

Thanks for the advice kay. I would be satisfied with 5 weeks and yes, I will be replacing the property manager. Not impressed with the overall effort. Even for the assessor to take a month to get there was pretty rank. Yes, floorboards underneath. I have the rest of the house with polished floorboards, but always maintain in Melbourne’s winter,…[Read more]

I suppose one of the things we should try to do (although when you’re buying and buying there never seems to be much spare cash) is to have a stash of cash (or unused credit) for that rainy day when you have 2-3 months of no tenant, a $4,000 bill to re-wire the house because you got hit by an electrical storm or in my case, a good sense of humour…[Read more]